Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
72,040.13
-11.77(-0.02%)
Closed

Karachi 100 Discussions

The Session Wrap Up!!! Shooting Star Based Closing Kept Selling In-Tact – Index Lost 368 Points Amid Another Roller Coaster Ride..... The previous session’s closing as a Shooting Star with volumes as 5 days high played its vital role, as bears made an aggressive move and closed the session with a loss of 368 Points. During the session, the index started with an upper gap and posted a high of 65,173 from where it witnessed selling pressure and witnessed a low of 64,130 before closing the day at 64,269 with a net loss of 368 Points. Volumes from KSE-100 Index Stocks clocked at a total of 235.43 Million, which is not just down by 41.5% from previous session but is the lowest total since August 10, 2023 and indicates that aggressive buyers were scared of making many move.
sazgar eng higher point
Outlook & Expected Levels For The Coming Week (January 15 To 19, 2024).... Constant failure at 65,500 and now week ending as a Doji is not just weakening the trend further, but is also adding confirmation to previous week’s view of index entering a thin and indecisive range. For the coming week, Wait & See approach shall be adopted with risk management in-tact. The support for coming week is seen at 64,050, while expected bottom is at 63,800. The resistance is at 65,700 and bulls need weekly closing above this zone to stage next level of rally.
The Weekly Session Wrap Up!!! Roller Coaster Ride Within Thin Range Kept Both Bulls & Bears On Benches– Week With A Net Gain Of 122 Points.... Exactly as discussed in the last weekly outlook, the index got stuck in a thin a range and that indecisive price action haunted volumes. During the week, the index swung between the suggested range of 65,650 & 63,890, as first it fell to as low as 63,873 and the jumped to as high as 65,356 before ending the week just near the previous week’s closing at 64,637 with a flat gain of 122 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.673 Billion, which is down by 24.6% from previous week and acknowledges that the thin range kept both buyers and sellers on benches.
Market will be bully after Monday
Silkbank kab chalain ge pyare allah jeee😭😢🤲🤲
Outlook & Expected Levels For The Coming Session (January 12, 2024).... Session closing above 64,500 is a welcome signal for the bulls, who must capitalize the opportunity, by closing the next session above 65,050 with aggressive bullish candle and higher volumes as, this will be an escape from aggressive selling. While, first resistance is at 64,880 for coming session. The support is now tilted up to 64.470 and expected bottom lies at 64.050.
The Session Wrap Up!!! Bulls Licked Their Wounds – Index Recorded First Positive Session In 6 With A Net Gain Of 697 Points .... The bulls broke shackles od indecisiveness, as for the first time in last 7 session index record a positive closing with a massive gain of 697 Points. During the session, the index started with a gap opening at 64,064 an then after witnessing a minor low of 63,914, it went to as high as 64,700 before closing the day at 64617 with a massive gain of 697 Points. Volumes, from KSE-100 Index Stocks clocked at a total of 365 Million which is not just up by 8.6% from previous session but is the highest intra-day total in last 4 sessions and indicates the aggressive buyers made a comeback, especially after stronghold above 64,300.
Outlook & Expected Levels For The Coming Session (January 11, 2024).... Since last 2 weeks, we had been suggesting that bulls need stronghold above 65,650 to turn recovery into another bull-run and since then index has been failing to surpass 65,500 which has confirmed formation of a hard top ceiling. Now. session ending below 64,050 has brought the index to edge where bullish trend ends and bearish trend starts. For rest of the week, the last recognized support is at 63,000 and if weekly closing comes below this, index will be under strong bearish pressure, that can expose 60K and even break the December 2023 support of 58 in a speedy manner. For the coming session, support is seen at 63,680 followed by 63,200. The resistance is now seen at 64,230, while expected top is at 64,600
The Session Wrap Up!!! Choppy Price Action Within Thin Range Continued For 7th Consecutive Session – Index Lost 250 Points... The indecisive price action continued for the 7th consecutive session, as index ended the day with a net loss of 250 points and below 64K for the first time since December 29 2023. During the session, the index once again started with an upper gap and posted a high of 64550, where the suggested top for the day at 64600 restricted the gains and triggered selling pressure to drag the index at suggested bearish target of 63890 as index witnessed a low of 63873 before ending the day at 63919 with a net loss of 250 Points. Volumes from KSE-100 Index Stocks clocked at a total of 353.5 Million, which is up by 32.7% from previous session and suggests that panic selling lured some healthy buying interest, especially in the last 30 Minutes, when index based stocks generated 66 Million of volume, which is 18.6% of the day’s total.
