Market Watch 10th Feb(Sunday)

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Market Watch 10th Feb(Sunday)

CMP: -1127.53

The pivot table for tomorrow (28th  Magh)

S3

S2

S1

P

R1

R2

R3

1108.15

1118.7

1122.25

1131.08

1136.35

1145.18

1150.45

 

 

 

 

Today’s (27th  Magh) volume: Rs 23.52 crores  

Thursdays (24th  Magh) volume   : Rs 25.76  crores

The Trading volume:

Today’s trading volume Rs 23.52 crores which has been  decreased by 2.24 crores  as compared to Thursdays trading volume of Rs 25.76 crores. Indication seems tomorrow market won’t be ready for the further slide or market may show saturation at the lower support.

Commentary:

  • Market dropped and the volume too. It indicates no more bearish volume.
  • Current market price 1127.53 is still lower than tomorrows pivot 1131.08 ;

Recommendations:

  • Buyers may accumulate at the market or market may wait to watch the next move.
  • Waiting tomorrow may be wise decisions for conventional buyers but aggressive buyers may like to buy for averaging their positions.

Fundamental Outlook:

  • The margin trading rumors may sale in market to rise the price..
  • There might be a room for new entrance in the share market as well.
  • The financial reporting for the quarter still in process from the listed corporate.

 

Happy Trading……..!!!!!

Nepse Daily Candle Chart Illustrates:

  • Longer red body today as market slide.
  • Support for tomorrow at 1122.39 level.
  • If market rises the resistant for tomorrow as 1136.35 level

Sensitive index daily candle chart illustrates:

  • Tomorrows support 238.61.

 

 

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