Market Update 16 July (Tuesday)

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Market Update 16 July (Tuesday)

Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1259.01

OHLC Update of 31st Asar:

O: 1285.49
H: 1285.50
L: 1256.54
C: 1259.01

Pivot for 1st Shrawan:

S3

S2

S1

Pivot

R1

R2

R3

1219.57

1,238.06

1,248.53

1,2667.02

1,277.49

1,295.98

1,306.45

Pivot for the week (29th Asar- 2nd Shrawan):

S3

S2

S1

Pivot

R1

R2

R3

1205.64

1221.54

1,241

1,256.9

1,276.36

1,292.26

1,311.72

OHLC Update of the month of Asar

O: 1269.56

H: 1285.5

L: 1237.43

C: 1259.01

Pivot for the month of Shrawan:

S3

S2

S1

Pivot

R1

R2

R3

1187.72

1212.58

1,235.79

1,260.65

1,283.86

1,308.72

1,331.93

Turnover Update:

Turnover Volume of 29th Asar: NRs 28.52 Crores

Turnover Volume of 30th Asar: NRs 43.05 Crores

Turnover Volume of 31st Asar: NRs 34.72 Crores

Commentary:

-Today market has increased by 0.35%. The Sensitive index has also increased by 0.36%. The Float index has also increased by 0.35% and Sensitive Float has increased by 0.32% today.

-The banking index has gained by 0.37%. It is 1,133.04 today.

-The volume of shares traded today is less than the previous trading day's volume. It is 1,956,630 today while it was 2,973,843 on the previous trading day (30th Asar).

-Out of the 11 Sub-indices traded today, all of them are positive. The least increase is seen on Life Insurance which is 0.03%. The highest increase is seen on Mutual Fund which is by 4.98%.

-The CMP of 31st Asar is slightly below the pivot for the next trading day. It is below the weekly pivot and the pivot of this month as well.

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NBL

Rs. 5.78  Crores

336

NLICP

Rs. 3.44 Crores

530

NABIL

Rs. 2.06 Crores

800

SHIVM

Rs. 1.49 Crores

608

NLICL

Rs. 1.29 Crores

585

Top 5 Gainers:

Scrips

LTP

Percentage Change

NEF

9.33

9.12

CLBSL

555

8.82

CMF1

10.18

8.30

NMBHF1

10.03

7.85

AKPL

188

6.21

Top 5 Losers:

Scrips

LTP

Percentage Change

AKJCL

69

-4.16

RHPC

90

-3.22

SLBBL

441

-2.86

FMDBL

375

-2.84

SHPC

245

-2.39

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 16.85 Crores

533,650

1,592

Finance

NRs. 0.11 Crores

9,845

48

Hotels

NRs. 0.012 Crores

260

9

Manufacturing And Processing

NRs. 1.67  Crores

25,719

172

Others

NRs. 0.69 Crores

12,952

82

Hydro Power

NRs. 1.24 Crores

50,923

583

Non Life Insurance

NRs. 0.91 Crores

18,746

192

Development Banks

NRs. 1.40 Crores

69,857

255

Mutual Fund

NRs. 0.97 Crores

985,995

533

Promoter Share

NRs. 4.85 Crores

147,535

108


Pic. Showing Sensitive Candle Stick Chart

Conclusion:

-Today, the market has increased become positive. The market today opened at 1285.49 which was nearer to today's high i.e. 1285.50 within the first trading hour. Since then, it has been declining and reached its low of 1256.54 and finally went up to close at 1259.01.  

-The candlestick chart of today exhibits a black candle though the market index has increased than yesterday. The pattern exhibits a shape similar to "Opening Black Marubozu".  It means there is a long gap between and close where the open is higher than close.

-The CMP of today is below the pivot for the next day. The volume has decreased. It can be anticipated that the market price might either decrease a bit or saturate around this level.

-The market today seems to be affected by closing of the fiscal year 2075/76.

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