Market Update 17 July (Wednesday)

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Market Update 17 July (Wednesday)

Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1274.86

OHLC Update of 1st Shrawan:

O: 1258.99
H: 1274.86
L: 1258.81
C: 1274.86

Pivot for 2nd Shrawan:

S3

S2

S1

Pivot

R1

R2

R3

1248.11

1,253.46

1,264.16

1,269.51

1,280.21

1,285.56

1,296.26

 

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

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 31st Asar : NRs 34.72 Crores

Turnover Volume of 1st Shrawan : NRs 42.67 Crores

Commentary:

- Today market has increased by 1.26%. The Sensitive index has also increased by 1.06%. The Float index has also increased by 1.45% and Sensitive Float has increased by 1.29% today.

- The banking index has gained by 1.47%. It is 1,149.73 today.

- The volume of shares traded today is less than the previous trading day's volume. It is 1,375,190 today while it was 1,956,630 on the previous trading day (30th Asar).

- Out of the 11 Sub-indices traded today, all of them are positive except Hotels and Finance. The least increase is seen on Mutual Fund which is by 0.03%. The highest increase is seen on Microfinance which is by 1.81%.

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

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NBL

Rs. 4.75  Crores

345

NLIC

Rs. 2.95 Crores

900

SHIVM

Rs. 2.40 Crores

627

UPPER

Rs. 2.13 Crores

286

NIBPO

Rs. 1.54 Crores

478

Top 5 Gainers:

Scrips

LTP

Percentage Change

UMB

9856

7

SMFDB

545

6.86

GILB

695

6.76

SDESI

616

6.57

SLBBL

465

5.44

Top 5 Losers:

Scrips

LTP

Percentage Change

CLBSL

505

-9

DHPL

71

-8.97

AKPL

178

-5.31

UFL

182

-5.20

RLFL

121

-3.96

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 18.34 Crores

549,827

1,799

Finance

NRs. 0.15 Crores

11,979

80

Hotels

NRs. 1.59  Crores

30,043

58

Manufacturing And Processing

NRs. 2.47 Crores

39,148

200

Others

NRs. 1.30 Crores

23,725

110

Hydro Power

NRs. 3.53 Crores

154,231

1,163

Non Life Insurance

NRs. 1.23 Crores

24,631

184

Development Banks

NRs. 3.72 Crores

177,526

528

Mutual Fund

NRs. 0.068 Crores

66,334

23

Promoter Share

NRs. 3.32 Crores

203,696

40

 

Pic. Showing Sensitive Candle Stick Chart

Conclusion:

- Today, the market has increased and become positive. The market today opened at 1258.95. It has been in the increasing trend till the whole day and closed at its high of 1274.86 at the end of the day.

- The candlestick chart of today exhibits a white candle. The pattern exhibits a shape similar to "White Closing  Marubozu".  The body of the candlestick is white and long. It has no upper shadow and has a very short lower shadow.  The Sensitive candlestick also exhibits similar type of pattern.

- The candlestick is generally bullish where the price is buyer-driven. The market today seems to be affected after the closing of the fiscal year 2075/76.

- The CMP of today is above the pivot for the next day. The volume has decreased. It can be anticipated that further increase in market price might stop.

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