According to AHL Technical, another negative session occurred on Wednesday, with the KSE-100 index dropping by 741.82 points to close at 77,886.98. The daily chart showed a lower high and lower low, closing with significant negative numbers, indicating that bearish momentum is strengthening and the index may continue to decline.

Immediate support is between 77,750 and 77,500. For the bulls to regain control, a convincing comeback with strong price action and increased participation in top-tier stocks is necessary. If the bulls fail to recover and the index falls below this support range, it is likely to plunge to the next major support level between 77,310 and 77,000. Conversely, since the benchmark index is trading below its short-term moving averages, any upward movement is expected to face strong resistance from these averages, currently in the 78,200 to 78,600 range.