Market Watch of May 23 (Thursday)

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Market Watch of May 23 (Thursday)

Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1314.55

OHLC Update of 9th Jestha:

O: 1319.63
H: 1324.15
L: 1309.12
C: 1314.55

Pivot for 12th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,292.7

1,300.91

1,307.73

1,315.94

1,322.76

1,330.97

1,337.79

 

OHLC Update of 2nd Week of Jestha:

O: 1318.71
H: 1324.15
L: 1304.59
C: 1314.55

Pivot for the 3rd Week of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,285.15

1,294.87

1,304.71

1,314.43

1,324.27

1,333.99

1,343.83

 

Pivot for Month of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,082.82

1,132.34

1,223.9

1,273.42

1,364.98

1,414.5

1,506.06

 

Turnover Update:

On Month of Baisakh: 1,803.05 Crores
Volume of this week (29th Baisakh – 2nd Jestha): NRs. 494.93 Crores
Volume of 2nd Week of Jestha: NRs. 502.44 Crores
8th Jestha: Nrs. 96.66 Crores
9th Jestha: Nrs. 93.26 Crores

Commentary:

1. Today market is negative during the closing of the week. Along with the market other sub indices are also negative. NEPSE Market has lost 0.39% likewise Sensitive also lost 0.32%.

2. The volume today has dropped in comparison to that of yesterday but this is not the lowest volume of this week. Volume this week is greater in comparison to that of last week.  

3. Out of 12 Sub-indices 5 of them are positive. The noticeable change on the Sub- Indices is negative change of Hydropower by 4.82% .

4. The CMP of 9th Jestha is below the pivot of 12th Jestha and slightly above the weekly pivot whereas the monthly pivot is in range of 1270.

6. Comparing NEPSE Market and Sensitive we can see that the NEPSE Market has more fluctuation than the Sensitive. Today NEPSE market made high during the first hour and made the low at third hour.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

UPPER

NRs. 15.59 Crores

287

HDL

NRs. 7.03 Crores

1,809.00

NBL

NRs. 6.14 Crores

340

ADBL

NRs. 4.10 Crores

431

SHIVM

NRs.  3.97 Crores

547

 

Top 5 Gainers:

Scrips

LTP

Point Change

NMBMF

1,072.00

97

MPFL

239.00

21

CLBSL

575

27

SMFDB

570

19

KADBL

181

6

 

Top 5 Losers:

Scrips

LTP

Point Change

HURJA

130.00

-14

HPPL

186.00

-20

GHL

96

-9

UMHL

118

-11

SIFC

156

-13

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 43.74 Crores

1,083,598

3,530

Finance

NRs. 3.04 Crores

111,424

342

Hotels

NRs. 3.60 Crores

70,943

257

Manufacturing And Processing

NRs. 11.10 Crores

117,312

897

Others

NRs. 4.79 Crores

236,583

685

Hydro Power

NRs. 24.55 Crores

1,194,689

4,521

Non Life Insurance

NRs. 6.99 Crores

52,890

399

Development Banks

NRs. 10.67 Crores

224,367

684

Mutual Fund

NRs. 0.08 Crores

118,300

50

Trading

NRs. 0.006 Crores

138,502

59

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 9th Jestha is below the Pivot of 12th Jestha and the volume is lower than that of last traded volume. Analyzing this we can say that the market now is in stalemate.

2.  Observing today’s candle stick pattern, market had average day which seems more like it is “Evening Star”. Observing the candle stick patterns of past days we see the formation of “Dark Cloud Cover”. This suggests an opportunity for the shorts to capitalize on the next day’s open: a warning sign to bullish investors

3. Choppy trend can be observed these days as we can see the candle sticks are hovering in the same range of 1300 to 1320 which is not exactly giving the sign; either the trend is upward or downward.

4. This may be the time for buyers and sellers to have patience because no actual trend is observed. There is a fluctuation in the market which is uncertain. Risk takers can invest in a suitable stock.

5. This week we can observe that the turnover of the market is greater than that of last week this gives us a sign that the buyers and sellers are now active in online trade.

 

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