Pic. showing NEPSE candle stick chart of 29^th Falgun

Current Market Price (CMP): 1150.10

OHLC Update of 29^th Falgun

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

Pivot Table for 30^th Falgun;

Turnover Update:

Turnover of 29^th Falgun: 42.83 crores

Turnover of 28^th 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.