Weekly Report for Year Closing Dec. 2009
Well done Bulls
The New Rally about to Begin
By
Khalid Saifuddin
Thursday, Dec. 24th 2009
info@safelyinvest.com.pk
Market Technically:
KSE-100: Bear’s last wicket down by the amazing spell of bulls.
Congrats for Amazing success on this week trading, and folks tell you it is a great achievement if you make money in a lackluster market and you did.
Market looks fabulous and energetic for the near term future. We might see some resistance around 9,483; once crossing and closing above this level, bulls will be dancing all over.
The good news is market got out of depressive range and it may set new targets for near future. Furthermore the coming week closing will endorse the authenticity of the new rally.
I wish market would not close below 9,428, though it’s not a difficult target, but fewer indicators of market are blinking some selling on Monday. And breaking/closing below 9,315 will recharge the bears. Most of the negative events and political conflicts seem to be absorbed by the market.
Key Levels
9,719
9,591
9,483
9,289
9,170
9,067
Recommendation:
Now last call for investors is to re-arrange their portfolio and gear up for gaining high returns in March 2010. Focused buying is required to achieve the target.
It is required for investors to be very specific on scrip selection, target buy will benefit more than the market buys. Banking, Energy and Oil must be your primary selection. Insurance and Cement sector are already benefiting your capital gain
Recap of past week:
The past week had the amazing levels for our traders as our most of the buy calls honored and I am sure the readers of our reports and morning call realized the accuracy of our key levels in past week.
The ups and downs of the market behavior were monitored accurately and on behalf of these levels we had great buy calls. I was feared of going down from 9,293 but later on buyers along with the institutions manage to close the markets above the expected level, but if you guys remember the morning calls of the past week, that was pretty much updating on positive expectations.
And at the end market gone crazy by breaking most of the critical levels and manage to close in comfortable zone.
Market Fundamentals
By
Farkhunda Jabeen
Greenback revivifies: FDI and FIPI should serve as cushion to ensure the money-back.
A mammoth piece of liquidity is going to be injected in our liquidity-evicted economy in form of recent IMP tranche of $1.2 billion. It can be seen that Pakistan faced a 37 percent loss in investment by overseas investors in the first five months of this financial year. Thusly, this active liquidity thrust can revitalize our foreign reserves; however, the foreigners’ interests of direct investments in our economy should be sustained, especially considering the sensitive behavior of FIPIs to country’s uncertainty situation. Though FIPIs have notably rebounded this week compared to the last week, the two ‘golden’ drivers of foreign reserves should remain persistent and encouraged in order to uninterruptedly repay the loan. No doubt, some of our high potential sectors are encouragingly playing their role in enticing foreign investments specifically in the recent scenario of shedding foreign investment.
The IMF disbursement, along with first tranche of USD 500 mn under Kerry Lugar Financial Program would put the seasonal spike in external debt servicing burden on a normal footing and thus stabilize the PKR.
As far as the issue of eroding foreign reserves is concerned, Ministry of Finance is considering ingoing into a currency swap agreements with China and Malaysia, according to which these countries will import from us in PKR and we will import our raw material and capital goods from them in Yuan and ringgit respectively. The agreement is yet at its initial stage and it may take some time to become operational by the banks, but it can well contribute in sustaining our greenback reserves, internationally required currency units.
A good move also includes the designing of new investment policy to protect local and foreign investors. According to the policy, customs duty would be reduced from 5-1 percent on capital goods and raw materials. There would be no sales tax and withholding tax on import of machinery. This would help trim down the cost of setting up of industrial units in the country.
This assortment of triumphs should prove to be a positive elicit for our equity market.
On the other face, some rowdy issues include rise in electricity tariffs and gas shortage are severely affecting key industry players. Textile, being the main export participant, is suffering around billion of losses due to the prevalent crisis. Besides, exports under Export Processing Zone (EPZ) have declined by 10 percent during July-November 2009 against last equivalent period.
Forex
Market Trend
Current Bearish
Short term Range Bound
Medium term Bullish with profit taking
Long term Bullish
Technical Highlights:
EUR/USD - Current trend range bound with exhausted Sellers.
The EURUSD made a bottom on last day of its trading now restricting its further fall and I am expecting some upside correction up to 1.4500 levels, and from there you can do short again. Well but this time you are not going too long.
Fewer indicators supporting the bullish trend for the currency pair for weekly trade. And in fact I am bullish on pair for near future
I recommend pre planned entries by placing your long and short position as per given calls. It is the beauty of the market you are not required to stick to the screen.
I see stronger support around 1.4010 and 1.4035, and this zone has the bouncing ability too. I see breakout very close, currently pair trading in a range with offensive selling pressure, more possibilities of bullish trend after the breakout.
Long/Buy: Around 1.4324 add double of the first buy around 1.4235 and the stop loss for all positions below 1.4212.
Short: when you see the pair testing 1.4500 and then the next strategy is short around 1.4412 (when 60 minutes candle closes below this level after testing)
Fundamental Highlights:
Expectations are being raised that British economy would finally emerge from recession by the end of the year, but faces a fragile path of slow growth. According to CBI’s chief economic adviser, credit conditions would remain difficult as the banks slowly nurture themselves back to health, consumer spending will be shaped by the need to rebuild savings, and the public sector will soon have to tighten its belt. All three factors will act as headwinds to growth.
The biggest problem weighing on the euro is the sovereign debt crisis in EMU, which took on a new urgency last week. Greece and to a lesser extent Spain, Ireland and Portugal are facing deficits well in excess of the 3% stabilization treaty limits.
For U.S., home sales rose again, albeit moderately. Rebound has also been seen in durable goods orders after decline in October. This shows U.S. economic improvement on modest level.
Key Levels
1.4838
1.4794
1.4748
1.4681
1.4624
1.4581
1.4500
1.4442
1.4402
1.4373
1.4350
1.4316
1.4293
1.4263
1.4223
1.4070
1.3878
To receive live calls on EURO/USD with stop loss, please contact us at 9221-3432 2359 or 92345-276 8680.
High Risk Investment
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Sunday, December 27, 2009
Saturday, December 26, 2009
Last Report for 2009
Last Report for 2009
Well done Bulls
The New Rally about to Begin
Well done Bulls
The New Rally about to Begin
By
Khalid Saifuddin
Thursday, Dec. 24th 2009
info@safelyinvest.com.pk
Market Technically:
KSE-100: Bear’s last wicket down by the amazing spell of bulls.
Congrats for Amazing success on this week trading, and folks tell you it is a great achievement if you make money in a lackluster market and you did.
Market looks fabulous and energetic for the near term future. We might see some resistance around 9,483; once crossing and closing above this level, bulls will be dancing all over.
The good news is market got out of depressive range and it may set new targets for near future. Furthermore the coming week closing will endorse the authenticity of the new rally.
I wish market would not close below 9,428, though it’s not a difficult target, but fewer indicators of market are blinking some selling on Monday. And breaking/closing below 9,315 will recharge the bears. Most of the negative events and political conflicts seem to be absorbed by the market.
Key Levels
9,719
9,591
9,483
9,289
9,170
9,067
Recommendation:
Now last call for investors is to re-arrange their portfolio and gear up for gaining high returns in March 2010. Focused buying is required to achieve the target.
It is required for investors to be very specific on scrip selection, target buy will benefit more than the market buys. Banking, Energy and Oil must be your primary selection. Insurance and Cement sector are already benefiting your capital gain
Recap of past week:
The past week had the amazing levels for our traders as our most of the buy calls honored and I am sure the readers of our reports and morning call realized the accuracy of our key levels in past week.
The ups and downs of the market behavior were monitored accurately and on behalf of these levels we had great buy calls. I was feared of going down from 9,293 but later on buyers along with the institutions manage to close the markets above the expected level, but if you guys remember the morning calls of the past week, that was pretty much updating on positive expectations.
And at the end market gone crazy by breaking most of the critical levels and manage to close in comfortable zone.
Market Fundamentals
By
Farkhunda Jabeen
Greenback revivifies: FDI and FIPI should serve as cushion to ensure the money-back.
A mammoth piece of liquidity is going to be injected in our liquidity-evicted economy in form of recent IMP tranche of $1.2 billion. It can be seen that Pakistan faced a 37 percent loss in investment by overseas investors in the first five months of this financial year. Thusly, this active liquidity thrust can revitalize our foreign reserves; however, the foreigners’ interests of direct investments in our economy should be sustained, especially considering the sensitive behavior of FIPIs to country’s uncertainty situation. Though FIPIs have notably rebounded this week compared to the last week, the two ‘golden’ drivers of foreign reserves should remain persistent and encouraged in order to uninterruptedly repay the loan. No doubt, some of our high potential sectors are encouragingly playing their role in enticing foreign investments specifically in the recent scenario of shedding foreign investment.
The IMF disbursement, along with first tranche of USD 500 mn under Kerry Lugar Financial Program would put the seasonal spike in external debt servicing burden on a normal footing and thus stabilize the PKR.
As far as the issue of eroding foreign reserves is concerned, Ministry of Finance is considering ingoing into a currency swap agreements with China and Malaysia, according to which these countries will import from us in PKR and we will import our raw material and capital goods from them in Yuan and ringgit respectively. The agreement is yet at its initial stage and it may take some time to become operational by the banks, but it can well contribute in sustaining our greenback reserves, internationally required currency units.
A good move also includes the designing of new investment policy to protect local and foreign investors. According to the policy, customs duty would be reduced from 5-1 percent on capital goods and raw materials. There would be no sales tax and withholding tax on import of machinery. This would help trim down the cost of setting up of industrial units in the country.
This assortment of triumphs should prove to be a positive elicit for our equity market.
On the other face, some rowdy issues include rise in electricity tariffs and gas shortage are severely affecting key industry players. Textile, being the main export participant, is suffering around billion of losses due to the prevalent crisis. Besides, exports under Export Processing Zone (EPZ) have declined by 10 percent during July-November 2009 against last equivalent period.
Saturday, December 19, 2009
Striving bulls Losing hope in Karachi Stock Exchange
Weekly Report for 4th Week of Dec. 2009
“Striving bulls Losing hope”
By Khalid Saifuddin
Saturday, December 19, 2009
10:15pm
KSE-100: Trend Bearish – Pressures hitting from all directions
The utmost daring activities of bulls resisted strongly by bears. My given feared zone resulted with strong selling pressure and pushes the bulls back onto lower limits. Though bulls recorded their highest level of skill by testing our level twice in past week.
Market currently in bearish trend with the aggravating bear’s pressure, as per current scenario I don’t see market going above 9293 but have more room in downward direction, tell you breaking the 8,815 will bring real disaster to the market.
9,165 have bouncing capacity and we may see some support between 9,165 and 9,114. Breaking this zone will take market to 8,992. Bulls will get back in the market with power around 8,950.
Recommendation:
It is required for investors to be very specific on scrip selection, target buy will benefit more then the market buys. Banking, Insurance and Cement sector can give some gain in this week. Focusing on given level will give you the chance of capital gain in a bearish market.
Recap:
That’s true the utmost daring activities of bulls recorded this week against the immense selling pressure, and as I warned about the feared resistance zone, that act strongly and make bulls getting on back foot. Thanks to almighty we did not see much of terror events in the past week, but as I mentioned in one of my morning call that, I am not convinced with the 250 positive points on Monday.
And if you noticed that proved in following days, and I also like to remind my friends about my level of 9,248, continuously three days I was warning all of my readers to please consider this level for your offloading decisions.
I think now it is easy to realize, but remember time never returns, so it is good to analyze your decision before execution.
Market Fundamentals
By
Farkhunda Jabeen
KSE: Liquidity-driven market fundamentals are waiting for recouped investors’ buoyancy
Versatile ragbags of foreign investment initiatives ahead are making their way effectively to infuse liquidity in different untapped sectors. China, U.S., Korea, and France have profound interest in capitalizing our banking and power sector. Although political uncertainty and worst law and order situation has rigorously added ‘red’ in investors’ portfolio, some attractive fundamentals have potent enough to restore bull-power of our ‘diffident’ investors. The liquidity-bound initiatives also include monetary ease off at the top of the list, which would not only relax the credit cost of banks but also of the scrips to which banks are exposed. Relaxation in FSV benefit and higher banking spread would be a strong catalyst for banks. These initiatives would lead to bottoming out the earning duck in the financial results of CY09. To boost investors’ sentiment, meliorated credit ratings from key ratings agencies and ADB’s forecast of economic growth to 3 percent in FY10, on the back of upcoming public expenditure program, are flattering go-aheads. This would facilitate in reaching GDP growth to 3 percent this fiscal year. Although power crisis is persistent, forthcoming power projects would well overcome its burden.
Sector Highlights: Welcoming the fresh rally of result announcements
Past quarter corporate earnings across all sectors were not uniform and the trend represented significant divergence, though overall July-Sept financial reporting season rounded off with 7 per cent growth in earnings, likened with the last year matching period. For this quarter, same pattern of sector-specific performance may remain, though some sectors are well expected to be added among the high-earning ones. Banks and few insurance and fertilizer scrip are among them. On monthly basis, OMCs achieved remarkable offtake numerals in October. However, auto sector depicted seasonal decline. Textile, refineries, and cement can also linger in depression.
External front: Rupee can grind to a halt in the wrestle of inflows and outflows
Political uncertainty has also influenced foreign investments recently, apart of local one. FDI has been dropped to 52 percent during first five months of FY10. Rupee has also gone under pressure as dollar demand has rushed. Next, SBP’s move to transfer oil import payment to private sector has brought about only one-time southward trend in rupee, though it would get stable anon, at least in inter-bank market. Besides, although narrowing of CAD to $1.35bn in July-Nov is a good feat, it is backed by lower exports and imports, which reveals hampering of employment. Rupee has thus got stuck in the fight of inflows and outflows initiatives. We may enjoy liquidity through the next IMF tranche of $1.2 billion but it would later on put bonus pressure on rupee at repayment time. On the other side, Upcoming FDI in our unexploited sectors would be a ‘positive’ inflow for our external balance.
Technical Highlights:
EUR/USD
The pair still under immense selling pressure with the continuous bearish trend, but here I suggest my readers to start doing the profit taking of their shorts. Currently it is not advisable to long positions for holding, the pair is going to set new structure, it may give chance to short more in pair, short term possibilities exist for both long and short by honoring the given key levels.
For now I recommend long for short term profitability, trading below 1.4333 will bring more bears into the ring, possible profit taking around 1.4480. Once trading started over 1.4480, it will stabilize the pair for upside move. 1.4437 can also play as weaker resistance, before testing the 1.4480.
