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.
Saturday, September 26, 2009
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.
Subscribe to:
Posts (Atom)
