Market watch 19th September(Thursday)

Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1155.30

OHLC Update of 2 ^nd Ashoj:

O: 1173.44
H: 1178.28
L: 1155.30
C: 1155.30

Pivot for 5 ^th Ashoj:

S3	S2	S1	Pivot	R1	R2	R3
1124.66	1139.98	1147.64	1162.96	1170.62	1185.94	1193.60

OHLC Update of Last Week(29 Bhadra - 2 Ashoj):

O: 1157.68
H: 1178.28

L: 1122.02

C: 1155.30

Pivot for the 2 ^nd Week of Ashoj:

S3	S2	S1	Pivot	R1	R2	R3
1069.19	1095.61	1125.45	1151.87	1181.71	1208.13	1237.97

Pivot for the month of Ashoj:

S3	S2	S1	Pivot	R1	R2	R3
997.8	1059.9	1105.3	1167.4	1212.8	1274.9	1320.3

Turnover Update:
On Month of Shrawan : 888.27 Crores

On Month of Bhadra : 768.98 Crores

1 ^st Ashoj : NRs. 34.39 Crores

2 ^nd Ashoj : NRs. 38.39 Crores

Commentary:

1. Today NEPSE market has remained negative throughout the day. Along with the market other sub indices are also negative. Today, NEPSE Market has lost 1.54% and Sensitive index has lost 1.36%. The Float index has also decreased by 1.41% and the Sensitive Float has decreased by 1.17% today.
2. The turnover of today is less than that of previous day.
3. Out of the 12 Sub-indices traded today, all of them are negative except Trading and Mutual Fund. The noticeable changes are negative on Others by 2.78%, Non-Life Insurance by 2.34%. Similarly Tradings and Mutual Fund are negative by 0.83% and 0.25% respectively.
4. The CMP of 2 ^nd Ashoj is below the pivot of 5 ^th Ashoj and the monthly pivot. Similarly, it is above the weekly pivot.

Top 5 Scrips by turnovers:

Top 5 Gainers:

Top 5 Losers:

Sector Wise Summary:

Sector	Turnover Values	Turnover volume	Total Transaction
Commercial Banks	NRs. 16.93 Crores	594,345	2,188
Finance	NRs. 0.34 Crores	26,777	92
Hotels	NRs. 0.44 Crores	12,305	56
Manufacturing And Processing	NRs. 5.40 Crores	90,252	547
Others	NRs. 2.12 Crores	20,322	165
Hydro Power	NRs. 2.95 Crores	157,965	2,078
Tradings	NRs. 0.0056 Crores	40	2
Non Life Insurance	NRs. 1.65 Crores	48,289	367
Development Banks	NRs. 1.90 Crores	113,981	317
Mutual Fund	NRs. 0.0042 Crores	4,974	10

Pic. Showing Sensitive Candle Stick Chart

Conclusion:

1. The CMP of 2 ^nd Ashoj is below the pivot of 5 ^th Ashoj and the volume is less than that of the last traded day.
2. Observing the candle stick patterns of today, it Black Closing Marubozu. It indicates that sellers controlled the price action from the first trade to the last trade. The day opens and prices go slightly higher, forming an upper shadow. Then prices reverse direction moving below the opening level, and the decline continues all day ending with a closing price equal to the low of the day.
3. The bears are very strong during the day except during the initial phase of the session. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading.