No Recommendation for Tuesday, November 03, 2009

No Recommendation for Tuesday, November 03, 2009

Hi Folks!

I don’t have much to say for your stocks right now, all the stop losses were hit; it is required to analyze the market in coming days and make the exit strategy if the pressure continues.

Immense selling pressure recorded in Karachi Stock Exchange, in early hours the Pindi blast added fear to the investors, then later on the news channel reported about the statement of Mr. Altaf HussainAltaf Hussain which added more pressure to the market.

All striving bulls caught into trouble, and ultimately market closed in negatively. This pressure may continue, how long this will go nobody can guarantee but here it is necessary to analyze the future options for the country’s administration.

WOW! The unconvincing visit of Ms. Hilary Clinton put the political forces into new trouble, which will give a hard time to the present government, and you know the Pak army is already engaged in War.

So nobody is counting on Gen. Kiani, do we have choice to bring the alternative “that’s the vital question at present”

Follow the Monday briefing for key levels and be focused on market and current affairs for the future strategy

Khalid Saifuddin

SafelyInvest

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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.