Market Watch 18th July(Thursday)

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Market Watch 18th July(Thursday)

                                 Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1272.50

OHLC Update of 2nd Shrawan:

O: 1275.99
H: 1283.63
L: 1272.50
C: 1272.50

Pivot for 5th Shrawan:

S3

S2

S1

Pivot

R1

R2

R3

1257.66

1,265.08

1,268.79

1,276.21

1,279.92

1,287.34

1,291.05

 

OHLC Update of this week

O: 1248.54

H: 1285.50

L: 1248.54

C: 1272.50

Pivot for the next week (5th Shrawan- 9th Shrawan):

S3

S2

S1

Pivot

R1

R2

R3

1215.23

1231.89

1,252.19

1,268.85

1,289.15

1,305.81

1,326.11

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:

Total Turnover of Asar: NRs 1080.72 Crores

Turnover Volume of 1st Shrawan: NRs 42.67 Crores

Turnover Volume of 2nd Shrawan: NRs 41.13 Crores

 

Commentary:

  • 1.Today market has decreased by 0.19%. The Sensitive index has also decreased by 0.10%. The Float index has also decreased by 0.16% and Sensitive Float has decreased by 0.04% today.
  • 2.The banking index has lost by 0.12%. It is 1,148.38 today.
  • 3.The volume of shares traded today is less than the previous trading day's volume. It is 1,250,708 today while it was 1,375,190 on the previous trading day.
  • 4.Out of the 11 Sub-indices traded today, Finance, Manu. & Pro. and Microfinance are positive. The rest of them are negative. The least increase is seen on Microfinance which is 0.01%. The highest increase is seen on Finance which is by 0.49%. Similarly, the least decrease in seen in Others by 0.1% while the highest decrease is seen in Hotels by 1.23%.
  • 5.The CMP of 2nd Shrawan is slightly below the pivot for the next trading day. However, it is above the weekly pivot and the pivot of this month as well.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

CBBLPO

Rs. 5.17 Crores

490

SHIVM

Rs. 2.61 Crores

630

NLIC

Rs. 2.45 Crores

895

NBL

Rs. 2.28 Crores

342

PRVU

Rs. 1.79 Crores

273

 

Top 5 Gainers:

Scrips

LTP

Percentage Change

NHDL

130

9.24

MSLB

999

4.94

GILB

729

4.89

DHPL

74

4.23

NSEWA

400

3.63

 

Top 5 Losers:

Scrips

LTP

Percentage Change

MERO

520

-6.81

NEF

8.81

-5.57

ALICL

382

-3.29

JBBL

165

-2.94

PPCL

135

-2.87

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 17.004 Crores

555,426

1,862

Finance

NRs. 0.47 Crores

35,806

99

Hotels

NRs. 0.45 Crores

9,319

33

Manufacturing And Processing

NRs. 2.61 Crores

41,263

251

Others

NRs. 0.36 Crores

11,627

59

Hydro Power

NRs. 2.42 Crores

104,000

588

Non Life Insurance

NRs. 2.86 Crores

62,812

163

Development Banks

NRs. 2.14 Crores

109,446

314

Mutual Fund

NRs. 0.075 Crores

74,396

24

Promoter Share

NRs. 6.69 Crores

158,694

39

 

                                           Pic. Showing Sensitive Candle Stick Chart

Conclusion:

  • 1. The market has become negative today after the increase at the mid day to its highest of 1283.63. It has closed at 1272.50 decreasing by 0.19%.
  • 2. The Sensitive index has also decreased today as of NEPSE. It is 273.84 today.
  • 3. The candlestick chart of today has shown a black candle. The pattern is similar to an "Gravestone Doji Bearish". The gravestone doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action. The market narrative is that the bears attempt to push to new highs over the session, but the bulls push the price action to near the open by the session close. So the long upper shadow represents the bulls losing momentum.
  • 4. The Sensitive candlestick chart has also shown similar type of candlestick pattern as of NEPSE.
  • 5. Since the CMP of today is above the pivot and the volume has decreased, it can be anticipated that the market might either go in reversal trend or saturate around this level.

 

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