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 29 (Wednesday)

  12 min 52 sec to read
Market Watch of May 29 (Wednesday)
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1313.88

OHLC Update of 15th Jestha:

O: 1305.49
H: 1315.16
L: 1305.49
C: 1313.88

Pivot for 16th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,298.19

1,301.84

1,307.86

1,311.51

1,317.53

1,321.18

1,327.2

 

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
14th Jestha: Nrs. 75.68 Crores
15th Jestha: Nrs. 90.08 Crores

Commentary:

1. Today market has remained positive throughout the day. Along with the market other sub indices are also positive. NEPSE Market has gained 0.64% likewise Sensitive also gained 0.76%.

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

3. Out of 12 Sub-indices 2 of them are negative. The noticeable change on the Sub- Indices is positive change of Manufacturing & Processing by 3.71%, Finance by 1.28% and negative change of Trading by 1.08%. 

4. The CMP of 15th Jestha is above the pivot of 16th 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. NEPSE Market raised itself where as Sensitive Market was in the same trend till the closing, but at the closing it has raised to some point.

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

SHIVM

NRs. 20.40 Crores

679

PRVU

NRs. 8.43 Crores

277

UPPER

NRs. 8.15 Crores

294

NBL

NRs. 3.74 Crores

336

ADBL

NRs. 2.28 Crores

424

 

Top 5 Gainers:

Scrips

LTP

Point Change

HDL

1,755

159

SPARS

553

50

HURJA

146

13

MSMBS

508

36

MHNL

105

7

 

Top 5 Losers:

Scrips

LTP

Point Change

JOSHI

94

-10

UMHL

119

-6

JBBL

158

-7

LICN

1,823

-80

WMBF

87

-3

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 30.89 Crores

1,015,096

2,539

Finance

NRs. 1.60Crores

123,998

274

Hotels

NRs. 1.78 Crores

34,935

116

Manufacturing And Processing

NRs. 21.45 Crores

303,859

1,830

Others

NRs. 3.02 Crores

58,191

262

Hydro Power

NRs. 11.44 Crores

441,784

2,416

Non Life Insurance

NRs. 4.92 Crores

60,365

504

Development Banks

NRs. 4.98 Crores

293,714

849

Mutual Fund

NRs. 0.14 Crores

144,664

56

Trading

NRs. 0.001 Crores

10

1

 

Analysis:

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

2. Observing the candle stick patterns of today, it is “Opening Marubozu”.  Observing the candle stick patterns of past days we see the formation of “Three White Soldiers” but it is not definite as the body of the candle is short in nature.

3. Generally this suggests future market fortitude, as a reversal is in progress that is building on moderate upward steps.

4. Market still now is in the Choppy trend ranging 1300 to 1320 in order to make new high market needs to cross 1320 or for new low it must go below 1320.

5. As the market is just going up in moderate state it’s better to wait to sell as you might get good value later on as the market always have been risky and uncertain where as, non risk bearers can sell.  

 

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.