Karachi 100 (KSE)

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Outlook and Expected Levels For The Coming Week (June 14, 2024) The session closing at new al time highs with volumes at nearly 2 months high is acknowledging our view that correction is over. Now, bulls are likely to test the range between 77,200 – 77,700 and need to close the week above 77,900 for next big rally towards 78,850 followed by 80,500 zone. On the downside, the support is now tilted up at 75,780 with expected bottom at 75,100

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iMemon 10 hours ago

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The Session Wrap Up!!! Bulls Roared – Index Soared To New All Time Highs And Gave First Ever Closing Above 76K.... Exactly as discussed in the previous report, the Bullish Doji Star based formation played its vital role and unleashed aggressive bulls, who broke all the resistances and brought index into uncharted territory to close the day at new all time high. During the session, the index started with an upper gap and marched to as high as 76,338 before ending the day at 76,208 with a massive score of 3,410 Points. Volumes from KSE-100 Index Stocks clocked at a total of 344.98 Million, which is not just up by a whopping 228% from previous session but is the highest intra-day total since April 25 2024 and indicates that the aggressive buyers were active in the massive rally.

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Muhammad Shahid Jun 12, 2024 7:12PM ET

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Mkt short term if hold 73100 next 74500 In Sh Allah

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Muhammad Shahid Jun 12, 2024 7:12PM ET

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Mkt long term buy every dip for 95800 next 134400 In Sh Allah

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iMemon Jun 12, 2024 11:39AM ET

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Outlook & Expected Levels For The Coming Week (June 13, 2024).... The Bullish Doji Star formation is suggesting breather from bears with potential to put an end to correction, as bears lost control after recording the longest winning streak since September 2021. However, the low volumes are still a point of concern, suggesting that aggressive bulls are still waiting for a breakdown or a breakout. The index is now coming to a stage where there is potential to trigger aggressive short covering and bring buying interest. The said range is between 72,130 – 71,050 zone, where we suggest buying. On the upside, the resistance is seen at the range between 73,230 with expected top at 73,700 – 74,100 range.

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iMemon Jun 12, 2024 11:28AM ET

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The Session Wrap Up!!! Bulls Won 1st Battle In 8 Sessions – Index Witnessed A Recovery By 207 Points...... The bulls recorded first win in 8 sessions amid roller coaster ride, as index witnessed recovery by 207 points. During the session the index first fell to as low as 72,464 and then bulls made a move by posting the high of 73,169 before closing the day at 72,797 with a net gain of 207 Points. Volumes from KSE-100 Index Stocks clocked at a total of 106.57 Million, which despite being down by 28% from previous session, indicates that the intra-day fall towards 72,500 zone was treated as opportunity to accumulate as 44 Million or as must as 41% of the day’s total was traded at that said zone.

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iMemon Jun 11, 2024 9:58AM ET

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Outlook & Expected Levels For The Coming Week (June 12, 2024)..... The correction is likely to be completed in a day or two, as index is now coming to a stage where there is potential to trigger aggressive short covering and bring buying interest. The said range is between 71,960 and 70,950 zone, where we suggest buying. On the upside, the resistance is seen at the range between 73,200 with expected top at 74,800.

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iMemon Jun 11, 2024 9:41AM ET

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The Session Wrap Up!!! Bearish Rage Continued For 7th Consecutive Session – Index Lost 517 Points With No Improvement In Volumes..... The brutal rage of bears continued for 7th consecutive session, making it the longest bearish spell since September 2021, as the index lost 517 Points with no improvement from volumes. During the session, the index started on a positive note and posted a high of 73,866 from where the bears took over and dumped the index to as low as 72,476 before closing the day at 72,735 with a massive loss of 517 Points and recording the longest winning streak since September 2021. Volumes from KSE-100 Index Stocks clocked at a total of 142.28 Million, which despite being up by 59% from previous session is still not a healthy total and suggests that aggressive bears were scared of making any moves.

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iMemon Jun 10, 2024 11:41AM ET

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Outlook & Expected Levels For The Coming Week (June 11, 2024).... The failure to surpass 74,300 is suggesting that the Dragonfly Doji based closing on June 7 resulted in a dead cat bounce. Having said that, the short term oscillators are now moving into highly oversold zone that may limit the downside as well. This concludes that index is likely to enter consolidation, within a rangebound price action, with both bears and bulls having level playing filed to make their. The said consolidation is likely to continue for 2-3 sessions. Hence, play the range. The support is seen at 72,800 followed by expected bottom at 72,350. Resistance is seen at 74,100 followed by expected top at 74,660.

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iMemon Jun 10, 2024 11:19AM ET

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The Session Wrap Up!!! Bears Scored Double Hat-Trick | Index Witnessed Longest Bearish Spell Since December 2023.... The bears continued their move for the 6th consecutive session, as index witnessed another day or selling pressure to close the day at the lowest level since May 13 2024. During the session, the index started on a positive note with a high of 73,915, but the upside resulted in a dead cat bounce that triggered aggressive pressure to drag the index to as low as 72,981 before ending the session at 73,252 with a net loss of 501 Points and with the sixth consecutive session of loss, making it the longest bearish spell since December 2023. Volumes from KSE-100 Index Stocks clocked at a total of 89.5 Million, which is the lowest total since April 02 2024 and indicates that buyers were scared of making any move.

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