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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
72,445.83
+474.42(+0.66%)
Delayed Data

Karachi 100 Discussions

The Weekly Session Wrap Up!!! Bulls Recorded 4th Consecutive Weekly Gain – Index Ended The Week At 2nd Highest Level Of All Times... The index closed yet another week in gains, as aggressive bulls kept their firm grip, despite some profit taking based jitters. During the week, the index posted a high of 51,520, before closing the week at 50,943 with a net gain of 211 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 903.41 Million, which is down by 20% from previous week and since the week ended with a Doji Star & and Advanced Bearish Deliberation Block the low total suggests less participation from aggressive buyers.
Outlook & Expected Levels For The Coming Session (October 27 , 2023).... Second consecutive session with rejection from 51,500 region along-with back to back Long Upper Shadow suggests that index bulls are in a need of a breather and confirms that index is in consolidation phase. Since coming session is going to be the end of week session, it is to be noted that the current candlestick formation is suggesting an Advanced Bearish Deliberation block on weekly terms and, which is likely to keep the upside limited in the days to come. Hence it is the need of the day to work with trailing stop-loss. The support for coming session is seen at 50,960 – 50,800 range. Noting that the stop-loss shall be placed at 50,750 as breach of this can aggravate selling till 50,330 – 49,990 range. While resistance is seen at 51,350 – 51,550 range.
The Session Wrap Up!!! Amid Consolidation & Thin Range Bulls Managed To End The Session In Positivity – Index Closed With 8 Points Gain.... The a roller coaster ride was witnessed in the session, as index swung between gains and losses within a thin range before ending the session flat with a gain of 8 Points. During the session, the index started with an upper gap and posted a high of 51,520 from where it came under profit taking and tell into negative territory to test a low of 51,140 before closing the day at 51,185. Volumes from KSE-100 Index Stocks clocked at total of 175 Million and since the session ended with a Long Upper Shadow, it suggests healthy distribution, especially in the first 3 hours of the session when index moved towards 51500 and the volume total was 66 million or as much as 38% of the day’s total.
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Outlook & Expected Levels For The Coming Session (October 25 , 2023).... The session closing with a Long Lower Shadow negated previous session’s Shooting Star and the bounce from 50,600 handle suggests that healthy correction id carried out. For the coming session, the consolidation is likely to continue with a thin range between 51,335 & 50,850, while expected top and bottom is seen at 51,550 & 50,300.
The Session Wrap Up!!! Bulls Took A Breather – Index Witnessed Correction By 42 Points.... The three days long winning streak of bulls was snapped, as index bulls took a breather and let the index correct by 42 Points. During the session, the index started with an upper gap and reached to as high as 51,121 from where it came  under profit taking based pullback to witness a low of 50,624, before closing the day at 51,027. Volumes from KSE-100 Index Stocks clocked at a total of 145 Million, which is not just down by 22.8% from previous session but is the 4th consecutive low, suggesting that aggressive buyers preferred to remain aside. However, the activity of last 60 minutes suggests that healthy short covering along-with buying interest carried out as 48 Million or as much as 31% of the day’s total was generated in that time and pulled the index from 50,700 to 51K area.
Outlook & Expected Levels For The Coming Week (October 23 To October 27 , 2023).... The weekly closing above 50,300 is keeping aggressive bulls in control for the coming week with 51,150 – 51,350 in sight. Having said that, it is important to note that not only the Daily & Weekly RSI is in Highly Overbought region, it is having Negative Divergence as well. Hence keeping stops at 49,900 can keep the portfolio safe from volatility, as breach of this level can keep profit taking in-tact till 49,300 to 48,900, followed by 48,450. Above 51,350 the upside can extend till 51,940 to 52,430 range where top for the week is likely to be seen.
The Weekly Session Wrap Up!!! The Bulls Scored A Hat-Trick On Weekly Terms – Ended The Week At Highest Level Since Mid May 2017.... The aggressively crazy bulls continued their march on the charts witch third consecutive weekly win, as index ended the week at highest level since late May 2017. During the week, the index witnessed a low of 49,317 and posted a high of 50,952 before ending the week at 50,731 with a net weekly gain of 1,238 Points. Volumes from KSE-100 Index Stocks clocked at weekly total of 1.13 Billion which is marginally down by just 2% from previous week and suggest aggressive change of hands at multi year highs which is a sign of distribution too.
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Outlook & Expected Levels For The Coming Session (October 19, 2023)... Constant failure to surpass 49,900 and closing below 49,500 with 3rd consecutive decline in volumes is suggesting that the major supply zone has played its vital role in restricting the index and now a healthy correction is about to start. For coming session, the index support is seen at 49,140 – 49,070 range, where stop-loss shall be placed as breach of this can expose the index to 48,875 – 48,700 range. Resistance for the day is seen at 49,630, followed by expected top at 49,900 range.
The Session Wrap Up!!! Corrective Pullback Continued For 2nd Consecutive Session – Index Lost 99 Points With Lowest Closing In 4 Days.... The breather from bulls continued for 2nd consecutive session, as index remained under corrective pullback to close the session at lowest in 4 days. During the session, the index posted a high of 49,740 and then fell to as low as 49,383 before closing the session at 49,431 with a net loss of 99 Points. Volumes from KSE-100 Index Stocks clocked at a total of 157.19 Million, which is not just down by 29% from previous session but is the total since October 09 and is clearly indicating that the aggressive buyers who were making big moves at 50K handle preferred reaming aside during correction and this is what we always suggest, Volumes at Higher Side is a Sign of Distribution.
