TriggerShark

EquityResearch/Pakistan

Sep24,2014

KSE100Index
CLOSE

HIGH

LOW

CHANGE

14dayRSI

55SMA

144SMA

233SMA

30,143.77

30,200.14

29,955.60

+149.90/0.50%

63.42

29,449.88

28,763.72

27,297.58

StrugglingToRegainMomentum

INTRADAYSUPPORTLEVELS
S1:30,038
S2:29,892
S3:29,65529,500

INTRADAYRESISTANCELEVELS
R1:30,157
R2:30,276
R3:30,405

ShortTerm: Market failed to hit 29,892 level yesterday and recovered to se le 0.5% higher. Need a recovery
through30,23030,276levelstoallowminutestrengthtowards30,405and30,580levels.Onthedownside,abil
itytohit29,892levelwouldproducepressuretowards29,65529,500and29,271levels.Weakbuyabove30,230
30,276levels/Sellbelow29,892level.

General Outlook: Despite a deep and steep recovery beyond the 78.6% retracement of Wave A (impulsive fall
from30,639to27,354level)at29,936level,markethasfailedtopush14dayRSIintobullmarketreadingswitha
nega ve divergence maintained on hourly chart. In the process, three gaps were le within 29,349 29,284,
28,62028,577and2817927,866levelsraisingsuspicionoversustainabilityofshorttermbullishness.Ifmar
ketiss llinanintermediatezigzagcorrec vephase,thenitshouldnotcrosslasthighof30,639levelwhereafall
below29,43529,349levelswouldtranspiresharpfallinwaveC(minimum1,255to3,285points)tocomplete
theZigzagstructure.
Inanalternatescenario,evenifmarketregistersanewhigh,above30,639level,suchac onwoulds llbeseenas
partofintermediatecorrec onunfoldinglimitedupsidetowardstheupperlineofanexpandingtrianglepa ern
around 31,400 level (unfavorable risk / reward scenario). Termina on of this leg would transpire a sharp fall in
waveEtocompleteanexpandingtrianglepa ern,atleasttowardsagaple between28,179to27,866levels.
In bothscenarios, market remains in an intermediate correc ve phase. We believe recent adjustment of 10%or
3,285pointswasnotsucientenoughtomeetrequirements( meandprice)ofcorrec ngmul yearrise(184%
or19,868points)fromJan2012lows.Weeklyandmomentlymomentumindicatorshaveroomforfurtheradjust
mentbeforetheylooksettokickoafreshprimarybulltrend.Sectorswhichs llappearinbullishmodeinclude
Pharmas,AutosandInsurance(minorcons tuents)whileremainingsectorsremaintrappedinintermediatecorrec
vestructures.Marketneedsleadershipfromheavyweightsectorstosuggestcon nua onofprimarybulltrend.

QasimAnwar
[email protected]
111253111(680)

13dayLeaders:INIL,ISL,ARPL,SHFA,GLAXO,PCAL,HUMNL,ARM,FABL&CEPB
13dayLaggards:PAKT,COLG,KTML,PTC,PSEL,ABL,HMB,MLCF,MUREB&AHCL

StockSnap
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%Chg

OGDC
POL
PPL
PSO
ATRL
APL
NRL
MARI
BYCO
MCB
NBP
HBL
UBL
BAFL
AKBL
ABL
BOP
MEBL
BIPL
FFC
FFBL
ENGRO
FATIMA
DAWH
DGKC
LUCK
ACPL
FCCL
LPCL
DCL
MLCF
SSGC
SNGP
HUBC
KAPCO
KEL
AICL
NML
JSCL
AHCL
ANL
PTC
TELE
WTL
LOTCHEM

259.33
541.43
227.06
368.18
202.29
556.10
201.30
422.61
10.69
283.36
60.13
207.82
193.16
28.83
21.75
107.68
8.03
41.99
10.71
114.33
41.71
175.25
27.40
69.45
82.89
414.08
170.57
19.41
16.74
6.84
28.14
28.61
21.66
67.82
64.98
8.11
47.34
118.31
10.36
25.41
5.40
24.17
3.77
1.86
7.11

(0.32)
0.39
0.05
1.99
5.00
1.47
3.61
5.00
7.22
0.46
0.45
(0.25)
(0.49)
(0.38)
0.42
0.63
0.25
4.06
4.39
(0.46)
1.51
0.79
(4.20)
(0.64)
0.94
0.99
1.22
0.88
(0.36)
(0.87)
0.39
0.49
0.65
0.97
0.05
(0.98)
0.83
4.30
2.17
(0.39)
(0.37)
0.75
3.86
1.64
2.45

Sep24,2014
52Week 52Week 55Day 55Day General
21dayAvg. 14day
21MA 34MA 55MA 144MA 233MA
Volume
RSI
High
Low
High
Low
Profile
688,138
281,114
2,217,486
1,505,891
319,171
57,507
65,600
699,024
1,593,214
270,638
2,481,500
432,705
2,049,795
2,454,905
3,391,381
186,595
4,478,976
121,857
80,619
1,560,691
1,321,024
1,597,662
946,143
119,262
4,096,310
921,610
35,476
3,811,714
7,479,500
719,786
7,910,405
1,675,191
449,548
874,976
371,333
7,173,691
1,678,024
1,334,324
3,774,095
283,095
1,019,262
1,266,095
468,095
658,667
1,225,691

