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.
Wednesday, October 7, 2009
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.
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