DFM market index is under pressure. Last closing is also very tricky, there are good chances it can go down to retest the lower levels. For now we can only consider it to be bullish once we see a solid closing above 3400 zone.
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Market is at a very crucial stage, Fridays closing of dfmgi was very positive and I expect it to go higher from here. From here there is very good chance for the market to cross 3400 resistance areas, but incase if market does not then it can again come down to the marked support level.
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If you are a regular reader of my blogs you must have surely read my last analysis on Dubai Stock Market Index. Market is making new levels every week attracting international & local investors. Blue chip stocks like EmiratesNBD, Emaar Properties, Dubai Islamic Bank are in a strong uptrend and ready to go more higher. As of today 02/04/2022 Dubai Financial Market...
After a massive run Dubai Stock Market Index is not taking some rest, so can we expect a bull run again? yes most likely we will see 3200 very soon as thats the next resistance area. Immediate support is at 3125 and 3100 respectively. Since the market is moving backed by fundamentals i am expecting more news coming out slowly which will push the market volumes and...