45.23
48.23
50.84
47.40
62.74
54.38
57.38
65.62
62.29
50.35
56.74
65.86
65.45
58.45
63.86
41.27
43.85
56.66
70.64
57.25
58.75
51.09
49.98
56.04
58.47
63.34
45.42
59.07
66.32
61.27
47.63
47.08
61.08
68.15
62.78
54.24
50.56
64.61
60.24
39.12
55.54
44.72
66.76
48.40
56.87

262.12
543.57
226.07
368.27
189.82
546.14
191.32
396.39
10.03
279.88
58.55
195.79
183.02
28.32
20.88
108.61
8.08
40.97
9.79
113.86
40.75
172.23
26.97
66.70
78.94
382.05
176.10
18.81
15.80
6.31
28.03
27.96
20.48
65.72
64.01
8.03
47.06
110.81
9.77
25.89
5.23
24.39
3.31
1.87
6.80

260.16
539.02
225.27
370.97
192.66
545.25
194.49
387.26
10.08
282.21
58.55
192.31
181.10
27.83
20.70
110.39
8.09
40.86
9.63
111.43
39.49
173.62
27.15
65.07
78.34
381.76
170.10
18.80
15.65
6.21
27.99
28.88
20.52
63.90
63.11
7.68
47.39
109.58
9.37
25.93
5.13
24.36
3.27
1.86
6.88

261.39
540.40
225.79
379.10
201.06
553.05
202.48
385.94
10.46
288.08
59.63
190.58
178.79
27.98
20.25
115.58
8.39
41.26
9.77
110.32
39.27
176.56
27.64
66.64
82.07
391.23
168.60
19.01
15.85
6.60
29.09
31.06
21.28
63.19
62.40
7.74
47.64
111.94
9.72
26.36
5.39
24.78
3.52
1.94
7.06

253.38
519.74
225.02
387.54
211.22
532.91
212.15
313.96
11.11
277.00
58.17
180.46
167.43
27.53
18.79
113.44
9.47
40.00
10.14
107.58
39.36
186.97
28.92
74.83
86.71
369.33
157.23
17.81
14.24
7.58
29.67
31.07
22.01
58.43
60.53
7.39
46.80
115.94
10.68
27.22
6.28
26.66
4.47
2.26
7.13

256.79
490.51
218.53
349.48
209.08
499.31
209.55
271.73
10.28
265.02
56.47
165.17
150.15
26.17
16.66
99.54
9.98
39.51
8.92
104.85
38.92
173.81
27.61
69.18
85.03
336.85
150.36
15.90
12.17
7.11
28.24
28.67
21.76
58.91
59.97
6.79
42.11
116.82
10.41
25.32
6.60
26.74
4.81
2.36
7.11

282.74
570.49
248.02
455.99
242.05
580.00
249.00
422.70
13.35
307.50
63.39
216.80
199.50
29.54
22.99
138.00
12.74
45.00
12.00
117.48
43.40
218.60
32.80
95.00
97.75
441.05
187.60
20.99
17.52
10.04
34.25
38.20
24.68
68.20
65.00
9.25
51.90
141.70
14.56
32.09
10.65
31.50
7.08
3.34
8.40

221.75
372.50
183.00
228.91
173.80
366.00
174.11
147.22
8.03
209.86
45.31
119.39
105.52
18.15
10.70
63.96
7.00
35.00
5.20
85.50
33.25
113.37
21.50
46.41
64.35
214.40
123.00
8.69
6.50
4.50
20.10
22.25
18.50
51.02
53.15
4.90
23.21
81.90
7.30
19.10
4.44
22.85
2.81
1.57
6.15

276.50
570.49
237.50
411.99
221.39
580.00
223.00
422.70
11.90
307.50
63.00
216.80
199.50
29.54
22.99
138.00
9.34
45.00
10.75
117.48
43.00
190.24
30.24
73.48
92.96
441.05
187.60
20.99
17.52
7.78
34.25
38.20
23.99
68.20
65.00
8.60
50.90
120.50
10.90
28.60
6.19
26.45
4.32
2.15
7.99

241.69
513.02
215.21
352.10
173.80
505.01
174.11
344.00
9.03
263.55
54.00
179.24
163.53
25.31
17.90
103.50
7.00
38.22
8.55
103.70
35.95
154.99
25.52
54.51
69.57
323.52
150.15
16.96
14.70
5.49
24.31
24.71
18.50
57.08
58.23
6.33
44.70
96.80
7.50
24.00
4.44
22.85
2.81
1.57
6.15

