Morning Briefing for Tuesday 27th October, 2009

Morning Briefing for Tuesday 27th October, 2009

Immense buying recorded by Mutual funds, Institutions and Foreign Investors, alone FIPI got USD 4,722,179. As I said earlier it is proved today the decreasing volatility increasing hopes with some upcoming development, Ultimate Target Bullish

The bulls flying now looking for more energy may get some energy with the upcoming developments

Key Levels for KSE-100

Tuesday

R – 3 9,590

R – 2 9,478

R – 1 9,395

P.Cls 9,374

S – 1 9,285

S – 2 9,238

S – 3 9,192

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Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.