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Karachi 100 (KSE)

Karachi
Currency in PKR
97,170.99
+1,624.54(+1.70%)
Delayed Data

Karachi 100 Discussions

Outlook & Expected Levels For The Coming Session (November 20, 2024).... The session closing above 95,400 as negated any indications of consolidation and has further strengthened the aggressively crazy bulls with 96,300 as first target for the coming session, followed by 96,650 – 96,950 range where top for the day is expected. While support is now formed at previous resistance point of 95,700 with expected bottom at 95,200.
The Session Wrap Up!!! Another Session…. Another New All Time High | Index Ended With A Massive Gain Of 860 Points..... The bulls remained aggressively strong, as despite indications of choppy trading based on previous session’s Doji Formation, they scored 860 points and ended the day at yet another all time high. During the session, the index did not just start with an upper gap, but without filling that gap it posted a new all time of 96,036 before ending the day 95,856 with a massive score of 860 Points and yet another new all time high. Volumes from KSE-100 Index Stocks clocked at a total of 377,88 Million, which is not just up by 36% from previous session but is the highest total in last 5 sessions and suggests that aggressive buyers made a comeback, especially after index held itself above 95,400.
Outlook & Expected Levels For The Coming Session (November 19, 2024).... The session closing as Doji is suggesting choppy trading for coming session and since the volumes are on lower side, it further indicates that index is likely to enter consolidation phase. For the coming session, the index is having resistance at 95,260 followed by expected top at 95,450 – 95,520 range. While support is seen at 94,900 with expected bottom at 94,280 – 94,050 range.
The Session Wrap Up!!! Bulls Managed To Close the Day At New All Time High Amid Roller Coaster Ride – Index Ended With A Gain Of 232 Points.... The bulls remained firmly in control of the trend, as despite intra-day jitters the index ended the day with a net gain of 232 Points and yet another record high. During the session, the index started with an upper gap and posted a new all time high of 95,307, from where the roller coaster ride started as on one point the index fell into negative territory to witness a low of 94,620 and then bounced into positive region to end the day at 94,995 with a net gain of 232 Points. Volumes from KSE-100 Index Stocks clocked at a total of 277.3 Million, which is down by 2% from previous session and indicates that aggressive buyers preferred taking a break, amid roller coaster ride.
Outlook & Expected Levels For The Coming Week (November 18 to November 22, 2024)... The weekly closing as Three White Soldiers with higher volumes is further strengthening the bullish momentum. Having said that, the price action of last session of the past week indicates healthy distribution, as the session ended with Shooting Star having higher volumes and this can keep profit taking in-tact in the 1st or 2nd session of the coming week and that can reenergize the bulls. The resistance for coming week is seen at the range between 95,450 – 95,680 with expected top at 96,800. On the downside the support for week is seen at 93,280 – 93,100 range with expected bottom at 91,880.
The Weekly Session Wrap Up!!!  The Non-Stop Bullish Momentum Continued For 5th Consecutive Week – Index Soared By 1471 Points With New ATH.... The unstoppable bullish aggressive continued in the past week, as bulls recorded 5th consecutive week in gains making it the biggest weekly winning streak since April 2024. During the past week, the index witnessed a low of 94,763 and then bulls took the control and reached to a new milestone of 95K as the high for week was 95,278 before ending the week as 94,763 with yet another all time high based closing. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.712 Billion, which is not just up by 3% from previous week but is the highest total in last three weeks, indicating that aggressive buyers were active fearlessly.
Outlook & Expected Levels For The Coming Session (November 15, 2024).... The session ending Morning Star is further strengthening the ongoing bullish momentum. However, the low volumes are raising concerns, as it seems like aggressive buyers are not taking interest at current stage. This suggests to adopt cautious stance, as the coming session is going to be the end of week session that can trigger volatility. The resistance is seen at 94,600 with expected top at 95,050 – 95300 range. While support is seen at 93,900 with expected bottom at 93,200 – 93,100 range.
The Session Wrap Up!!!  Record Breaking Bullish Momentum Continued – Index Soared By 836 Points To Close The Day At New All Time High.... The aggressively bullish momentum continued on the charts, as bulls the index to new all time highs. During the session, the index started with an upper gap and then without filling that gap it moved to as high as 94,289 before ending the day at 94,191 with a massive score of 836 Points and at new all time high. Volumes from KSE-100 Index Stocks clocked at a total of 255.61 Million, which is not just down by 13.5% from previous session but is by far the second lowest total in the month of November and indicates that aggressive buyers are not taking interest at current stage.
Outlook & Expected Levels For The Coming Week (November 11 to November 15, 2024).... The weekly closing as Bullish Engulfing with higher volumes is further fueling bullish momentum, with 93,680 – 93,800 zone as next immediate target for the week. Noting that, 93800 – 94100 zone is seen as very strong resistance, while RSI on daily timeframe is having negative hidden divergence, which is raising concerns on the ongoing bullish momentum. Hence, it is better to look for profit taking at higher levels, in order to manage better cash flows. The expected top for the week is at 94,800 – 94,900 and in case bulls take on the said region before mid-week session, it can be considered as a Hasty & Hyper Move and it can trigger healthy and aggressive profit taking. On the downside, the support is seen at 92,700, while expected bottom for the week it at 91,800 – 91,600.
