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Market Watch of February 17

  2 min 2 sec to read
Market Watch of February 17
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                                      NEPSE daily candle for today has remained inverted red.

 

CMP: 1,109.72

The pivot table for tomorrow (6th falgun)

S3

S2

S1

P

R1

R2

R3

1089.52

 

1,098.61

 

1104.16

 

1113.25

1118.80

 

1,127.89

1133.44

 

 

 

 

 

 

Turnover table:

Today’s (5th falgun) volume         :Rs 21.07 corers

Yesterdays (2nd falgun) volume  :Rs 216.65/24.89  corers

 

Daily outlook:

Today the market opened at 112.87, made high of 1122.33, low of 1107.69 and closed at 1109.72 turnovers throughout the day is 21.07 corers and  Last turnover was of 216.65/24.89 corers. Market remained positive during the starting of the day and went on decreasing gradually market started negative index from around 1pm.

Conclusion:

1.       Market is not ready to sell in lower price.

2.       New buyers are still hesitant to enter the market.

3.       Scrips with low P/E ratio are worth to be invested.

 

Happy Trading……..!!!!!

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