Fundamental Highlights:
U.S. economy recommenced growth in the third quarter, ending four straight quarters of decline. The euro zone recorded its first quarter of economic growth in more than a year in the July-September period. Given that the recovery in both regions has been largely driven by government stimulus, there have been fears of a double-dip recession – a scenario where the economy perks up temporarily only to contract again. Thus, IMF seems this recovery as fragile. However, labor markets have generally lagged the recovery. On weekly basis, CPI & PPI rates turned back in positive territory, industrial production increased and housing rebounds after a huge fall, in U.S. In Europe, German IFO Business Sentiment reached at 17 month highs. Euro zone’s October trade balance rose by 57 percent, however CA surplus dropped by 8 percent. Looking ahead Russian Nov Unemployment Rate may have reached to 7.8% and Russian Nov Retail Sales growth may have been dropped to 0.7%.
To receive live calls on EURO/USD with stop loss, please contact us at 9221-3432 2359 or 92345-276 8680.
High Risk Investment
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
“Striving bulls Losing hope”
By Khalid Saifuddin
Saturday, December 19, 2009
10:15pm
KSE-100: Trend Bearish – Pressures hitting from all directions
The utmost daring activities of bulls resisted strongly by bears. My given feared zone resulted with strong selling pressure and pushes the bulls back onto lower limits. Though bulls recorded their highest level of skill by testing our level twice in past week.
Market currently in bearish trend with the aggravating bear’s pressure, as per current scenario I don’t see market going above 9293 but have more room in downward direction, tell you breaking the 8,815 will bring real disaster to the market.
9,165 have bouncing capacity and we may see some support between 9,165 and 9,114. Breaking this zone will take market to 8,992. Bulls will get back in the market with power around 8,950.
Recommendation:
It is required for investors to be very specific on scrip selection, target buy will benefit more then the market buys. Banking, Insurance and Cement sector can give some gain in this week. Focusing on given level will give you the chance of capital gain in a bearish market.
Recap:
That’s true the utmost daring activities of bulls recorded this week against the immense selling pressure, and as I warned about the feared resistance zone, that act strongly and make bulls getting on back foot. Thanks to almighty we did not see much of terror events in the past week, but as I mentioned in one of my morning call that, I am not convinced with the 250 positive points on Monday.
And if you noticed that proved in following days, and I also like to remind my friends about my level of 9,248, continuously three days I was warning all of my readers to please consider this level for your offloading decisions.
I think now it is easy to realize, but remember time never returns, so it is good to analyze your decision before execution.
Market Fundamentals
By
Farkhunda Jabeen
KSE: Liquidity-driven market fundamentals are waiting for recouped investors’ buoyancy
Versatile ragbags of foreign investment initiatives ahead are making their way effectively to infuse liquidity in different untapped sectors. China, U.S., Korea, and France have profound interest in capitalizing our banking and power sector. Although political uncertainty and worst law and order situation has rigorously added ‘red’ in investors’ portfolio, some attractive fundamentals have potent enough to restore bull-power of our ‘diffident’ investors. The liquidity-bound initiatives also include monetary ease off at the top of the list, which would not only relax the credit cost of banks but also of the scrips to which banks are exposed. Relaxation in FSV benefit and higher banking spread would be a strong catalyst for banks. These initiatives would lead to bottoming out the earning duck in the financial results of CY09. To boost investors’ sentiment, meliorated credit ratings from key ratings agencies and ADB’s forecast of economic growth to 3 percent in FY10, on the back of upcoming public expenditure program, are flattering go-aheads. This would facilitate in reaching GDP growth to 3 percent this fiscal year. Although power crisis is persistent, forthcoming power projects would well overcome its burden.
Sector Highlights: Welcoming the fresh rally of result announcements
Past quarter corporate earnings across all sectors were not uniform and the trend represented significant divergence, though overall July-Sept financial reporting season rounded off with 7 per cent growth in earnings, likened with the last year matching period. For this quarter, same pattern of sector-specific performance may remain, though some sectors are well expected to be added among the high-earning ones. Banks and few insurance and fertilizer scrip are among them. On monthly basis, OMCs achieved remarkable offtake numerals in October. However, auto sector depicted seasonal decline. Textile, refineries, and cement can also linger in depression.
External front: Rupee can grind to a halt in the wrestle of inflows and outflows
Political uncertainty has also influenced foreign investments recently, apart of local one. FDI has been dropped to 52 percent during first five months of FY10. Rupee has also gone under pressure as dollar demand has rushed. Next, SBP’s move to transfer oil import payment to private sector has brought about only one-time southward trend in rupee, though it would get stable anon, at least in inter-bank market. Besides, although narrowing of CAD to $1.35bn in July-Nov is a good feat, it is backed by lower exports and imports, which reveals hampering of employment. Rupee has thus got stuck in the fight of inflows and outflows initiatives. We may enjoy liquidity through the next IMF tranche of $1.2 billion but it would later on put bonus pressure on rupee at repayment time. On the other side, Upcoming FDI in our unexploited sectors would be a ‘positive’ inflow for our external balance.
Technical Highlights:
EUR/USD
The pair still under immense selling pressure with the continuous bearish trend, but here I suggest my readers to start doing the profit taking of their shorts. Currently it is not advisable to long positions for holding, the pair is going to set new structure, it may give chance to short more in pair, short term possibilities exist for both long and short by honoring the given key levels.
For now I recommend long for short term profitability, trading below 1.4333 will bring more bears into the ring, possible profit taking around 1.4480. Once trading started over 1.4480, it will stabilize the pair for upside move. 1.4437 can also play as weaker resistance, before testing the 1.4480.
Fundamental Highlights:
U.S. economy recommenced growth in the third quarter, ending four straight quarters of decline. The euro zone recorded its first quarter of economic growth in more than a year in the July-September period. Given that the recovery in both regions has been largely driven by government stimulus, there have been fears of a double-dip recession – a scenario where the economy perks up temporarily only to contract again. Thus, IMF seems this recovery as fragile. However, labor markets have generally lagged the recovery. On weekly basis, CPI & PPI rates turned back in positive territory, industrial production increased and housing rebounds after a huge fall, in U.S. In Europe, German IFO Business Sentiment reached at 17 month highs. Euro zone’s October trade balance rose by 57 percent, however CA surplus dropped by 8 percent. Looking ahead Russian Nov Unemployment Rate may have reached to 7.8% and Russian Nov Retail Sales growth may have been dropped to 0.7%.
To receive live calls on EURO/USD with stop loss, please contact us at 9221-3432 2359 or 92345-276 8680.
High Risk Investment
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Monday, December 14, 2009
Karachi Stock Exchange for Tuesday, 15th Dec
Morning Call for Tuesday the 15th Dec. 2009
“Striving Bulls kicked Bears out of ring”
By Khalid Saifuddin
Monday December, 14th, 2009
KSE-100: Just got Bullish
The utmost daring activities resulted in kicking bears out of ring, sustaining 9,000 levels last week supported bulls to turn the upside down.
The fear, the depression gradually going far now, and the local investors gearing up for new rides, as I was telling you guys not to forget the last Qtr expectation, well the Dubai bail out plan and rallies in global market is not that important in my personal view.
In my last report I mentioned the rising early indication of bullish trend, that comes true today and now for the second day of the week I am not really convince of having same energy in bulls. I am feared of zone between 9.297 and 9,355. This zone can be the most resisting area for the market.
For bulls I would say trading over 9,275 all day will be good, and the new comers must think of their stop loss around 9,248.
For Medium term Investors (Clients) only
I like to congratulate our clients for accurately having their buys on targeted price of Banking, Fertilizer and Insurance sector sent on 6th, November, 19th, November and 9th, December respectively. So, get ready to calculate gains on your capital since some of our recommended scrip are very close to their first offloading target. Please do not hesitate to ask for further details on your portfolios.
Thanks and regards
Khalid Saifuddin
0345-276 8680
021-3432 2359
To receive live calls on KSE-100 Scrip and EURO/USD with stop loss, please contact us at 9221-3432 2359 or 92345-276 8680.
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
“Striving Bulls kicked Bears out of ring”
By Khalid Saifuddin
Monday December, 14th, 2009
KSE-100: Just got Bullish
The utmost daring activities resulted in kicking bears out of ring, sustaining 9,000 levels last week supported bulls to turn the upside down.
The fear, the depression gradually going far now, and the local investors gearing up for new rides, as I was telling you guys not to forget the last Qtr expectation, well the Dubai bail out plan and rallies in global market is not that important in my personal view.
In my last report I mentioned the rising early indication of bullish trend, that comes true today and now for the second day of the week I am not really convince of having same energy in bulls. I am feared of zone between 9.297 and 9,355. This zone can be the most resisting area for the market.
For bulls I would say trading over 9,275 all day will be good, and the new comers must think of their stop loss around 9,248.
For Medium term Investors (Clients) only
I like to congratulate our clients for accurately having their buys on targeted price of Banking, Fertilizer and Insurance sector sent on 6th, November, 19th, November and 9th, December respectively. So, get ready to calculate gains on your capital since some of our recommended scrip are very close to their first offloading target. Please do not hesitate to ask for further details on your portfolios.
Thanks and regards
Khalid Saifuddin
0345-276 8680
021-3432 2359
To receive live calls on KSE-100 Scrip and EURO/USD with stop loss, please contact us at 9221-3432 2359 or 92345-276 8680.
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Saturday, December 5, 2009
Karachi Stock Exchange
KSE-100 “Elevating Fear in a Falling Market”
By
Khalid Saifuddin
Sunday, Nov. 29th 2009
info@safelyinvest.com.pk
KSE-100
Market gone thru a depressive week with really low volumes, most of the expected danger was already mentioned in earlier report and posts; more range bound activities expected with the depression, few little upward moves will not open avenues for buyers. Now we have more indications for down trend. The last Qtr corporate results may support the market.
9,130 to 9,185 can be a major resisting zone for the market, crossing this zone with the bull power will give confidence to the investors.
The impact of Dubai crisis in global market is not over. The investors required to focus precisely on foreign investor’s position because the first week of December recorded the outflow of 41% of November holdings, so if this continues then the market will definitely get into complete bearish trend from the current range bound activities. Though the local institutions were supporting the market and the very few developments like the war on terror wasn’t able to support market and at the end Pindi blast become the last nail in the coffin and the fear of security will impact more in near future. Increase in trader’s participation may strengthen the market little bit. I see US will be using the Weapon of funds inflow to strengthen Pakistani administration anarchy, as we get more inflows after the series of drone attacks. IMF also preparing to review on 12th, I am still wishing for have leverage back to the market, all these may charge bulls a little bit
Recommendation:
Traders must be very picky in present scenario, OIL, Fertilizer and Energy sector will be a good choice for trading, and Insurance can also benefit to small lot traders.
Recap of past week:
In our last report it was clearly indicated about the danger. We also highlighted the major concern which can affect the market and they did, at the end market closed in danger zone with shrunken volumes and range bound activities for the week
As it was mentioned earlier that Market currently at decisive point and the issues like NRO, 17th amendment, possible reshuffling in Cabinet, Sindh Governorship, burning Baluchistan, the corporate circular debts, industrial crisis, power shortage and upcoming gas shortage will keep the investors away from the market. Thanks to almighty we do not have the direct impact of global markets which are affected by Dubai crisis. Though the local institutions were supporting the market and the very few developments like the war on terror may help market but the Pindi blast become the last nail in the coffin and ultimately the week concluded with depression
Market Fundamentals: Weekly Snapshot
By
Farkhunda Jabeen
Sunday, Dec. 6th 2009
info@safelyinvest.com.pk
Our financially globalize equity market is indigent amid flagging foreign investors’ confidence.
After rewarding optimistic reception to monetary policy and ricocheting economic indicators, waning confidence of foreign investors in the course of recent Dubai financial crisis is continued to lead our equity markets to an oversold position. KSE index hit hard along with other equity indices worldwide. The index is now ready to turn and stay red following any signal about pressures on it. Although Pakistan banks' exposure to Dubai crisis is within manageable margins but eroded risk appetite can influence FPI that has been the key driver of KSE.
While visualizing medium and long-term outlook, some favorable developments are in pipeline. Pak-German BIT is one of them. The pact is not only providing insurance against social and political risks of Pakistan but also paving the way for its unrealized investment potential, exploiting its untapped resource base, and enhancing financial assistance. This unrealized potential has also been realized by some other nations which are geared up to access the potential through different pacts. Mounting export of our skilled manpower is also adding on the imminent optimism of the country on the back of increasing remittances. Another financial assistance of $500 million is being assured by World Bank to facilitate the economy to get back on track.
In terms of specific sectors, power sector shows northward outlook of its trend at KSE. IPPs are chief beneficiary in this case which ensure decent returns and high earnings certainty. Upcoming expansion projects would also boost the sector’s performance. But on the other side, sharp hike in gas prices by 18 percent are depressing fundamentals of textile and cement sector. Increase in prices of cotton and its supply-shortage are further disturbing textile sector in its critical budding stage of recovery. Plus, on going circular debt issue is raising liquidity concerns for OMCs, Refineries, and IPPs. This may attack the supply chain of oil to IPPs.
So, a mix bag of optimistic and pessimistic sector-wise performance is taking its position. To reap the fruit of forthcoming opportunities, foreign portfolio investment should spring back on their track to recuperate the country’s risk premium and have the market rally around the track where investors can re-envisage uphill trend.
FOREX
EUR/USD
By
Khalid Saifuddin
Sunday, Nov. 29th 2009
info@safelyinvest.com.pk
Technical Highlights:
USD against EURO climb after the news for the Non Farm Payrolls, and it never looked back. U.S. Economy only lost 11,000 jobs as it was estimated 108,000 off. The EUR/USD pair reacted suddenly and moved 200 pips in downside on last day of the week, later on supported at the strongest support. This bounce off of the strong support level could provide an excellent opportunity to get into buy of EURO targeting 1.4910 level. (we already given a buy call on Friday)
And if the pair breaks the level and hit our stop loss then we will see a major bearish move, currently pair go up, then medium term selling pressure expected long term is Bullish
Fundamental Highlights: Strong capital positions seem to dodge the bullet.
