Market Watch 5th Chaitra(Tuesday)

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Market Watch 5th Chaitra(Tuesday)

                                              NEPSE Candle Stick Chart of 5th Chaitra

Current Market Price (CMP): 1147.15

OHLC Update:

O: 1153.98

H: 1158.78

L: 1146.90

C: 1147.15
 

Monthly Pivot Table:

S3

S2

S1

Pivot

R1

R2

R3

1,046.89

1,072.92

1,114.21

1,140.24

1,181.53

1,207.56

1,248.85

 

Weekly Pivot Table:

S3

S2

S1

Pivot

R1

R2

R3

1,078.86

1,098.49

1,127

1,146.63

1,175.14

1,194.77

1,223.28

 

 

Pivot Table For 6th Chaitra:

S3

S2

S1

Pivot

R1

R2

R3

1,131.23

1,139.06

1,143.11

1,150.94

1,154.99

1,162.82

1,166.87

 

Turnover Update:

Turnover of 5th Chaitra: 14.86 Crores

Turnover of 4th Chaitra: 36.07 Crores

Commentary: 
CMP of 5th Chaitra 1,147.15  is  below pivot of 6th Chaitra 1,150.94 which is slightly above the weekly pivot of 1,146.63 and monthly pivot of 1,140.24. 
Today none of the sub indices of the NEPSE market stayed positive till closing. 
Hotels is at 0 neither losing any points nor gaining points of index value. 
 

Top 5 Turnovers:

Scrips

Turnover

Closing Price

CIT

23,546,408

2690

GLICL

14,678,394

734

GBIMEP

11,514,102

174

UPPER

4,771,501

242

NLIC

 

4,563,621

1097

 
Analysis: 
Today market stayed negative and the volume also has decreased gradually. This is a  bearish trend going on in the market. 
As we can see that today’s CMP has remained below the next day’s pivot, this shows that the market can get around weekly pivot which says that NEPSE will again drop points. 
Candle stick shows the M- pattern which shows that the market has tendency of making another low point. 
New investors can wait for few more days if they are willing to invest in the market. 
 

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