KSE100 Outlook for Coming Week July 22 - July 26

 KSE100 closed the week and day at 80177 by losing 173 weekly points and 1722 daily points. Friday session witnessed an aggressive fall. Commercial banks, fertilizers, power & technology sectors were under massive profit taking last day.

Weekly closing support sideways movement between support 76600 and resistance 82570. We personally expect week/day could start with profit taking towards 79300 - 78440 that is where daily support is expected and pause in selling momentum can be expected if not fall towards 77760 - 77215 and even 76600 may become possible that is where bottom risk of the week is expected.

Any initial upside towards 81015 followed by 82190 is likely to be limited if sustained above 82200 we may witness a rise towards 82570 that is where top of the week is expected (unlikely scenario).

I would suggest following individual stocks analysis/research/signals for your decision making that we published separately. 

KSE100 4H Chart



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