Gone the threats of hurting from world’s financial crisis; recent Dubai debt crisis has swapped the same threatening spot to hurt financial markets, despite recent and imminent signs of economic revitalization. Different regions, from Asia to Europe, have exposure to Dubai debt, though impact of Dubai debt crisis is country-specific; not the region one. Fundamentally, currencies of U.S. and Euro zone should be least affected by it. U.K, being one of the high exposed countries, has not much currency-wise attachments to EUR. However, banks of these nations are ready to dodge the bullet on the back of their strong capital positions. Other highly exposed nations include U.A.E as well as Dubai itself. Over and above, the impact of investors’ sentiments shouldn’t be dubbed under fundamental upshots. These sentiments are not only impinging on Forex but also on equity markets throughout the countries of different regions. What can be complimentary now, is the behavior of investors who are gearing up to divest from Dubai markets and invest in other burgeoning markets where news flow is playing its part lucratively to defend the respective countries in terms of having least exposure and thus being least concerned.
For further assistance and live calls on EUR/USD you are always welcome to contact me @ safelyinvest@gmail.com
Disclaimer: This commentary, key levels and news are not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
By
Khalid Saifuddin
Sunday, Nov. 29th 2009
info@safelyinvest.com.pk
KSE-100
Market gone thru a depressive week with really low volumes, most of the expected danger was already mentioned in earlier report and posts; more range bound activities expected with the depression, few little upward moves will not open avenues for buyers. Now we have more indications for down trend. The last Qtr corporate results may support the market.
9,130 to 9,185 can be a major resisting zone for the market, crossing this zone with the bull power will give confidence to the investors.
The impact of Dubai crisis in global market is not over. The investors required to focus precisely on foreign investor’s position because the first week of December recorded the outflow of 41% of November holdings, so if this continues then the market will definitely get into complete bearish trend from the current range bound activities. Though the local institutions were supporting the market and the very few developments like the war on terror wasn’t able to support market and at the end Pindi blast become the last nail in the coffin and the fear of security will impact more in near future. Increase in trader’s participation may strengthen the market little bit. I see US will be using the Weapon of funds inflow to strengthen Pakistani administration anarchy, as we get more inflows after the series of drone attacks. IMF also preparing to review on 12th, I am still wishing for have leverage back to the market, all these may charge bulls a little bit
Recommendation:
Traders must be very picky in present scenario, OIL, Fertilizer and Energy sector will be a good choice for trading, and Insurance can also benefit to small lot traders.
Recap of past week:
In our last report it was clearly indicated about the danger. We also highlighted the major concern which can affect the market and they did, at the end market closed in danger zone with shrunken volumes and range bound activities for the week
As it was mentioned earlier that Market currently at decisive point and the issues like NRO, 17th amendment, possible reshuffling in Cabinet, Sindh Governorship, burning Baluchistan, the corporate circular debts, industrial crisis, power shortage and upcoming gas shortage will keep the investors away from the market. Thanks to almighty we do not have the direct impact of global markets which are affected by Dubai crisis. Though the local institutions were supporting the market and the very few developments like the war on terror may help market but the Pindi blast become the last nail in the coffin and ultimately the week concluded with depression
Market Fundamentals: Weekly Snapshot
By
Farkhunda Jabeen
Sunday, Dec. 6th 2009
info@safelyinvest.com.pk
Our financially globalize equity market is indigent amid flagging foreign investors’ confidence.
After rewarding optimistic reception to monetary policy and ricocheting economic indicators, waning confidence of foreign investors in the course of recent Dubai financial crisis is continued to lead our equity markets to an oversold position. KSE index hit hard along with other equity indices worldwide. The index is now ready to turn and stay red following any signal about pressures on it. Although Pakistan banks' exposure to Dubai crisis is within manageable margins but eroded risk appetite can influence FPI that has been the key driver of KSE.
While visualizing medium and long-term outlook, some favorable developments are in pipeline. Pak-German BIT is one of them. The pact is not only providing insurance against social and political risks of Pakistan but also paving the way for its unrealized investment potential, exploiting its untapped resource base, and enhancing financial assistance. This unrealized potential has also been realized by some other nations which are geared up to access the potential through different pacts. Mounting export of our skilled manpower is also adding on the imminent optimism of the country on the back of increasing remittances. Another financial assistance of $500 million is being assured by World Bank to facilitate the economy to get back on track.
In terms of specific sectors, power sector shows northward outlook of its trend at KSE. IPPs are chief beneficiary in this case which ensure decent returns and high earnings certainty. Upcoming expansion projects would also boost the sector’s performance. But on the other side, sharp hike in gas prices by 18 percent are depressing fundamentals of textile and cement sector. Increase in prices of cotton and its supply-shortage are further disturbing textile sector in its critical budding stage of recovery. Plus, on going circular debt issue is raising liquidity concerns for OMCs, Refineries, and IPPs. This may attack the supply chain of oil to IPPs.
So, a mix bag of optimistic and pessimistic sector-wise performance is taking its position. To reap the fruit of forthcoming opportunities, foreign portfolio investment should spring back on their track to recuperate the country’s risk premium and have the market rally around the track where investors can re-envisage uphill trend.
FOREX
EUR/USD
By
Khalid Saifuddin
Sunday, Nov. 29th 2009
info@safelyinvest.com.pk
Technical Highlights:
USD against EURO climb after the news for the Non Farm Payrolls, and it never looked back. U.S. Economy only lost 11,000 jobs as it was estimated 108,000 off. The EUR/USD pair reacted suddenly and moved 200 pips in downside on last day of the week, later on supported at the strongest support. This bounce off of the strong support level could provide an excellent opportunity to get into buy of EURO targeting 1.4910 level. (we already given a buy call on Friday)
And if the pair breaks the level and hit our stop loss then we will see a major bearish move, currently pair go up, then medium term selling pressure expected long term is Bullish
Fundamental Highlights: Strong capital positions seem to dodge the bullet.
Gone the threats of hurting from world’s financial crisis; recent Dubai debt crisis has swapped the same threatening spot to hurt financial markets, despite recent and imminent signs of economic revitalization. Different regions, from Asia to Europe, have exposure to Dubai debt, though impact of Dubai debt crisis is country-specific; not the region one. Fundamentally, currencies of U.S. and Euro zone should be least affected by it. U.K, being one of the high exposed countries, has not much currency-wise attachments to EUR. However, banks of these nations are ready to dodge the bullet on the back of their strong capital positions. Other highly exposed nations include U.A.E as well as Dubai itself. Over and above, the impact of investors’ sentiments shouldn’t be dubbed under fundamental upshots. These sentiments are not only impinging on Forex but also on equity markets throughout the countries of different regions. What can be complimentary now, is the behavior of investors who are gearing up to divest from Dubai markets and invest in other burgeoning markets where news flow is playing its part lucratively to defend the respective countries in terms of having least exposure and thus being least concerned.
For further assistance and live calls on EUR/USD you are always welcome to contact me @ safelyinvest@gmail.com
Disclaimer: This commentary, key levels and news are not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Monday, November 23, 2009
KSE-100 Feared Bulls bringing Bears back in the ring
KSE-100 Feared Bulls bringing Bears back in the ring
High Volatility expected with low volume in early hours
By:
Khalid Saifuddin
Monday, 23rd, Nov, 2009
Once again market getting out of its upward channel, yesterday market exactly closed around the critical level, and it was also observed the market tested the third given support.
All these are happening because of the present uncertainty due to NRO and the coming monetary policy, though we are not looking into any trouble making monetary policy. But investors shy to hold the positions.
Foreign investors still buying positions, just today their net buying was 865,507 USD and Mutual Funds were in buying too, they scored net buying of 889,836 USD, the shrinkage of volume added depression to the investors, though they were having an opportunity of buying their positions on cheaper price.
Now from here technically market getting into the bearish phase, the only hope for the market is to trade in positive zone today and closing above 9,247 will bring some hopes for Bulls.
Key Levels
9,425
9,368
9,320
9,286
9,247
9,216
9,176
9,144
9,119
9,086
9,037
8,990
Recommendations
Trade on key levels with the strict stop losses, market has more chances of going down from here, focus on your target buy.
Call for further assistance 021-3432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
High Volatility expected with low volume in early hours
By:
Khalid Saifuddin
Monday, 23rd, Nov, 2009
Once again market getting out of its upward channel, yesterday market exactly closed around the critical level, and it was also observed the market tested the third given support.
All these are happening because of the present uncertainty due to NRO and the coming monetary policy, though we are not looking into any trouble making monetary policy. But investors shy to hold the positions.
Foreign investors still buying positions, just today their net buying was 865,507 USD and Mutual Funds were in buying too, they scored net buying of 889,836 USD, the shrinkage of volume added depression to the investors, though they were having an opportunity of buying their positions on cheaper price.
Now from here technically market getting into the bearish phase, the only hope for the market is to trade in positive zone today and closing above 9,247 will bring some hopes for Bulls.
Key Levels
9,425
9,368
9,320
9,286
9,247
9,216
9,176
9,144
9,119
9,086
9,037
8,990
Recommendations
Trade on key levels with the strict stop losses, market has more chances of going down from here, focus on your target buy.
Call for further assistance 021-3432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, November 22, 2009
Weekly Forecast for KSE for 4th Week of Nov. 2009
Weekly Forecast for KSE for 4th Week of Nov. 2009
Market Technically: Bullish
By
Khalid Saifuddin
Friday Nov. 20th 2009
I am happy for all those who accurately followed the live calls and morning briefing, Shukar Alhumdulillah; despite of volatility market made possible for the day traders to book their returns. I hope you guys now realized why I was not encouraging the banking sector all week, likewise the performance of Cement sector. But tell you the securities performance was little weird.
I see comfortable position on political side, though we did not see any development, but government gaining confidence, the opposition once again on back foot.
The New government formation in Afghanistan made Pakistan more important in region. Leverage product on its way, government comfortably raised the power tariff.
Currently NFC award meetings enhanced the brotherhood among the provinces, now the next meeting in Lahore will bring some positive results.
Now the 9,425 will be giving resistance to the market and once breaking this level, then we will be having dancing Bulls everywhere. This week we achieved some of target buys for the last quarter portfolio.
On the other hand breaking 9,229 may bring Bears back in ring. So far the FIPI and the local institution supported market by buying new positions and I am sure this support will be continued as most of the scrip still trading on discount rate.
Recommendation:
Market is in Bullish phase, it is required to be specific on your scrip selection. Please follow the morning call and our key levels for your trades.
Key Levels
9662
9572
9484
9425
9229
9123
8952
Market Fundamentals: Weekly Snapshot
By
Farkhunda Jabeen
Friday Nov. 20th 2009
Foreign-awarded investment appetite should redress local threats’ upshot.
Cross-border stream of equity investments is portraying mount in financial globalization. The increasing foreign reserves coupled with improved appetite for foreign investors to invest in our capital markets would help reduce the country’s risk premium and so the cost of capital. This in turn should prop up local investors to invest in money-spinning projects and thus further boost the performance of capital market. In part of our banking sector, loan portfolios are apt to recuperate in forthcoming quarters, primarily in correspondence to the risk-avert attitude of banks toward fresh lending. Though the rebound is still at its infant stage and can witness sector’s depression on account of some prevalent factors, SBP’s monetary-freeing initiative would be a favorable driver for fresh banking rally. However, the upcoming threat for our already ramshackle industry and trade is looming in form of hike in power tariff and surging imported inflation. At local level, SPI has also increased not only for the lowest income group by 1.18 percent but also for combined group by 0.92 percent on weekly basis, bullying superfluous push in consumption levels. Threat of social insecurity is also diverting FDI towards foreign aids pushing the country under foreign dependencies. This calls for proper coordination among fiscal, monetary and foreign trade policies as well as control in political and social uncertainty to at least balance the economy in severe slam stage. Until these initiatives, foreign portfolio investments and softening monetary condition should alleviate the outcomes of these threats to some extent leastways.
We congratulate our clients that our target buy levels given in Commercial Banking Report on Nov. 5 have been hit.
Forex
By
Khalid Saifuddin
Friday Nov. 20th 2009
I hope you might have profitably traded with our accurately tested buying calls.
Pair rotation glimpsed.
Slow revival of U.S. economy signals going on rally but volatility may take its toll.
After shaking off an aborted rally aloft, Euro deflated against dollar, followed by downside in European equity markets on account of an array of second-rate corporate news and commodity price declines in coupled with revised OECD GDP forecasts. Rebound in dollar was driven by Federal Reserve Chairman Bernanke’s lashing comments regarding implications of changes in the value of the dollar as well as by interest rate cut for extended period.
Going forward, U.S. economic indicators depict modest recovery owing to little rise in retail auto sales, industrial production and housing. This slightly raised core inflation. Yet, the pace of growth seems too slow to keep the rotation. Unemployment is forecasted to be sub-par for at least first two quarters of the coming year. The unemployment may further bring about credit risks for consumer and real estate debt. Interest rate cut and fiscal spending are expected to settle at the same track. However, upcoming mid-term elections in 2010 would squirt volatility and hence interest rates and dollar would prone to political pressures on Fed and vagaries of foreign central bank’s support for the dollar.
Trend: Sideways – empowering Bears (time 2:36pm Pak.Time)
Recommendation: Enter with Short and Follow the key levels (time 2:36pm Pak.Time)
EUR/USD is staying in range of 1.5000 and 1.4845. The selling pressure continuously pushing down the EURO, though bulls are striving hard to get back into game; very soon we are going to see the breakout in pair. Intraday possibilities become narrow; the short trades will be appreciated.
Target your short around 1.4845 and if you trail your stop loss then you can drag your target up to 1.4780.
I don’t see much of hopes for bullish sentiment in short term; you may see some retracement of the trend. Well I am more concentrating on short term trades to benefit most of the day traders.
Extract from Successful Calls Last Week
Symbol Action Short Price Buying Price Entry Time Exit Time Achieved Pips
EUR/USD S 1.48762 1.48546 11/20/2009 5:18 11/20/2009 7:01 21.6
EUR/USD S 1.48762 1.48537 11/20/2009 5:18 11/20/2009 7:01 22.5
EUR/USD S 1.49126 1.48846 11/17/2009 5:19 11/17/2009 7:57 28
EUR/USD S 1.48783 1.48308 11/20/2009 5:49 11/20/2009 7:07 47.5
EUR/USD S 1.48736 1.48308 11/20/2009 6:01 11/20/2009 7:07 42.8
Symbol Action Buy Price Selling Price Entry Time Exit Time Achieved Pips
EUR/USD B 1.4913 1.49227 11/20/2009 1:57 11/20/2009 2:04 9.7
EUR/USD B 1.48135 1.48235 11/20/2009 7:09 11/20/2009 7:12 10
To receive further live calls on EURO/USD with stop loss, please contact us.
s
Call for further assistance 0213-432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Market Technically: Bullish
By
Khalid Saifuddin
Friday Nov. 20th 2009
I am happy for all those who accurately followed the live calls and morning briefing, Shukar Alhumdulillah; despite of volatility market made possible for the day traders to book their returns. I hope you guys now realized why I was not encouraging the banking sector all week, likewise the performance of Cement sector. But tell you the securities performance was little weird.
