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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
72,086.02
0.00(0.00%)
Delayed Data

Karachi 100 Discussions

Outlook & Expected Levels For The Coming Session (January 31, 2024)..... Closing of the session below 62,600 has now pushed the index in aggressively bearish trend and in last session it tested the bearish target of 61,600, as mention in weekly outlook. For the coming session, the end of month based high volatility cannot be ruled out, and since the intra-day oscillators are in highly oversold region, the first two hours can keep both bears and bulls at the edge of their seats. Support for the session is seen at 61,050 – 60,950 range, while resistance comes at 62,450 – 62,650 range. Most importantly, the monthly closing below 62,500 will be seen as seen as a very negative closing which will keep index exposed to 58,600.
The Session Wrap Up!!! Aggressive Bearish Remained In Control – Bloodbath Took Out 932 Points From The Index .... The bloodbath continued for second consecutive session, as index witnessed another intra-day fall by 1000 points to close the session below 50-DMA for the first time since October 2023. During the session, the once again witnessed a lower gapped opening and without being able to move into positive territory, it fell to as low as 61,637 before closing the day at 61,841 with a massive loss of 932 Points. Volumes from KSE-100 Index Stocks clocked at a total of 233.75 Million, which is not just up by 44% from previous session but is the highest total in last session and indicates that the massive dip was taken as an opportunity to star accumulation, especially in the last 30 Minutes when index fell to 41,637 and volumes were at 47.8 Million, which is 20.44% of the day’s total.
Outlook & Expected Levels For The Coming Session (January 30, 2024)..... Closing of the session below 62,900 and as Three Black Crows formation is further strengthening bears who have established a target of 62,600 – 62,450 for the coming session and this is the range to watch, as a session closing below 62,450 will be pushing the index from Neutral zone to Bearish and expose the downside targets as mentioned in the weekly report. On the upside, the last strong support at 63,050 – 63,110 one is now seen as resistance, with expected top at 63,430.
The Session Wrap Up!!! Bears Scored A Hat-Trick And Dragged The Index At Lowest Closing In The Month Of January 2024..... The index witnessed bloodbath, as aggressive bears made a comeback on charts and dragged the index to lowest closing in the month of January 2024 so far. During the session, the index did not just start with a lower gap, but remained under pressure throughout the session and witnessed a bloodbath of more than 1000 Points where it fell to as low as 42,717 before ending the day at 42,773 with a massive loss of 1039 Points. Volumes from KSE-100 Index Stocks clocked at a total of 162.23 Million, which is down by 23.5% from previous session and indicates that there was no buying interest in the market, despite a fall by 1000 points.
62717 not 42717
KSE100 INDEX IN ABC CORRECTION.
Outlook & Expected Levels For The Coming Week (January 29 To February 02, 2024)..... Weekly closing as an Inverted Hammer negates the previous week’s Evening Star. However, the volumes from higher side are still suggesting that the higher prices were treated as an opportunity to sell. This concludes that choppy price action is likely to continue in the coming week and unless the week ends above 65,750, any higher side is likely to be considered as selling opportunity. Index will be pushed out of the Neutral zone and aggressive bears will be taking control, below 62,600, as this is the Weekly -10 MA zone and breach of this can drag the index to 62,150 – 61,600 range in a speedy manner, followed by 58,600. On the upside, the resistance is now seen at 64,050 – 64,260 zone and the expected top is at 64,970 – 65,100.
nice work sir
Analysis for Next week Memon sb?
The Weekly Session Wrap Up!!! Bulls Attempted A Comeback – Week Ended With A Gain Of 530 Points..... The bulls attempted a comeback in past week and negated the Evening Star based indications of aggressive sell-off, as index witnessed a healthy recovery by 530 Points. During the past week, the index witnessed a low of 63,130 and then bounced to as high as 65,213 from where another round of selling pushed it below 64K to end the week at 63,813 with a net gain of 530 Points. Volumes from KSE-100 Index Stocks clocked at a total of 1.24 Billion which despite being up by 12% from previous week is suggesting that it was distribution from higher levels, as 568 Million or as much as 45% of the week’s total volume was generated when index was trading between 64,600 & 65,200 range.
