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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
73,110.65
+452.60(+0.62%)
Closed

Karachi 100 Discussions

Market to lead towards 80,000 benchmark
Zalmo silkbank ko bi chala do tumhe Allah ka wasta ha 😔🙏🏻🙏🏻🙏🏻
Make Shaukat Tarin traitor sell his holdings--he owns 12%; Silk Bank will fly after that!
High
dead cat bounce
frad hai
Outlook & Expected Levels For The Coming Week (May 02 2024)..... The session ending as Three Outsides Down formation with a breach of 10-DMA is suggesting that correction is likely to continue. For coming session, the support is seen at 70,780 – 70,600 zone, where short covering cannot be ruled out, given that intra-day indicators are now going into oversold region. However, an hourly closing below 70,400 can aggravate selling and expose 69,880 – 69,800 zone in a speedy manner. Resistance is seen at 71,540 – 71,600 zone, with expected top at 72,100.
The Session Wrap Up!!! Correction Continued For 2nd Consecutive Session – Index Lost 592 Points To End The Session At 7 Days Low.... The corrective pullback continued for 2nd consecutive session, as index lost another 592 Points to end the session at lowest level in 7 days. Since start of the session, the bull were on a backfoot, as despite taking the index to as high as 72,119, they could not keep up with the momentum and index fell to as low as 71,059 before ending the session at 71,102 with a net loss of 592 Points and at the lowest closing in 7 days. Volumes from KSE-100 Index Stocks clocked at a total of 232.91 Million, which is not just down by 17% from previous session but is the lowest intraday total sin April 19 and suggests that aggressive buyers preferred taking sidelines amid corrective pullback.
AoA, Memon sb, we are missing your analysis on KSE 100. It is requested to keep continue your analysis for our learning. Regards
I am traveling till Thursday
 Thank you sir.
Outlook for the Month of May 2024 & Expected Levels:..... First and foremost, the historical data for the month of May is favoring bears, as in the past 12 years, bulls have been victorious 5 times and bears have recorded 7 months in their name. While, from the charts view, despite monthly closing at highest point ever, it is to note that the index did not close above 72,800 which keeps rising wedge and 1.618% based top in tact and indicates that Wave 5 is playing its role. Hence, it is suggested to manage risk. The support for the month is seen at 69,500 – 69,100 range followed by “The Lifeline Between Correction & Bearish Reversal” at 66500 – 65,700 range, noting that a weekly closing below 64,900 can bring aggressive bears to the field with January 2024 low zone of 58,700 on cards. The resistance is seen at 73,600 followed by expected top at 74,500.
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Outlook for the Month of May 2024 & Expected Levels:.... First and foremost, the historical data for the month of May is favoring bears, as in the past 12 years, bulls have been victorious 5 times and bears have recorded 7 months in their name. While, from the charts view, despite monthly closing at highest point ever, it is to note that the index did not close above 72,800 which keeps rising wedge and 1.618% based top in tact and indicates that Wave 5 is playing its role. Hence, it is suggested to manage risk. The support for the month is seen at 69,500 – 69,100 range followed by “The Lifeline Between Correction & Bearish Reversal” at 66500 – 65,700 range, noting that a weekly closing below 64,900 can bring aggressive bears to the field with January 2024 low zone of 58,700 on cards. The resistance is seen at 73,600 followed by expected top at 74,500.
Review of the Month of April 2024.... Bulls Scored A Hat-Trick – Index Posted A Gain Of 4097 Points To Close The Month At All Time Highs...... The historical pattern for the month of April played its vital role, as index bulls kept that aggression in tact by recording the third consecutive month in gains. During the month of April, the index witnessed a minor correction till 66,573 and then there was no turning back for the bulls, who took the index to a new all time high at 73,300, before closing the month at 71,102, which is the highest ever monthly closing. Volumes from KSE-100 Index Stocks clocked at a monthly total of 4.384 Billion, which is not just up by 27% from previous month, but is the second highest monthly closing in the year 2024, so far, and indicates fearless moves by aggressive buyers.
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Outlook and Expected Levels For The Coming Week (April 30, 2024)..... Session ending as a Bearish Engulfing with lower volumes is suggesting breather from bulls, but no aggressive selling pressure based exhaustion. However, the concern is that profit taking was witnessed at the point where strong resistance was discussed in the weekly report, which indicates formation of Cycle Top. Hence we reiterate that Risk Management is important at current stage. The resistance for coming session is seen at 72,310 followed by expected top at 72,480. While support is seen at 71,270 followed by expected bottom at 70,700.
The Session Wrap Up!!! Session Witnessed Healthy Profit Taking Based Pullback Amid High Volatility – Index Corrected By 1047 Points.... The bullish momentum stalled at key resistance zone, as index witnessed a pullback by 1047 points to close the session at lowest level in 4 sessions. During the session, the index started on a positive note and posted a high of 73,300 from where healthy profit taking based pullback was witnessed that dragged the index to as lows as 71,602 before closing the day at 71,695 with a net loss of 1047. Volumes from KSE-100 Index Stocks clocked at a total of 281.36 Million, which is down by 8% from previous session and indicates that aggressive buyers took a pause.
how are you
Outlook and Expected Levels For The Coming Week (April 29 To May 03, 2024)..... The weekly closing above 72,190 keeps aggressive bulls in control, with next target zone of 72,820 to 73,270 in sight for coming week. Noting that the said range is seen as cycle top from where healthy profit taking cannot by ruled out. It also important to note that the index is forming a Rising Wedge with Negative Divergence on RSI on both weekly and daily timeframes, which further indicates that bullish momentum is likely to be completed. Hence, Risk Management is more important at the current stage. Support for the week is now tilted up at 72,220 range, while expected bottom is at 71,040.