I see comfortable position on political side, though we did not see any development, but government gaining confidence, the opposition once again on back foot.
The New government formation in Afghanistan made Pakistan more important in region. Leverage product on its way, government comfortably raised the power tariff.
Currently NFC award meetings enhanced the brotherhood among the provinces, now the next meeting in Lahore will bring some positive results.
Now the 9,425 will be giving resistance to the market and once breaking this level, then we will be having dancing Bulls everywhere. This week we achieved some of target buys for the last quarter portfolio.
On the other hand breaking 9,229 may bring Bears back in ring. So far the FIPI and the local institution supported market by buying new positions and I am sure this support will be continued as most of the scrip still trading on discount rate.
Recommendation:
Market is in Bullish phase, it is required to be specific on your scrip selection. Please follow the morning call and our key levels for your trades.
Key Levels
9662
9572
9484
9425
9229
9123
8952
Market Fundamentals: Weekly Snapshot
By
Farkhunda Jabeen
Friday Nov. 20th 2009
Foreign-awarded investment appetite should redress local threats’ upshot.
Cross-border stream of equity investments is portraying mount in financial globalization. The increasing foreign reserves coupled with improved appetite for foreign investors to invest in our capital markets would help reduce the country’s risk premium and so the cost of capital. This in turn should prop up local investors to invest in money-spinning projects and thus further boost the performance of capital market. In part of our banking sector, loan portfolios are apt to recuperate in forthcoming quarters, primarily in correspondence to the risk-avert attitude of banks toward fresh lending. Though the rebound is still at its infant stage and can witness sector’s depression on account of some prevalent factors, SBP’s monetary-freeing initiative would be a favorable driver for fresh banking rally. However, the upcoming threat for our already ramshackle industry and trade is looming in form of hike in power tariff and surging imported inflation. At local level, SPI has also increased not only for the lowest income group by 1.18 percent but also for combined group by 0.92 percent on weekly basis, bullying superfluous push in consumption levels. Threat of social insecurity is also diverting FDI towards foreign aids pushing the country under foreign dependencies. This calls for proper coordination among fiscal, monetary and foreign trade policies as well as control in political and social uncertainty to at least balance the economy in severe slam stage. Until these initiatives, foreign portfolio investments and softening monetary condition should alleviate the outcomes of these threats to some extent leastways.
We congratulate our clients that our target buy levels given in Commercial Banking Report on Nov. 5 have been hit.
Forex
By
Khalid Saifuddin
Friday Nov. 20th 2009
I hope you might have profitably traded with our accurately tested buying calls.
Pair rotation glimpsed.
Slow revival of U.S. economy signals going on rally but volatility may take its toll.
After shaking off an aborted rally aloft, Euro deflated against dollar, followed by downside in European equity markets on account of an array of second-rate corporate news and commodity price declines in coupled with revised OECD GDP forecasts. Rebound in dollar was driven by Federal Reserve Chairman Bernanke’s lashing comments regarding implications of changes in the value of the dollar as well as by interest rate cut for extended period.
Going forward, U.S. economic indicators depict modest recovery owing to little rise in retail auto sales, industrial production and housing. This slightly raised core inflation. Yet, the pace of growth seems too slow to keep the rotation. Unemployment is forecasted to be sub-par for at least first two quarters of the coming year. The unemployment may further bring about credit risks for consumer and real estate debt. Interest rate cut and fiscal spending are expected to settle at the same track. However, upcoming mid-term elections in 2010 would squirt volatility and hence interest rates and dollar would prone to political pressures on Fed and vagaries of foreign central bank’s support for the dollar.
Trend: Sideways – empowering Bears (time 2:36pm Pak.Time)
Recommendation: Enter with Short and Follow the key levels (time 2:36pm Pak.Time)
EUR/USD is staying in range of 1.5000 and 1.4845. The selling pressure continuously pushing down the EURO, though bulls are striving hard to get back into game; very soon we are going to see the breakout in pair. Intraday possibilities become narrow; the short trades will be appreciated.
Target your short around 1.4845 and if you trail your stop loss then you can drag your target up to 1.4780.
I don’t see much of hopes for bullish sentiment in short term; you may see some retracement of the trend. Well I am more concentrating on short term trades to benefit most of the day traders.
Extract from Successful Calls Last Week
Symbol Action Short Price Buying Price Entry Time Exit Time Achieved Pips
EUR/USD S 1.48762 1.48546 11/20/2009 5:18 11/20/2009 7:01 21.6
EUR/USD S 1.48762 1.48537 11/20/2009 5:18 11/20/2009 7:01 22.5
EUR/USD S 1.49126 1.48846 11/17/2009 5:19 11/17/2009 7:57 28
EUR/USD S 1.48783 1.48308 11/20/2009 5:49 11/20/2009 7:07 47.5
EUR/USD S 1.48736 1.48308 11/20/2009 6:01 11/20/2009 7:07 42.8
Symbol Action Buy Price Selling Price Entry Time Exit Time Achieved Pips
EUR/USD B 1.4913 1.49227 11/20/2009 1:57 11/20/2009 2:04 9.7
EUR/USD B 1.48135 1.48235 11/20/2009 7:09 11/20/2009 7:12 10
To receive further live calls on EURO/USD with stop loss, please contact us.
s
Call for further assistance 0213-432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Wednesday, November 18, 2009
Current View on Karachi Stock Exchange
KSE-100: –Profit taking still not over - Hold your positions
Do not loose Hopes, but if selling continuous below 9,101 then get out
Bulls initiated with the power as market started, but later on lost their control in front of Bears exactly from our 2nd resistance level. Market still got the inflow of USD 6,185,301 but the mutual fund observed selling around USD 4,985,279. Still market did not reached around my getting out call, as bull manage to hold 9,137 by supporting. As indicated in my last call to stay away from banking; banks are only recommended if you see your target buy price.
Now the Thursday is very important to evaluate the status of our portfolio, though market already took comfortable points for its intraday correction, with allowing the traders for profit taking. Trading below 9067 will take market under complete control of bears; I wish market would not see more then 50 negative points during trade.
It is required to have some bullish activities on Thursday to stay in the channel; I guess market will able to decide its trend today. The political and economic development may bring some buying. Unfortunately the local institutions are feared of buying; in fact it is good time for specially institution for having their focus buying.
Intraday traders must follow the key levels for their trading, and the focus buyer look for their target buying they might get some of the scrip around their target price.
Key Levels for Today will be:
9,360
9,315
9,276
9,230
9,185
9,145
9,101
9,067
9,020
8,987
8,922
Call for further assistance 0213-432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Do not loose Hopes, but if selling continuous below 9,101 then get out
Bulls initiated with the power as market started, but later on lost their control in front of Bears exactly from our 2nd resistance level. Market still got the inflow of USD 6,185,301 but the mutual fund observed selling around USD 4,985,279. Still market did not reached around my getting out call, as bull manage to hold 9,137 by supporting. As indicated in my last call to stay away from banking; banks are only recommended if you see your target buy price.
Now the Thursday is very important to evaluate the status of our portfolio, though market already took comfortable points for its intraday correction, with allowing the traders for profit taking. Trading below 9067 will take market under complete control of bears; I wish market would not see more then 50 negative points during trade.
It is required to have some bullish activities on Thursday to stay in the channel; I guess market will able to decide its trend today. The political and economic development may bring some buying. Unfortunately the local institutions are feared of buying; in fact it is good time for specially institution for having their focus buying.
Intraday traders must follow the key levels for their trading, and the focus buyer look for their target buying they might get some of the scrip around their target price.
Key Levels for Today will be:
9,360
9,315
9,276
9,230
9,185
9,145
9,101
9,067
9,020
8,987
8,922
Call for further assistance 0213-432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Current view on Karachi Stock Exchange
KSE-100: –Profit taking still not over - Hold your positions
Do not loose Hopes, but if selling continuous below 9,101 then get out
Bulls initiated with the power as market started, but later on lost their control in front of Bears exactly from our 2nd resistance level. Market still got the inflow of USD 6,185,301 but the mutual fund observed selling around USD 4,985,279. Still market did not reached around my getting out call, as bull manage to hold 9,137 by supporting. As indicated in my last call to stay away from banking; banks are only recommended if you see your target buy price.
Now the Thursday is very important to evaluate the status of our portfolio, though market already took comfortable points for its intraday correction, with allowing the traders for profit taking. Trading below 9067 will take market under complete control of bears; I wish market would not see more then 50 negative points during trade.
It is required to have some bullish activities on Thursday to stay in the channel; I guess market will able to decide its trend today. The political and economic development may bring some buying. Unfortunately the local institutions are feared of buying; in fact it is good time for specially institution for having their focus buying.
Intraday traders must follow the key levels for their trading, and the focus buyer look for their target buying they might get some of the scrip around their target price.
Key Levels for Today will be:
9,360
9,315
9,276
9,230
9,185
9,145
9,101
9,067
9,020
8,987
8,922
Call for further assistance 0213-432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Do not loose Hopes, but if selling continuous below 9,101 then get out
Bulls initiated with the power as market started, but later on lost their control in front of Bears exactly from our 2nd resistance level. Market still got the inflow of USD 6,185,301 but the mutual fund observed selling around USD 4,985,279. Still market did not reached around my getting out call, as bull manage to hold 9,137 by supporting. As indicated in my last call to stay away from banking; banks are only recommended if you see your target buy price.
Now the Thursday is very important to evaluate the status of our portfolio, though market already took comfortable points for its intraday correction, with allowing the traders for profit taking. Trading below 9067 will take market under complete control of bears; I wish market would not see more then 50 negative points during trade.
It is required to have some bullish activities on Thursday to stay in the channel; I guess market will able to decide its trend today. The political and economic development may bring some buying. Unfortunately the local institutions are feared of buying; in fact it is good time for specially institution for having their focus buying.
Intraday traders must follow the key levels for their trading, and the focus buyer look for their target buying they might get some of the scrip around their target price.
Key Levels for Today will be:
9,360
9,315
9,276
9,230
9,185
9,145
9,101
9,067
9,020
8,987
8,922
Call for further assistance 0213-432 2359 or 0345-276 8680
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Tuesday, November 17, 2009
Time to focus on target buy for last Qtr
KSE-100: – Consistent Profit taking observed - Hold your positions
Do not loose Hopes - Sit tight for the targets
Once again with the grace of Almighty my selling call honored and I am happy for all those who followed my profit taking call on 9,350. and I am sure whoever is getting my scrip analysis are having fun tonight as most of the scrip exactly went down from the given level.
I am not saying market is Bearish from here, Market still got the inflow of USD 4,489,475 today basically it was a regular profit taking call and scrip goes down to their support where it is still good to buy. Do not panic here, but it is wise to off load most of your positions if you see market trading below 9,110 and closing below this level will wake up bears.
Intraday traders must follow the key levels for their trading, and the focus buyer look for their target buying they might get some of the scrip around their target price. Volatility will exist and possibility of shrinkage in volume: I recommend all of my traders/investors to hold their positions. The ultimate hopes are still bullish;
Recommendations:
Please follow the scrip analysis under the light of above commentary on KSE-100 Index
Key Levels
9,491
9,422
9,385
9,334
9,249
9,204
9,178
9,110
9,064
8,991
8,946
8,879
Follow the last day scrip analysis, key levels are same. Try off loading your positions, and buy back half of it when you see a dip
Call me for any further query at 0213-432 2350 or 0345-276 8680 email @ safelyinvest@gmail.com
Have a good trade.
Regards
Khalid Saifuddin
Disclaimer: This commentary or key levels are not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Monday, November 16, 2009
Bhangras in Karachi Stock Exchange
KSE-100: Bullish – Bhangras of Bulls recorded
Secure traders advised profit taking around 9,350. Good to buy between 9,240 and 9,280 make your stop loss of 25 points below the buying range. Currently market targeting 9,640. Market welcomed inflow of 4,455,955 US dollars today and mutual funds were so vibrant scored positively 6,259,923 US dollars alone for market. Multiple developments make comfortable takeoff.
Breaking and closing below 9150 will be the indication for exit and 9,080 will be the exit for delivery holders.
For new readers some of my last day forecast:
I can see some fresh and vibrant buying and developing bullish sentiments from here, it is time for everybody to reschedule their portfolios targeting the Feb-Mar, 2010, as most of the scrip are trading on discounted rate with desire to go up, and some sectors are about to perform good in their last quarter.
Market is in Early Bullish mode, Volatility will exist until the market achieves its minimum required volumes; I recommend all of my traders/investors to hold their positions. The ultimate hopes are still bullish; market will give a chance to the target buyers for high returns.
Recommendations:
Please follow the scrip analysis under the light of above commentary on KSE-100 Index.
Call for more detail 0213-432 2359 or 0345-276 8680 email: safelyinvest@gmail.com
Key Levels for KSE-100
9,641
9,542
9,496
9,422
9,350
9,272
9,198
9,151
9,079
9,020
8,942
8,838
8,740
--
Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS
Wednesday, October 7, 2009
Karachi Stock Exchange for 8th October, 2009
Morning Briefing for Thursday 8th October, 2009
Exciting and Surprising Bullish Ride
Bulls...Bulls...Bulls...Bulls...Bulls...Bulls
WOW this is really a big time extravaganza for the market, I wasn’t able to forecast this many bulls in the market. Well now we got no chance for thinking about Bear power. But guys I still want my traders to watch out for dips and stay with your intraday entries, Market is now getting stable for the future. USD 7,375,013 inductions in FIPI will be an added advantage for the bulls. I don’t think market will trade over 10,000 this week.
