By Khalid Saifuddin
June, 22nd, 2009 11:30 pm
Technical Outlook:
I am still looking for BULLISH trend, No need to worry, Lot more to happen on Tuesday and inshallah most of it will be positive.
The good news is we have seen great foriegn buying today, and this is the continuation of Fridays foreign buying for sure it will bring our local investors back in the market.
Now it is time to get into the market and ensure your profits. Off course this is the time to buy most of the selected scrip because the range of stop loss here is very low and the target journey is long enough.
Again I will say the BIG BREAKOUT is about to happen. Trust me the Bullish trend is very close to begin. Market is started increasing its volatility with the volumes
You can have the big profits in small time frame and I am still convinced on my above said all statements. as I said in my last report "The Bulls only required 26 to 60 positive points for Monday closing. Any negative closing on Monday will drag market back into mild bearish trend."
Recommendations
: Strongly condemned short selling, appreciate buy in most of the scrips. For further details on scrip analysis please contact: Saif @ 0345-276 8680 or safelyinvest@ gmail.com
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.
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