
AZEE Securities
February 14, 2025 at 09:23 AM
**KSE-100 Index: Market Struggles to Maintain Momentum, Pullback Observed**
🔹 **Key Levels to Watch:**
- **Immediate Support:** 112,540 (session low)
- **Critical Support:** 112,255 (near support range)
- **Next Major Support:** 109,400 (strong support zone)
- **Immediate Resistance:** 113,478 (session high)
- **Key Resistance Zone:** 113,325–113,780 (supply zone)
🔹 **Outlook:**
The KSE-100 Index started positively but faced challenges maintaining momentum, ultimately closing at 112,564, down by 361 points. The index fluctuated between a low of 112,540 and a high of 113,478, showing some resistance at higher levels.
A pullback to the 112,255–111,785 range could provide a solid base for a potential upward movement, giving bulls another opportunity to challenge the supply zone between 113,325 and 113,780.
- **Bullish Scenario:** Should the market open with strong momentum and increased volume, the index could break through the supply zone. A decisive move above 113,780 would likely signal further bullish strength, with targets shifting toward 114,380–114,780, followed by 115,100–115,400.
- **Bearish Scenario:** A pullback toward the support range at 112,255–111,785 could test the market's strength before a further rally, indicating a potential pause or consolidation phase.
Traders should stay alert to the market’s price action, as this pullback may offer opportunities to enter long positions, while awaiting a clearer trend to emerge.
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