Market Watch of March 17

  3 min 20 sec to read
Market Watch of March 17

Pic. Showing NEPSE candle stick chart of 3rd Chaitra

 

Current Market Price (CMP):  1155.46

 

OHLC update of 3rd Chaitra

O: 1155.50
H: 1165.35
L: 1155.46
C: 1161.45
 

Pivot Table for 4th Chaitra:

S3

S2

S1

Pivot

R1

R2

R3

1,146.27

1,150.86

1,156.16

1,160.75

1,166.05

1,170.64

1,175.94

 

Turnover:

Volume of 3rd Chaitra: NRs. 37.12 crores

Volume of 30th Falgun: NRs. 48.59 crores

Outlook:

  • 1. CMP of today is higher than that of monthly pivot of 1,114.24, weekly pivot of 1146.63 and daily pivot of 1,160.75.
  • 2. Today market remained positive at the end of the day making high of 1165.35 and low of 1155.46.
  • 3. On 3rd Chaitra, Life Insurance increased by 45.84 points of NEPSE index in which NLIC and LICN played a vital role making turnover of 1.368 and 1.069 crores.
  • 4. Likewise Manufacturing and Processing increased by 35.41 points of NEPSE index.

Top 5 turnovers:

Scrips

Turnover

Closing Price

SHINEP

NRs. 4.46 crores

130

NIB

NRs. 2.933 crores

540

NICA

NRs. 1.544 crores

401

UPPER

NRs. 1.450 crores

245

NLIC

NRs. 1.368 crores

1113

Conclusion:

  • 1. Though the market has managed to stay positive the volume has decreased. 
  • 2. It’s time for the investors to wait and watch for new investment.
  • 3. We can observe that long term investors are not selling in the market.
  • 4. Sellers are positive towards the market as they are hoping that the NEPSE index will be rising above, due to which they are waiting for the appropriate time to sell.
  • 5. We can see that the demand in the market is high but the supply is really low due to which we can observe low transaction in the volume.

 

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