Key Levels
9992
9855
9700-9725
9645
9600
9553
9497
OGDC - Bullish
Trading over 114.40 might take market to 117
117.30
114.40
113.30
112.05
110.65
108.10 Last Resort
LUCK - Bullish – currently no upper limit available
JSCL Currently Bearish - Buying with stop loss 39.25
42
41
40.10
39.45
38.50
37.50
36.30
PAKRI – Currently Bearish – Buy with stop loss 34.9
36.99
36.15
35.55
35.15
34.40
UBL- Bullish
61.95
60.90
59.85
59.15
58.75
58.05
NBP - Not established
If traded over 87.80 then real bullish, offload at 87.55 and buy back over 88
89.75
87.80 Strong resistance
86.30
85.65
84.42
AHSL Not established – Hold if traded well enough over 44.10, more chances of going down from this level
44.35 Strong resistance
43.71
42.75
42.15
AICL
121
117.95
115.10
112.80
BAFL – Bullish-Buy with the stop loss 13.92 – Closing over 14.16 will strengthen the bulls
14.85
14.25
14.00
13.79
13.59
13.39
13.28
I appreciate my traders if they call before actually getting into the buy, because I want them to be very careful. And celebrate their profit taking for now
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Disclaimer: This commentary or key levels are not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Exciting and Surprising Bullish Ride
Bulls...Bulls...Bulls...Bulls...Bulls...Bulls
WOW this is really a big time extravaganza for the market, I wasn’t able to forecast this many bulls in the market. Well now we got no chance for thinking about Bear power. But guys I still want my traders to watch out for dips and stay with your intraday entries, Market is now getting stable for the future. USD 7,375,013 inductions in FIPI will be an added advantage for the bulls. I don’t think market will trade over 10,000 this week.
Key Levels
9992
9855
9700-9725
9645
9600
9553
9497
OGDC - Bullish
Trading over 114.40 might take market to 117
117.30
114.40
113.30
112.05
110.65
108.10 Last Resort
LUCK - Bullish – currently no upper limit available
JSCL Currently Bearish - Buying with stop loss 39.25
42
41
40.10
39.45
38.50
37.50
36.30
PAKRI – Currently Bearish – Buy with stop loss 34.9
36.99
36.15
35.55
35.15
34.40
UBL- Bullish
61.95
60.90
59.85
59.15
58.75
58.05
NBP - Not established
If traded over 87.80 then real bullish, offload at 87.55 and buy back over 88
89.75
87.80 Strong resistance
86.30
85.65
84.42
AHSL Not established – Hold if traded well enough over 44.10, more chances of going down from this level
44.35 Strong resistance
43.71
42.75
42.15
AICL
121
117.95
115.10
112.80
BAFL – Bullish-Buy with the stop loss 13.92 – Closing over 14.16 will strengthen the bulls
14.85
14.25
14.00
13.79
13.59
13.39
13.28
I appreciate my traders if they call before actually getting into the buy, because I want them to be very careful. And celebrate their profit taking for now
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Disclaimer: This commentary or key levels are not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Tuesday, October 6, 2009
Karachi Stock Exchange Today
Morning Briefing for Wednesday 7th October, 2009
Hope everybody enjoying the roller coaster ride
Market Bullish currently trading 9793 @ 10:24
I hope you guys noticed the Low and High of the market which was closely tested.
I am not encouraging buyers, I want all of you to split your lots and avail the opportunity of BEST BUY.
Trading and closing above 9600 may energies the Bulls tomorrow, Most of the scrip can give a chance of buying on lows and profit taking today.
I see market will see a strong resistance between 9555 and 9580.
9382 will act as strong support for the market.
Volatility will still be the behavior of the market, buying will be good in certain scrip like insurance; Fertilizer and Cement, some of the banks are still strong enough to buy.
Key Levels
9855
9725
9645
9600
9553
9497
Thanks
khalid Saifuddin
Hope everybody enjoying the roller coaster ride
Market Bullish currently trading 9793 @ 10:24
I hope you guys noticed the Low and High of the market which was closely tested.
I am not encouraging buyers, I want all of you to split your lots and avail the opportunity of BEST BUY.
Trading and closing above 9600 may energies the Bulls tomorrow, Most of the scrip can give a chance of buying on lows and profit taking today.
I see market will see a strong resistance between 9555 and 9580.
9382 will act as strong support for the market.
Volatility will still be the behavior of the market, buying will be good in certain scrip like insurance; Fertilizer and Cement, some of the banks are still strong enough to buy.
Key Levels
9855
9725
9645
9600
9553
9497
Thanks
khalid Saifuddin
Sunday, October 4, 2009
Tips on Karachi Stock Exchange
Technical Forecast for KSE-100
For the First Week of Oct, 2009
By
Khalid Saifuddin
Sunday Oct, 4th 2009
Hi Folks:
Oops; thanks Almighty the volatile week is over, well I am happy for most of my clients who are already off loaded, and availed the opportunity of buying back few scrip on low.
I am still with my last statement that aggressiveness in bulls declined, and we are still under the correctional phase though the Friday bulls run was mainly because of the delay in Client level margining system, it is also been proved that the immense foreign buying wasn’t able to push the bears aside.
I am not looking into a severe bearish trend but I want traders to be prepared for any downside dip and avail the low buy opportunity. Let me tell you the best thing in ongoing trend is intraday correction which is keeping the index stable that will stabilize the market in future.
No trend is established yet, Selling pressure still exist in market closing below 9375 – 9420 from Tuesday to Thursday can bring little panic to the market.
Increasing foreign investment will strengthen the bulls.
Debate over NRO and Kerry Lugar bill can shake the confidence
Key Levels
9724
9648
9554
9440-9432
9305-9315
Caution: Bears are still focused ………Be Careful
Market Last Week Analysis:
Well last week was much volatile and Foreign buying played a vital role in keeping bulls in the ring; as mentioned in last report the aggressiveness of bulls will be low and it is about to loose their control on market.
I am happy for those traders who followed our off loading call earlier to the past week, our further view in our morning briefing was “The current political development and the on going debate on NRO may cause some selling pressure in the market, moreover the new Client Level Margining System will also encourage local investors to off load their positions, though the foreign investors doesn’t seems bothered.
Thursday market was volatile and seems to be controlled by Bears, but I will see its closing still near the bouncing zone. Corporate announcement will play vital role today.
Trading above 9346 will bring bulls back in ring; foreign buying of 2,143,912 USD is an additional support for bulls. Bulls will get more energy over 9441. Closing below 9298 on Friday will appreciate the Bears to control the next week.
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
For the First Week of Oct, 2009
By
Khalid Saifuddin
Sunday Oct, 4th 2009
Hi Folks:
Oops; thanks Almighty the volatile week is over, well I am happy for most of my clients who are already off loaded, and availed the opportunity of buying back few scrip on low.
I am still with my last statement that aggressiveness in bulls declined, and we are still under the correctional phase though the Friday bulls run was mainly because of the delay in Client level margining system, it is also been proved that the immense foreign buying wasn’t able to push the bears aside.
I am not looking into a severe bearish trend but I want traders to be prepared for any downside dip and avail the low buy opportunity. Let me tell you the best thing in ongoing trend is intraday correction which is keeping the index stable that will stabilize the market in future.
No trend is established yet, Selling pressure still exist in market closing below 9375 – 9420 from Tuesday to Thursday can bring little panic to the market.
Increasing foreign investment will strengthen the bulls.
Debate over NRO and Kerry Lugar bill can shake the confidence
Key Levels
9724
9648
9554
9440-9432
9305-9315
Caution: Bears are still focused ………Be Careful
Market Last Week Analysis:
Well last week was much volatile and Foreign buying played a vital role in keeping bulls in the ring; as mentioned in last report the aggressiveness of bulls will be low and it is about to loose their control on market.
I am happy for those traders who followed our off loading call earlier to the past week, our further view in our morning briefing was “The current political development and the on going debate on NRO may cause some selling pressure in the market, moreover the new Client Level Margining System will also encourage local investors to off load their positions, though the foreign investors doesn’t seems bothered.
Thursday market was volatile and seems to be controlled by Bears, but I will see its closing still near the bouncing zone. Corporate announcement will play vital role today.
Trading above 9346 will bring bulls back in ring; foreign buying of 2,143,912 USD is an additional support for bulls. Bulls will get more energy over 9441. Closing below 9298 on Friday will appreciate the Bears to control the next week.
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Saturday, September 26, 2009
KSE-100 for Sept, 2009
Technical Forecast for KSE-100
For Last week of Sept, 2009
ByKhalid Saifuddin
Saturday Sept, 26th 2009
Hi Folks:
Wow last couples of days in fact couple of weeks were amazing, nobody was expecting this much gain in the market. Market achieved 2487 points which is 34.65% from July first to 25th September. Foreign buying played a vital role in above said development. Now the aggressiveness of bulls getting low and it is about to loose their control on market. The trend of the market is still bullish, though the correction is due. And remember correction does not mean the Bearish trend it is always a healthier sign for the market. The last day of the week was very much volatile where market try to take its utmost correction for the day, so the Friday low was very close to the first bouncing line and now onwards we could expect the second possibility of bouncing at 9512. I appreciate all those traders who followed our off loading call on Thursday and Friday, now we like our traders to wait for a better buy. Market already absorbs most of the dollars by trading on upper limits of the channel, and now I don’t see any excitement because of the foreign investment.
Key Levels
9933
9718
9633
9445
Caution
No Excitement off load your positions without panic
Market Last Week:
Now the aggressiveness of bulls getting low and it is about to loose their control on market.The supporting trend line of the market is still bullish, though the correction is due. Monday closing above 9128 will be the bullish continuation and later it will add more energy to the bulls, Closing below 8915 brings more disaster to the bulls, and it appreciates the bears for few days. Whoever off load position on this week high will be the winner.I recommend my traders and investors to start getting out of the market here
For further analysis for any KSE scripPlease Call 0345-276 8680 Or 021-432 2359We recommend the entry and stop loss for daily traders
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
For Last week of Sept, 2009
ByKhalid Saifuddin
Saturday Sept, 26th 2009
Hi Folks:
Wow last couples of days in fact couple of weeks were amazing, nobody was expecting this much gain in the market. Market achieved 2487 points which is 34.65% from July first to 25th September. Foreign buying played a vital role in above said development. Now the aggressiveness of bulls getting low and it is about to loose their control on market. The trend of the market is still bullish, though the correction is due. And remember correction does not mean the Bearish trend it is always a healthier sign for the market. The last day of the week was very much volatile where market try to take its utmost correction for the day, so the Friday low was very close to the first bouncing line and now onwards we could expect the second possibility of bouncing at 9512. I appreciate all those traders who followed our off loading call on Thursday and Friday, now we like our traders to wait for a better buy. Market already absorbs most of the dollars by trading on upper limits of the channel, and now I don’t see any excitement because of the foreign investment.
Key Levels
9933
9718
9633
9445
Caution
No Excitement off load your positions without panic
Market Last Week:
Now the aggressiveness of bulls getting low and it is about to loose their control on market.The supporting trend line of the market is still bullish, though the correction is due. Monday closing above 9128 will be the bullish continuation and later it will add more energy to the bulls, Closing below 8915 brings more disaster to the bulls, and it appreciates the bears for few days. Whoever off load position on this week high will be the winner.I recommend my traders and investors to start getting out of the market here
For further analysis for any KSE scripPlease Call 0345-276 8680 Or 021-432 2359We recommend the entry and stop loss for daily traders
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Saturday, September 12, 2009
Karachi Stock Exchange for September, 09
Hi Folks:
The past whole week was amazing for bulls and surprising for bears, or those who were expecting some correction. Market achieved 10% gain in just two weeks. Remember I pointed out last week that the bulls look more aggressive then ever. Friday market reached the highest level, and now market again in position to have some correction, but the continues foreign buying is making bulls crazy.
I will still call the foreign buying a major source for bullish sentiment, the continuation in foreign buying will build the confidence in local investors, well remember CFS is still in a pipeline and it may add some more points to the market.
To see the recommended sectors for buying please call our office.
I still recommend my investors/traders to do not get excited with the trend, avoid holding positions; keep watching the foreign interests and political development within and outside the country.
KEY Levels
9211
9101
8968
8941
8879
8777
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Caution:
I recommend my readers to realize the current development in the country and the country’s economy, it is been observed some foreign interest in the country is developed, so the excitement of increasing dollar is over.
And remember good trader always follows the market, Market never follow your trade.
I do not see any big events happening in the market, the corporate announcements are not hitting any records. So stay tune with the current affairs development and honor the key levels of the market while trading
No Excitement off load your positions without panic
Last week Market:
The index was much volatile and tested the lower limit of the channel, most of the trading activities witnessed on upper limit of the channel.
Foreign buying still going on and much of it is absorbed in market, and stabilize the local investor’s confidence. The aggressiveness of the bulls declining, market indicated the correction possibilities to the investors.
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Amazing foreign buying reaches 198,208,483 US dollars from July 1st to 11th Sept.
The past whole week was amazing for bulls and surprising for bears, or those who were expecting some correction. Market achieved 10% gain in just two weeks. Remember I pointed out last week that the bulls look more aggressive then ever. Friday market reached the highest level, and now market again in position to have some correction, but the continues foreign buying is making bulls crazy.
I will still call the foreign buying a major source for bullish sentiment, the continuation in foreign buying will build the confidence in local investors, well remember CFS is still in a pipeline and it may add some more points to the market.
To see the recommended sectors for buying please call our office.
I still recommend my investors/traders to do not get excited with the trend, avoid holding positions; keep watching the foreign interests and political development within and outside the country.
KEY Levels
9211
9101
8968
8941
8879
8777
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Caution:
I recommend my readers to realize the current development in the country and the country’s economy, it is been observed some foreign interest in the country is developed, so the excitement of increasing dollar is over.
And remember good trader always follows the market, Market never follow your trade.
I do not see any big events happening in the market, the corporate announcements are not hitting any records. So stay tune with the current affairs development and honor the key levels of the market while trading
No Excitement off load your positions without panic
Last week Market:
The index was much volatile and tested the lower limit of the channel, most of the trading activities witnessed on upper limit of the channel.
Foreign buying still going on and much of it is absorbed in market, and stabilize the local investor’s confidence. The aggressiveness of the bulls declining, market indicated the correction possibilities to the investors.
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Amazing foreign buying reaches 198,208,483 US dollars from July 1st to 11th Sept.
Tuesday, September 8, 2009
KSE-100 for Sept, 2009
Technical Forecast for KSE-100
For 2nd week of Sept, 2009
Hi Folks:
The past whole week was amazing for bulls and surprising for bears, or those who were expecting some correction. Market achieved 10% gain in just two weeks. Remember I pointed out last week that the bulls look more aggressive then ever. Friday market reached the highest level, and now market again in position to have some correction, but the continues foreign buying is making bulls crazy.
I will still call the foreign buying a major source for bullish sentiment, the continuation in foreign buying will build the confidence in local investors, well remember CFS is still in a pipeline and it may add some more points to the market.
To see the recommended sectors for buying please call our office.
I still recommend my investors/traders to do not get excited with the trend, avoid holding positions; keep watching the foreign interests and political development within and outside the country.
