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

Selling between 7900 - 7950 with stop loss 7985
Buying around 8030 for new rally

We recommend the entry and stop loss for daily traders
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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.

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.