Market Watch of March 12

  5 min 10 sec to read
Market Watch of March 12

 

 

Current Market Price (CMP) = 1163.26

 

OHLC Update for 29th Falgun:

O: 1142.93
H: 1163.26

L: 1142.93

C:  1163.26

 

Pivot Table for 29th Falgun:

S3

S2

S1

Pivot

R1

R2

R3

1,129.38

1,136.15

1,149.71

1,156.48

1,170.04

1,176.81

1,190.37

 

Outlook:

  • 1. The CMP of today is higher than the daily pivot of 1,156.48 and weekly pivot of 1,118.16.
  • 2. On 28th Falgun market remained positive throughout the day.
  • 3. We can observe that every index of market on the date of 28th Falgun has stayed positive.
  • 4. Banking sector has increased by 22.28 points of index, hotels by 22.94, hydropower by 32.12, and non life insurance by 29.92 and most importantly life insurance by 77.19 which is the largest point change of the day in comparison to other sub- indices.

 

Turnover Update:

Turnover of 28th Falgun: 52.77 crores

Turnover of 27th Falgun: 40.28 cores

 

 

Top 5 Turnover Scrips:

Scrips

Turnover

LTP

MBL

NRs. 3.155 crores

220.00

NCCB

NRs. 3.110 crores

217.00

PRVU

NRs. 2.839 crores

237.00

UPPER

NRs 2.344 crores

244.00

NLIC

NRs. 2.089 crores

1,124.00

 

Top 5 Bank trades of 28th Falgun:

Scrips

Turnover

LTP

MBL

NRs. 3,155 crores

220.00

NCCB

NRs. 3.110 crores

217.00

PRVU

NRs. 2.839 crores

237.00

NICA

NRs. 2.017 crores

401.00

NBL

NRs. 1.608 crores

294.00

Conclusion:

  • 1. Today market has remained positive throughout the day.
  • 2. The traded volume of market has also increased likewise the NEPSE index.
  • 3. We can see that the market is progressive in nature.
  • 4. Along with the NEPSE index every other indexes has been increasing.
  • 5. Today market has opened and made the lowest at the same point and made the highest and closed at the same point
  • 6. By looking at the candle stick pattern we can say that it is more like the moruboju pattern.
  • 7. Indexes as well as the sub-indices of NEPSE market is positive today showing that the market is increasing.
  • 8. We can hope that the market will be increasing for future days as the trend going on is Bullish in nature.
  • 9. It has been 6 days in a row that market has remained positive comparing these 6 days 28th Falgun has traded in large volume.

 

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