Technical Forecast for 17th to 21st August, 2009
By Khalid Saifuddin
Sunday, Aug, 16th , 2009 8:00 pm
Market is either a daring adventure, or nothing.
Buying on Sharp dips will be a wise decision
Hi Folks:
If you remember my last week suggestion, I recommended my traders to do the profit taking though the market was heading up, I also pointed out Bears are still behind the bulls. The major concern for the investors this week was monetary policy and they were hesitant for adding more positions to their portfolio.The positive sign for the market is consecutive foreign buying, this week alone added 18,378,952 USD to the market and just in august the foreign investor portfolio rose by US $ 37,525,186. It is observed for last couple of weeks that foreign buying is increasing continuously. Recently it is also noticed that the global investors are rushing towards the emerging markets to get faster gains.Currently market entering into correctional phase, trading above 8030 will might help market to get back into positive zone. Market looking for new energy, which can be the corporate announcements, upcoming CFS product and proper interpretation of monetary policy.
Key Levels for this week (Please call for intraday Key levels)
R 2 8247
R 1 8099
S 1 7941
S 2 7865
S 3 7807
Market this Week
Market still stable I do not see any strong bearish trend, High Volatility expected because of monetary policy and this will end up with little correction; try adding positions on support levels.For precise KEY LEVELS and further analysis for any KSE scripPlease Call 0345-276 8680 or 021-432 2359We recommend the entry and stop loss for daily tradersMember 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.
Sunday, August 16, 2009
KSE-100 this week
Technical Forecast for 17th to 21st August, 2009
By Khalid Saifuddin
Sunday, Aug, 16th , 2009 8:00 pm
Market is either a daring adventure, or nothing.
Buying on Sharp dips will be a wise decision
Hi Folks:
If you remember my last week suggestion, I recommended my traders to do the profit taking though the market was heading up, I also pointed out Bears are still behind the bulls. The major concern for the investors this week was monetary policy and they were hesitant for adding more positions to their portfolio.The positive sign for the market is consecutive foreign buying, this week alone added 18,378,952 USD to the market and just in august the foreign investor portfolio rose by US $ 37,525,186. It is observed for last couple of weeks that foreign buying is increasing continuously. Recently it is also noticed that the global investors are rushing towards the emerging markets to get faster gains.Currently market entering into correctional phase, trading above 8030 will might help market to get back into positive zone. Market looking for new energy, which can be the corporate announcements, upcoming CFS product and proper interpretation of monetary policy.
Key Levels for this week (Please call for intraday Key levels)
R 2 8247
R 1 8099
S 1 7941
S 2 7865
S 3 7807
Market this Week
Market still stable I do not see any strong bearish trend, High Volatility expected because of monetary policy and this will end up with little correction; try adding positions on support levels.For precise KEY LEVELS and further analysis for any KSE scripPlease Call 0345-276 8680 or 021-432 2359We recommend the entry and stop loss for daily tradersMember 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.
By Khalid Saifuddin
Sunday, Aug, 16th , 2009 8:00 pm
Market is either a daring adventure, or nothing.
Buying on Sharp dips will be a wise decision
Hi Folks:
If you remember my last week suggestion, I recommended my traders to do the profit taking though the market was heading up, I also pointed out Bears are still behind the bulls. The major concern for the investors this week was monetary policy and they were hesitant for adding more positions to their portfolio.The positive sign for the market is consecutive foreign buying, this week alone added 18,378,952 USD to the market and just in august the foreign investor portfolio rose by US $ 37,525,186. It is observed for last couple of weeks that foreign buying is increasing continuously. Recently it is also noticed that the global investors are rushing towards the emerging markets to get faster gains.Currently market entering into correctional phase, trading above 8030 will might help market to get back into positive zone. Market looking for new energy, which can be the corporate announcements, upcoming CFS product and proper interpretation of monetary policy.
Key Levels for this week (Please call for intraday Key levels)
R 2 8247
R 1 8099
S 1 7941
S 2 7865
S 3 7807
Market this Week
Market still stable I do not see any strong bearish trend, High Volatility expected because of monetary policy and this will end up with little correction; try adding positions on support levels.For precise KEY LEVELS and further analysis for any KSE scripPlease Call 0345-276 8680 or 021-432 2359We recommend the entry and stop loss for daily tradersMember 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.
Sunday, August 9, 2009
Karachi Stock Exchange this week August, 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
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.
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
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.
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