KEY Levels
9536
9210
9123
9027
8969
8937
8865
8781
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Caution:
I don’t want my readers to get excited for any trend, make your mind and check your scrip position before getting into the market.
And remember good trader always follows the market, Market never follow your trade.
As per my understanding it is required to investigate and analyze the immense buying in our stocks, I do not see any big events happening in the market, the corporate announcements are not hitting any records. So stay tune with the news
No Excitement and No Panic
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
For 2nd week of Sept, 2009
Hi Folks:
The past whole week was amazing for bulls and surprising for bears, or those who were expecting some correction. Market achieved 10% gain in just two weeks. Remember I pointed out last week that the bulls look more aggressive then ever. Friday market reached the highest level, and now market again in position to have some correction, but the continues foreign buying is making bulls crazy.
I will still call the foreign buying a major source for bullish sentiment, the continuation in foreign buying will build the confidence in local investors, well remember CFS is still in a pipeline and it may add some more points to the market.
To see the recommended sectors for buying please call our office.
I still recommend my investors/traders to do not get excited with the trend, avoid holding positions; keep watching the foreign interests and political development within and outside the country.
KEY Levels
9536
9210
9123
9027
8969
8937
8865
8781
For further analysis for any KSE scrip
Please Call
0345-276 8680
Or 021-432 2359
We recommend the entry and stop loss for daily traders
Caution:
I don’t want my readers to get excited for any trend, make your mind and check your scrip position before getting into the market.
And remember good trader always follows the market, Market never follow your trade.
As per my understanding it is required to investigate and analyze the immense buying in our stocks, I do not see any big events happening in the market, the corporate announcements are not hitting any records. So stay tune with the news
No Excitement and No Panic
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, August 9, 2009
KSE-100 " Technical Forecast for August 10th - 13th, 2009
Technical Forecast for August 10th - 13th, 2009
By
Khalid Saifuddin
Sunday Aug, 9th 2009
Hi Folks:
My last week call for selling pressure turned to be wrong when market rose by 1.95%. Huge inflow of funds witnessed in Foreign investment portfolio, though it is observed selling pressure from the top but the bull power disregard the pressure and keep on pushing market up. This is third time market heading to test its high, the killings of Taliban Leaders and IMF support might make market to break 8019 level.
I suggest my traders to do some profit taking here and wait for market to break 8019 level with the pressure. It is always easy to get into the market but exit is always a difficult decision for traders. Breaking 7800 will add immense pressure and we might see some selling. So be careful.
Key Levels for this week (Please call for intraday Key levels)
R 2 8019
R 1 7902-7912
S 1 7830
S 2 7765
S 3 7687
Recommendations: Do not rush: ad more positions only in case of
Breaking 8019 Level.
Intraday Key Levels for Monday
For Entry Price and Stop Loss (Please Call)
SCRIP S2 S1 R1 R2
KSE-100 7,765 7,830 7,910 7,944
AHSL 29.55 30.25 30.85 31.28
ANL 25.45 25.85 26.30 26.70
ATRL 152.15 154.30 155.65 157.65
AICL 100.25 101.40 104.25 105.80
DGKC 37.35 38.00 39.20
FCCL 7.90 8.20 8.55 8.75
FFBL 18.50 18.85 19.45 19.80
FFC 93.10 93.75 94.25 94.85
JSCL 24.10 24.75 25.65 26.40
LUCK 75.15 76.55 77.50 78.15
MCB 160.95 165.45 168.80 171.75
NML 41.00 41.75 42.50 43.35
NBP 61.10 62.40 65.70 67.05
NETSOL 25.70 26.27 27.20 27.95
NIB 4.70 4.77 4.93 5.07
BAFL 10.70 10.83 11.10 11.36
OGDC 88.20 89.12 90.80 91.75
PAKRI 34.95 35.85 36.44 36.98
POL 166.10 167.67 169.10 170.70
PPL 183.95 186.35 189.80 190.90
UBL 41.60 42.40 43.40 44.02
ENGRO 133.00 134.75 137.25 138.90
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
By
Khalid Saifuddin
Sunday Aug, 9th 2009
Hi Folks:
My last week call for selling pressure turned to be wrong when market rose by 1.95%. Huge inflow of funds witnessed in Foreign investment portfolio, though it is observed selling pressure from the top but the bull power disregard the pressure and keep on pushing market up. This is third time market heading to test its high, the killings of Taliban Leaders and IMF support might make market to break 8019 level.
I suggest my traders to do some profit taking here and wait for market to break 8019 level with the pressure. It is always easy to get into the market but exit is always a difficult decision for traders. Breaking 7800 will add immense pressure and we might see some selling. So be careful.
Key Levels for this week (Please call for intraday Key levels)
R 2 8019
R 1 7902-7912
S 1 7830
S 2 7765
S 3 7687
Recommendations: Do not rush: ad more positions only in case of
Breaking 8019 Level.
Intraday Key Levels for Monday
For Entry Price and Stop Loss (Please Call)
SCRIP S2 S1 R1 R2
KSE-100 7,765 7,830 7,910 7,944
AHSL 29.55 30.25 30.85 31.28
ANL 25.45 25.85 26.30 26.70
ATRL 152.15 154.30 155.65 157.65
AICL 100.25 101.40 104.25 105.80
DGKC 37.35 38.00 39.20
FCCL 7.90 8.20 8.55 8.75
FFBL 18.50 18.85 19.45 19.80
FFC 93.10 93.75 94.25 94.85
JSCL 24.10 24.75 25.65 26.40
LUCK 75.15 76.55 77.50 78.15
MCB 160.95 165.45 168.80 171.75
NML 41.00 41.75 42.50 43.35
NBP 61.10 62.40 65.70 67.05
NETSOL 25.70 26.27 27.20 27.95
NIB 4.70 4.77 4.93 5.07
BAFL 10.70 10.83 11.10 11.36
OGDC 88.20 89.12 90.80 91.75
PAKRI 34.95 35.85 36.44 36.98
POL 166.10 167.67 169.10 170.70
PPL 183.95 186.35 189.80 190.90
UBL 41.60 42.40 43.40 44.02
ENGRO 133.00 134.75 137.25 138.90
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
Selling between 7900 - 7950 with stop loss 7985
Buying around 8030 for new rally
Buying around 8030 for new rally
We recommend the entry and stop loss for daily traders
Member Karachi Stock Exchange offering affordable online trading platform
Member Karachi Stock Exchange offering affordable online trading platform
Now trade your stocks at your desk
Services:
Professional training: “how to trade” and “what to trade”
Risk Management: “Exposure control, safe entries & perfect exits”
Research: “Technical Support, timings for your trade”
Update: “News & Views with timely updates on all related news”
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Services:
Professional training: “how to trade” and “what to trade”
Risk Management: “Exposure control, safe entries & perfect exits”
Research: “Technical Support, timings for your trade”
Update: “News & Views with timely updates on all related news”
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, August 2, 2009
Technical Forecast for August 3rd - 7th, 2009
Technical Forecast for August 3rd - 7th, 2009
By
Khalid Saifuddin
Sunday Aug, 2nd 2009
Hi Folks:
My last week call for selling pressure honored and for we have seen four consecutive negative trading days, and then all of sudden market recovered its most of the lost points, well guys I am not convinced with the Friday move. Once again I want traders to get out of fantasies and face the reality, I may be wrong but technically I am not looking at any bullish rally. Now foreign investor portfolio is also showing some outflow consecutively in last four days of week, though people are calling SC decision a remarkable victory for country, but here I see lot of hided issues, which will be come under lime light this week. Volumes were fair enough, but I am feeling increasing volatility with low volumes for coming week.
Key Levels
R2 7867
R1 7790-7808
S1 7575
S2 7492
S3 7268
Bears are still behind Bulls
High Volatility expected
With Low Volumes
Recommendations: I suggest my clients and readers to target their offloading on immediate resistance and wait for trend to establish. It is always better to do some risk management. Don’t you think it is better to enter in the market for low profit instead of having risky trade?
It is recommended to short/immediate offload on certain scrip for now, and most of them on resistance levels.
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
We cater with live calls to our exclusive clients
Now trade your stocks at your desk
Member Karachi Stock Exchange offering affordable online trading platform
Services:
Professional training: “ how to trade” and “ what to trade”
Risk Management: “Exposure control, safe entries & perfect exits”
Research: “Technical Support, timings for your trade”
Update: “News & Views with timely updates on all related news”
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
By
Khalid Saifuddin
Sunday Aug, 2nd 2009
Hi Folks:
My last week call for selling pressure honored and for we have seen four consecutive negative trading days, and then all of sudden market recovered its most of the lost points, well guys I am not convinced with the Friday move. Once again I want traders to get out of fantasies and face the reality, I may be wrong but technically I am not looking at any bullish rally. Now foreign investor portfolio is also showing some outflow consecutively in last four days of week, though people are calling SC decision a remarkable victory for country, but here I see lot of hided issues, which will be come under lime light this week. Volumes were fair enough, but I am feeling increasing volatility with low volumes for coming week.
Key Levels
R2 7867
R1 7790-7808
S1 7575
S2 7492
S3 7268
Bears are still behind Bulls
High Volatility expected
With Low Volumes
Recommendations: I suggest my clients and readers to target their offloading on immediate resistance and wait for trend to establish. It is always better to do some risk management. Don’t you think it is better to enter in the market for low profit instead of having risky trade?
It is recommended to short/immediate offload on certain scrip for now, and most of them on resistance levels.
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
We cater with live calls to our exclusive clients
Now trade your stocks at your desk
Member Karachi Stock Exchange offering affordable online trading platform
Services:
Professional training: “ how to trade” and “ what to trade”
Risk Management: “Exposure control, safe entries & perfect exits”
Research: “Technical Support, timings for your trade”
Update: “News & Views with timely updates on all related news”
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, July 26, 2009
Karachi Stock Exchange - Technical Forecast for July 27th - 31th, 2009
Technical Forecast for July 27th - 31th, 2009
By
Khalid Saifuddin
Sunday July 26th, 2009
Gear up for some more Pressure
Do not short on Monday
Hi Folks:
As I said earlier market is trading close to its highs, now the Bears got 65% control of the market, for last 2 weeks I was informing you guys, that I am not convinced for any strong bullish continuation. Most of the traders think the monetary policy is the major cause of the Friday pressure, but here I do not agree, well the rescheduling of the date of monetary policy can only make market more volatile that’s all.
Market is very accurately following its technical. Now I will call all traders to gear up for more pressure in market and buy new positions on given supports. (For more precise supports for intraday traders please call our office) I will suggest traders to watch our for any foreign selling this week, the past week FIP added more positions to their portfolio which is the only positive sign for the market
and if this will supported by some development in political and economic news will get market into its new channel which is already
initiated but not confirmed yet. Buying on Friday low can profit this week. We can experience some low volumes this week.
Key Levels for this week (Please call for intraday Key levels)
R 2 7931
R 1 7864
S 1 7725
S 2 7526
Recommendations: Target your buying on support level. It is recommended to short/immediate offload on certain scrip for now
Recap: As per my last week analysis and last couple of morning calls I strongly suggested offloading remaining positions, Now I congratulate all those who did that; luckily we got a great opportunity on Thursday to offload on amazing high. The whole week we experienced the market was controlled by the sellers. In my Friday call I predicted the negative 140 points which comes true by having low of 7732. Market only rose by 0.25% this week. So profit taking is proved once again right?
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
We cater with live calls to our exclusive clients
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in
securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is
NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
By
Khalid Saifuddin
Sunday July 26th, 2009
Gear up for some more Pressure
Do not short on Monday
Hi Folks:
As I said earlier market is trading close to its highs, now the Bears got 65% control of the market, for last 2 weeks I was informing you guys, that I am not convinced for any strong bullish continuation. Most of the traders think the monetary policy is the major cause of the Friday pressure, but here I do not agree, well the rescheduling of the date of monetary policy can only make market more volatile that’s all.
Market is very accurately following its technical. Now I will call all traders to gear up for more pressure in market and buy new positions on given supports. (For more precise supports for intraday traders please call our office) I will suggest traders to watch our for any foreign selling this week, the past week FIP added more positions to their portfolio which is the only positive sign for the market
and if this will supported by some development in political and economic news will get market into its new channel which is already
initiated but not confirmed yet. Buying on Friday low can profit this week. We can experience some low volumes this week.
Key Levels for this week (Please call for intraday Key levels)
R 2 7931
R 1 7864
S 1 7725
S 2 7526
Recommendations: Target your buying on support level. It is recommended to short/immediate offload on certain scrip for now
Recap: As per my last week analysis and last couple of morning calls I strongly suggested offloading remaining positions, Now I congratulate all those who did that; luckily we got a great opportunity on Thursday to offload on amazing high. The whole week we experienced the market was controlled by the sellers. In my Friday call I predicted the negative 140 points which comes true by having low of 7732. Market only rose by 0.25% this week. So profit taking is proved once again right?
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
We cater with live calls to our exclusive clients
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in
securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is
NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Thursday, July 16, 2009
Morning Call Dhian for Friday 17th, July, 2009
KSE-100 Over Bought
Market already had correction today and I am looking at more profit taking tomorrow, to stay in bullish trend market required to close above 7750, closing negatively will be weaker sign for the market.
Our level of 7670 was tested today and for Friday it may work as support again breaking this level will might take market to 140 negative points.
Recommendation: Profit taking, off load most of the scrip, some scrip still need to add more to your portfolio.
Expect some Volitality for 2 political updates
1. Meeting of Mr. Shariff with the president
2. SC decision about Mr. Shariff
Foreign Investor Portfolio
Thursday, July 16, 2009
Net Buy/(Sell)USD 292,544
July 13, 2009 to July 16, 2009
Net Buy/(Sell)USD 6,859,796
source NCCPL
For Further information please call 021-432 2359 or 0345-276 8680
or email safelyinvest@gmail.com
Disclaimer This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
KSE-100 Over Bought
Market already had correction today and I am looking at more profit taking tomorrow, to stay in bullish trend market required to close above 7750, closing negatively will be weaker sign for the market.
Our level of 7670 was tested today and for Friday it may work as support again breaking this level will might take market to 140 negative points.
Recommendation: Profit taking, off load most of the scrip, some scrip still need to add more to your portfolio.
