Karachi 100 (KSE)

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Outlook and Expected Levels For The Coming Session (May To May 15, 2024)... The session closing above 74,100 suggests that bulls have negated the indications of a Hyper Move and that paves path for the next target range of 74,950 – 75,350, where 75,350 is the level where 200% extension of Fibonacci Calculation from December 2023 high of 67,093 and January 2024 low of 59,191 is lying, which can trigger profit taking. While, inconsistency in volumes and Negative Divergence in Daily & Weekly RSI are still points of concern that suggest Risk Management instead of getting overexposed. Support is now tilted up at 74,120 with expected bottom at 73,600.

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iMemon May 14, 2024 9:51AM ET

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The Session Wrap Up!!! Raging Bulls Kept Excitement In Tact – Index Soared To New All Time Highs With Massive Score Of 732 Points..... The aggressive bulls remained strong on the charts, as index posted a new all time high to close the session with a massive score of 732 Points. During the session, the trend remained unchanged where index once again started the session with an upper gap and without filling that gap it posted a new all time high of 74,575 before ending the day at 74,531 with a massive score of 732 Points. Volumes from KSE-100 Index Stocks clocked at a total of 257.36 Million, which is down by 16.7% from previous session and indicates that aggressive buyers took some kind of pause.

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iMemon May 13, 2024 10:08AM ET

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Outlook and Expected Levels For The Coming Session (May To May 14, 2024).... The session closing above 73,300 keeps bullish aggression in tact for coming session with 74,160 as first target, followed by 74,500 as expected top for the session. Having said that, the move towards 74,100, the resistance on Weekly and Monthly timeframes, is suggesting that bulls have triggered a Hyper Move, which can result in an equally aggressive selling pressure. While, rising wedge formation since December 2023 highs, along-with Negative Divergence in Daily & Weekly RSI is further suggesting cycle top is on cards. Hence, Risk Management is more important at the current stage. Support is now tilted up at 73,320 with expected bottom at 72,900.

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iMemon May 13, 2024 10:07AM ET

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The Session Wrap Up!!! Bulls Continued Exploring Uncharted Territory – Index Reached And Closed The Session At New All Time High Levels...... The bulls continued their exciting journey into uncharted territory, as index soared by 713 Points to end the session at new all time highs. During the session, the index started session with an upper gap and without filling that gap, it achieved a new all time high of 74,114, before ending the day at 73,799 with a massive score of 713 Points. Volumes from KSE-100 Index Stocks clocked at a total of 308.96 Million, which is marginally down by 3% from previous session and indicates that there was no aggressive selling amid intra-day correction from 74,100 zone.

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iMemon May 11, 2024 8:26AM ET

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Outlook & Expected Levels For The Coming Week (May 13 To May 17, 2024)...... The weekly closing above 72,800 keeps aggressive bulls in control, with next target zone of 73,410 to 73,670 in sight for coming week, followed by 74,100, where top for the week is expected. Having said that, it is important to note that the index is constantly posting new highs but RSI on both Daily & Weekly timeframes is not moving inline with the price and this concludes that negative divergence is in place. While, rising wedge formation since December 2023 highs, is further suggesting cycle top is on cards. Hence, Risk Management is more important at the current stage. Support for the week is now tilted up at 72,890 – 72,600 range, while expected bottom is at 71,900.

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iMemon May 11, 2024 8:16AM ET

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The Weekly Session Wrap Up!!! Bulls Made An Aggressive Comeback – Index Ended The Week With A Gain Of 1183 Points... Despite previous week’s closing as a Hanging Man the bulls did not lose the control, as index closed the week with a massive gain of 1183 Points with spark in volumes. During the week, the index did not just open the week with an upper gap, but without filling the gap it posted a new all time high of 73,449 before ending the week at an all time high of 73,085 with a massive score of 1183 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.395 Billion, which is up by 44.5% from previous week and indicates that aggressive buyers returned to the field.

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Muhammad Murtaza May 11, 2024 8:16AM ET

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Welcome back Memon Sb

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iMemon May 11, 2024 8:16AM ET

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Thanks

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Muhammad Yaseen Official May 06, 2024 3:36PM ET

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Market to lead towards 80,000 benchmark

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Muhammad Khawaja May 05, 2024 6:31PM ET

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Zalmo silkbank ko bi chala do tumhe Allah ka wasta ha 😔🙏🏻🙏🏻🙏🏻

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Solomon May 05, 2024 6:31PM ET

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Make Shaukat Tarin traitor sell his holdings--he owns 12%; Silk Bank will fly after that!

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amjad gul May 04, 2024 1:18PM ET

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High

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kamran ali May 03, 2024 7:11AM ET

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dead cat bounce

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