TASI Rallies Hard, Prepares to Catch Its Breath

TASI has closed higher for the 3rd consecutive week, delivering its strongest monthly gain since Jan 2022 — jumping nearly 900 points (+8.5%) in January.

This kind of sharp rally clearly signals fresh buying momentum entering the market. However, after such a strong move, a healthy retest is likely.

What to Watch Next

• Expected pullback towards 11,000 – 11,100
• 11,000 remains a strong support zone
• Upside resistance sits at 11,700 – 11,800

Outlook

As highlighted earlier, following a sharp rally the index typically looks for consolidation. February could turn out to be a muted or range-bound month, helping the market digest recent gains.

Trading View

As long as TASI holds above 11,000, the bias stays bullish.

Buy on dips remains the preferred strategy.