PSX Technical Alert for 7th February 2019:

By
. Khalid Saifuddin
safelyinvest@gmail.com
Updated as on 6th February 2019

Wrap up
:
KSE100 Daily
High 41,767 Expected bulls to perform by trading
Low 40,418
abvoe 41,588 and they did but not up to
Close 41,506
-109(-0.26%)
the expectations and then it is also
G/L
Volumes 118,361,610 alerted for having limited exhaustion
below 41,588 and three supports given
Volume Leaders for helping bulls to recover, today the
two out of three given supports violated
by bears and closed back with some
recovery from the intraday low. And
this was the reason traders specifcally
stated for having strong risk Technical View
management in today’s session and
Gainers – U.CAP Session today noticed with some
closing today with the loss of 109 points
exhasution but it is still not threateining
is evident that why trailing stop loss is
as long as index is trading above 41,283
important, traders two opprtunities for
– 41,275, the only worry I see is the last
trailing stoploss below 41,655.
hour trading and closing today, that is
Comeback of foreign funds noticed
pointing on bears aggression and if this
with fair inflows today, whereas local
Losers – L.CAP continues in coming sesison then it is
funds and investors recorded outflows
better revisiting buying back in market
as per NCCPL website.
and better wait for secuure entries,
simply do not plan entries if noticed
power of bears around 41,283 – 41,275
which is the immeidate target of bears
FIPI Daily Figures in also.
USD. Source 41,855 – 41,848 and 41,955 – 41,955 are
www.nccpl.com.pk Precise Levels for KSE100 the major resistances and the hope for
Foreign 6,403,503 having new rally in PSX, currrently I do
Investors Resistance Support
Local -3,422,861
not encourage for expecting efforts from
41,589 41,485
Funds bulls if index fails to trade abvoe 41,589
Local -2,531,281 41,655 41,373 and I also see depressive closing of the
Investors
41,855 – 41,848 41,283 – 41,275 week if index breaks below 41,283 –
Links of Safely Invest
 https://www.facebook. 41,995 – 41,955 41,141 41,275.
com/groups/safelyinv 42,125 41,070 – 41,035
est/
 https://www.facebook. 42,221 40,959 – 40,950
com/Safely-Invest-
41,411 – 42,390 40,855
109979639056254/?ref=
bookmarks
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a
 https://twitter.com/Kh
guideline to interpret the specified indicators. This information should only be used by investors who are
alidSaifuddin
aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any
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use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on
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683b721a/ this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.