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Pre-budget Bullish rally to take KSE100 index towards 32400

Sanie Khan
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kse-graphPre-budget Bullish rally to take KSE100 index towards 32400

Karachi – A bullish rally has emerged in the KSE from 29-May-2014, which is going to lift the main index above the 32400 levels by July. This was calculated by a report prepared by Syed Faran Rizvi, who works as Senior Manager at JS Global and Chapter representative of Meta Stock (USA). He said that the market trading in bullish zone and targeting towards 32400.He argued that KSE 100 index is trading above the resistance trend line and has successfully breached KSE-100 previous high indicating market is targeting towards 32000. We recommend investors to buy at these levels with a stop placed below 29400

 

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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