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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
72,086.02
+726.62(+1.02%)
Closed

Karachi 100 Discussions

Outlook & Expected Levels For The Coming Session (September 28 , 2023).... The symmetrical triangle is likely to end by September 28 or October 2, and this end cannot just give direction for further move, but is likely to trigger volumes as well. Till then, the range bound activity is likely to keep index in a choppy price action.  For the coming session, the upside is seen limited till 46,430 – 46,510 range, while downside is likely to be restricted at the range of 46,280 – 46,175.
The Session Wrap Up!!! Choppy Price Action Within Symmetrical Triangle Continued – Bulls Closed The Session With A Gain Of 87 Points.... There was no change in trend, as index remained stuck in a range bound activity within the suggested symmetrical triangle, as neither the bulls nor the bears could make an aggressive move and index closed the session with a net gain of 87 points. During the session, the index witnessed a low of 46,238 and then bounced to as high as 46,448 before ending the session ar 46,365. Volumes from KSE-100 Index Stocks clocked at a total of 91.9 Million, which is down by 4% from previous session and indicates that the symmetrical triangle is not letting anyone make aggressive move.
Outlook & Expected Levels For The Coming Session (September 27 , 2023).... The symmetrical triangle is likely to end by September 28 or October 2, and this end cannot just give direction for further move, but is likely to trigger volumes as well. Till then, the range bound activity is likely to keep index in a choppy price action.  For the coming session, the bears are seen gaining strength below 46,330 with 46,210 – 46,150 range as fist target zone, followed by 46,100 – 46,050 range, where bottom of the triangle is seen. While, the resistance is now formed at 46,380 and index bulls need a breakout above 46,510 for a stronger move towards 46,770 – 46,970 where top of the triangle is seen.
The Session Wrap Up!!! Choppy Price Action Within Symmetrical Triangle Continued – Bears Recorded Second Consecutive Victory... The index remined stuck in a range bound activity within the suggested symmetrical triangle, as index dropped by 85 Points. During the session, the index posted a high of 46,503 and then fell to as low as 46,258 before closing the session at 46,277. Volumes from KSE-100 Index Stocks clocked at a total of 95.62 Million, which is up by 6.5% from previous session and suggests that some accumulation was carried out during intra-day fall, especially near bottom of the Symmetrical Triangle.
Outlook & Expected Levels For The Coming Session (September 26 , 2023).... The symmetrical triangle is likely to keep index in a choppy price action till end of the week. Having said that, closing above 46,330 is seen as a good omen for the bulls, who can test 46,530 – 46,590 in coming session, with expected top at 46,645 – 46,690. While, the support is seen at 45,280 with expected bottom at 46,150.
The Session Wrap Up!!! Roller Coaster Ride Witnessed Within Symmetrical Triangle – Index Lost 27 Points... The suggested symmetrical triangle kept index in a narrow range, where neither the aggressive bulls, nor the bears could make a move, as index closed the session with a loss of 27 points with volumes remaining at poor total. During the session, the index posted a high of 46,590 and then came under profit taking based selling to witness a low of 46,305 before closing the session at 46,393 with a net loss of 27 Points. Volumes from KSE-100 Index Stocks clocked at a total of 89.59 Million, which is down by 5% from previous session and suggests that Friday’s Hanging Man played its vital role by scaring away aggressive buyers.
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Outlook & Expected Levels For The Coming Week (September 25 To September 29 , 2023)... The weekly closing with a Bullish Engulfing with lower volumes is once again suggesting that bears have taken a breather with no aggressive bullish indication, yet. While, the symmetrical triangle major factor that is likely to keep the index in a range bound activity. For the coming week, the index has strong resistance at 46,730 – 46,770 area, with expected top at 46,900 – 46,930 region. Sell On Strength shall be the strategy for the week with target at 46,050, followed by 45,780.
The Weekly Session Wrap Up!!! Bull Won The Battle With A Weekly Gain 667 Points. Symmetrical Triangle Kept Volumes Away.... Exactly as suggested in the last weekly outlook, the index remained choppy withing symmetrical triangle and volumes remained thin, as bulls regained control on the charts with a net weekly gain of 667 points. During the past week, the index witnessed a low of 45,662 and then posted a high of 46,500 before closing the week at 46,421 with a net gain of 667 Points and at the highest closing in 4 weeks, as well. Volumes from KSE-100 Index Stocks clocked at a weekly total of 310.5 Million, which is down by 30% from previous week and suggests that the gains were mainly due to aggressive short covering. Moreover, the highest volume in the week was generated in last session of the week where index closed with a Hanging Man formation, suggesting that selling was triggered once again.
100 dkd
Outlook & Expected Levels For The Coming Session (September 22, 2023).... The index is likely to remain in the triangle formation and the way volumes have increased above 46,050, it is suggesting aggressive distribution, which is not a good omen for sustainable recovery that can result in a bull trap. Hence, cautious approach shall be adopted. For the coming session, the index is having strong resistance at 46,360 – 46,400 range, while expected top is at 46,770. While, support is now tilted up to 45,990 – 45,930 range, with expected bottom at 45,700 – 45,650 range.
