Pic. showing Nepse daily candle stick

Current Market Price (CMP): 1,124.96

The pivot table for tomorrow (8^th Falgun):

CMP for today is 1,124.96 which is higher than daily pivot but lower than weekly and  the monthly pivot which are 1150.98 and 1139.34 respectively.

OHLC update of today:

O: 1,102.51

H: 1,124.96

L: 1,102.30

C: 1,124.96

Turnover table:

Today’s (7^th Falgun): Rs.21.46 Crores 

Yesterday’s (6^th Falgun): Rs. 23.46 Crores

Conclusion:

1. 1. Opening of the market was negative but it turnout to be positive till the closing.
2. 2. The growth of the market is due to the action of governor of NRB who lowered the interest rate.
3. 3. This may result into more demands in the stock market.
4. 4. But does the lowering help liquidity position in bank?
5. 5. If yes then the market should grow.

Happy trading …………….!!!!!!!!

NEPSE daily candle stick:

1. 1. Market is positive today.
2. 2. Support for tomorrow is 1109.61.