Pic. showing NEPSE Candle Stick Chart of 10th Chaitra
Current Market Price (CMP): 1,134.80
OHLC update of 10th Chaitra:
O: 1140.60
H: 1142.14
L: 1131.02
C: 1134.80
Daily Pivot Table for 11th Chaitra
S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
1,118.71 | 1,124.87 | 1,129.83 | 1,135.99 | 1,140.95 | 1,147.11 | 1,152.07 |
Monthly Pivot Table:
S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
1,046.89 | 1,072.92 | 1,114.21 | 1,140.24 | 1,181.53 | 1,207.56 | 1,248.85 |
Weekly Pivot Table:
S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
1122.7 | 1132.57 | 1114.21 | 1140.53 | 1158.4 | 1164.49 | 1174.36 |
Turnover Update:
Turnover of 10th Chaitra: 23.24 Crores
Turnover of 7th Chaitra: 17.87 Crores
Commentary:
- 1. CMP of 10th Chaitra is below the daily pivot of 11th Chaitra 1,135.99 which is also below weekly pivot of 1140.53 and monthly pivot 1,140.24
- 2. Today only the hydropower sector has remained positive by 1 points of NEPSE index.
- 3. All the other sectors have today remained negative.
Top 5 Turnovers:
Scrips | Turnover | Closing Price |
ALBSL | 15,575,910 | 492 |
SBLPO | 10,510,995 | 165 |
CIT | 10,342,811 | 2,620 |
UPPER | 9,872,309 | 239 |
NLIC | 8,405,577 | 1,072 |
Pic. Sensitive Candle Stick Chart of 10th Chaitra
Analysis:
- 1. Today market again remained negative like as the last traded day but today we can see a little improvement in the turnover which has increased. This also states that the market is still following Bearish trend.
- 2. As per our analysis we can see that the CMP of today has remained under 11th Chaitra pivot, observing the down trend of the market we can see that the market may get around the monthly pivot.
- 3. Looking at the past three days candle sticks we can say that it’s “Identical Three Crows” pattern.
- 4. This shows that the new investors are favored by the market; they have a leverage to wait some more days before investing as market is taking the down trend.