The Session Wrap Up!!! Bulls Made An Impressive Comeback From Symmetrical Triangle Bottom – Index Recorded A Net Gain Of 312 Points... A wild roller coaster ride session was witnessed where index swung between big losses and gains, as bulls recorded a gain by 312 points. During the session, the index witnessed a low of 45,733, where bottom of the symmetrical triangle protected it from falling into bear zone and then bulls took charge by taking the index to as high as 46,309 before closing the session at 46,202 with a net gain of 312 Points. Volumes from KSE-100 Index Stocks clocked at 74 Million and despite being up by 80% from previous session, this once again suggesting that it was distribution at higher zone, as 30% of as much as 40% of the day’s total was generated during last one hour of the session, when index was trading above 46,050 handle.
irshad khan
Outlook & Expected Levels For The Coming Session (September 21, 2023)... As discussed in the last report, index is stuck in symmetrical triangle and is likely to remain in this scenario for next 4-6 sessions. This is not just keeping index n an indecisive price action, but is also likely to reduce the volumes further. Hence, it is better to remain thin on exposures and just play the range. The expected support for the coming session is at 45,770 – 45,700 range with expected bottom at 45,480. While the resistance is seen at 45,990 – 46,030 with expected top at 46,145.
The Session Wrap Up!!! Indecisive Price Action Kept Aggressive Both Bulls & Bears At Benches – Poor Volumes Suggest That No Interest Prevails.... Likewise the previous session, there was no change in the trend, as the narrow band and indecisive price action kept both aggressive bears and bulls from making any move and kept index in a range bound activity. During the session, the index posted a high of 46,035 and then witnessed selling till 45,808, before ending the session at 45,889 with a net loss of 20 Points. Volumes from KSE-100 Index Stocks clocked at a total of 46.25 Million, which is down by 20% from previous session is once again acknowledging the symmetrical triangle is keeping both aggressive buyers and sellers away.
Outlook & Expected Levels For The Coming Session (September 20, 2023)... The index is stuck in symmetrical triangle and is likely to remain in this scenario for next 4-6 sessions. This is not just keeping index n an indecisive price action, but is also likely to reduce the volumes further. Hence, it is better to remain thin on exposures and just play the range. The expected support for the coming session is at 45,650, followed by expected bottom at 45,400. While resistance is seen at 46,990 with expected top at 46,145
The Session Wrap Up!!! Indecisive Price Action Kept Aggressive Both Bulls & Bears At Benches – Poor Volumes Suggest That No Interest Prevails... There was no change in the trend, as the narrow band and indecisive price action kept both aggressive bears and bulls from making any move and kept index in a range bound activity. During the session, the index posted a high of 46,036 and then despite healthy profit taking, it managed to remain in positive territory to close the session at 45,910 with a net gain of 107 Points. Volumes from KSE-100 Index Stocks clocked at a total of 57 Million, which despite being up by 50% from previous session is still not suggesting any healthy buying interest as the highest volume in the day was generated when index reached to its session highs and that volume was 31% of the day’s total, suggesting that it was distribution at higher level.
stay away from this index. As PKR rise, so does index. now it's time for PKR to fall once again into new lows and imagine the levels this market will show after the crash
Outlook & Expected Levels For The Coming Session (September 19, 2023).... As being discussed in the past 2 reports, the index symmetrical triangle is not just keeping index n an indecisive price action, but is also likely to reduce the volumes further. Hence, it is better to remain thin on exposures and just play the range. The expected support for the coming session is at 45,650, followed by expected bottom at 45,400. While resistance is seen at 46,930 with expected top at 46,050
The Session Wrap Up!!! Indecisive Price Action Kept Aggressive Both Bulls & Bears At Benches – Index Witnessed Lowest Volume Since Mid April.... The narrow band and indecisive price action kept both aggressive bears and bulls from making any move, as volumes from KSE-100 Index Stocks clocked at the lowest total since April 19, 2023. During the session, both the bears and bulls were unable to get a breakthrough, as index posted a high of 45,9070 and then witnessed a low of 45,662 before closing the day at 45,803 with a net gain of 49 Points. Volumes from KSE-100 Index Stocks clocked at a total of just 38.48 Million, which is the lowest intra-day total since April 19 2023 and confirms that the Symmetrical Triangle Formation is haunting traders of both sides.
What nonsense. Pakistan economy is only good on papers. Always green but reality says it all
Outlook & Expected Levels For The Coming Week (September 18 To September 22, 2023)... The weekly closing with a Hanging Man  formation along-with higher volumes is suggesting that bears are making a comeback after one week of breather. However, the structure on Daily Timeframe is suggesting that index is in a Symmetrical Triangle, which keeps index in an indecisive price action that can hurt the volumes. Hence ideally, the choppy trading with negative bias is likely to continue. For the coming week, the index has resistance between 45,950 & 46,290 range with expected top at 46,500. While support is seen at the range between 45,350 & 45,100 with expected bottom at 44,900.
The Weekly Session Wrap Up!!! Dead Cat Bounce Resulted In Selling – Index Lost 259 Points With Hanging Man Formation.... Exactly as discussed in the last outlook report, the breather Harami Bullish based closing in previous week was proven as a breather from the bears that resulted in selling, as bears recorded another weekly win by 259. During the past week, the index remained within the suggested range of 46,300 and 45,60, as it posted a high of 46,174 and then fell to as low as 45,468 before ending the week at 45,753 with a net weekly loss of 259 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 447 Million, which is up by 27% from previous week and the week ended with a Hanging Man formation, it is suggesting selling.
I am poor man please help me
Outlook & Expected Levels For The Coming Session (September 15, 2023).... It was the second consecutive session to have an Inverted Hammer based closing and this time the volumes were generated at lower range, which suggests buying interest, which gives upper hand to the bulls, for coming session. However, the point of concern is that the weekly candle is forming a Dark Cloud Cover and even if the week ends on a positive note, the Dark Cloud will be converting into a Hanging Man and both the patterns will be suggesting that previous week’s Harami Bullish formation is negated. Hence, one should not be getting carried away, instead more discipline in trading is the need. Index is likely to face resistance at 45,860 – 45,930 range with expected top at 46,290. While, support is seen at 45,550 – 45,480 range, white bottom expected at 45,180.
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