Karachi, June 08, 2023 (PPI-OT): KSE-100; Upside likely

KSE-100 index witnessed another positive session to close at 42,143 level, up 219 points DoD. Volumes improved to 332mn shares from 241mn shares traded previously. If the gain continues, the likely target will be in the range of 42,470 to 42,570 levels where a break above that will target 42,863 level. Meanwhile, any downside will find support at yesterday's low of 41,924 where a fall below the said level will initiate the corrective trend with 41,543 (30-DMA) as the downside target. The RSI and the MACD are heading up, supporting a positive view. JS Securities Limited recommends investors to 'Buy on dips', keeping stop-loss below 41,924. The support and resistance are at 41,968 and 42,275 levels, respectively.

ATRL: Upside target remains intact

Strategy: 'Buy on dips' - targeting Rs181.25 and Rs186.27; stoploss at Rs169.58.

HCAR: MACD generated a Buy signal

Strategy: 'Buy on dips' - targeting Rs101.46 and Rs103.24; stoploss at Rs93.57.