KSE100 Outlook for Coming Week July 29 - Aug 02

 KSE100 closed at 78029 by losing 2088 weekly points with volume marked at 687.41M down by 17.3M from previous week. Index traded between 80085 & 77921 in the band of 2166 points. 

Index may remain under profit taking during start of the week towards 77260 followed by 76860 - 76250.  On the upside 78870 - 79550 can act as resistance while expected top of the week is seen around 79900.

Please note 76250/76240 may act as 1st short term buy followed by 74645 as 2nd level to watch for buy. For low risk wait for dips around 2nd level and buy after confirmation.

Individual stocks analysis needed to be focused. Avoid hefty buying at current levels and wait for good dips.


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