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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
73,108.25
+344.01(+0.47%)
Delayed Data

Karachi 100 Discussions

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.
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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.
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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.
The Session Wrap Up!!! Thinner Range Continued With Support Tilting Up – Index Witnessed 2nd Consecutive Session In Gain.... The thinner range continued for 10th consecutive session, as bulls kept index from falling into aggressive selling zone and scored second consecutive win. During the session, the index started on a positive note and posted a high of 45,776 and then fell into negative territory to witness a minor low of 45,581 before ending the session at 45,650 with a net gain of 59 Points. Volumes from KSE-100 Index Stocks clocked at a total of 61 Million, which is up by 29% from previous session and since majority of volume came at lower range of the session, the indication is buying attempt.
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cup and handle on day basis :)
Outlook & Expected Levels For The Coming Session (September 14, 2023).... Rejection from 45,680 range with volumes at higher range is suggesting that the dead cat bounce was treated as a selling opportunity and this further weakens the trend for coming session, where bears are likely to test the support at 45,480 – 45,400 range. Noting that since index is now expected enter a very narrow band, the bottom is expected at 45,300. While on the upside, the resistance is at 45,680 – 45,730 range, with expected top at 45,830.
The Session Wrap Up!!! Choppy Price Action Continued Haunting The Volumes – Index Witnessed Recovery By 82 Points..... The choppy price action continued for 9th straight session, as index witnessed recovery by 82 points with poorly low volumes. During the session, the index witnessed a low of 45,500 and then reached to as high as 45,732 before closing the session at 45,590 with a net recovery of  82 Points. Volumes from KSE-100 Index Stocks clocked at a total of 47 Million, which is down by 17% from previous session and is not just suggesting that not only the recovery was mainly due to short covering but selling was triggered at higher levels once again as 15 Million or as much as 32% of the day’s total was generated when index moved to 45,700 area.
Outlook & Expected Levels For The Coming Session (September 13, 2023).... The session closing below 45,610 further strengthens the bears, who are likely to drag the index towards 45,380 – 45,320 range, followed by 45,180 – 45,050 range where bottom for the day is expected. On The Upside…. The range between 45,630 – 45,700 is seen as resistance for the day, while expected top is at 45,860.
The Session Wrap Up!!! Bears Scored Second Consecutive Win – Index Lost 357 Points To Close The Session At 5 Days Low.... Exactly as discussed in the last outlook report the previous session’s closing below 45,880 strengthened the bears, who capitalized the opportunity to the fullest as not only the index broken below the first weekly support, but kept volumes away as well. During the session, the posted a high of 45,902 and then fell to as low as 45,468 before closing the session at 45,508 with  a net loss of 357 and at the lowest session closing in five days as well. Volumes from KSE-100 Index Stocks clocked at a total of 58.39 Million, which is down by 58% from previous session and is acknowledging our view that whenever volumes star generating at higher level, it is an indication of distribution, as if it was the case of accumulation the volumes had been higher today.
Outlook & Expected Levels For The Coming Session (September 12, 2023).... The session closing below 45,880 further weakens the trend and is narrowing the range further. For the coming session, the index is likely to remain choppy between 45,730 & 46,020, while the expected top for the day is at 46,230 and expected bottom is at 45,590.
The Session Wrap Up!!! The Tug Of War Continued For 6th Consecutive Session Where Bears Won The Battle By 147 Points..... The index remained stuck in a thin range, where neither the bulls nor the bears could get a breakthrough, as index lost 147 points. During the session, the index posted a high of 46,174 and then fell sharply to as low as 45,678 before closing the session at 45,865 with a net loss of 147 Points. Volumes from KSE-100 Index Stock clocked at total of 140.18 Million, which is up by 109% from the previous session and interestingly 70 Million or as much as 50% of the day’s total was generated in early hours of the session when index was trading in 46K range, which indicates that there was aggressive distribution at higher levels.
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