td23-11-10
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8/8/2019 TD23-11-10
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Refertoimportantdisclosuresonpage4
akistanTechnicalDaily
TheKeystoneEquities
KSE100:Strongclosingsuggestsfurtherupsidepotential
Theindexclosedwellpositivewithimprovedvolumeswhichsuggestsfurtherupside.
TheStochasticOscillatorhasnowreversedandhasonceagaingeneratedabuysignal,whiletheRSItoohasshownimprovementthoughoverbought.Moreover
theMACDmaintainsitsuptrendaswellasitsbuysignal.
Takingtheabovefactorsintoconsideration,staylongfornow.
28 5
July
12 19 26 2
August
9 16 23 30 6
September
14 2 0 27 4
October
11 18 25 1 8
November
15 22
50 50
Relative Strength Index (76.8409)
9500
9600
9700
9800
9900
10000
10100
10200
10300
10400
10500
10600
10700
10800
10900
11000
11100
11200
11300
11400
11500
9500
9600
9700
9800
9900
10000
10100
10200
10300
10400
10500
10600
10700
10800
10900
11000
11100
11200
11300
11400
11500
30-DMA
50-DMA
10,638 points
11,074 points
200-DMA
11,189 points
10,260 points
100-DMA
11,345 points
10,731 points
11,560 points
10,120 points
10,430 points
10,539 points
10,923 points
10,836 points
KSE100 (10,986.97, 11,211.61, 10,975.97, 11,205.84, +239.850)
Firstsupport11,156points,secondsupport11,094points;Firstresistance11,267points,secondresistance11,357pointsAnalysisandOverview:
The indexopenedonapositivenoteandremainedstrongthroughoutthedayto
closewell intothegreen.Volumes increasedby52.68%andstoodat113.32mln.
The index closed well positive with improved volumes which suggests further
upside.
The StochasticOscillatorhasnow reversedandhasonce again generatedabuy
signal,while theRSI toohas shown improvement, thoughoverbought.Moreover
theMACDmaintainsitsuptrendaswellasitsbuysignal.
Takingtheabovefactorsintoconsideration,staylongfornow.
Thefirstsupportisat11,156pointsandthesecondsupportisat11,094points.The
firstresistanceisat11,267pointsandthesecondresistanceisat11,357points.
SynopsisPTC SellonStrength
PSO BuyonWeakness
POL SellonStrength
OGDC Sell
PPL SellonStrength
NML
Sell
NBP BuyonWeakness
MCB SellonStrength
DGKC SellonStrength
LUCK Sell
AICL Sell
ENGRO BuyonWeakness
For23November,2010
AiyazM.Hassan
aiyaz.hassan@kasb.com
KASBSecuritiesLimited
Ph.No.(9221)111222000Ext:3
C
Open 10,986.97
High 11,211.61 2
Low 10,975.97
Close 11,205.84 2
Volume
113,317,904
5
Date 22Nov10 C
30DMA 10,616.36
50DMA 10,355.36
200DMA 10,070.59
9DRSI 79.89
14DRSI 76.84
25DRSI 71.56
Date 16Nov10
30DMA 10,576.99
50DMA
10,325.30
200DMA 10,062.70
9DRSI 70.46
14DRSI 70.09
25DRSI 67.08
Synopsis
PTC Buy
PSO Buy
POL Buy
OGDC
Buy
PPL Buy
NML Buy
NBP Buy
MCB Buy
DGKC BuyonWeakness
LUCK Buy
AICL BuyonWeakness
ENGRO Buy
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TheKeystoneEquities
Pivot AnalysisSCRIP CLOSE STRATEGY S3 S2 S1 PIVOT R1 R2 R3 LowerLimit UpperLimitABL 59.49 BuyonWeakness 57.77 58.24 58.86 59.33 59.95 60.42 61.04 56.52 62.46
AHSL 26.00 Buy 25.22 25.55 25.78 26.11 26.34 26.67 26.90 24.70 27.30
AICL
81.92Buy
on
Weakness
79.34
80.43
81.17
82.26
83.00
84.09
84.83
77.82
86.02
