Karachi, April 04, 2022 (PPI-OT): KSE-100; Expected target at the 200-DMA

KSE-100 index extended the gain to close at 45,152 level, up 223 points compared to the previous trading session. Volumes stood at 389mn shares versus 416mn shares traded previously. The index is expected to revisit Friday’s high of 45,396 where a break above that will lead to further gain towards the 200-DMA currently at 45,693. However, any downside will find support at the 50-DMA which is at 44,685. The RSI and the MACD are moving up, supporting a positive view. Investors are recommended to view any downside as an opportunity to ‘Buy’, with risk defined below the 50-DMA. The support and resistance are at 44,739 and 45,480, respectively.

ATRL: Upside to continue

Strategy: ‘Buy on dips’ – targeting Rs136.77; stoploss at Rs127.71.

PPL: Recovery expected

Strategy: ‘Buy on dips’ – targeting Rs76.60 and Rs78.30; stoploss at Rs72.50.