Market watch 8th August(Thursday)

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Market watch 8th August(Thursday)

                                    Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1238.56

OHLC Update of 23rd Shrawan:

O: 1248.92
H: 1248.92
L: 1237.44
C: 1238.56

Pivot for 26th Shrawan:

S3

S2

S1

Pivot

R1

R2

R3

1222.88

1230.16

1234.36

1241.64

1245.84

1253.12

1257.32

 

OHLC Update of 3rd Week of Shrawan:

O: 1264.29

H: 1266.37

L: 1237.44

C: 1238.56

Pivot for the 4th Week of Shrawan:

S3

S2

S1

Pivot

R1

R2

R3

1199.61

1218.53

1228.54

1247.46

1257.47

1276.39

1286.40

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:
On Month of Ashad: 1080.72 Crores

Volume of 1st Week of Shrawan: NRs. 197.77 Crores

Volume of 2nd Week of Shrawan: NRs.  208.62 Crores

Volume of 3rd Week of Shrawan: NRs. 219.13 Crores

21st Shrawan: NRs. 45.07 Crores
22nd Shrawan: NRs. 36.86 Crores

23rd Shrawan: NRs. 45.46 Crores

Commentary:

  • 1.Today market has remained negative throughout the day. Along with the market other sub indices are also negative. NEPSE Market has lost 0.79% likewise Sensitive index has lost 0.72%. The Float index has also decreased by 0.83%. and the Sensitive Float has decreased by 0.8% today.
  • 2.The turnover of today is more than that of previous day.
  • 3.Out of the 12 Sub-indices traded today, all of them are negative. The noticeable changes are negative on Hydropower by 2.74%.
  • 4.The CMP of 23rd Shrawan is below the pivot of 26th Shrawan, the weekly pivot and the monthly pivot.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

RHPL

NRs. 9.76 Crores

214

SJCL

NRs. 5.13 Crores

224

NBL

NRs. 2.33 Crores

328

NCCB

NRs. 1.92 Crores

242

CBLPO

NRs. 1.77 Crores

100

 

Top 5 Gainers:

Scrips

LTP

Percentage Change(in%

SMB

500

5.71

VLBS

612

4.08

SAEF

9.84

2.29

EDBL

290

1.75

HURJA

133

1.53

 

Top 5 Losers:

Scrips

LTP

Percentage Change(in%)

RHPL

214

-9.70

SJCL

224

-4.68

SLBBL

550

-4.18

MDB

235

-4.08

SMFDB

547

-3.86

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 14.16 Crores

453,837

1,738

Finance

NRs. 0.13 Crores

9,090

71

Hotels

NRs. 0.30 Crores

10,344

31

Manufacturing And Processing

NRs. 0.85 Crores

14,180

101

Others

NRs. 0.52 Crores

6,458

80

Hydro Power

NRs. 17.70 Crores

799,192

25,559

Tradings

NRs. 0.06 Crores

450

8

Non Life Insurance

NRs. 1.75 Crores

38,055

284

Development Banks

NRs. 2.41 Crores

103,621

291

Mutual Fund

NRs. 0.14 Crores

137,133

61

                                   Pic. Showing Sensitive Candle Stick Chart

Conclusion:

  • 1.The CMP of 23rd Shrawan is below the pivot of 26th Shrawan and the volume is more than that of the last traded day.
  • 2.Observing the candle stick patterns of today, it is “Opening Black Marubozu”.  The shorter the shadow is, the more negative the candle's significance. This is a bearish candle that shows either continuation or reversal.
  • 3.This pattern formed today signifies that the sellers are in absolute control of the market. There is so much selling pressure in the stock (or instrument) that the market participants are willing to sell the stock at every price point during that session. Therefore the price of the stock closed near its low point for that session.

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