Market Watch of May 26 (Sunday)

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Market Watch of May 26 (Sunday)

Current Price (CMP): 1302.61

OHLC Update of 12th Jestha:

O: 1314.55
H: 1317.86
L: 1301.32
C: 1302.61

Pivot for 13th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,280.13

1,290.72

1,296.67

1,307.26

1,313.21

1,323.8

1,329.75

 

 

Pivot for the 3rd Week of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,285.15

1,294.87

1,304.71

1,314.43

1,324.27

1,333.99

1,343.83

 

Pivot for Month of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,082.82

1,132.34

1,223.9

1,273.42

1,364.98

1,414.5

1,506.06

 

Turnover Update:

On Month of Baisakh: 1,803.05 Crores
Volume of this week (29th Baisakh – 2nd Jestha): NRs. 494.93 Crores
Volume of 2nd Week of Jestha: NRs. 502.44 Crores
9th Jestha: Nrs. 93.26 Crores
12th Jestha: Nrs. 62.62 Crores

Commentary:

1. Today market is negative, market remained positive for half an hour in the first hour of the day and then it remained negative till the closing. Along with the market other sub indices are also negative. NEPSE Market has lost 0.91% likewise Sensitive also lost 1.01%.

2. The volume today has dropped in comparison to that of last traded volume.  

3. All the Sub-indices are negative. The noticeable change on the Sub- Indices is negative change of Hotels by 1.49% and Others by 1.53%.  

4. The CMP of 12th Jestha is below the pivot of 13th Jestha and the weekly pivot but higher than that of the monthly pivot.

5. Comparing NEPSE Market and Sensitive we can see same kind of fluctuation on both of the market. Though Sensitive Market lost more points than NEPSE Market.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NBL

NRs. 4.85  Crores

336

SHIVM

NRs. 4.75 Crores

560

UPPER

NRs. 3.74 Crores

275

HDL

NRs. 2.54 Crores

1,666

ADBL

NRs.  2.15 Crores

425

 

Top 5 Gainers:

Scrips

LTP

Point Change

GILB

1,376

125

NMBMF

1,164

92

UIC

998

33

HURJA

134

4

MHNL

102

3

 

Top 5 Losers:

Scrips

LTP

Point Change

JOSHI

111

-12

HDL

1,666

-143

RADHI

164

-12

AKPL

192

-13

MPFL

224

-15

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 26.71 Crores

896,994

2,724

Finance

NRs. 1.17 Crores

80,571

321

Hotels

NRs. 0.88 Crores

18,536

87

Manufacturing And Processing

NRs. 7.29 Crores

98,774

789

Others

NRs. 1.98 Crores

70,098

210

Hydro Power

NRs. 7.73 Crores

363,432

2,858

Non Life Insurance

NRs. 4.48 Crores

51,156

502

Development Banks

NRs. 4.83 Crores

262,073

642

Mutual Fund

NRs. 0.09 Crores

101,630

53

Promoter Share

NRs. 1.45 Crores

34,496

65

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 12th Jestha is below the Pivot of 13th Jestha and the volume is lower than that of last traded volume. Analyzing this we can say that the market seems in bearish trend.

2. Observing the candle stick patterns of past days we see the formation of “Three Outside Down” but still this is not definite as there is no formation of engulfing pattern. The mentioned trend shows that the market might be in reversal trend now.

3. Choppy trend can be observed these days as we can see the candle sticks are hovering in the same range of 1300 to 1320 which is not exactly giving the sign; either the trend is upward or downward.

4. This may be the time for buyers and sellers to have patience because no actual trend is observed. There is a fluctuation in the market which is uncertain. Risk takers can invest in a suitable stock.

5. As per previous trends we have been observing that the opening day and closing day of the week are always in pressure and there is no certainty about the market. So market traders need not panic.

 

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