Karachi, In recent trading sessions, the KSE-100 index experienced bearish momentum, closing with a significant loss and moving closer to the 50-SMA, signaling potential future trends for investors. The index opened on a positive note but ultimately lost ground, concluding with a 753-point drop to settle at 64,048 points. The trading volumes also showed a decrease compared to the previous session.

According to AKD Securities Limited, the KSE-100 index's recent performance indicates a shift towards a more cautious approach for traders. The Relative Strength Indicator (RSI) stands at 50.72, reflecting a balanced market condition that could sway in either direction. The market's technical analysis suggests that the index might find initial support near the 63,500-point mark. If it falls below this level, further declines could be expected, potentially reaching down to 62,700 points. On the other hand, resistance is anticipated near 64,400 points, above which the index might target higher thresholds.

Investors are advised to monitor these support and resistance levels closely and adopt a strategic approach based on the market's technical indicators. The overall recommendation is to trade with caution and prioritize position accumulation near the identified support zones while clearly defining risk parameters.

In the context of broader market strategies, understanding these technical thresholds and indicators can provide valuable insights for making informed decisions, especially in volatile trading environments. As the market navigates these uncertain times, investors' attentiveness to such analytical guidance and their adaptability to shifting market dynamics will be crucial.