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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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