Expect some Volitality for 2 political updates
1. Meeting of Mr. Shariff with the president
2. SC decision about Mr. Shariff
Foreign Investor Portfolio
Thursday, July 16, 2009
Net Buy/(Sell)USD 292,544
July 13, 2009 to July 16, 2009
Net Buy/(Sell)USD 6,859,796
source NCCPL
For Further information please call 021-432 2359 or 0345-276 8680
or email safelyinvest@gmail.com
Disclaimer This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Wednesday, July 15, 2009
Karachi Stock Exchange " Dhian for 16th July, 2009"
Dhian for 16th July 2009
KSE-100 tomorrow
Over bought
Buyers seems exhausted
Foreign Investment increased by USD$ 5,106,652 today
Recommendation Profit taking
Call for further details
021-432 2359 or 0345-276 8680
KSE-100 tomorrow
Over bought
Buyers seems exhausted
Foreign Investment increased by USD$ 5,106,652 today
Recommendation Profit taking
Call for further details
021-432 2359 or 0345-276 8680
Sunday, July 12, 2009
KSE-100 for 13th to 17th July 2009 Karachi Stock Exchange
By Khalid Saifuddin July, 12th , 2009 9:00 pm
Market is either a daring adventure, or nothing.
You already got these for now Profit taking only
Profit taking will be a secure decision
Hi Folks:
As per my last week analysis I suggested offloading remaining positions on Monday high, I congratulate all those who did that; though we have seen some amazing high on Tuesday. But later whole week we have seen market below Monday closing and as per my forecast we got the opportunity of buying back with correction and market made a low of 7430. I am still not looking at any bearish trend, but I am not convinced for any strong bullish rally from here. Market is trading close to its highs (I mentioned this last week) and I feel more sideways activity or mild bullish activity. My last week off loading call was because of the same feeling. Market only rose by 0.42% this week. Proved right? Technically market is not prepared for strong bullish rally unless it breaks 7670 with the pressure in first two days of the week. Increasing foreign interest in the market is the positive sign for the market though the buying was less then the last week. But I do not feel any panic selling in their portfolio. Another positive expectation is the in coming future product to the market.
Don’t forget to check your achievement ( to see that call us 9221-499 4322 or email us ar safelyinvest@gmail.com
Key Levels for this week (Please call for intraday Key levels)
R 2 7671
R 1 7547
S 1 7436
S 2 7322 - 7337
I am recommending the same what I did last week “buy on certain levels and selling in few scrips right now. I do not see any reason for Panic.
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359 We cater with live calls to our exclusive clients Please call or email us for detail PDF file and for news update
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Market is either a daring adventure, or nothing.
You already got these for now Profit taking only
Profit taking will be a secure decision
Hi Folks:
As per my last week analysis I suggested offloading remaining positions on Monday high, I congratulate all those who did that; though we have seen some amazing high on Tuesday. But later whole week we have seen market below Monday closing and as per my forecast we got the opportunity of buying back with correction and market made a low of 7430. I am still not looking at any bearish trend, but I am not convinced for any strong bullish rally from here. Market is trading close to its highs (I mentioned this last week) and I feel more sideways activity or mild bullish activity. My last week off loading call was because of the same feeling. Market only rose by 0.42% this week. Proved right? Technically market is not prepared for strong bullish rally unless it breaks 7670 with the pressure in first two days of the week. Increasing foreign interest in the market is the positive sign for the market though the buying was less then the last week. But I do not feel any panic selling in their portfolio. Another positive expectation is the in coming future product to the market.
Don’t forget to check your achievement ( to see that call us 9221-499 4322 or email us ar safelyinvest@gmail.com
Key Levels for this week (Please call for intraday Key levels)
R 2 7671
R 1 7547
S 1 7436
S 2 7322 - 7337
I am recommending the same what I did last week “buy on certain levels and selling in few scrips right now. I do not see any reason for Panic.
For precise KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359 We cater with live calls to our exclusive clients Please call or email us for detail PDF file and for news update
Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, July 5, 2009
KSE-100 update for 6th - 10th July 2009
Technical Forecast for July 6th - 10th, 2009
All glory comes after daring action
You got your profit – Wait to buy back
Think Bullish and Stay Bullish
By
Khalid Saifuddin
Sunday July 5th, 2009
Hi Folks:
I hope you are already off loaded most of your open positions on Friday, as I already sent profit taking call on Friday. It is good to offload more positions on Monday high. Finally market achieved Bullish trend, though we are going through War and worst economic figures BUT. Market still looks attractive; I rather call it amazing performance of the market under current scenario. Here we must think of correction, which is already started on Friday. Correction is not related to bears, it is always healthier sign for any trend.
In my last week technical views, I informed everybody about the first 2 days of the week, and confirmed the bullish trend. If you look at the market it almost did the same what I was expecting. Now I like everybody to calculate your achievement in this week.
WOW…..its more then what we expect right guys? For your ease below I try to give you the achievements on the recommended scrips.
Now we are pretty close to the upper limit of the market there are two possibilities either market will start performing range bond activities or follow the current bullish trend after the ongoing correction. Here traders must follow the cycle movement of the market to get more profit.
We have seen some immense buying pressure in foreign investor portfolio, earlier we noticed the week holding was USD$16,297,427 then this week the foreign portfolio added USD$9,740,632 this comes to the total of USD$ 26,038,059. This alone is enough to convince the local investors/traders for continuation of BULLISH trend.
I am recommending buy on certain levels and selling in few scrips right now. I do not see any reason for Panic. The preferred sectors will be Banking, Cement, Fertilizer, Automobile and Oil. Selling Refinery will be good decision.
For KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
We cater with live calls to our exclusive clients
Last week achievements on Key LevelsHow the Key Levels reflected on KSE-100 last week
7555 Date 29 30 1 2 3 29-03 July7433 Day Monday Tuesday Wed Thur Fri Weekly7373 Open 7180 7219 7177 7296 7539 71807330 High 7237 7243 7292 7503 7573 75737315 Low 7174 7157 7177 7296 7452 71577268-7280 Closing 7206 7162 7270 7498 7471 74717222-7244 7142-7155 7119-7127
Total Volume this week 677,894,384 Volume Gain (Lost) 132,843,764Difference of high and low 416 Market Gain (Lost) 308.24
Last week achievements on Scrips
Bullish recommendation proved 95.45% trueSCRIP Friday Cls Friday.Cls Gain Achievement Trend June 26, 09 July, 3rd (Lost) Percentage ATRL 126.65 144.36 17.71 13.98% BullishANL 22.69 25.47 2.78 12.25% BullishPSO 207.17 227.01 19.84 9.58% BullishNBP 66.12 71.35 5.23 7.91% BullishOGDC 78.12 83.91 5.79 7.41% BullishPOL 146.79 155.47 8.68 5.91% BullishFFC 87.59 92.68 5.09 5.81% BullishLUCK 60.64 64.03 3.39 5.59% BullishBOP 10.65 11.2 0.55 5.16% BullishJSCL 24.01 25.24 1.23 5.12% BullishMCB 155.03 162.04 7.01 4.52% BullishAICL 85.11 88.66 3.55 4.17% BullishENGRO 129.85 134.7 4.85 3.74% BullishPPL 188.50 194.82 6.32 3.35% BullishFFBL 17.50 18.07 0.57 3.26% BullishNIB 4.82 4.96 0.14 2.90% BullishAHSL 28.27 29.09 0.82 2.90% BullishFCCL 6.71 6.9 0.19 2.83% BullishBAFL 10.71 10.88 0.17 1.59% BullishUBL 40.03 40.51 0.48 1.20% BullishNETSOL 18.08 18.1 0.02 0.11% BullishDGKC 30.97 29.58 -1.39 -4.49% Bearish
Total Scrip 22 Bullish 21 Bearish 1
Disclaimer:
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
All glory comes after daring action
You got your profit – Wait to buy back
Think Bullish and Stay Bullish
By
Khalid Saifuddin
Sunday July 5th, 2009
Hi Folks:
I hope you are already off loaded most of your open positions on Friday, as I already sent profit taking call on Friday. It is good to offload more positions on Monday high. Finally market achieved Bullish trend, though we are going through War and worst economic figures BUT. Market still looks attractive; I rather call it amazing performance of the market under current scenario. Here we must think of correction, which is already started on Friday. Correction is not related to bears, it is always healthier sign for any trend.
In my last week technical views, I informed everybody about the first 2 days of the week, and confirmed the bullish trend. If you look at the market it almost did the same what I was expecting. Now I like everybody to calculate your achievement in this week.
WOW…..its more then what we expect right guys? For your ease below I try to give you the achievements on the recommended scrips.
Now we are pretty close to the upper limit of the market there are two possibilities either market will start performing range bond activities or follow the current bullish trend after the ongoing correction. Here traders must follow the cycle movement of the market to get more profit.
We have seen some immense buying pressure in foreign investor portfolio, earlier we noticed the week holding was USD$16,297,427 then this week the foreign portfolio added USD$9,740,632 this comes to the total of USD$ 26,038,059. This alone is enough to convince the local investors/traders for continuation of BULLISH trend.
I am recommending buy on certain levels and selling in few scrips right now. I do not see any reason for Panic. The preferred sectors will be Banking, Cement, Fertilizer, Automobile and Oil. Selling Refinery will be good decision.
For KEY LEVELS and further analysis for any KSE scrip
Please Call 0345-276 8680 or 021-432 2359
We cater with live calls to our exclusive clients
Last week achievements on Key LevelsHow the Key Levels reflected on KSE-100 last week
7555 Date 29 30 1 2 3 29-03 July7433 Day Monday Tuesday Wed Thur Fri Weekly7373 Open 7180 7219 7177 7296 7539 71807330 High 7237 7243 7292 7503 7573 75737315 Low 7174 7157 7177 7296 7452 71577268-7280 Closing 7206 7162 7270 7498 7471 74717222-7244 7142-7155 7119-7127
Total Volume this week 677,894,384 Volume Gain (Lost) 132,843,764Difference of high and low 416 Market Gain (Lost) 308.24
Last week achievements on Scrips
Bullish recommendation proved 95.45% trueSCRIP Friday Cls Friday.Cls Gain Achievement Trend June 26, 09 July, 3rd (Lost) Percentage ATRL 126.65 144.36 17.71 13.98% BullishANL 22.69 25.47 2.78 12.25% BullishPSO 207.17 227.01 19.84 9.58% BullishNBP 66.12 71.35 5.23 7.91% BullishOGDC 78.12 83.91 5.79 7.41% BullishPOL 146.79 155.47 8.68 5.91% BullishFFC 87.59 92.68 5.09 5.81% BullishLUCK 60.64 64.03 3.39 5.59% BullishBOP 10.65 11.2 0.55 5.16% BullishJSCL 24.01 25.24 1.23 5.12% BullishMCB 155.03 162.04 7.01 4.52% BullishAICL 85.11 88.66 3.55 4.17% BullishENGRO 129.85 134.7 4.85 3.74% BullishPPL 188.50 194.82 6.32 3.35% BullishFFBL 17.50 18.07 0.57 3.26% BullishNIB 4.82 4.96 0.14 2.90% BullishAHSL 28.27 29.09 0.82 2.90% BullishFCCL 6.71 6.9 0.19 2.83% BullishBAFL 10.71 10.88 0.17 1.59% BullishUBL 40.03 40.51 0.48 1.20% BullishNETSOL 18.08 18.1 0.02 0.11% BullishDGKC 30.97 29.58 -1.39 -4.49% Bearish
Total Scrip 22 Bullish 21 Bearish 1
Disclaimer:
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, June 28, 2009
KSE-100 Technical Forecast
Technical Forecast
By Khalid Saifuddin
June, 28th, 2009 11:00pm
Luck is what happens when preparation meets opportunity. So those who believed already got profit in their pockets. I am still Bullish for KSE-100. But remember folks I am expecting a sharp dip with the full recovery, and probably this will happen in first two days of the week. Other then that you guys have to keep eye on political and security development.
For further precise analysis and KEY LEVELS of KSE-100 or any specific scrip of Karachi stock exchange please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
How the last week Key Levels worked
under the tolerance of 10 points
7025 – 7035 This one proved to be the strongest support. Its been tested 6 times
6998 This support tested twice, Tuesday and Wednesday low honored as support
7085 – 7095 This been an amazing level, the index tested it almost 10 times in 15 days
7133 High of Monday and Thursday, and then Thursday closing
7145 honored on Friday, it was also tested as high of Thursday
7158 this level worked on Friday opening and closing
7192 worked weaker on Friday
For further precise analysis and KEY LEVELS of KSE-100 or any specific scrip of Karachi stock exchange please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
Monday, June 22, 2009
KSE-100 for 23rd June, 2009
By Khalid Saifuddin
June, 22nd, 2009 11:30 pm
Technical Outlook:
I am still looking for BULLISH trend, No need to worry, Lot more to happen on Tuesday and inshallah most of it will be positive.
The good news is we have seen great foriegn buying today, and this is the continuation of Fridays foreign buying for sure it will bring our local investors back in the market.
Now it is time to get into the market and ensure your profits. Off course this is the time to buy most of the selected scrip because the range of stop loss here is very low and the target journey is long enough.
Again I will say the BIG BREAKOUT is about to happen. Trust me the Bullish trend is very close to begin. Market is started increasing its volatility with the volumes
You can have the big profits in small time frame and I am still convinced on my above said all statements. as I said in my last report "The Bulls only required 26 to 60 positive points for Monday closing. Any negative closing on Monday will drag market back into mild bearish trend."
Recommendations
: Strongly condemned short selling, appreciate buy in most of the scrips. For further details on scrip analysis please contact: Saif @ 0345-276 8680 or safelyinvest@ gmail.com
Disclaimer:This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
June, 22nd, 2009 11:30 pm
Technical Outlook:
I am still looking for BULLISH trend, No need to worry, Lot more to happen on Tuesday and inshallah most of it will be positive.
The good news is we have seen great foriegn buying today, and this is the continuation of Fridays foreign buying for sure it will bring our local investors back in the market.
Now it is time to get into the market and ensure your profits. Off course this is the time to buy most of the selected scrip because the range of stop loss here is very low and the target journey is long enough.
Again I will say the BIG BREAKOUT is about to happen. Trust me the Bullish trend is very close to begin. Market is started increasing its volatility with the volumes
You can have the big profits in small time frame and I am still convinced on my above said all statements. as I said in my last report "The Bulls only required 26 to 60 positive points for Monday closing. Any negative closing on Monday will drag market back into mild bearish trend."
Recommendations
: Strongly condemned short selling, appreciate buy in most of the scrips. For further details on scrip analysis please contact: Saif @ 0345-276 8680 or safelyinvest@ gmail.com
Disclaimer:This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, June 21, 2009
Technical View for the 3rd Week of June by SafelyInvest
By Khalid Saifuddin
June, 21st, 2009 3:00 am
Technical Outlook:
Expect the BULLISH trend now
Opportunities do not come to those who wait;
They are captured by those who attack.
