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Karachi 100 (KSE)

Karachi
Currency in PKR
114,255.73
+1,049.33(+0.93%)
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Karachi 100 Discussions

KSE-100 REVIEW OF JAN 29 AND OUTLOOK FOR JAN 31 2025…Bulls licked their wounds  The session witnessed a net gain by 1719 points, where index fell to as low as 111805 and then bounced to as high as 113400 before closing the day at 113208. Volumes from KSE-100 Index Stocks clocked a total of 172.24 Million, which is down by 14.4% from previous session and still suggests that bounce was mainly due to healthy short covering instead of aggressive buying.,,,,For the coming session, the index closing above 112800 is suggesting a short term breakout that s likely to continue recovery based upside towards 114300 initially followed by 115050, where top for the day is expected. Noting that the point of concern is low volumes which suggests buyers are still not convinced about sustainable upside. The downside is likely to find support at last strong resistance level of 112600. However, breach of this can take it down to 112050 followed by 111,080
KSE-100 REVIEW OF JAN 29 AND OUTLOOK FOR JAN 30 2025…The bearish pressure continued for 3rd consecutive session where index witnessed a net loss of 543 Points. During the session, the index started on a positive note and posted a high of 112569 from where it came under selling pressure and witnessed a low of 111157 before closing the day at 111487. Volumes from KSE-100 Index Stocks clocked at a total of 201.92 Million, which is not just down by 4.7% from previous session and 5th consecutive low, but is the lowest total since January 17 2025 and indicates that buyers were not convinced to make any move, despite this fall that has taken out a total of 3392 since start of the week. Session ending as 3 Black Crows formation with lower volumes is suggesting strength in bears that can expose the index to 110300 – 110000 range by mid-day and in case the index breaks 109750 on hourly closing, it can test 107830. The index is likely to face resistance at 112050, while expected top is at 102680
KSE-100 REVIEW OF JAN 28 AND OUTLOOK FOR JAN 29 2025…The index remained under bearish pressure for 2nd consecutive session and witnessed a net loss of 1489 points. The index started posted a high of 113644 and then witnessed a low of 111434 before ending the day at 112030. Volumes from KSE-100 Index Stocks clocked at a total of 211.4 Million which is down by 8.5% from previous session and indicates that buyers were not yet ready to make any aggressive move....For coming session, the index is likely to witness a bounce towards 112800 – 113450 range, which can either be seen right at the start or after 1 hour of the session start. However, that bounce can turn into a Dead Cat Bounce or a Bull-Trap, in-case higher volumes are generated. While, expected top for the day is likely at 114000..... On the downside, the support is now tilting down 110,875, while expected bottom is at 109750.
KSE-100 SESSION REVIEW OF JAN 27 AND OUTLOOK FOR JAN 28, 2025..... The index ended on a bearish note with a net loss of 1360 points. During the past session the index started on a positive note and posted a high of 115,596, where our suggested resistance zone of 115600 triggered selling and dragged it to low as 113482 before ending the day at 113520. Volumes from KSE-100 Index Stocks clocked at a total of 231 Million which is down by 17.5% from previous session and suggests that there the buyers were scared of making any move......For the coming session, the index is likely to test the support at 112800 – 112600 range where short term range bottom is lying. However, an hourly closing below 112,300 can keep the selling pressure in-tact till 111,880 followed by 111,000 – 110-800 range.....The upside is seem restricted at 114800, while top of the current cycle is now tilting down at 116,820
KSE-100 WEEKLY OUTLOOK....The index witnessed bullish closing in past week with a net gain of 1043 points. The index witnessed a low of 113234 and posted a high of 116424 before ending the week at 114,880. While, volumes from KSE-100 Index Stocks  clocked at weekly total of 1.61 Billion, which is up by 43% from previous week and suggests buying interest at lower level, especially the suggested support range of 113K – 112K.... Having said that, the index bulls are still unable to achieve a breakout, as they are facing failure above 116K constantly, which is further strengthening our view of consolidation under 118K and correction till 110K – 108K initially.....For the coming week, the index is likely to remain in a choppy range, where the range between 115600 – 116200 is likely to act as first resistance with expected top 118400. On the downside, 112800 is likely to act as first support, while break of 112600 can trigger selling till 110,800 followed by 109570.