Bullish
Neutral
Bullish
Bearish
Neutral
Bullish
Bearish
Bullish
Neutral
Bearish
Bullish
Bullish
Bullish
Bullish
Bullish
Bearish
Neutral
Bullish
Bullish
Bullish
Bullish
Bearish
Bearish
Bullish
Bullish
Bullish
Bullish
Bullish
Bullish
Neutral
Bearish
Bearish
Neutral
Bullish
Bullish
Bullish
Neutral
Bullish
Bullish
Bearish
Neutral
Bearish
Neutral
Neutral
Bearish

Short
Term
Trend
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive
Positive

TradingStance

Trading
Stop

S3

S2

S1

PIVOT

R1

R2

R3

Buy
Neutral
Buy
AwaitingaSignal
Neutral
Buy
WeakBuy
Buy
Neutral
WeakBuy
Buy
Buy
Buy
Buy
Buy
AwaitingaSignal
Neutral
Buy
Buy
Buy
Buy
WeakBuy
WeakBuy
Buy
Buy
Buy
AwaitingaSignal
Buy
Buy
Neutral
WeakBuy
WeakBuy
Neutral
Buy
Buy
Buy
Neutral
Buy
Buy
AwaitingaSignal
Neutral
AwaitingaSignal
Neutral
Neutral
WeakBuy

256.52
542.68
225.74
369.95
188.05
539.50
189.51
386.35
10.00
277.03
58.00
199.40
180.74
27.88
20.75
109.24
8.04
40.66
9.91
113.34
40.28
167.89
27.14
63.51
76.93
374.26
170.80
18.31
16.07
6.39
27.08
27.31
20.37
64.86
62.61
7.52
46.95
107.95
9.20
25.87
5.13
24.30
3.43
1.85
6.73

253.42
536.95
223.91
354.85
185.81
530.75
185.03
391.59
9.18
278.77
58.99
203.11
190.27
28.14
21.32
106.20
7.89
38.78
10.11
112.99
40.42
171.47
25.50
68.05
80.37
397.24
163.06
18.80
16.41
6.56
27.26
27.51
21.09
64.28
64.40
7.94
46.01
107.26
9.54
24.79
5.16
23.55
3.31
1.70
6.59

256.21
538.48
225.11
358.01
189.10
538.38
189.27
397.80
9.60
279.99
59.42
205.31
191.39
28.34
21.46
106.63
7.94
39.57
10.24
113.50
40.74
172.48
26.42
68.55
81.11
402.37
165.53
18.95
16.56
6.67
27.53
27.80
21.22
65.14
64.53
8.01
46.38
109.78
9.83
25.07
5.26
23.78
3.46
1.77
6.77

257.77
539.95
226.09
363.09
195.70
547.24
195.28
410.20
10.14
281.67
59.78
206.56
192.27
28.59
21.60
107.15
7.99
40.78
10.48
113.92
41.22
173.87
26.91
69.00
82.00
408.23
168.05
19.18
16.65
6.76
27.84
28.21
21.44
66.48
64.75
8.06
46.86
114.05
10.09
25.24
5.33
23.97
3.61
1.81
6.94

260.56
541.48
227.29
366.25
198.99
554.87
199.52
416.41
10.56
282.89
60.21
208.76
193.39
28.79
21.74
107.58
8.04
41.57
10.61
114.43
41.54
174.88
27.83
69.50
82.74
413.36
170.52
19.33
16.80
6.87
28.11
28.50
21.57
67.34
64.88
8.13
47.23
116.57
10.38
25.52
5.43
24.20
3.76
1.88
7.12

262.12
542.95
228.27
371.33
205.59
563.73
205.53
428.81
11.10
284.57
60.57
210.01
194.27
29.04
21.88
108.10
8.09
42.78
10.85
114.85
42.02
176.27
28.32
69.95
83.63
419.22
173.04
19.56
16.89
6.96
28.42
28.91
21.79
68.68
65.10
8.18
47.71
120.84
10.64
25.69
5.50
24.39
3.91
1.92
7.29

264.91
544.48
229.47
374.49
208.88
571.36
209.77
435.02
11.52
285.79
61.00
212.21
195.39
29.24
22.02
108.53
8.14
43.57
10.98
115.36
42.34
177.28
29.24
70.45
84.37
424.35
175.51
19.71
17.04
7.07
28.69
29.20
21.92
69.54
65.23
8.25
48.08
123.36
10.93
25.97
5.60
24.62
4.06
1.99
7.47

266.47
545.95
230.45
379.57
215.48
580.22
215.78
447.42
12.06
287.47
61.36
213.46
196.27
29.49
22.16
109.05
8.19
44.78
11.22
115.78
42.82
178.67
29.73
70.90
85.26
430.21
178.03
19.94
17.13
7.16
29.00
29.61
22.14
70.88
65.45
8.30
48.56
127.63
11.19
26.14
5.67
24.81
4.21
2.03
7.64

Copyright2013AKDSecuri esLimited.Allrightsreserved.Theinforma onprovidedonthisdocumentisnotintendedfordistribu onto,oruseby,anypersonoren tyinanyjurisdic onorcountrywheresuchdistribu onorusewouldbecontrarytolaworregula onorwhich