PSX Update: Panama Hungama …!!
It has been announced that Panama Judgement will come out at 2 O Clock (Thursday 20th April 2017).
Kse-100 index just touched 46,048 and is reversing from there. Current Index is at 46,520.
We recommend all of you to cut ALL your SHORT Positions which were initiated at 50,300 on our call. (It’s a Gain of almost 4000 index points).
Technically we believe for the time being index bottom has been placed and index is reversing for potential target of 48,200 and then 49,700.
After closing all Short Positions New Long Positions can be taken in the following stocks.
BUY CALL:
For Technical Trading- TRG, SNGP, FCCL, ASL & EPCL can be bought here with Index Stop Loss of 45,950.
SFS Research,
Shaikh Financial Services
