On April 9, 2021 market open at (44,741.36) with a green signal making a great bullish move & set the high position at 45,249.61(+508.29) points at the end of the day market closed at gaining +445.12(45,186.48).
Does the market remain Bullish?
Yesterday’s move shows a good bullish move & the market touch 45,250 points on the index (as indicated in our last review) this week was good for bulls.
But, It is expected now the market will make a downtrend for the coming week, As political uncertainty will be seen after the Daska election & also Inflation rate increases, the government ready to burden the people with taxes, Electricity rates increases on IMF demand.
Follow the trend:
For the next week, the best strategy is to participate in the market by following the trend for intraday trading with strict stop loss. Try to avoid the market if opens with a red signal. If uncertainty increases maybe we see the market going below (42,500) at the end of next week.