Outlook & Expected Levels For The Coming Session (January 26, 2024)..... The session closing as a Bearish Engulfing & Advanced Bearish Deliberation Block formation with higher volumes is suggesting Pump N Dump action in aggressive manner, which is making 65,700 a hard ceiling top and adding confirmation to the view that healthy correction is on cards. For the coming session, the index support at 63,975, followed by 63,650. Noting that weekly closing below 63,400 can transform correction into bearish reversal. Resistance is now seen at the range between 64,600 – 64,730 with expected top at 64,900 – 64,960.
The Session Wrap Up!!! Bullish Momentum Stalled At Key Resistance Level – Index Witnessed Drop By 524 Points & Ended Session At 3 Days Low.... The bulls lost control at key turning point resistance, as index failed to capitalize the opportunity provided by previous session’s Three White Soldiers based closing. During the session, the index started on a bullish note and reached to as high as 65,213 from where it witnessed aggressive selling and dropped to as low as 64,180 before closing the day at 64,298 with a loss of 524 Points and at the lowest closing in last 3 sessions. Volumes from KSE-100 Index Stocks clocked at a total of 290.52 Million, which is not just up by 4% from previous session but is the highest total since January 12 2024 and since the index closed the day with a Bearish Engulfing & Advanced Bearish Deliberation Block, this kind of total is suggesting Pump N Dump action in an aggressive manner, especially in the first 2 hours of the day when index traded above 65,100 and volume generation was 114 Million or as much as 39% of the day’s total.
Outlook & Expected Levels For The Coming Session (January 25, 2024).... The session closing above 64,600 and as Three White Soldiers formation with increasing volumes is suggesting that not only bulls have negated previous session’s Hanging Man, but have attempted a breakout as well. To confirm this breakout, the watchout level is 65,700 and till then range bound activity shall be carried out with main focus on trailing stops. Resistance for coming session is seen at 64,980, followed by 65,480. While support is tilted up at 64,380 followed by expected bottom at 64,050.
The Session Wrap Up!!! Bulls Scored A Hat-Trick | Index Recorded A Gain Of 368 Points With Increasing Volumes.... Unlike the previous two sessions, the bulls remained in control right from the start of the session, as after an upper gapped opening and without going into negative zone, the index recorded a rally of 368 points. During the session, the index started at 64,460 and then raced to as high as 65,063 before ending the day at 64,822. Volumes from KSE-100 Index Stocks clocked at a total of 278.31 Million which is not just up by 6.5% from previous session, but is also the highest in last 8 sessions and since the session ended as a Three White Soldiers formation, it suggests aggressive buying.
Outlook & Expected Levels For The Coming Session (January 24, 2024).... The session ending as Hanging Man with much higher volumes is not a good omen for the continuation of recovery and bullish momentum, as this pattern suggests some hesitation from aggressive bulls and therefore the price action of coming session is vital. For the coming session, the index has resistance at the range between 64,780 followed by expected top at 64,900. While support is now tilted up at 64,150 and in case this level is breached, the next level to watch as bottom for the day or threshold between recovery and another leg of bearish move, would be 63,650 – 63,500.
The Session Wrap Up!!! Bulls Scored Second Consecutive Win – Index Recorded A Gain By 514 Points With Higher Volumes..... After yet another roller coaster ride, the bulls remained victorious for second consecutive session, as index recorded another session of aggressive gains. During the session, the index witnessed big swing as it first witnessed a low of 63,549 and then bounced to as high as 64,658 before ending the session at 64,454 with a net gain of 514 Points. Volumes from KSE-100 Index Stocks clocked at a total of 261.11 Million, which is not up by 32% from previous session but is the highest intra-day total since January 12 2024 and since the session ended as a Hanging Man formation, this kind of volume is not a good omen for recovery.
only ogdc,ppl,prl,KAPCO pso+very other mostly negative ..... what is this unbalanced market,,,if tomorrow ogdc ,ppl,pso will perform negative where will be the bullish market
Outlook & Expected Levels For The Coming Session (January 23, 2024)... The session ending as Bullish Engulfing with better volumes is favoring further recovery. For the coming session, the index is likely to hit the range of 64,180 – 64,280 in the first half. While, stronghold above 64,400 on hourly closing with higher volumes will be paving path for 64,780 – 64,900 range, where top for the day is expected. On the downside, the support is seen at 63,490, while expected bottom is at 63,050. Most importantly, the index bulls need stronghold above 65,700, on weekly closing terms, to be able to shrug off aggressive selling. Till then, play the range with small exposure.
