Karachi: The KSE-100 index continued its upward trajectory, closing at 185,062 points after an increase of 2,654 points from the previous day. Trading volumes slightly decreased to 1,306 million shares from 1,384 million shares in the previous session. Analysts anticipate the index will encounter resistance between the 185,480 and 186,875 levels, with a potential target of 188,870 if it breaks through. Conversely, any decline is expected to find support within the 182,335 to 183,910 range.

Technical indicators, such as the Relative Strength Index (RSI) and the Stochastic Oscillator, are positioned in overbought territory, prompting a recommendation for investors to adopt a cautious approach and consider waiting for market dips before making further investments. Current support and resistance levels are pegged at 182,335 and 186,635, respectively.

In sector-specific strategies, ISL stocks are advised to be approached with a 'buy on dips' strategy, targeting Rs116.00 and Rs123.00, with a stop-loss at Rs111.03. Similarly, MLCF stocks are suggested for purchase after corrections, aiming for Rs121.87 and Rs126.12, with a stop-loss set at Rs115.14.

These insights and strategies are provided by JS Global.