AKBL 16.13 Buy 15.57 15.71 15.92 16.06 16.27 16.41 16.62 15.13 17.13
APL 314.42 Buy 302.95 305.47 309.95 312.47 316.95 319.47 323.95 298.70 330.14
ATRL 127.75 BuyonWeakness 123.05 124.65 126.20 127.80 129.35 130.95 132.50 121.36 134.14
BAFL 9.82 SellonStrength 9.49 9.64 9.73 9.88 9.97 10.12 10.21 8.82 10.82
BOP 9.99 Buy 8.76 9.14 9.57 9.95 10.38 10.76 11.19 8.99 10.99
DGKC 29.10 BuyonWeakness 28.33 28.57 28.83 29.07 29.33 29.57 29.83 27.65 30.56
DOL 7.99 SellonStrength 7.22 7.48 7.74 8.00 8.26 8.52 8.78 6.99 8.99
ENGRO 184.23 Buy 179.05 180.33 182.28 183.56 185.51 186.79 188.74 175.02 193.44
FABL 14.40 SellonStrength 13.95 14.10 14.25 14.40 14.55 14.70 14.85 13.40 15.40
FCCL 5.06 Sell 4.81 4.88 4.97 5.04 5.13 5.20 5.29 4.06 6.06
FFBL
34.18Buy
on
Weakness
33.32
33.56
33.87
34.11
34.42
34.66
34.97
32.47
35.89
FFC 109.47 BuyonWeakness 108.51 108.76 109.11 109.36 109.71 109.96 110.31 104.00 114.94
HBL 107.02 Buy 104.34 105.05 106.03 106.74 107.72 108.43 109.41 101.67 112.37
HUBC 36.16 Buy 35.19 35.42 35.79 36.02 36.39 36.62 36.99 34.35 37.97
ICI 136.92 BuyonWeakness 131.36 132.71 134.81 136.16 138.26 139.61 141.71 130.07 143.77
KAPCO 39.52 SellonStrength 38.46 38.78 39.15 39.47 39.84 40.16 40.53 37.54 41.50
LOTPTA 11.88 Sell 11.40 11.59 11.73 11.92 12.06 12.25 12.39 10.88 12.88
LUCK 75.99 Buy 71.66 72.71 74.35 75.40 77.04 78.09 79.73 72.19 79.79
MCB 206.34 Buy 201.45 202.98 204.66 206.19 207.87 209.40 211.08 196.02 216.66
MLCF 2.95 SellonStrength 2.82 2.84 2.90 2.92 2.98 3.00 3.06 1.95 3.95
NBP 67.40 Buy 64.78 65.41 66.40 67.03 68.02 68.65 69.64 64.03 70.77
NETSOL
19.95
Buy
18.7619.14
19.54
19.92
20.32
20.70
21.10
18.95
20.95
NIB 2.81 Sell 2.65 2.70 2.76 2.81 2.87 2.92 2.98 1.81 3.81
NML 55.58 Buy 53.27 53.86 54.72 55.31 56.17 56.76 57.62 52.80 58.36
NRL 267.81 BuyonWeakness 257.87 261.94 264.87 268.94 271.87 275.94 278.87 254.42 281.20
OGDC 166.23 Buy 153.34 156.22 161.23 164.11 169.12 172.00 177.01 157.92 174.54
PICT 72.35 BuyonWeakness 71.23 71.72 72.03 72.52 72.83 73.32 73.63 68.73 75.97
PKGS 107.95 BuyonWeakness 102.33 103.52 105.73 106.92 109.13 110.32 112.53 102.55 113.35
POL 268.36 Buy 246.93 251.21 259.79 264.07 272.65 276.93 285.51 254.94 281.78
PPL 201.81 Buy 185.84 189.51 195.66 199.33 205.48 209.15 215.30 191.72 211.90
PSO 290.09 Buy 277.31 280.43 285.26 288.38 293.21 296.33 301.16 275.59 304.59
PTC 19.70 Buy 19.15 19.27 19.49 19.61 19.83 19.95 20.17 18.70 20.70
SHEL
200.82
Buy
194.60196.05
198.44
199.89
202.28
203.73
206.12
190.78
210.86
UBL 59.76 Buy 57.76 58.25 59.01 59.50 60.26 60.75 61.51 56.77 62.75
R1=FirstResistance R2=SecondResistance R3=ThirdResistanceS1=FirstSupport S2=SecondSupport S3=ThirdSupport
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TheKeystoneEquities
BollingerBands:isatypeofenvelopedevelopedbyJohnBollinger. BollingerBandsareplottedatstandarddeviationlevelsaboveandbelowamovingaverage.Themovingaveragegenerallytaken isa20DMA,whilethestandarddeviationcountis2.Thisisa
verygoodtogaugeboththegeneraldirectionandthevolatility.
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