Market Watch of March 13

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Market Watch of March 13

                                     Pic. showing NEPSE candle stick chart of 29th Falgun

 

Current Market Price (CMP): 1150.10

OHLC Update of 29th Falgun

O : 1163.26
H :1166.27
L : 1148.05
C : 1150.10

 

Pivot Table for 30th Falgun;

S3

S2

S1

Pivot

R1

R2

R3

1,125.12

1,136.59

1,143.34

1,153.63

1,161.56

1,173.03

1,179.78

 

Turnover Update:

Turnover of 29th Falgun: 42.83 crores

Turnover of 28th Falgun: 52.77 crores

Outlook:

  • The CMP of 29th Falgun is above daily pivot of 1,153.63 and weekly pivot of 1,118.16.
  • Today market started being positive and closed being negative.
  • There is 20 points difference between lowest and highest point of 29th Falgun.
  • Today NEPSE has decreased by 13.16.
  • Today only Finance sector has managed to stay positive with 2.74 points in NEPSE index. Rest of the indices is negative today.
  • We can observe that life insurance and non –life insurance has decreased a lot by NEPSE points of 73.51 and 89.05 respectively.

Conclusion:

  1. 1.We can observe that the candle stick pattern seems like Dark Cloud Cover.
  2. 2.It seems like tomorrow there might be chance for new entry.
  3. 3.As the volume has also decreased likewise the NEPSE market, it can say that the market will be in bearish trend but the CMP lies above the daily as well as the weekly pivot.
  4. 4.Due to the profit booking by the short term trader market has declined.

 

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