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Market Watch of March 3

  2 min 7 sec to read
Market Watch of March 3
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                                             Pic. showing NEPSE daily candle stick chart

 

Current Market Price (CMP): 1100.58

 

The pivot table for Monday (20th Falgun):

S3

S2

S1

P

R1

R2

R3

1,088.87

1,094.51

1,097.55

1,103.19

1,106.23

1,111.87

1,114.91

 

CMP of 19th Falgun is 1100.58 which is less than daily pivot of 1,103.19, weekly pivot of 1107.31.

 

OHLC update of Sunday 19th Falgun:

O: 1105.53

H: 1108.84

L: 1100.16

C: 1100.58

Turnover table:

Today’s turnover (19th Falgun): 23.53 crores

Yesterday’s turnover (15th Falgun): 21.99 corers

 

Conclusion:

  • 1. NEPSE managed to stay positive in the first hour but closed being negative.
  • 2. Today volume has increased in comparison to the last NEPSE trade which was on 15th falgun.
  • 3. This week is also 4 days trade period due to Mahashivaratri which might result in lower volume this week.
  • 4. Stock market and participant’s psychological state is influenced by Mahashivaratri.
  • 5. As we can observe that NEPSE index is decreasing and the volume is increasing which is resulting into bearish market.

 

 

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