View KSE and Forex at Your Desk

safelyinvest · Nov 13th, 2009, 01:29 AM

View KSE and Forex at Your Desk

KSE

Morning Call for Friday 13th November, 2009

By:

Khalid Saifuddin

SafelyInvest

KSE-100 – Market swallowed current selling pressure

Still too much of excitement is not appreciated

Intraday buyers will see some fair moves today

Yesterday market after testing one of our resistance level caught under prevailing selling pressure, but daring buyers come forward to defeat fear of the market, thanks to Foreign investors and Mutual fund for helping buyers by their inflow of USD 1,135,929 and 2,333,512 respectively.
Still the possibility of volatile movement exist in the market, the buyers will be appreciated for buying on early dip and profit taking recommended in first half if they see the 9105, buying back in second half is recommended only after analyzing the first half movement.
Bulls may get sign of relief above 9152 and later on trading above 9245 will probably stabilize the market in next week.
Most of the discounted scrip is in Bullish phase, market will be ideal for the day traders, if the scrip is selective.

Closing below 8810 for last day of the week will bring lot of depression for the bulls.

Key Levels

9,152
9,105
9,000
8,937
8,891
8,854
8,817
8,777

Forex

**********Delayed Flash**********

EUR/USD Call by Safely Invest

Call Short time Short Closed Closing time

Short 11/12/2009 6:52 1.49414 1.4865 Target achieved 12 - 13

1st Call Short 11/12/2009 7:49 1.49152 1.4875 Target achieved 12 - 13

Call Short time Short Closed Closing time

2nd Call Short 11/12/2009 13:34 1.48599 1.48306 Target achieved at

11/12/2009 15:38

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Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret 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.

RizwanAwan · Nov 15th, 2009, 08:11 AM

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