Karachi: The KSE-100 index closed at 145,647, marking a gain of 559 points from the previous day, as volumes reached 713 million shares compared to 788 million in the earlier session. The index is poised to challenge resistance at the recent high of 146,081, with potential to climb further to 148,379 if it breaks through. Conversely, support is anticipated within the 143,410-144,830 range, with any drop below likely to trigger a corrective phase. Indicators such as the RSI and MACD suggest a positive trend, and investors are encouraged to 'Buy on dips' with a stoploss set below 143,410. Current support and resistance levels stand at 145,238 and 146,069, respectively.

In related market movements, Honda Atlas Cars (HCAR) is predicted to consolidate, with a strategy to 'Buy on dips' aiming for Rs293.70 and Rs297.32, maintaining a stoploss at Rs287.04. Meanwhile, Pakistan Petroleum Limited (PPL) shows an upward trajectory, with a 'Buy on dips' approach targeting Rs191.78 and Rs194.40, and a stoploss at Rs187.27.

These insights were provided by JS Global, reflecting an optimistic yet cautious outlook for investors navigating the current market conditions.