The Session Wrap Up!!! Bulls Made An Aggressive Comeback – Index Recorded A Gain Of 657 Points With Better Volumes.... Amid roller coaster ride, index bulls won the battle as index recorded the highest intra-day gain January 11 2024. During the session, the index first witnessed a low of 63,139 and then bounced to as high as 64,090 before ending the day at 63,969 with a net gain of 657 Points, the highest intra-day gain since January 11 2024. Volumes from KSE-100 Index Stocks clocked at a total of 197.28 Million, which is up by 35% from previous session and suggests that aggressive buyers attempted a move, especially above 63,600 range as nearly 29% of the day’s total was generated after an intraday move above 63,600.
73 k is comin
70_73k is coming
Outlook & Expected Levels For The Coming Week (January 22 To 26, 2024).... Weekly closing as an Evening Star is suggesting index is about to be pushed out of the Neutral zone and aggressive bears are about to take control. In the coming week, the support at 62600 is to watch, as this is the Weekly -10 MA zone and breach of this can drag the index to 62,150 – 61,600 range in a speedy manner, followed by 58,600. On the upside, the resistance is now tilted down to 63,910 – 64,050 zone and the expected top is at 64,790.
The Weekly Session Wrap Up!!! Bears Remained In Control For Second Consecutive Week – Index Lost 1356 Points To End At Lowest In 3 Weeks.... The bears remained in control for second consecutive week, as the previous week’s Bearish Doji Star did not just limited the gains at a lower high but dragged the index to close at lowest in 3 weeks as well. During the past week, the index posted a high of 65173 and then fell sharply to as low as 62528 before ending the week at 63,282 with a massive loss of 1356 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.18 Billion, which is not just down by 29% from previous week but is the lowest weekly total in last 10 weeks and since the week ended at the lowest level in last 3 weeks, the volumes indicate that buyers were scared of making any aggressive move.
Outlook & Expected Levels For The Coming Session (January 18, 2024).... Session closing as a look alike of a Doji with better volumes is suggesting breather from bears. However, there is no indication of any bullish reversal as not only the index failed to sustain itself above 63,800, but the intra-day oscillators are losing momentum as well. For the coming session, the resistance is now tilted down to 63,780 with expected top at 64,050. While, support is seen at 63,330 followed by expected bottom at 63,050.
The Session Wrap Up!!! Hat-Trick Scored By The Bears – Index Lost 164 Points Amid Choppy Price Action.... Exactly as discussed in the last outlook report, the index witnessed choppy and indecisive price action within the suggested range of 63,260 & 64K. During the session, the index started lower at 63,569 and then bounced to as high as 64,043 from where it one again fell to post a new weekly low of 63,290 before closing the day at 63,572 with a net loss of 164 Points. Volumes from KSE-100 Index Stocks clocked at total of 247.33 Million, which despite being up by 5.5% from previous session, is still not suggesting any sort of accumulation, instead indicates selling on higher side as most of the day’s volume total was generated when index at intra-day high.
Outlook & Expected Levels For The Coming Session (January 17, 2024)..... Session closing with a breach of 63800 further strengthens bears. However, last session’s support from 63,300 region along-with oversold oscillators on short term are suggesting that a Dead Cat Bounce cannot be ruled out, especially in the first half of the session. Hence, to conclude, a choppy and indecisive price action is likely in the coming session. Support is seen at 63,260, followed by 62,800. Resistance is seen at 63,980, followed by 64,480.
The Session Wrap Up!!! Evening Star Kept Bears In Control – Index Ended With A Loss Of 531 And At Lowest Level In January 2024.... The previous session’s Evening Star based closing kept bears in control, as after having lower gapped opening and without being able to move into territory for a single minute, it fell to as low as 63,397 before closing the session at 63,737 with a massive loss of 531 Points and at the lowest closing in the month of January 2024 as well. Volumes from KSE-100 Index Stocks clocked at a total of 234.38 Million, which is not just down by a million from previous session but is the lowest total since August 10 2023 and confirms that aggressive buyers are so scared the even index trading at lowest level in the year 2024 could not bring accumulation.
Outlook & Expected Levels For The Coming Session (January 16, 2024)..... Session closing with a breach of 64,400 and as an Evening Star formation further strengthening bears, who are likely to hit 63,925 – 63,800 range in the coming session. Noting that 63,800 is seen as lifeline on intra-day terms, as breach of this can drag the index to 63,140 – 63,050 range, in a speedy manner. The resistance for coming session is seen at 64,470 with expected top at 64,860.
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