The Weekly Session Wrap Up!!! Bulls Scored A Weekly Hat-Trick | Index Soared By 2431 Points To Close The Week At Yet Another All Time High Level.... The aggressive bullish momentum continued on the charts for 3rd consecutive week, as despite Hanging Man based in previous week the bulls did not show any signs of fatigue and continued making record highs. During the past week, the index witnessed an upper gapped opening and then without filling that gap it reached to our suggested weekly top zone of 93,500, as the high for the wee was 93,514, while closing was at 93,291, yet another all time high. Volumes from KSE-100 Index Stocks clocked at a total of 1.663 Billion, which is up by 29.6% from previous week and since the week ended as a Bullish Engulfing, this kind of total indicates fearless moves by aggressive buyers.
Bulls becarefull anytime soon rug pulling will happen & marker will crash drastically. No more support from US whales after trumps victory & they will cashput there capital from this highly manipulated market....
Outlook & Expected Levels For The Coming Session (November 05, 2024)..... The session ending as Three Outsides Up with higher volumes is further strengthening the bulls, with 92,680 – 92,800 range as first target for the day. While expected top is seen at 93,500 - 93800 range, noting that in case bulls take the index to the aforesaid range before mid-week session, it can be considered as a Hyper Move that can trigger an equally aggressive profit taking based pullback. On the downside the support is now tilted up to 91,200 – 91,050 range with expected bottom at 90,500 – 90,300 range.
The Session Wrap Up!!! The Trend Remained Aggressively Bullish – Index Soared By 1078 Points To Close At New All Time Highs... The previous session’s Bullish Engulfing further strengthened the already aggressive bulls, as index gained by a massive 1078 Points to end yet another session at new all time highs. During the session, the index had an upper gapped opening and then without filling that gap it posted a new all time high of 92,159, before ending the day, just off the highs at 91,938. Volumes from KSE-100 Index Stocks clocked at a total of 311.38 Million, which is not just up by 35% from previous session but is the highest total in last six sessions and since the day ended with an Three Outsides Up formation, the volumes indicate aggression from buyers.
Outlook & Expected Levels For The Coming Week (November 04 to November 08, 2024)..... The weekly closing as a Hanging Man with lower volumes is suggesting nervousness and congestion at higher side. Having said that, the last session of previous week suggests that bulls are not ready to give up on the momentum as once again they did not let index breach the 10-DMA (Days Moving Average) based support, which is being honored since September 2024. To conclude, the index is likely to witness choppy price action in the coming week, here resistance is seen at the range between 91,600 & 92,100, with expected top at 93,500. On the downside, the support is seen at the range between 90,120 and 89,500 with expected bottom at 88,900 now.
The Weekly Session Wrap Up!!! Unstoppable Bulls Continued Their Rage – Index Soared To New All Time Highs & Closed The Week With 865 Points Gain.... The bulls continued their aggressive rage in past week, as after swinging between the suggested bottom and top, the index ended the week with a massive score of 865 Points and at yet another all time high. During the past week, the index first tested the suggested resistance of 91,750 and index posted a high of 91,872 from there healthy profit taking based pullback dragged it to the suggested bottom zone at 88,900, as index tested a low of 88,852 before having a big bounce to close the week at 90,859 with a net gain of 865 and at yet another all time high. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.283 Billion, which is down by 32% from previous week and since the week ended at a Hanging Man such volume total is suggesting nervousness from aggressive buyers.
the surg on 1st November is an indication for positive review of the rate cut. investor consolidating their positions before mo day
Outlook & Expected Levels For The Coming Session (November 01, 2024).... The session ending as Three Outsides Down is suggesting further correction. Having said that, there are some indicators, suggesting that the bulls are likely to make a comeback and that can be in the first half of the session. First indicator is the higher volumes, suggesting that the dip in last session was considered as opportunity to buy. Second indicator is that index filled the gap that was created between closing of October 24 & 25. While the 3rd important indicator is 10-DMA (Days Moving Average), lying at 88,400 zone and this indicator has been working as strong support for the index since September 2024, noting that the aforesaid level was suggested bottom for the week as well. For the day, the support is seen at 88,780 – 88,400 range, with expected bottom at 87,570. While on the upside, the resistance is seen at 90,250 with expected top at 90,750 – 91,050 range.
