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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
71,468.34
+34.88(+0.05%)
Delayed Data

Karachi 100 Discussions

Outlook & Expected Levels For The Coming Session (December 01 2023).... Back to back rejection failure to hold 61K handle is suggesting that bulls are in a need of a breather. Nevertheless, the index is control of aggressive bulls, above 59,550. This concludes that volatile session is likely to be witnessed. The extremely overheated oscillators, on both Daily & Weekly timeframes, are still calling for disciplined trading ahead with trailing stops in place, which is will help in enjoying the rally in a much relaxed manner. Resistance for the day is seen at 60,990, followed by expected top for the day at 61,200. While, support is seen at 59,900, followed by expected bottom at 59,550.
The Session Wrap Up!!! Amid High Volatility Bulls Managed To Give A Positive Closing – Index Ended The Session With A Net Gain Of 29 Points.... As discussed in the last report, the index witnessed volatility, as bulls managed to close the session in positive trend. During the session, the index posted a high of 60,981 and the posted a low of 60,428 before closing the day at 60,531 with a net gain of 29 Points. Volumes from  KSE-100 Index Stocks clocked a total of 232.83 Million, which is the lowest total since November 3 2023 and suggests that constant failure to hold 61K kept aggressive buyers away.
Outlook for the Month of December 2023 & Expected Levels:.... First and foremost, the historical data for the month of December is favoring continuation of bullish aggression, as in the past 12 years, bulls have won for 8 months, while bears have won just 4 times. While, on the charts, the Three White Soldiers patter along-with volumes at 29 Months High is further strengthening the already aggressive bulls. Having said that, it is equally important to note that the oscillators on both Daily & Weekly timeframes are in extremely overheated condition that calls Risk Management, instead of just carried away, as in the last two sessions if the month index witnessed healthy corrective pullbacks. For the coming month, the bullish target for index is seen at 62,850 – 63,500 range, while range top is seen at 65900. On the Flipside, the index has got support at 58,400, followed by 57,300.
Outlook for the Month of December 2023 & Expected Levels:.... First and foremost, the historical data for the month of December is favoring continuation of bullish aggression, as in the past 12 years, bulls have won for 8 months, while bears have won just 4 times. While, on the charts, the Three White Soldiers patter along-with volumes at 29 Months High is further strengthening the already aggressive bulls. Having said that, it is equally important to note that the oscillators on both Daily & Weekly timeframes are in extremely overheated condition that calls Risk Management, instead of just carried away, as in the last two sessions if the month index witnessed healthy corrective pullbacks. For the coming month, the bullish target for index is seen at 62,850 – 63,500 range, while range top is seen at 65900. On the Flipside, the index has got support at 58,400, followed by 57,300.
Review of the Month of November 2023..... Bulls Posted A Record Breaking Rally – Index Closed With Biggest Monthly Gain In The History On PSX..... The mighty bulls kept historical trend of November in tact as they did not just give the highest ever monthly closing, but recorded the biggest monthly gain of all times as well. During the month of November, the index posted a high od 61,555 before closing the month at the ever monthly closing at 60,526 with a massive score of 8,611 Points, which is the biggest monthly gain of all times. Volumes from KSE-100 Index Stocks clocked at a total of 6.10 Billion, which is not just up 47% from previous month but is the highest monthly total since June 2021 and suggests that aggressive buyers made fearless moves.
Outlook & Expected Levels For The Coming Session (November 29, 2023)..... Session ending with a Shooting Star with higher volumes is suggesting exhaustion from bulls. Nevertheless, the bulls are in control above 59,550. This concludes that volatile session is likely to be witnessed. The extremely overheated oscillators, on both Daily & Weekly timeframes, are still calling for disciplined trading ahead with trailing stops in place, which is will help in enjoying the rally in a much relaxed manner. Resistance for the day is seen at 60,990, followed by expected top for the day at 61,750. While, support is seen at 59,990, followed by expected bottom at 59,550.
The Session Wrap Up!!! Bulls Took A Breather – Index Witnessed Biggest Intra-Day Correction Since August 31 2023..... After a strong run and winning streak of 7 sessions, the bulls took a breather, as index witnessed healthy profit taking based correction. During the session, the index posted a high of 61,555 from where it witnessed healthy profit taking based pullback to as low as 60,328, before closing the session at 60,501 with a net loss of 228 Points. Volumes from KSE-100 Index Stocks clocked a total of 343.52 Million, which is up by 2% from previous session and suggests that aggressive buyers did not play their usual move. The correction from high to  low was of 1,227 Points, marking the biggest intra-day correction since August 31 2023 and since the session ended with a Shooting Star with higher volumes, it suggests healthy profit taking along-with fresh selling orders.
Outlook & Expected Levels For The Coming Session (November 28, 2023).... As discussed in the last report, breakout above 59,770 took the index to 60,810 and now mighty bulls are aiming for 61,900 – 61,935 region. Having said that, the extremely overheated oscillators, on both Daily & Weekly timeframes, are calling for disciplined trading ahead with trailing stops in place, which is will help in enjoying the rally in a much relaxed manner. On the downside, the support is now tilted up at 60,220 – 60,150 range, while intra-day range bottom is seen at 59,770.
The Session Wrap Up!!! The Mighty Bulls Kept On Roaming Freely On Charts – Index Soared By 918 Points To Close Above 60K Mark.... The trend remained unchanged, as the mighty bulls roamed fearlessly on the charts and brought index to 60K for the first time in history. During the session, the index once again started with an upper gap, above 60K Handle, and then reached to as high as 60,845 before closing the day at 60,730 with another massive score of 918 Points. Volumes from KSE-100 Index Stocks clocked at a total of 336.6 Million, which is up by 22% from previous session and suggests that the aggressive buyers who may have been waiting for a correction in past 3 sessions, returned to the field.
