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Market Watch of February 13

  2 min 16 sec to read
Market Watch of February 13
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CMP: -1,121.08

 

The pivot table for tomorrow (2nd falgun)

S3

S2

S1

P

R1

R2

R3

1106.227

 

1,113.65

 

1117.367

 

1124.793

 

1128.507

 

1,135.93

 

1139.647

 

 

 

 

 

 

Turnover table:

Today’s (1st falgun) volume: Rs 23.88 crores  

Yesterdays (29th  Magh) volume   : Rs 19.42 crores

 

 

Daily outlook:

Today the market is in really confused state as we analyzed that market was supposed to rise up but market today didn’t go up instead NEPSE index remained low at 1,121.08 and made the high of 1,132.22 and closed making a CMP of 1,121.08 which is lower than today's pivot which is 1124.79 and even lower than weekly pivot of 1139.34.

Conclusion:

  1. Today may be regarded as a panic sale period from other meads but this is the best time to buy shares.
  2. Market may drop to 1114.79 or around but it’s the best time to invest.

 

Happy Trading……..!!!!!

 

 

             Nepse Daily Candle showing support and resistance with trend channel: :

  1. 1. Today market has remained negative most of the time.  
  2. 2. Support for today at 1114.79 level.
  3. 3. If market rises the resistant for today as 1129.06 level.

 

 

 

 

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