Outlook & Expected Levels For The Coming Session (January 10, 2024)..... Constant failure to surpass 65,500, since last week, was forming a hard top ceiling and now session ending below 64,500 is pushing the index out of bullish trend. For coming session, the watch-out level is 63,890, as below this level selling be aggressive till 63,200. Noting that index will be under strong bearish pressure, once 63K is breached and that pressure will be exposing 60K in a speedy manner. The resistance is now seen at 64,480, while expected top is at 64,600
The Session Wrap Up!!! Choppy Price Action Within Thin Range Continued For 6th Consecutive Session – Index Lost 66 Points With Poor Volumes..... The indecisive price action continued for the 6th consecutive session, as index ended the day with a net loss of 66 points and lowest volumes in last 2 months During the session, the index once again started with an upper gap and posted a high of 64786, however it could not surpass the suggested top of 64,890 and fell below 64K, to test the suggested bearish target of 63,890 (Intra-Day Low 63878), before closing the day at 64170 with a net loss of 66 Points. Volumes from KSE-100 Index Stocks clocked at a total of 253.6 Million, which is not just down by 19.3% from previous session, but is the lowest intra-day total since November 06, 2023, making it the lowest total in 2 months and confirming that indecisive range kept both aggressive buyers and sellers on benches.
unity gonna rock
Freefall bloodbath inbound
70_73 k is coming
70_73 k is coming
Outlook & Expected Levels For The Coming Session (January 09, 2024) Constant failure to surpass 65,500, since last week, was forming a hard top ceiling and now session ending below 64,500 is pushing the index out of bullish trend. For coming session, the index has support at 63,890, followed by 63,200. Noting that index will be under strong bearish pressure, once 63K is breached and that pressure will be exposing 60K in a speedy manner. The resistance is now seen at 64,580, while expected top is at 64,890
The Session Wrap Up!!! Choppy Price Action Within Thin Range Continued For 5th Consecutive Session – Index Lost 277 Points The indecisive price action continued for the 5th consecutive session, as index ended the day with a net loss of 277 points and lowest volumes in nearly one a half month. During the session, the index started with an upper gap and posted a high of 65,069, however, the gains were eroded by mid-day and end fell to as low as 64,183, before ending the day at 64,237 with a net loss of 277 Points. Volumes from KSE-100 Index Stocks clocked at a total of 314.50 Million, which is not just down by 56% from previous session, but is the lowest intra-day total since November 19, 2023, making it the lowest total in nearly one and a half month and confirming that indecisive range kept both aggressive buyers and sellers on benches.
Outlook & Expected Levels For The Coming Week (January 05, 2024)... Constant failure at key resistance zone of 65,450 – 65,650 is not a good omen for the bulls. While, session ending as a Long Upper Shadow, after testing the suggested support zone of 64,080, is suggesting that short covering is being carried out as well. As discussed, it looks like index has entered a zone where choppy price action can be seen and that can hurt volumes as well. Index is still below the bullish threshold, as long as it does not close the week above 65,650, with higher volumes and bullish candle. While, failing to do so can start a much stronger push on the downside till 55K handle, in the days to come. For the day, the support is seen at 64370, followed by 64050. While resistance is at 64800, followed by 65,050.