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The Session Wrap Up!!! Longest Bullish Broken – Index Witnessed Healthy Profit Taking With A Net Loss Of 200 Points..... The aggressive bulls took a breather, as index rally took a pause at major supply zone. During the session, the index witnessed a new 7 Years High of 50,017 from where it witnessed a healthy profit taking pullback till 49,508 before closing the session at 49,531 with a net loss of 200 Points. Volumes from KSE-100 Index Stocks clocked at a total of 221 Million, which is down by 25% from previous session an is indicating that aggressive buying took a pause at major supply zone.
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I am very poor help me
Correction coming soon
Solomon your target was 60k plus? Is it still intact? And what are your top picks to keep in portfolio for next 1 to 2 years?
Outlook & Expected Levels For The Coming Session (October 17, 2023)... Session closing as a Doji with low volumes is suggesting that bulls are in a need of a breather and that breather can call healthy profit taking. As indicated in the weekly report, the range between 49,900 & 50,750 can act as a major supply zone, which is trading with caution is advised at current stage. The support for coming session is seen at 49,270, followed by 49,020, where stop-loss shall be placed as breach of this can expose the index to 48,550 – 48,350 range. Resistance for the day is seen at 49,930 – 50,130 range.
The Session Wrap Up!!! Another Feather In The Cap For Bulls -  Consecutive Bullish Sessions Make It The Biggest Winning Streak Since 2020... The unstoppable and aggressively crazy bulls remained strong, despite intra-day jitters, as index closed the session with 11th consecutive bullish session. During the session, the index first posted a high of 49,919 and then came under profit taking to witnessed a low of 49,317 before closing the session at 49,731 with a net gain of 237 Points. Volumes from KSE-100 Index Stocks clocked at a total of 296.30 Million, which is down by 27% from previous session and indicates that intra-day volatility kept aggressive buying away.
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Outlook & Expected Levels For The Coming Week (October 16 To October 20 , 2023).... The weekly closing above 49,300 is yet another strong breakout, as no weekly closing is witnessed above this level since June 2017 and this keeps the bullish momentum in-tact with 49,900 in sight as first target, followed by a major resistance zone at the range between 50,300 & 50,750, where weekly top is likely to be seen, which can act as a major supply zone. Hence, trade with caution. Support for the coming week is seen at 49,130, followed by 48,880. Keep Stop-Loss at 48,800 as breach of this can aggravate selling till 48,250 – 47,900 range.
The Weekly Session Wrap Up!!! The Roaring Bulls Broke 6 Years High – Index Posted At Highest Weekly Closing Since June 2017... The unstoppable and aggressively crazy bulls kept euphoria in tact, as index did not only score the highest weekly gain since July 2023, but posted the highest weekly closing since June 2017 as well. During the past week, the index witnessed a minor correction till 47,217, from where the bulls made a reenergized move to as high as 49,520, before closing the week just off the highs at 49,493 with a massive weekly score of 1,999 Points, the biggest weekly score since July 2023. Volumes from KSE-100 Index Stocks clocked at a total of 1.155 Billion, which is the biggest weekly total since the week ending in July 2023 and indicates that aggressive buyers were active in the market.
Outlook & Expected Levels For The Coming Session (October 13, 2023).... Closing above 48,680 means first big of 48,580 hurdle is surpassed and now the key turning point is lying at 48,880. Bulls need weekly closing above this region in order to make it towards 49,265 – 49,300, followed by 50,500. However once again, the point of concern remains Negative Divergence on 30 Minutes & 60 Minutes Timeframe, along-with aggregative volumes coming at higher levels, instead of an corrective pullback, which suggests distribution. Hence, it is better to work with caution and adopt Risk Management below 48,380 as breach of this can drag the index towards 48,050 to 47,750 range in a speedy manner, followed by 47,450.
The Session Wrap Up!!! Bulls Recorded 9th Consecutive Win & Equalized The Longest Winning Streak Last Seen In Late Jul To Early August.... Despite early jitters, the bulls remained strong, as the north bound trend continued for 9th consecutive session, equalizing the biggest winning streak seen in July to August. During the session, the witnessed a low of 48,359 and then marched to as high as 48,830 before closing the session at 48,771 with a net gain of 297 Points. Volumes from KSE-100 Index Stocks clocked at a total of 223 Million, which despite being down by 19% form previous session, is suggesting aggressive distribution as 62 Million or as much as 28% of the day’s total was generated during last 60 Minutes when index was between 48,700 & 48,830 range.
Outlook & Expected Levels For The Coming Session (October 12, 2023).... closing above 48,250 means further strength in bulls with 48,580 – 48,620 range in sight as next target for the coming session, with expected top at 48,880. While, as discussed in last report, is important to note that the range between 48,380 & 48,880 is the make or break level for the bulls as the session closing above 48,880 will be putting 49,265 – 49,300 on cards, where top of the trendline from May 2017 high of 53,130 to  August 2023 high of 49,400 is lying.  Having said that, the most important point to note is that since the intra-day and intra-week indicators are in extremely overheated region, any move on the upside, can result in aggressive profit taking. Volumes coming at higher region is a clear indication of aggressive distribution too. Hence, it is better to work with caution and adopt Risk Management below 48,100 as breach of this can drag the index towards 47,615 to 47,430 range in a speedy manner.
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