📉 *KSE-100 Index: Sideways Trend Continues, Market Eyes Key Breakout* 🔹 *Key Levels to Watch:* - *Immediate Support*: 113,273 (9-week SMA) - *Critical Support*: 111,157 (key short-term risk level) - *Next Major Support*: 111,157–110,900 (strong support zone) - *Immediate Resistance*: 116,424 (initial hurdle) - *Key Resistance Zone*: 117,039–118,735 (congestion zone) 🔹 *Outlook:* The KSE-100 index has been trading within a narrow range, with price action consolidating around the upper boundary of the ascending channel. The market is facing a second consecutive weekly decline and remains under pressure within the congestion zone (117,039–118,735), which has capped movements since mid-December. Immediate support lies near the 9-week SMA (113,273), with critical support at 111,157. - *Bearish Scenario*: A break below the 111,157 level could signal further downside, testing the next support zone at 111,157–110,900. - *Bullish Scenario*: A breakout above 116,424 could set the stage for a move toward the congestion zone, signaling a potential trend reversal if sustained. Given the cautious near-term outlook, traders are advised to stay vigilant and wait for a clear breakout. Profit booking near the congestion zone is recommended unless a decisive move above it occurs. Patience will be key in navigating the market's next move.