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Monday, January 25, 2021

KSE100 Week 03-2021: Bulls Bleed a Little!

 The week closed with a net loss of -63 points or -0.14%. Speculation over the interest rate kept the momentum weak and the index faced continuous rejection at its pivotal resistance of 461000 +/- 100. With the rollover week ahead we expect the index to remain volatile until weekly closing and technical levels of S/P/R remain unchanged. Initial support stands at 45500-44700 +/- 300 while the expected current channel top is at 46800 +/- 300. The divergence signal indicates potential exhaustion and may prove to be a trigger for major profit booking. With the weakening momentum, the probability of trend reversal is higher than a significant breakout above the current channel top. The period between late Feb to mid-Mar will be of critical importance and a grazing party for the bulls of next season!



While index capitalization has once again closed above the benchmark of 8000+ billion/PKR but it is finding it difficult to break further high with range bound movement observed. The weekly average closed with a minor net loss of -33.21 billion/PKR which indicates that no significant withdrawal of investors was observed and the change may be caused by sector rotation. 

Events that may influence the equities market are MTB & PIB auctions on 27-Jan, 2021.


If you enjoyed reading this update, please leave a comment below. Happy trading! 

27 comments:

  1. Insightful! Thanks Master!

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  2. Excellent analysis dear. In which sectors bulls are likely to have a grazing party?

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  3. Sure everyone who has thirst of knowledge can quench from this river of your knowledge. May Allah s.w.t bless you. Aameen.

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  4. Awesome Master. Your analysis give complete overview after every week. Such great blog

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  5. Excellent.....would be great if few bullish scripts or sectors may be notified.

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  6. It is quite informative and valuable blog than others. Thanks SM. It is highly appreciated.

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  7. It is quite informative and valuable blog than others. Thanks SM. It is highly appreciated.

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  8. Excellent analysis as always

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  9. Comprehensive overview of the market, very well done...

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  10. Supper se opar great 👌👍

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  11. Thanks for sharing. As always very informative and data strong no nonsense material.

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  12. Awsome as always master hats off

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  13. Master excellent, it's really crux of mkt for oolul abssar
    Great job 👍👌

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  14. Realistic and optimistic approach

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  15. Realistic and optimistic approach. Adequate Assesment .Thanks for all such.

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