Karachi: The KSE-100 index exhibited a bullish trend as it gained 106 points, closing at 80,672. This upward movement marks a steady progression in the stock market, with significant trading volume recorded at 610 million shares compared to the previous session’s 262 million shares.

According to JS Global, the index is poised to test its next resistance at 81,087, which was yesterday's high. A successful breach of this level could set the stage for the index to aim for higher targets at 82,329 and subsequently 83,374. On the flip side, should the market experience a downturn, support is anticipated within the 80,200 to 80,530 range. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are trending upwards, reinforcing a positive outlook for the market. JS Global recommends that investors adopt a 'Buy-on-dips' strategy while maintaining a stop-loss level below 79,697. Additionally, established support and resistance levels are noted at 80,439 and 80,996, respectively.