Search This Blog

Saturday, November 14, 2020

KSE100: Week-46 Closing Notes and Outlook for Week-47 (2020)

Weekly closing observed a loss of -162 points (-0.40%) with intra-sector exchange of hands across the entire week. The last trading day of the week closed with dragon fly doji formation in downtrend. Although we are not firm believers of candle sticks, they usually demonstrate a predictable behavior. A typical reaction of market to dragonfly doji is a dip in the next session followed by recovery. And the possibility remains open to test the upper boundary of pivot zone at 40000 points. Therefore, our outlook on the week ahead is clear. We may see a dull start, a retest of 40000 and then recovery at week closing. 



Market capitalization recovered in the early days of the week but end of the week trading shows significant profit taking. However, the weekly average closed with a gain of +57.55 billion/PKR which hints towards investors absorbing the dip. Events which may influence the equity markets are MTB and PIB auctions due on 18-Nov.





25 comments:

  1. Very Good and Helpful. GREAT Work Sir

    ReplyDelete
  2. Thank you Stock Master! Very beneficial, to the point and eloquently written piece!

    ReplyDelete
  3. Master for a reason. Great to have you as a guide. So accurate and precise

    ReplyDelete
  4. Sir! Thank you so much for your expertise. We impatiencely wait for your weekly updates as they are really helpful for both newbies n old.
    stay blessed 💞

    ReplyDelete
  5. Thanks for sharing this. Really appreciate you sharing information without any monetary greed. Stay blessed.

    ReplyDelete
  6. Excellent work Sir and very helpful

    ReplyDelete
  7. Very helpful for me nice work by stock master

    ReplyDelete
  8. Excellent analysis SM.

    ReplyDelete
  9. Very simple and thorough weekly analysis

    ReplyDelete
  10. Very detailed and informative analysis. We are aways benefited from your analysis and also avoided loss. Thanks for your continuous guidance and support.

    ReplyDelete
  11. Very detailed and informative analysis. We are aways benefited from your analysis and also avoided loss. Thanks for your continuous guidance and support.

    ReplyDelete
  12. Very detailed and informative analysis. We are aways benefited from your analysis and also avoided loss. Thanks for your continuous guidance and support.

    ReplyDelete
  13. Very detailed and informative analysis. We are aways benefited from your analysis and also avoided loss. Thanks for your continuous guidance and support.

    ReplyDelete
  14. Very accurate analysis. Allah bless you

    ReplyDelete
  15. زبردست سمندر کو کوزے میں بند کردیا

    ReplyDelete
  16. Thank you, master for the update! Very helpful and effective information.

    ReplyDelete
  17. Thankyou .. its helpful. Looking forward to more blogs as well

    ReplyDelete
  18. Very helpful. Excellent analysis

    ReplyDelete
  19. Great work brother 👍 very helpful

    ReplyDelete