Karachi: The KSE-100 index witnessed a significant rise as it closed above the psychological level of 93,000, marking a bullish trend in the stock market. The index gained 771 points to settle at 93,292, with trading volumes increasing to 763 million shares compared to 679 million in the previous session.

According to JS Global, the current bullish momentum could push the index to its next target of 93,843, with the potential to reach 94,433. In case of a decline, support is expected between 92,730 and 93,120, while a fall below these levels might trigger a corrective trend. The improved RSI and MACD indicators support a positive outlook, though investors are advised to remain cautious at higher levels and consider buying on dips.

Stocks such as ATRL and PSO are recommended for a ‘buy on dips’ strategy, targeting specific price levels with defined stoploss points. ATRL aims for Rs509.00 and Rs528.18 with a stoploss at Rs482.57, while PSO targets Rs249.74 and Rs257.36, with a stoploss at Rs243.84. Other stocks including OGDC, PPL, and ENGRO also have specific buy and stoploss strategies outlined, reflecting the overall optimistic sentiment in the market.

The analysis from JS Global provides a detailed strategic approach for investors, highlighting key support and resistance levels across various stocks, suggesting a continued bullish trend in the near term.