The Session Wrap Up!!! Correction Continued For 2nd Consecutive Session – Index Lost 1319 Points To Close The Day At 5 Days Low...... The correction continued for 2nd consecutive session, previous session’s Bearish Engulfing kept selling pressure in tact and dragged the index to lowest level in 5 days. During the session, the index started on a positive note and posted a high of 90,700 and then came under selling pressure to witness a low of 88,966 and closing at the same low with a net loss of 1,319 Points and at the lowest level in 5 sessions. Volumes from KSE-100 Index Stocks clocked at a total of 287.73 Million which is not just up by 20% from previous session but is the highest total in last 4 sessions and indicates that the dip was treated as opportunity to buy.
Outlook for the Month of November 2024 & Expected Levels:..... First and foremost, the historical pattern for the month of November 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 as Three White Soldiers with higher volumes favors bullish aggression. For the month of November, the index is likely to have support at the range between 88,780 and 87,750. Noting that 86,000 is the level that can be seen as bottom for the month, as this where threshold between correction and bearish reversal is lying. On the Upside, the resistance is seen at 91,750 while will be targeting 93,050 – 93,800 range upon successful breakout above 91,800. Noting that a weekly closing above 94000 will be putting 98,500 on cards.
Review of the Month of October 2024 Aggressive Bulls Scored A Monthly Hat-Trick | Index Gained By 7851 Points To Close The Month At Highest Ever Level.... The historical pattern for the month of October played its vital role, as aggressive bulls scored third monthly gain to close the month at new all time highs. During the month of October, the index did not just start the month with an upper gap, but without filling that gap it posted a new all time high of 91,872 before ending the month off the high at 88,966 with a massive score of 7,851 Points, the second biggest monthly gain in history. Volumes from KSE-100 Index Stocks clocked at a monthly total of 6.286 Billion which is not just up by 113% from previous month but is the second highest monthly total in the year current calendar year and indicates that aggressive buyers were fearless in the month.
Outlook & Expected Levels For The Coming Session (October 31, 2024).... The session ending as Bearish Engulfing is suggesting breather from bulls. However, the lower volumes are not posing any threat of aggressive distribution and suggest that the pullback was healthy to take out steam. For the coming session, the index is likely to find support at 89,800 – 89,300 range and this is likely to trigger aggressive short covering. If not, the next level to watch can be 88,780 – 88,600 where bottom for the day is expected. On the upside, the range between 91,000 and 91,350 is seen as first resistance, with expected top at 91,700 – 91,880 range.
The Session Wrap Up!!! Bullish Momentum Stalled After A Winning Streak Of 7 Sessions – Index Witnessed A Corrective Pullback By 577 Points..... The bullish momentum was stalled after a winning streak of 7 sessions, as index witnessed profit taking based corrective pullback, amid lower volumes. During the session, the index started on a positive note and posted a new all time high of 91,872 and then came under profit taking selling pressure to witness a low of 90,003 before closing the day at 90,286 with a net loss of 577 Points. Volumes from KSE-100 Index Stocks clocked at a total of 240.62 Million, which is not just down by 6% from previous session but is the 3rd consecutive low and the lowest total in last 7 sessions, suggesting that aggressive buyers preferred remaining on sideline. Having said that, the intra-day price vs volume activity is suggesting that there was healthy short covering at lower side, as nearly 80 Million or as much as 33% of the day’s total volume was generated traded in the last 2 hours of the session when index was trading at its lowest point, suggesting that buyers initiated some orders
Outlook & Expected Levels For The Coming Session (October 29, 2024)..... The session ending as Hanging Man is suggesting breather from bulls and since the pattern is with lower volumes, it does not post any threat of aggressive distribution yet. For the coming session, the index is likely to get support at 89,800 range, while expected bottom is at 89,300 – 89,100 range. On the upside, the range between 91,240 – 91,450 can restrict the gains.
The Weekly Session Wrap Up!!! The Move Of Taking On New All Time Highs Continued – Index Ended With A Net Gain Of 201 Points Amid Choppy Trend..... The unstoppable rally from bulls continued, as despite a roller coaster ride between intra-day gains and losses the index ended at new all time highs. During the session, the index posted a new all time high of 91,054 and then witnessed healthy profit taking to as low as 89,732 from where it bounced again and ended the day at 90,195 with a net gain of 201 Points. Volumes from KSE-100 Index Stocks clocked at a total of 267.24 Million, which despite being lower than 27% from previous session and at lowest intra-day total since October 22 2024 is still not suggesting aggressive distribution as majority of volume, i.e. 24% of the day’s total, was generated when index was trading lower and suggests that buying was carried out at lower levels.
Outlook & Expected Levels For The Coming Week (October 28 to November 01, 2024)..... The weekly closing as a Morning Star with soaring volumes is further strengthening the bulls to explore new highs. Yes, on the shorter timeframe, there are some indications of a minor pullback, especially during first 1 or 2 sessions of the week and that if that happens that can only be a refresher for the bulls. For the coming week, the bulls can target 90,700, followed by 91,450, while stronghold above 91,750 can put 93,900 – 93,880 on cards in a speedy manner, where top for the week is expected. On the downside, any pullback is likely to be limited till 83,900 with expected bottom at 88,900 – 88,450 range,
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