Market Watch as of 29 Magh

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Market Watch as of 29 Magh

CMP: 1128.19

The monthly pivot for this month:

S3 S2 S1 P R1 R2 R3
1025.74 1075.08 1101.64 1150.98 1177.54 1226.88 1253.44

The weekly pivot for this week:

S3 S2 S1 P R1 R2 R3
1108.97 1136.49 1138 1139.34 1154.87 1142.24 1178.73

The pivot table for tomorrow (1st Falguan)

S3 S2 S1 P R1 R2 R3
1120.16 1123.34 1125.77 1128.95 1131.38 1134.56 1136.99

 

Today’s (29th  Magh) volume                       : Rs 19.42 crores  

Yesterdays (28th  Magh) volume                 : Rs 20.27 crores

 

Monthly Outlook:

In month of Magh market dropped from 1200 level to make a low of nearly 1120.

Marketwise Magh shows many rumors of market progress, policies, strikes and statements some important are:

  1. Strike by investors at Nepal Stock Exchange and SEBON.
  2.  Interest rate congestions.
  3.  Online platform provided by Nepal Stock Exchange
  4. PAN for investor.
  5. Margin trading by brokers.

Daily outlook:

  • Today market opened at 1131.22 made a high of 1132.13 and low of 1126.52 and closed by making CMP of 1128.19.
  • Today market turnover has been Rs.19.42 corers which are lesser than Yesterday's turnover of Rs. 20.27 corer.

Conclusion:

Since tomorrow onwards market will be in a new month. Market seems going up in contrast with trading volume.

Still, buyer should be benefitted once market breaks daily pivot of 1128.95 and weekly pivot of 1139.34.

 

Happy Trading……..!!!!!

 

Nepse Daily Candle showing support and resistance with trend channel: :

  1. Today market has remained positive
  2. Support for today at 1128.19 level.
  3. If market rises the resistant for today as 1125.77 level

NEPSE daily candel stick:

For an elloitician the monthly nepse chart shows completion of A B C sub wave after wave 1, 2, 3, 4 and 5 completion or reverse with bearish trend.

It may raise a question,

Is a bull market near???

Answer should be catalyst required.

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