What is Happening in Karachi Stock Exchange

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Last night at 10 pm

Morning Briefing for Thursday 1^st October, 2009

By

Khalid Saifuddin

Bulls may get back soon avoid holding, do not miss buying opportunity

The roller coaster ride continues, I think the corporate announcement today will play the vital role for the market. Closing above 9318 will light the hope in Bulls. Market touched the bouncing zone, so does not panic until you see the closing below 9318. I like the way market getting its correction.

KSE-100

Key Levels

9718

9645

9562

9512

9445

9384

9318

9181

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.

Karachi Stock Exchange for September, 09

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 panicMarket

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 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.

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.