Market Watch of April 8

  8 min 27 sec to read
Market Watch of April 8

                                              Pic. Showing NEPSE Candle Stick Chart

 

Current Market Price (CMP):  1191.68

 

OHLC Update:

O: 1182.36
H: 1197.80
L: 1179.43
C: 1191.68

Pivot table for 25th Chaitra:

S3

S2

S1

Pivot

R1

R2

R3

1,163.1

1,171.27

1,181.47

1,189.64

1,199.84

1,208.01

1,218.21

 

                                                                                   

Pivot for this Week Chaitra:

S3

S2

S1

Pivot

R1

R2

R3

1,113.21

1,126.36

1,146.1

1,159.25

1,178.99

1,192.14

1,211.88

 

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:

25th Chaitra:  Nrs 90.69 Crores

24th Chaitra: Nrs 54.39 Crores

Commentary:

  • 1. CMP of 25th Chaitra is above the Daily, Weekly and Monthly Pivot.
  • 2. The turnover of 25th Chaitra is more than that of 24th Chaitra.
  • 3. The market made its low during first hour and highest during its third hour.
  • 4. Today we can see that every indexes of NEPSE market has remained positive.
  • 5. The sub-indices of every sector remained positive except Hotels and Others.
  • 6. The Life and Non-Life Insurance has made positive by 153.7 and 167.5 points respectively.

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NICA

NRs. 7.63 crores

466

NMB

NRs. 5.42 crores

357

NIB

NRs. 4.32 crores

559

NIL

NRs. 4.21 crores

532

NCCB

NRs. 3.98 crores

227

 

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 38.508 Crores

1,298,146

3,782

Finance

NRs. 0.419 Crores

28,370

80

Hotels

NRs. 0.108 Crores

3,212

22

Manufacturing And Processing

NRs. 0.45 Crores

14,315

211

Others

NRs. 0.52 Crores

5,515

71

Hydro Power

NRs. 4.35 Crores

213,104

1,582

Non Life Insurance

NRs. 2.13 Crores

37,158

290

Development Banks

NRs. 2.73 Crores

148,772

497

Mutual Fund

NRs. 0.051 Crores

56,384

37

Promoter Share

NRs. 1.83 Crores

34,244

45

                                      Pic. Showing Sensitive Candle Stick Chart

Analysis:

  1. 1. As the market today is positive and the turnover has also increased, this indicates that the prevailing market is Bullish. Today Banking and Insurance has played a vital role in increasing the turnover of the day.
  2. 2. The Candle stick pattern today is more like ‘Three outside Up".
  3. 3. We can say that market today had a long day. As we can see that the difference between the highest and the lowest point is more than 15 points.
  4. 4. Today we can see that the Life Insurance and Non-Life Insurance has a rapid growth.
  5. 5. Today the Bank had the highest number of transaction whereas the Hotels had the lowest number of transaction.

 

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