Needs To Defend 31,535 Level To Prevent Further Correction: - TopicsExpress

Needs To Defend 31,535 Level To Prevent Further Correction: Short‐Term: Amid contracting volume market eased towards a support around 31,535 level on Friday. Recovery through 31,742 level is required to terminate the corrective sequence and set continuation towards 32,492 level. Failure to hold 31,535 level today can expose further pressure towards 31,181 — 31,075 levels. Accumulate textiles, cements & banks while waiting for a bottom confirmation in oil sector. 13-day Leaders: KTML, SHEZ, TRG, MLCF, KOHC, DGKC, CHCC, BOP, JLICL & CEPB 13-day Laggards: POL, MARI, MUREB, JSCL, PPL, ICI, PAKT, ABOT, HUMNL & OGDC

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