Karachi: In a robust trading session, the KSE-100 index saw a significant gain, climbing 1,212 points to close at 81,156, as bullish trends dominated the market.
According to JS Global, the index is poised for continued upward movement, potentially revisiting its recent Monday high of 81,428. A break above this level could see the KSE-100 targeting higher marks at 82,325 and 83,032. Conversely, should the index face downward pressure, support is expected within the 80,320 to 80,750 range. Indicators such as the RSI and the MACD are trending upwards, reinforcing a positive outlook for the market.
JS Global advises investors to consider buying on dips, with a recommended stop loss set below 80,321. The noted support and resistance levels are at 80,790 and 81,475, respectively, guiding investors on potential pivot points in the market's movement.