Off course this is the time to buy most of the selected script because
the range of stop loss here is very low and the target journey is long enough
to cover at least one month return in few sessions.
I am still convinced on my above said statement.
Trust me the Bullish trend is about to begin, The past week we found some buying power in foreign investors portfolio and Friday was awesome though the market closed in negative, but I will still call it honored my Friday call of bullish.
Market closed on one of the strongest support level on Friday, now the Bulls only required 26 to 60 positive points for Monday closing.
If you look at the past 7 weeks market remain under the range of 7320 and 6870, and now squeezing range of the market is indicating the big breakout.
Any negative closing on Monday will drag market back into mild bearish trend.
If I conclude the behavior of last 2 months, the KSE got the more pressure dragging market down, and bulls were weaker then the Bears, I see this third time in 2 months bulls are trying to take control of the market. Well I am pretty much optimistic this time for Bulls. Bulls are required to cross the 7150 level with Volume and then you will see the dancing bulls in the market.
Market is currently experiencing very low volatility; I see the possibility of increasing volatility and volumes with positive breakout in prices for future.
Recommendations: Strongly condemned short selling, appreciate buy
in most of the scrips. For further details on script analysis please contact
Saif @ 0345-276 8680 or safelyinvest@ gmail.com
Key Levels
Resistance
7085 – 7095
7133
7145
7158
7192
Support
7025 – 7035
6998
6955
6932
6876
Foreign Investors Portfolio
Status for June 15th -19th, 2009
Gross Buy
Rs 1,721,302,354
Gross Sell
Rs 1,615,412,978
Net Buy/(Sell)
Rs 105,889,378
USD$ 1,315,396
Source: NCCPL
Market Down by 0.24%
Recap: KSE-100 for Past week
Declining T-bill yields in conjunction with media reports that the discount rate would be reduced in the next Monetary Policy led to widespread bullish sentiment on Wednesday. Investors were still not sure about the replacement of CVT with FED on stock market. Law and order situation and expansion on Operation Rah-e-Rast was also having some negative impacts on market.
As we indicated last week about the beginning of bullish trend, but the post-budget discussions and negative interpretation of the budget intersected the rising local interest. Foreign buying on Friday certifies the bullish beginning in the market. Although the investors confidence was shattered but they still holding positions in the market, and prepared to be a part of bullish rally
safelyinvest@ gmail.com
or call 0345-276 8680
We are offering low commissions and affordable membership plans; we believe it is better to pay little instead of speculating blindfolded.
Disclaimer
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
June, 21st, 2009 3:00 am
Technical Outlook:
Expect the BULLISH trend now
Opportunities do not come to those who wait;
They are captured by those who attack.
Off course this is the time to buy most of the selected script because
the range of stop loss here is very low and the target journey is long enough
to cover at least one month return in few sessions.
I am still convinced on my above said statement.
Trust me the Bullish trend is about to begin, The past week we found some buying power in foreign investors portfolio and Friday was awesome though the market closed in negative, but I will still call it honored my Friday call of bullish.
Market closed on one of the strongest support level on Friday, now the Bulls only required 26 to 60 positive points for Monday closing.
If you look at the past 7 weeks market remain under the range of 7320 and 6870, and now squeezing range of the market is indicating the big breakout.
Any negative closing on Monday will drag market back into mild bearish trend.
If I conclude the behavior of last 2 months, the KSE got the more pressure dragging market down, and bulls were weaker then the Bears, I see this third time in 2 months bulls are trying to take control of the market. Well I am pretty much optimistic this time for Bulls. Bulls are required to cross the 7150 level with Volume and then you will see the dancing bulls in the market.
Market is currently experiencing very low volatility; I see the possibility of increasing volatility and volumes with positive breakout in prices for future.
Recommendations: Strongly condemned short selling, appreciate buy
in most of the scrips. For further details on script analysis please contact
Saif @ 0345-276 8680 or safelyinvest@ gmail.com
Key Levels
Resistance
7085 – 7095
7133
7145
7158
7192
Support
7025 – 7035
6998
6955
6932
6876
Foreign Investors Portfolio
Status for June 15th -19th, 2009
Gross Buy
Rs 1,721,302,354
Gross Sell
Rs 1,615,412,978
Net Buy/(Sell)
Rs 105,889,378
USD$ 1,315,396
Source: NCCPL
Market Down by 0.24%
Recap: KSE-100 for Past week
Declining T-bill yields in conjunction with media reports that the discount rate would be reduced in the next Monetary Policy led to widespread bullish sentiment on Wednesday. Investors were still not sure about the replacement of CVT with FED on stock market. Law and order situation and expansion on Operation Rah-e-Rast was also having some negative impacts on market.
As we indicated last week about the beginning of bullish trend, but the post-budget discussions and negative interpretation of the budget intersected the rising local interest. Foreign buying on Friday certifies the bullish beginning in the market. Although the investors confidence was shattered but they still holding positions in the market, and prepared to be a part of bullish rally
safelyinvest@ gmail.com
or call 0345-276 8680
We are offering low commissions and affordable membership plans; we believe it is better to pay little instead of speculating blindfolded.
Disclaimer
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Thursday, June 18, 2009
Dehan for Friday 19th June, 2009
Wakeup Call for early birds
Grow your investment while doing your current job
posted Thursday 7:50pm
Bulls are eager to get control
Morning Buzz for Friday June, 19th, 2009
WOW traders good news for bulls, I see more chances for bulls here, Friday closing is very important for trend development.
The below given key levels are important for intraday traders and those who want thier positions to be off loaded for weekend.
I do not support short here, I recmmend Buy in few scrips, and I also appreciate gradual buying in some of scrips, for week long.
R-4 7325
R-3 7230
R-2 7152
R-1 7095
S-1 7031
S-2 6874
Right now market is moving in a range of 7152 and 6874
Breaking 7325 will make bulls more stronger
For further precise analysis of KSE-100 or any specific scrips of Karachi stock exchange.
Please contact @ safelyinvest@gmail.com or Call: 0345-276 8680 and 021-432 2359
We also offer live trading calls for our exclusive clients with
Update on all related news which fuse or energies the market
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS
Grow your investment while doing your current job
posted Thursday 7:50pm
Bulls are eager to get control
Morning Buzz for Friday June, 19th, 2009
WOW traders good news for bulls, I see more chances for bulls here, Friday closing is very important for trend development.
The below given key levels are important for intraday traders and those who want thier positions to be off loaded for weekend.
I do not support short here, I recmmend Buy in few scrips, and I also appreciate gradual buying in some of scrips, for week long.
R-4 7325
R-3 7230
R-2 7152
R-1 7095
S-1 7031
S-2 6874
Right now market is moving in a range of 7152 and 6874
Breaking 7325 will make bulls more stronger
For further precise analysis of KSE-100 or any specific scrips of Karachi stock exchange.
Please contact @ safelyinvest@gmail.com or Call: 0345-276 8680 and 021-432 2359
We also offer live trading calls for our exclusive clients with
Update on all related news which fuse or energies the market
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS
Wednesday, June 17, 2009
You got your profit out of the pre-budget trading
WOW well done!
You got your profit out of the pre-budget trading
Once again I am really thankful for believing me.
Your success is my achievement.
Hi Folks
I like to congratulate all of my members and active clients who were participating and following the pre-budget speculative trading. I am really glad to see your amazing profits in last couple of days.
Now onwards I am expecting the same daring entries in the market for you guys.
Well as I said earlier in my report "Market is either adventure or nothing"
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Now the ball is in your court,
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients with
Update on all related news which fuse or energies the market
I hope you will implement all those strategies which in turn will help securing your investments.
Saif
Safelyinvest
0345-276-8680
safelyinvest@gmail.com
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.
Sunday, June 7, 2009
Technical Forecast for 2nd week for June, 2009
Technical Forecast for 2nd Week of June, 2009 for KSE-100
By Khalid Saifuddin
June, 7th , 2009 4:00 pm
Market is either a daring adventure, or nothing.
So Expect the BULLISH trend now
Opportunities do not come to those who wait; they are captured by those who attack. Off course this is the time to buy most of the selected script because the range of stop loss here is very low and the target journey is long enough to cover at least one month return in few sessions
Trust me the Bullish trend is about to begin, we are only carrying few worries which are the pre budget rumors. Do not panic if you see 50 negative points on Monday.
7024 – 7288 will be the comfort zone for the market in current scenario. Closing above 7180 will take the market into new channel and strengthening the bullish sentiments.
Accurate interpretation of Budget and breaking 7285 will be the strongest rally for the bulls in future. For now most of the issues are going into the favor of the market, the pre budget recommendations, the foreign delegation meetings, the new accords and the release of pending installments.
By looking at the Friday volume we can expect the increasing volume in this week, which is very much related to the foreign/fund buying in this week
Negative Expectation:along with all these bullish hopes we do have few negative issues in pipeline, such as the last week decline of capitalization by 5.1%, we lost USD$ 11,907,250 from foreign investor’s portfolio.
This was the continuous sale in last three days of the week generating fear in local investor (only Friday we lost USD$ 8,260,725)
Foreign Investment Portfolio
Source: NCCPL
Gross Buy Rs. 3,092,207,867
Gross Sell Rs. 4,047,860,860
Net Buy (Sell) Rs. -955,652,993
Net Buy (Sell) in USD$ -11,901,034)
Key Levels for the market
Resistance
7170-7175
7094-7105
7042-7050
7023
6975
Support
6841-6850
6702-6719
6618
6274
6036
Recommendations: I strongly recommend buy in most of the scripts and if we experience few negative points on Monday we must add more to over portfolio, BUT breaking 6830-6841 will be the last hope andexit point from the market.
JSCL: BEARISH – Uneven move expected
All I can say is buy and place the stop loss of Friday low, short is more appropriate but the stop loss is little far up to 25.25
MCB: BEARISH – No recommendations
As indicated earlier that if it crosses the 155.79, trader must get into short now it’s been proved.
DGKC: BULLISH
Key Levels
25.6
25.05
24.55
24.35
23.82
22.65
21.75
Keep on buying, add more on dips. Any uncertain decline in market can only affect the script. 21.75 is the last resort of DGKC
ATRL: BULLISH
Key Levels
124.3
123.25
122.25
121.18
119.28
117.05
116
ATRL is coming back to its bullish cycle and trading above 123.45 and trading around this range will boost the rally towards its higher resistances.
We offer Live calls, latest update and script analysis to our exclusive clients and members
To join our community and become stakeholder in Karachi Stock Exchange: Email us at safelyinvest@gmail.com or call 0345-276 8680
We are offering low commissions and affordable membership plans, we believe it is better to pay little instead of speculating blindfolded.
Recap: KSE-100 for Past week
Last week I mentioned that if market closed about Monday closing above 7287 will continue the bullish zone, unfortunately it won’t happen and later market gets out from its mild bullish channel to steady bearish channel.
I recommended traders to keep buying on support levels and I am sure whoever did that will get amazing return on those buy. I also indicated that we are loosing foreign investment and that was one of the major causes of loosing 5.24% market this week. Other then these were the pre budget rumors/statements become the last hit to the market.
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS
By Khalid Saifuddin
June, 7th , 2009 4:00 pm
Market is either a daring adventure, or nothing.
So Expect the BULLISH trend now
Opportunities do not come to those who wait; they are captured by those who attack. Off course this is the time to buy most of the selected script because the range of stop loss here is very low and the target journey is long enough to cover at least one month return in few sessions
Trust me the Bullish trend is about to begin, we are only carrying few worries which are the pre budget rumors. Do not panic if you see 50 negative points on Monday.
7024 – 7288 will be the comfort zone for the market in current scenario. Closing above 7180 will take the market into new channel and strengthening the bullish sentiments.
Accurate interpretation of Budget and breaking 7285 will be the strongest rally for the bulls in future. For now most of the issues are going into the favor of the market, the pre budget recommendations, the foreign delegation meetings, the new accords and the release of pending installments.
By looking at the Friday volume we can expect the increasing volume in this week, which is very much related to the foreign/fund buying in this week
Negative Expectation:along with all these bullish hopes we do have few negative issues in pipeline, such as the last week decline of capitalization by 5.1%, we lost USD$ 11,907,250 from foreign investor’s portfolio.
This was the continuous sale in last three days of the week generating fear in local investor (only Friday we lost USD$ 8,260,725)
Foreign Investment Portfolio
Source: NCCPL
Gross Buy Rs. 3,092,207,867
Gross Sell Rs. 4,047,860,860
Net Buy (Sell) Rs. -955,652,993
Net Buy (Sell) in USD$ -11,901,034)
Key Levels for the market
Resistance
7170-7175
7094-7105
7042-7050
7023
6975
Support
6841-6850
6702-6719
6618
6274
6036
Recommendations: I strongly recommend buy in most of the scripts and if we experience few negative points on Monday we must add more to over portfolio, BUT breaking 6830-6841 will be the last hope andexit point from the market.
JSCL: BEARISH – Uneven move expected
All I can say is buy and place the stop loss of Friday low, short is more appropriate but the stop loss is little far up to 25.25
MCB: BEARISH – No recommendations
As indicated earlier that if it crosses the 155.79, trader must get into short now it’s been proved.
DGKC: BULLISH
Key Levels
25.6
25.05
24.55
24.35
23.82
22.65
21.75
Keep on buying, add more on dips. Any uncertain decline in market can only affect the script. 21.75 is the last resort of DGKC
ATRL: BULLISH
Key Levels
124.3
123.25
122.25
121.18
119.28
117.05
116
ATRL is coming back to its bullish cycle and trading above 123.45 and trading around this range will boost the rally towards its higher resistances.
We offer Live calls, latest update and script analysis to our exclusive clients and members
To join our community and become stakeholder in Karachi Stock Exchange: Email us at safelyinvest@gmail.com or call 0345-276 8680
We are offering low commissions and affordable membership plans, we believe it is better to pay little instead of speculating blindfolded.
Recap: KSE-100 for Past week
Last week I mentioned that if market closed about Monday closing above 7287 will continue the bullish zone, unfortunately it won’t happen and later market gets out from its mild bullish channel to steady bearish channel.
I recommended traders to keep buying on support levels and I am sure whoever did that will get amazing return on those buy. I also indicated that we are loosing foreign investment and that was one of the major causes of loosing 5.24% market this week. Other then these were the pre budget rumors/statements become the last hit to the market.
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS
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