KSE-100 Index Trend Score

KSE-100 Index (Last: 14553.29, down 11.39 points)

 
The Index is looking positive on all three counts (short, medium and long term) and we expect it to test 14700. However, the lack of velocity on the upside is creating a bit of uncertainty. If the Index fails to make headway soon, the chances of testing or falling below 14500 support will increase. Let’s hope for the best.

LOTPTA (Last: Rs 7.45, down Rs 0.04)

The stock is showing consistent downtrend and there are no signs of turnaround as yet. Unless the moving average setup indicates otherwise, we expect this downward trend to continue. The counter trend rallies are the best time to sell (see the chart for details).