The Weekly Session Wrap Up!!! Bull Scored A Double Hat-Trick – Index Soared By 1832 Points To Give Highest Ever Weekly Closing.... The raging bulls continued their march on the charts, as index gave the highest ever weekly closing with volumes. During the week, the index fist witnessed a minor corrective pullback to as low as 70,880 and then the bulls took it to as high as 72,862 before ending the week at 72,742 with a massive score of 1832 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.795 Billion, which is not just up by 3 Times from the previous week but is the second highest weekly total in the calendar year of 2024, so far, suggesting that aggressive buyers made fearless moves.
Outlook and Expected Levels For The Coming Session (April 25, 2024).... Session closing above 71,900 and as a Bullish Engulfing formation is suggesting that aggressive bulls care not losing control. For coming 2 sessions, the range between 72,580 & 72900 is to watch at profit taking area, as not only the Rising Wedge is having its channel top at that range, but the negative divergence in both Weekly & Daily RSI, since December 2023 high and 1.618% Fibonacci Extension from December 2023 high are suggesting cycle top may be coming. Support for the coming session is seen at the range between 71,570, followed by expected bottom at 71,050.
The Weekly Session Wrap Up!!! Bulls Made A Refreshed Comeback – Index Closed Above 72K For The First Time In History.... Despite back to back Long Upper Shadow based closings, the aggressive bulls did not lose control of the trend as index soared by 692 Points to close the session above 72K for the first time in history. During the session, the index did not just start with an upper gap, but without filling that gap it posted a high of 72,414 before closing the day at 72,051 with a massive score of 692 Points. Volumes from KSE-100 Index Stocks clocked at a total of 324.51 Million, which is not just down by 15% from previous session but is that lowest total in last 3 session, indicating that aggressive buyers preferred taking a pause.
Outlook & Expected Levels For The Coming Session (April 24, 2024)..... Back to back sessions with Long Upper Shadows, having higher volumes are suggesting healthy distribution. Having said that, it is too early to conclude that index is reaching its cycle top, as it has already broken out of a strong resistance zone of 70,200. This suggests that right now consolidation phase can be seen, but there is no major threat to the bulls, above 70,200. For the coming session, the expected range is between 71,580 & 70,860, with expected top and bottom at 71,900 & 70500, respectively
Memon sb! I am learning a lot from your reviews and discussions about KSE 100. Whenever, you do not post review of KSE-100, I missed your review a lot. Thank you and keep sharing your discussion for our learnings.  Regards
The Weekly Session Wrap Up!!! Bulls Took A Breather Amid Choppy Price Action – Index Ended Flat With A Net Loss Of 47 Points..... After reaching the suggested weekly targets , bulls took a breather as index ended flat after witnessing a roller coaster ride. During the session, the index started on a positive note and reached to as high as 71,846, from where it once again witnessed healthy profit taking that brought it to as low as 71,338 before closing the day at 71,386 with net loss of 47 Points. Volumes from KSE-100 Index Stocks clocked at a total of 383.44 Million, which is not just up by 6% from previous session but is the highest total since January 14 2024 and likewise the previous session, majority of volume was generated at a range between 71,600 & 71,850, suggesting another session with healthy distribution.
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Outlook & Expected Levels For The Coming Week (April 22 To April 26, 2024).... The weekly closing above 70,650 keeps aggressive bulls in control, as index seems to negating indications of Hyper Move. For the coming week, the index level to watch is 71680, - 71,920, followed by expected top at 72,300. Support for the week is now tilted up at 70,450 – 70,280 range, while expected bottom is at 69,800.
The Weekly Session Wrap Up!!! Bulls Recorded Longest Weekly Winning Streak In The Year 2024 – Index Closed The Week With A Gain Of 595 Points..... The week witnessed a roller coaster ride where index moved within the suggested range, as bulls recorded 6th consecutive week in gains. During the past week, the index tested the suggested resistance zone of 70,950 – 71,200, where profit taking triggered a pullback towards the suggested support range of 69,830 as the low for the week was 69,783, before closing of week at 70909. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.15 Billion, which is not just up by a whopping 180% from previous week, but is the highest weekly total since January 2024 and indicates that aggressive buyers made fearless moves, especially above 70,600.
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Outlook and Expected Levels For The Coming Session (April 19, 2024)..... The choppy price action and rangebound trading pattern is likely to continue. Most importantly, the coming session is going to be the end of week session and current candlestick formation is suggesting an Advanced Bearish Deliberation Block, which acknowledges that bulls had triggered a Hyper Move in the current week when it reached 70,950. Hence, we still suggest that it is better to avoid getting overexposed. Resistance for the session is seen at 70,570, followed by 70,750, where top for the day is likely. Support is seen at 70,000 – 69,980 range, with expected bottom at 69,450.
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