The Session Wrap Up!!! Choppy Price Action Within Thin Range Continued – Index Closed Flat With A Marginal Loss Of 7 Points.... The roller coaster ride continued for 3rd consecutive session, where both bulls and bears struggled to make their move and that that haunted volumes. During the session, the index kept on swinging between gains and losses, where it posted a high of 64,936 and then witnessed a low of 64,098 before closing the session at 64,639 with a marginal loss of 7 Points. Volumes from KSE-100 Index Stocks clocked at a total of 322.74 Million, which is not just down by 22.7% from previous session, but is the lowest intra-day total since November 30 2023 and clearly acknowledges the view from last report about index entering a zone where volumes are likely to get hurt.
Outlook & Expected Levels For The Coming Week (January 04, 2024).... Constant failure at key resistance zone of 65,450 – 65,650 is not a good omen for the bulls, while, session ending as a Doji is suggesting that index is about to enter a zone where choppy price action can be seen and that can hurt volumes as well. Index is still below the bullish threshold, as long as it does not close the week above 65,650, with higher volumes and bullish candle. While, failing to do so can start a much stronger push on the downside till 55K handle, in the days to come. For the day, the support is seen at 64,080, followed by 63,790. While resistance is at 64,800, followed by 64,450.
The Session Wrap Up!!! Amid Choppy Price Action Bulls Recorded Another Win – Index Gained By 297 Points..... It was yet another roller coaster ride, as bulls made a comeback with low volumes. During the session, the index first witnessed a low of 64,219 and then went to as high as 65,244 where once again the suggested resistance zone of 65,300 – 65,450 capped the gains and triggered healthy profit taking to close the session at 64,646 with a net gain of 297 Points. Volumes from KSE-100 Index Stocks clocked at a total of 417.37 Million, which is marginally down by 1.5% from previous session and since the session ended as a Doji formation, this volume total suggests that choppy price action limited the activity.
Outlook & Expected Levels For The Coming Week (January 03, 2024).... Failure at key resistance zone of 64,450 – 64,650 and closing the session as Advanced Bearish Deliberation Block with higher volumes is suggesting that index had a Dead Cat Bounce based recovery in the last few sessions and that recovery is now getting completed. Index is still below the bullish threshold, as long as it does not remain above 65,650 for at-least two consecutive sessions with bullish candles as well as higher volumes, to negate Dead Cat Bounce and reignite the bullish rally. However, failing to do so can start a much stronger push on the downside till 55K handle, in the days to come. While, on intra-day terms, the support is seen a 63,980, followed by 63,500.
hi sir
can we use charting tools here such creating support and resistance and trendline
Yes, but much better tools on Trading View
The Session Wrap Up!!! Bulls Exhausted At Key Turning Point – Index Lost 312 Points After 4 Consecutive Sessions Of Gains.... The session witnessed a roller coaster ride, as bulls lost control at key turning point region. Exactly as discussed in weekly outlook and the last report as well, the index faced resistance at the suggested “make or break” zone of 65,450, as it reached to as high as 65,333 from where aggressive selling based pullback dragged it to 64,213 before ending the day at 64,349 with a net loss of 312 Points, the first one in last 5 sessions. Volumes from KSE-100 Index Stocks clocked at a total of 424 Million, which is not just up by 24.8% from previous session, but is the highest total in last 8 sessions and since the session ended as an Advanced Bearish Deliberation Block formation, it suggests aggressive distribution from top.
Outlook & Expected Levels For The Coming Week (January 02, 2024).... As discussed in the weekly outlook, the index has surpassed 64050, which now paves path for 65,450 – 65,650 range, where make or break zone is lying. Index now needs at-least  two consecutive bullish candles above 65,650 along-with healthy volumes, to negate Dead Cat Bounce and reignite the bullish rally. However, failing to do so can start a much stronger push on the downside till 55K handle, in the days to come. While, on intra-day terms, the support is seen a 63,980, followed by 63,500.
...
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.