Market Watch 8th Chaitra(Thursday)

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Market Watch 8th Chaitra(Thursday)

                                                       NEPSE Candle Stick Chart

Article for 8th Chaitra

Current Market Price (CMP): 1140.64
 

OHLC Update of 7th Chaitra:

O: 1147.15
H: 1150.30
L: 1139.58
C: 1140.64
 

Pivot table for 8th Chaitra:

S3

S2

S1

Pivot

R1

R2

R3

1,125.99

1,132.79

1,136.71

1,143.51

1,147.43

1,154.23

1,158.15

 

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

 

Turnover Update:

Turnover of 7th Chaitra: 17.87 Crores

Turnover of 5th Chaitra: 14.86 Crores

Commentary:

  • 1. CMP of 7th Chaitra 1140.64 is below pivot of 8th Chaitra 1,143.51 which is also below weekly pivot of 1,146.63 and around the monthly pivot of 1,140.24.
  • 2. Today Manufacturing & Processing and others has remained positive while all other indices are still negative.
  • 3. Today all indexes have remained negative while closing.

Top 5 Turnovers:

Scrips

Turnover

Closing Price

 NLIC

15,563,060

1,077

CZBIL

9,687,603

208

NICA

8,332,966

396

LICN

7,491,312

1,495

UPPER

7,393,742

238

Analysis:

1.Today market stayed negative like as the last traded day but today we can see a little improvement in the turnover which has increased.  This also states that     the market is still following Bearish trend.
2.As per our analysis we can see that the CMP of today has remained under 8th Chaitra pivot, observing the down trend of the market we can see that the   market may get around the monthly pivot.
3.Looking at the past three days candle sticks we can say that it’s “Identical Three Crows” pattern.
4.This shows that the new investors are  favored by the market; they have a leverage to wait some more days before investing as market is taking the down   trend.
 

                                                  Sensitive Candle Stick Chart of 7th Chaitra


 

 

 

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