Pic. showing Nepse daily candle stick
Current Market Price (CMP): 1,124.96
The pivot table for tomorrow (8th Falgun):
S3 | S2 | S1 | P | R1 | R2 | R3 |
1087.19333 | 1,094.75 | 1109.853 | 1117.407 | 1132.513 | 1,140.07 | 1155.173 |
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 (7th Falgun): Rs.21.46 Crores
Yesterday’s (6th Falgun): Rs. 23.46 Crores
Conclusion:
- 1. Opening of the market was negative but it turnout to be positive till the closing.
- 2. The growth of the market is due to the action of governor of NRB who lowered the interest rate.
- 3. This may result into more demands in the stock market.
- 4. But does the lowering help liquidity position in bank?
- 5. If yes then the market should grow.
Happy trading …………….!!!!!!!!
NEPSE daily candle stick:
- 1. Market is positive today.
- 2. Support for tomorrow is 1109.61.