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Silkbank have mercy on me , o Allah please take silkbank up to 5 rs plzzzz
Outlook & Expected Levels For The Coming Session (November 28, 2023).... The session closing above 59,770 has now paved path for 60,810, followed by 61,900 for rest of the week. Having said that, the extremely overheated oscillators, on both Daily & Weekly timeframes, are suggesting that instead of taking fresh and aggressive positions, it is better to keep trailing stops and enjoy the rally. The resistance for coming session is seen at the range between 60,350 – 60,810 range, while stronghold above 60,990 will be calling 61,900. On the downside, the support is now tilted up at 59,450, while intra-day range bottom is seen at 58,880 – 58,770.
The Session Wrap Up!!! An  Fearless Move By The Bulls Despite Intra-Day Jitters – Index Broke Another Strong Resistance At 59,770.... Yet again, the fearlessly aggressive bulls rejected signs of exhaustion and volatility, as index broke another strong resistance of 49,770 and closing the session with a massive gain of 724 Points. During the session, the index witnessed some profit taking based pullback to as low as 58,999 from where the mighty bulls came into field and pushed the index above 59,770 tp post a high of 59,896 before ending the session at 59,811 with a massive gain of 724 Points. Volumes from KSE-100 Index Stocks clocked at a total of 276.85 Million, which is marginally down by 2 Million from previous session and indicates that aggressive buyers moved from KSE-100 Index Stocks to second and third tier stocks.
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Outlook & Expected Levels For The Coming Week (November 27 To December 01, 2023)... The coming week is likely to witness healthy profit taking based correction. The resistance for coming week is seen at the range of 59,150 – 59,600, while expected top is at 59,770. While support is seen a the range of 58,450 – 58,300 range, with expected bottom at 57,700.
Outlook & Expected Levels For The Coming Week (November 27 To December 01, 2023).... The coming week is likely to witness healthy profit taking based correction, as not only the index is having extremely overheated oscillators or both Daily & Weekly Timeframes, but the last session of past week ending with a Bearish Doji Star formation and getting choked at 59,050 – 59,100 region suggests completion of mid-term bullish cycle as well. The resistance for coming week is seen at the range of 59,150 – 59,600, while expected top is at 59,770. While support is seen a the range of 58,450 – 58,300 range, with expected bottom at 57,700.
Outlook & Expected Levels For The Coming Week (November 27 To December 01, 2023).... The coming week is likely to witness healthy profit taking based correction, as not only the index is having extremely overheated oscillators or both Daily & Weekly Timeframes, but the last session of past week ending with a Gravestone Stone and getting choked at 59,050 – 59,100 region suggests completion of mid-term bullish cycle as well. The resistance for coming week is seen at the range of 59,150 – 59,600, while expected top is at 59,770. While support is seen a the range of 58,450 – 58,300 range, with expected bottom at 57,700.
The Weekly Session Wrap Up!!! Bulls Kept On Achieving Record Breaking Highs And Recorded Biggest Weekly Winning Streak Since 2020.... The fearlessly aggressive bulls rejected signs of exhaustion and volatility, as index achieved a new milestone of 59K. During the week the index first witnessed a low of 56,738 and then raced to as high as 59,502, before ending the week at 59,086 with yet another massive score of 2,2023 and posting the biggest weekly winning streak since the year 2020. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.523 Billion, which is down by 4% from previous week and indicates that aggressive buyers preferred taking a watchful stance.
Extremely overbought market. A healthy correction is required.
Dear friend, where do you see the market in the coming week and how much correction ?
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Silkbank please chal ja tuja Allah pak ka wasta ha 🙏🏻🙏🏻🙏🏻😭😭😭
Outlook & Expected Levels For The Coming Session (November 23, 2023).... The bulls have broken consolidation phase and are now aiming for the eventual level in the current cycle, i.e. 58,670 – 59,050 range and this is where healthy profit taking as well as some fresh selling orders are likely to be seen. While on the downside, support is seen at the range of 57,700 – 57,200. We reiterate that Trailing The Stop-losses, Instead Of Just Getting Carried Away, Is Highly Important.
The Session Wrap Up!!! Aggressively Crazy Bulls Broke The Consolidation Pattern – Index Achieved A New Milestone Of 58K..... The aggressively crazy bulls broke above consolidation, as index achieved another milestone by closing the session above 58K for the first time and created history. During the session, the index had yet another gapped opening and then without going into negative territory it marched to as high as 58,405 before closing the session at 58,198 with a massive gain of 827 Points. Volumes from KSE-100 Index Stocks clocked at a total of 256.57 Million, which is not just down by 28% from previous session but is the lowest intra-day total since November 14, 2023 and indicates that despite index crossing 58K mark, buyers did not go for aggressive buying.
Outlook & Expected Levels For The Coming Session (November 21, 2023).... Despite closing of the day above 57,300, the overall structure in suggesting that consolidation is likely to continue within a thin range. The said range is likely to have support at 57,115, followed by expected bottom for the day at 56,750. While resistance is seen at the range of 57,520 – 57,760. We reiterate that Trailing The Stop-losses, Instead Of Just Getting Carried Away, Is Highly Important.
The Session Wrap Up!!! Bulls Rejected Volatility And Remained Aggressive On Charts – Index Soared By 293 Points.... The trend remained unchanged and this time the bulls rejected volatility and thin by keeping the in green zone throughout the day. During the session, the index started with an upper gap and without going into negative territory it reached to as high as 57,691 before ending the day at 57,371 with a net gain of 293 Points. Volumes from KSE-100 Index Stocks clocked at a total of 355.67 Million, which is up by 13% from previous session and indicates that one sided move encouraged aggressive buyers to make their move.
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