Karachi, The KSE-100 index opened on a positive note but ultimately faced a volatile trading session, closing with a 445-point loss at 70,658 points. The market's technical indicators suggest cautious trading ahead as the index approaches critical support levels.

According to AKD Securities Limited, the KSE-100 posted a session high of 190 points and a low of 540 points, with trading volumes slightly lower than the previous session. The Bollinger Bands, a measure of market volatility, are currently 18.42% wider than normal, indicating increased market volatility. Over the past 10 trading sessions, the index has recorded 4 white candles and 6 black candles, reflecting a bearish trend with a net of 2 black candles.

Technical analysis suggests that the KSE-100 may find initial support near 70,500 points. If the index breaks below this level, it could see further declines towards 70,100 and 69,800 points. On the upside, resistance is expected near 71,000 points, with potential to extend to 71,400 and 71,800 points. Traders are recommended to accumulate positions near the support zone, with risk defined below this threshold.