KSE-100 WEEKLY OUTLOOK..... The index witnessed bullish closing in past week with a net gain of 1043 points. The index witnessed a low of 113234 and posted a high of 116424 before ending the week at 114,880. While, volumes from KSE-100 Index Stocks  clocked at weekly total of 1.61 Billion, which is up by 43% from previous week and suggests buying interest at lower level, especially the suggested support range of 113K – 112K. Having said that, the index bulls are still unable to achieve a breakout, as they are facing failure above 116K constantly, which is further strengthening our view of consolidation under 118K and correction till 110K – 108K initially.  For the coming week, the index is likely to remain in a choppy range, where the range between 115600 – 116200 is likely to act as first resistance with expected top 118400. On the downside, 112800 is likely to act as first support, while break of 112600 can trigger selling till 110,800 followed by 109570.
KSE-100 Review & Outlook 2/2... For the coming session, the index has broken minor support of 113600 and now the level of 11200 – 111800 needs to be watched carefully as this is considered as threshold between correction and bearish reversal on monthly terms. The bulls need to gather healthy volumes on hourly closings near aforesaid levels, as failure can drag the index to 110,900 followed by 108295, initially and then bears would be gaining strength to expose 103410. On the upside, 115550 is now seen as strong resistance, while 118500 is still seen as cycle top.   Overall, we expect the correction to continue till 99 – 95K range where good buying opportunity is likely.
KSE-100 Review & Outlook 1/2 The benchmark index witnessed 2nd consecutive session of corrective selling pressure, where index posted a high of 115256 and then fell to as low as 113359 before closing the day at 113443 with  net loss of 1598 points. Volumes from KSE-100 Index Stocks clocked a total of 358.355 Million, which is not just up by 6% from previous session but is the highest total since January 8 2025, suggesting that the panic selling was taken as opportunity to accumulate.
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Long term trend: Fib extension chart From Nawaz Sharif's high to Imran khan's low. Current resistance at 3.382 fib. Ideally, 20-25% correction is required at a minimum for profit taking and new investors to buy. Whatever causes it does not matter--there are triggers abound--Trump, IK, Israel, global equity market collapse/correction, inflation, Afghanistan/Taliban, et al. I have been extremely bullish on Pakistan's economic revival since 2021 when the index had hit 27/28k (50% correction) and I am sticking to this. I am patiently waiting now for the correction to invest new money in KSE.
100k was my forecast on 17 Apr 2024. I thought this would take 2 years at least. But it came much earlier and is still well defended! Karachi 100 https://invst.ly/18ch8u Investing.com
So far, well defended. But I'm patient for some correction before investing again. Hopefully , that would come.
I am extremely bullish on Pakistan. I was extremely bullish on this very platform when the sentiments were extremely negative. The day Khan's govt demolishment started, market turned positive. But for now, I think KSE has over run its course without a meaningful correction. 3x fib extension without a serious profit taking is extremely dangerous. I would be extremely careful taking any positions here. I think a 25-30% correction would be very helpful.
Outlook & Expected Levels For The Coming Session (December 10, 2024).... The session ending as Hanging Man is not a good omen for the aggressive bulls, as it indicates nervousness, amid overheated conditions. Having said, the intra-day price movement with volumes is suggesting that dips are being considered as buying opportunity, as majority of the volume from last session was generated when index was at session lows. For coming session, the resistance is seen at 110,800 with expected top at 112,600. While support is seen at 108,840 with expected bottom at 107,500. Strategy shall be to remain on profit taking at higher side or keep trailing stops on positions bought at lower levels, in order to be able to shift portfolio.
Dear @iMemon. I hope everything is OK at your end and you are too busy. Haven't seen your comments since 9th December. Please keep up the good work.
The Session Wrap Up!!! Bullish Scored Another Win Amid Volatile Session – Index Recorded A Gain Of 916 Points.... The bulls kicked off the week in gains, as despite high volatility and bigger swings between gains and losses the index recorded a net gain of 916 Points. During the session, the day started with some nervousness, where index fell to as low as 107,625, from where the bulls took control and pushed it to new all time high at 110,385 before ending the day at 109,970 with a net gain of 916 Points. Volumes from KSE-100 Index Stocks clocked at a total of 719 Million, which is up by 9% from previous session and indicate that aggressive buyers were not hesitant in making moves, despite high volatility.
Outlook & Expected Levels For The Coming Week (December 09 to December 13, 2024).... The weekly closing above 108,000 without any nervousness on the candlestick pattern is suggesting that bulls are not ready to let any correction take place. Having said that, the concern is volumes, that clocked at highest in 18 years this suggests aggressive distribution by smart money who preferred healthy profit taking, when euphoria is high. Hence, it is better to remain on profit taking at higher side or keep trailing stops on positions bought at lower levels, in order to be able to shift portfolio. The resistance for coming week is seen at 110,800 with expected top at 112,600 – 113,800. While support is seen at 107,550 with expected bottom at 105,800 – 105,000.
