*KSE-100 Index: Market Faces Resistance Amid Recovery Attempt* *🔹 Key Levels to Watch:* • Immediate Support: 109,847 (gap support level) • Critical Support: 109,400–109,800 (key support zone) • Next Major Support: 105,600–100,400 (extended downside targets) • Immediate Resistance: 113,500 (near resistance zone) • Key Resistance Zone: 113,000–113,700 (selling pressure zone) *🔹 Outlook*: The KSE-100 Index attempted a recovery last week, closing at 112,085, up 1.6%, after dipping to a low of 109,405. Despite holding above the critical 109,847 gap support, the index faced resistance near the 113,500 level, capping further upside potential. Weekly volume showed a slight improvement to 1.36 billion shares, though it remains subdued compared to December's highs, suggesting a lack of strong buying conviction. The RSI stands at 68.30, having breached its trendline support, reinforcing the bearish divergence from last week. While the short-term bounce is encouraging, the market remains in a consolidation phase. A sustained breakout above 113,500 with rising volumes could shift the sentiment towards a bullish outlook, targeting 116,000–118,000. However, failure to break this resistance may trigger renewed selling pressure. • *Bullish Scenario:* A move above 113,500 with increased volume could signal further bullish momentum, potentially driving the index toward the 116,000–118,000 range. • *Bearish Scenario:* A failure to break key resistance may lead to renewed selling, with a breakdown below 109,400–109,800 triggering further declines toward 105,600 and 100,400. Traders should maintain a cautious stance, watching for price action around key support and resistance levels, and consider a sell-on-strength strategy in the near term. #azeesecurities #kse100 #marketupdate #stockmarketanalysis #tradingstrategy