Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Market Watch of May 28 (Tuesday)

  13 min 5 sec to read
Market Watch of May 28 (Tuesday)
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1305.49

OHLC Update of 14th Jestha:

O: 1302.96
H: 1307.08
L: 1300.45
C: 1305.49

Pivot for 15th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,294.97

1,297.71

1,301.6

1,304.34

1,308.23

1,310.97

1,314.86

 

 

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
13th Jestha: Nrs. 51.95 Crores
14th Jestha: Nrs. 75.68 Crores

Commentary:

1. Today market is positive, market remained positive at the closing. Along with the market other sub indices are also positive. NEPSE Market has gained 0.19% likewise Sensitive also gained 0.07%.

2. The volume today has increased in comparison to that of yesterday volume. 

3. Out of 11 Sub-indices 5 of them are negative. The noticeable change on the Sub- Indices is positive change of Mutual Funds by 1.76%, Development Banks by 1.12% and Manufacturing & Processing by 2.93%. 

4. The CMP of 14th Jestha is above the pivot of 15th Jestha and the monthly pivot but below the weekly pivot.

5. Comparing NEPSE Market and Sensitive we can see a lot of fluctuation on NEPSE Market.

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

SHIVM

NRs. 16.44  Crores

646

PRVU

NRs. 16.16 Crores

278

NBL

NRs. 5.98 Crores

335

UPPER

NRs. 3.08 Crores

280

JBBL

NRs. 2.62 Crores

335

 

Top 5 Gainers:

Scrips

LTP

Point Change

JBBL

165

15

RLFL

133

12

SHIVM

646

58

SPARS

503

45

KNBL

163

12

 

Top 5 Losers:

Scrips

LTP

Point Change

MHNL

98

-7

JOSHI

104

-7

HDL

1,596

-84

CLBSL

541

-25

DHPL

66

-3

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 33.85 Crores

1,199,153

2,172

Finance

NRs. 0.75 Crores

57,849

189

Hotels

NRs. 0.68 Crores

12,338

32

Manufacturing And Processing

NRs. 16.90 Crores

267,698

1,418

Others

NRs. 2.11 Crores

36,479

183

Hydro Power

NRs. 5.83 Crores

260,733

1,648

Non Life Insurance

NRs. 2.79 Crores

40,965

335

Development Banks

NRs. 5.90 Crores

345,675

862

Mutual Fund

NRs. 0.10 Crores

109,843

39

Promoter Share

NRs. 0.52 Crores

2,250

36

 

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 14th Jestha is above the Pivot of 15th Jestha and the volume is higher than that of last traded volume. Analyzing this we can say that the market might enter into Bullish trend.

2. Observing the candle stick patterns of past days we see the formation of “Morning Star Doji”. Confirmation of the trend reversal is given by today’s pattern.

3. We can analyze that the sellers were not able to drive the price close much lower than the close of the previous period.

4. 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.

5. 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.

6. The Doji indicates that there is indecision and uncertainty in the market with neither buyers nor sellers able, or willing, to move the price to significant levels, which would indicate a weakness in the current trend and a possible reversal.

 

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.