The Weekly Wrap Up!!! Bullish Aggression Continued For 7th Consecutive Week – Volumes Clocked At The Highest In 18 Years..... The bulls continued marching on the charts, recording 7th consecutive week in gains and posting the biggest weekly streak in last 3 years with weekly volume total at the highest in 18 years. During the past week, the index started with an upper gap and then without filling that gap, it posted a high of 109,478, before closing the week at 109,053 with a massive score of 7,696 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 3.53 Billion, which is not just up by 53% from previous week but is the biggest weekly total since February 2006, meaning at highest in last 18 years and suggests that aggressive buyers, especially with FOMO (Fear Of Missing Out) mentality were active and this kind of activity is usually is a sign of distribution from smart money.
sarfraz
Outlook & Expected Levels For The Coming Session (December 03, 2024)..... The session ending above 102,500 with one year high volumes and without any hesitation on the candlestick pattern, is further fueling the already aggressive and crazy bullish momentum, with 103,650 as first target, followed by 104,800 – 105,300, where top for the current cycle is seen. Noting that stronghold above 105,000 can trigger a next level breakout, that can put 115K on cards for the rest of the month. On the downside, the last strong resistance at 102,800 is now seen as first support with expected bottom at 101,400.
The Session Wrap Up!!! Another Session…. Another All Time High – Index Gained By 1917 Points To End The Session Above 103K With Volumes..... The trend remained unchanged, as aggressively crazy bulls took the index to yet another all time high with volumes that were not seen in the year 2024. During the session, the index started with an upper gap and posted a new all time high of 103,386 before ending the day at 103,274 with a massive score of 1917 Points. Volumes from KSE-100 Index Stocks clocked at a total of 695.79 Million, which is not just up by a whopping 53% from previous session, but is the highest intraday total since December 23 2023, which means the volumes were by far at the highest level in the year 2024 and suggests that aggressive buyers active fearless.
Outlook & Expected Levels For The Coming Week (December 02 to December 06, 2024).... The weekly closing as Hanging Man with highest weekly volumes in a year, is suggesting nervousness from bulls and indicates aggressive distribution. Hence it is better to remain on profit taking at higher side. The expected resistance for coming week is at 102,700 with expected top at 103,800. While the support is seen at 100,120 with expected bottom at 99,100.
The Weekly Session Wrap Up!!!  Bulls Remained Firmly In Control Amid Roller Coaster Ride – Index Closed Above 100K For The First Time In History..... A wild roller coaster ride was witnessed in the past week, as after bigger swings between gains and losses the index closed the week above 100K with a massive score of 3559 Points. During the week, the index first fell to as low as 94,180 and then rose to as high as 101,496 before ending the week at 101,357. Volumes from KSE-100 Index Stocks clocked at a weekly total of 2.3 Billion, which is not just up by 11.6% from previous week but is the highest weekly total since December 2023 and since the week ended as a Hanging Man, this high volume indicates nervousness from bulls and distribution.
Outlook for the Month of December 2024 & Expected Levels.... First and foremost, the historical pattern for the month of December favors bullish momentum, as in the past 12 years, bulls have recorded 9 wins and bears were able to record 3 months of victory. While, from the charts view, the previous month’s closing with biggest score in the history along-with highest volume in last 11 months bullish aggression. Having said that, it is equally important to note that the Monthly RSI is at 92, which is suggesting extremely overheated conditions and the such volumes in the overheated conditions are indicating aggressive distribution by smart money to weaker and greedy money. Hence, it is much better to remain on profit taking and cash out the euphoria, instead of becoming victim of Fear of Missing Out. The expected resistance for the month of December is at 102,800 – 103,200  with cycle top at 105,555 - 106,000.
Review of the Month of November 2024... The 12 years history of November, yet again proved as favorable for the bulls, as index remained aggressively bullish where it scored the biggest points gain in the history and 21st biggest gain in terms of percentage since 1990. During the month of November, the index witnessed a minor pullback till 88,852, which refreshed the bulls for another aggressive move to as high as 101,496 before closing the month at 101,357 with a massive score of 12,473 Points or as much as 14%, the biggest monthly gain in terms of points and 21st biggest gain in terms of percentage in the history of Pakistan Stock Market. Volumes from KSE-100 Index Stocks clocked at a monthly total of 7.969 Billion, which is not just up by 26.7 from the previous month but is the highest monthly total in the calendar 2024 and indicates that aggressive buyers were active fearlessly throughout the month.
Now is the real challenge. Double top is here.
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