Market Watch of April 2

  4 min 38 sec to read
Market Watch of April 2

Pic. showing NEPSE candle stick weekly chart

 

Current Market Price (CMP): 1163.47

OHLC Update of 19th Chaitra:

O: 1149.99
H: 1164.85
L: 1149.69
C: 1163.47

Pivot Table for 20th Chaitra:

S3 S2 S1 pivot R1 R2 R3
1,138.66 1,144.18 1,153.82 1,159.34 1,168.98 1,174.5 1,184.14

Pivot for This Week:

 S3

S2

S1

Pivot

R1

R2

R3

1,123.25

1,127.54

1,136.03

1,140.32

1,148.81

1,153.1

1,161.59

 

Pivot of this month:

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

Turnover Update:

19th Chaitra: 50.08 Crores

18th Chaitra: 35.28 Crores

Commentary:

  • 1. Today market remained positive and made the highest point during 2nd hour.
  • 2. We can see that Life Insurance, Hotels and Banking made the noticeable positive changes which are 38.86, 20.01 and 19.67 respectively.
  • 3. Hydro Power and Non Life Insurance lost some points of the NEPSE market which are 3.48 and 6.76 respectively.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NCCB

NRs. 4 crores

218

NICA

NRs. 3.76 crores

426

NMB

NRs. 2.71  crores

335

NBB

NRs. 2.27 crores

204

PRVU

NRs. 2.06 crores

246

                                                     Pic. showingBanking Candle Stick weekly chart

Analysis:

  • 1. CMP of today is higher than the daily, monthly and weekly pivot which is a good sign for the ones holding the share in the NEPSE Market.
  • 2. We can see the positive change in volume of the market which shows that market has made a huge transaction.
  • 3. Positive change in both NEPSE index and volume says that the market these days are going on bullish trend.
  • 4. Observing the candle stick pattern we can say that the uptrend should stay intact.
  • 5. Banking these days in market has been a “Hot Cake”.
  • 6. Is banking index these days being super bullish? 

 

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