Market Watch of May 17

  11 min 40 sec to read
Market Watch of May 17

                                            Pic. Showing NEPSE Daily Candle Stick Chart


Current Price (CMP): 1318.71

OHLC Update of 2nd Jestha:

O: 1321.00
H: 1326.69
L: 1313.93
C:  1318.71

Pivot for 5th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,300.1

1,307.02

1,312.86

1,319.78

1,325.62

1,332.54

1,338.38

 

 

OHLC Update of 1st week of Jestha:

O: 1291.03
H: 1334.06
L: 1295.03
C: 1318.71

Pivot for the 2nd Week of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,258.78

1,276.9

1,297.81

1,315.93

1,336.84

1,354.96

1,375.87

 

Pivot for Month of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,217.16

1,243.61

1,281.16

1,307.61

1,345.16

1,371.61

1,409.16

 

Turnover Update:

On Month of Baisakh: 1,803.05 Crores

4th week of Baisakh (22nd – 26th): NRs. 339.7Crores

Weekly volume of this week (29th Baisakh – 2nd Jestha): NRs. 494.93 Crores

1st Jestha: Nrs. 133.03 Crores

2nd Jestha: Nrs. 94.76 Crores

Commentary:

  • 1. Today market is negative after many days. Along with the market other sub indices are also negative. NEPSE Market has lost 0.17% likewise Sensitive also lost 10.29%.
  • 2. The volume today has dropped its volume on the last day of this traded week.
  • 3. Out of 12 Sub-indices 6 of them are positive. The noticeable change on the Sub- Indices is positive changes of Trading by 4.18% and negative change of Manufacturing & Processing by 2.28%.
  • 4. The CMP of 2nd Jestha is below the pivot of 5th Jestha but above the monthly pivot and the weekly pivot.
  • 5. Comparing NEPSE Market and Sensitive we can see that the NEPSE Market has more fluctuation than the Sensitive.

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

SHIVM

NRs. 13.41 Crores

572

NBL

NRs. 6.81 Crores

319

NCCB

NRs. 5.00 Crores

260

ADBL

NRs. 4.81 Crores

421

ALICLP

NRs.  3.68 Crores

262

Top 5 Gainers:

Scrips

LTP

Point Change

SHIVM

572

52

MPFL

159

14

KRBL

107

9

IGI

454

30

RBCLPO

10,809

645

Top 5 Losers:

Scrips

LTP

Point Change

ADBL

421

-17

CORBL

101

-4

PROFL

102

-4

GIMES1

8.95

0

UMB

1,130

-44

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 39.07 Crores

1,254,074

3,826

Finance

NRs. 0.77 Crores

60,273

193

Hotels

NRs. 1.31 Crores

25,742

109

Manufacturing And Processing

NRs. 13.63 Crores

246,577

1,501

Others

NRs. 2.87 Crores

51,513

192

Hydro Power

NRs. 4.35 Crores

213,424

1,195

Non Life Insurance

NRs. 7.92 Crores

87,969

860

Development Banks

NRs. 10.85 Crores

622,577

1,525

Mutual Fund

NRs. 0.13 Crores

137,380

52

Promoter Share

NRs. 6.49 Crores

186,490

125

                                                             Pic. Showing Weekly Candle Stick Chart

                                                          Pic. Showing NEPSE Monthly Candle Stick Chart

Analysis:

  • 1. The CMP of 2nd Jestha is below the Pivot of 5th Jestha and the volume is lower than that of last traded volume. As this is the last day of this trading week so the result we obtained is uncertain. As we see red candle stick formed there might be confusion for the people but still the market is in bullish.
  • 2. Observing the past days trend of candle stick pattern, it seems like “Three Line Strike”. Observing today’s candle stick pattern it is “Morning Star”.
  • 3. Despite of market being negative on the closing of the week we still expect the market to rise following the upward trend.
  • 4. As we can observe the raise in market which resulted in increase in number of prominent sellers, but at the same time due to high market price the market is unable to find suitable buyers. 
  • 5. In spite of fluctuation in the market, there is increase in trade volume and NEPSE market as compared to last traded week of Baisakh.

 

 

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