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Psychological Limit of 35K Approaching how do you feel......

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52 replies to this topic

#1
ahmedkhan

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    Last time when Index hit 35K (end of jan) level it came off to 28K (end of march) shedding almost 7K points or 20%. The same rock solid resistance level is approaching very fast and this time mostly led by buying from Individuals while foreigners and institutions are not very enthusiastic. Local retailers also mostly interested in off-index items and creating lots of volume for sideline items. How do you see the whole thing with oil price and banks which are index heavy weight going down.





    TickerClose%ChangeVxHigh(52)Low(52)RSIMA21MA34MA51MA233CCIMFIADXW%RROC
    KSE-ALL24,296.781.071.0625,189.1320,114.5562.5624,014.6423,684.3923,603.7722,988.6560.8746.5712.86-10.180.19
    KSE-10034,843.611.280.8635,055.9427,353.7664.4334,331.0133,787.2833,667.7531,925.5190.5152.813.33-3.220.38
    KSE-MI3058,161.361.530.8659,064.1144,593.2361.6857,512.8356,230.4855,722.5714.5445.7423.19-33.17-0.72
    KSE-3021,902.161.51.0122,800.0518,208.0661.6621,592.4121,339.4821,382.7820,903.0891.4846.1514.51-6.910.47


    Posted Image

    Edited by ahmedkhan, 02 July 2015 - 04:41 AM.



    #2
    shakeel abbasi

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    View Postahmedkhan, on 02 July 2015 - 01:01 AM, said:

    Last time

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    will cross 35000 but will sustain hard to predict

    #3
    Maverick

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    Crude Oil at 56.94 after sharp decline. Index might come under pressure due to oil sector.

    #4
    Research Doctor

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    Fear is a component of stock market index. So is again today............. It is being widely hoped that 35K will break, but market may not sustain it, and correction will follow.
    As 35K is/was coming nearer in past few days, three important factors are/were looming on head:
    1. Pakistan's political turmoil
    2. Greece default crisis
    3. Tonight's Oil price fall

    Factor-1 has become cool.
    Factor-2 has not affected any market in the world........ even Greece's is green.
    Factor-3 is latest, and during night, it appeared disheartening for 35K........... But all Asian markets' opening today morning is green!!........ and oil has also recovered a bit.

    Now the only factor is a three + One (today) bull run at KSE........... KSE generally takes a breather after this much run.

    35K is to be broken one day.............. this is just a psychological barrier............ Aakhir kab tak log is se aagay jatay howay darain gay........ LET IT HAPPEN NOW THIS TIME ....... CROSS AND STAY ABOVE IT AND EYE THE NEXT HORIZON OF 37K!!!

    #5
    Research Doctor

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    35K crossed............. masha ALLAH

    #6
    Mansoor

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    View Postresearch doctor, on 02 July 2015 - 08:43 AM, said:

    Fear is a component of stock market index. So is again today............. It is being widely hoped that 35K will break, but market may not sustain it, and correction will follow.
    As 35K is/was coming nearer in past few days, three important factors are/were looming on head:
    1. Pakistan's political turmoil
    2. Greece default crisis
    3. Tonight's Oil price fall

    Factor-1 has become cool.
    Factor-2 has not affected any market in the world........ even Greece's is green.
    Factor-3 is latest, and during night, it appeared disheartening for 35K........... But all Asian markets' opening today morning is green!!........ and oil has also recovered a bit.

    Now the only factor is a three + One (today) bull run at KSE........... KSE generally takes a breather after this much run.

    35K is to be broken one day.............. this is just a psychological barrier............ Aakhir kab tak log is se aagay jatay howay darain gay........ LET IT HAPPEN NOW THIS TIME ....... CROSS AND STAY ABOVE IT AND EYE THE NEXT HORIZON OF 37K!!!

    +1, very comprehensive sharing RD bhai.


    Market closed above 35k. I think time to book profits and sit on maximum cash.. A good correction is due
    **********


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