KSE-100 Index – Sharp Recovery, But Is It Sustainable?

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KSE-100 Index – Sharp Recovery, But Is It Sustainable?KSE 100 IndexPSX_DLY:KSE100ABD_47📊 Market Structure: Strong relief rally after capitulation-style selloff. Structure still corrective on higher timeframe. Bias: Short-term bullish (pullback) Medium-term cautious / bearish continuation possible Key Levels: Resistance: Recent bounce highs Support: 146K–147K Major Support Zone: 118K–139K Confluence Factors: Oversold bounce after 16K drop Sentiment shift from easing geopolitical tension Gold cooling = risk-on signal Outlook: Current move appears corrective. Watching for lower high formation or rejection near resistance for potential continuation to downside.