Pic. showing Nepse Monthly Chart

Current Market Price (CMP): 1,144.53

OHLC Update of 14^th Chaitra:

O: 1142.61
H: 1144.60
L: 1140.11
C: 1144.53

Pivot for 17^th Chaitra:

OHLC Update of this week (11-14^th Chaitra):

O: 1134.80
H: 1144.60
L: 1131.82
C: 1144.53

Pivot for coming week (17 – 21^st Chaitra)

Monthly pivot table:

Projected Range for Coming Week (17^th to 21^st): 1,138.17 – 1,150.95

Turnover Update:

This week ( 10-14^th Chaitra): 143.3 Crores

14^th Chaitra: 25.16 Crores

Commentary:  

• 1. On 13^th of this week the highest transaction took place of NPR. 46.66 Crores.
• 2. Laxmi Bank made the highest turnover of NPR.  26.64 Crores this week making it the largest contributor.
• 3. Market remained positive throughout the week.
• 4. At the closing of the week, Life Insurance gained the highest point of 26.98 of NEPSE Index. While, Non-Life Insurance also gained 18.2 points of NEPSE Index
• 5. The volume of this week has increased in comparison to last week.
• 6. Commercial Banks made the turnover of NPR. 11.29 Crores on 14^th of Chaitra which is also the closing of this week.

                                                     Pic. showing Nepse weekly Chart

Top 5 turnovers:

Analysis:

• 1. It seems like still Bearish trend is going on but we can hope that the market will rise above and convert to Bullish trend
• 2. We can see that the CMP is above the daily Pivot as well as Monthly and weekly Pivot, It seems that market will rise and face the Bullish trend
• 3. As the turnover of yesterday is lower than today’s turnover which is NPR. 26 Crores. We can still hope the market to be in Bullish trend as yesterday\s turnover was high due to Laxmi Bank’s turnover.
• 4. Investors can wait for new low of the market as we can see that the volume is not going up as we expected. Interested buyers can wait for few more days as buying at higher price is not good as buying at lower.

Happy Trading…………………….