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Market Watch 3rd May(Friday)

  10 min 21 sec to read
Market Watch 3rd May(Friday)
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                                                Pic. Showing NEPSE Candle Stick Chart

Article for 22nd Baisakh:

Current Price (CMP): 1294.39

OHLC Update of 19th Baisakh:

O: 1298.60
H: 1300.43
L:  1282.95
C:  1294.39

Pivot for 22nd Baisakh:

S3

S2

S1

Pivot

R1

R2

R3

1,267.27

1,275.11

1,284.75

1,292.59

1,302.23

1,310.07

1,319.71

 

OHLC Update 3rd Week of Baisakh:

O: 1292.12
H: 1322.95
L:  1282.95
C:  1294.39

Pivot for the 4th Week of Baisakh:

S3

S2

S1

Pivot

R1

R2

R3

1,237.24

1,260.1

1,277.24

1,300.1

1,317.24

1,340.1

1,357.24

 

Pivot for this month:

S3

S2

S1

Pivot

R1

R2

R3

1077.31

1104.17

1144.09

1170.95

1210.87

1237.73

1277.65

 

Turnover Update:

2nd week of Baisakh (8th – 12th): NRs. 494.44 Crores

3rd week of Baisakh (15th – 19th): NRs. 439.77 Crores

19th Baisakh: Nrs. 58 Crores

Commentary:

•Today market has remained negative like yesterday. Likewise the other indexes are also negative. 
•The volume today is smaller than that of yesterdays traded volume. 
•All of 10 Sub-indices except Hotels, Non Life Insurance and Manu.& Pro. are positive today. 
•The noticeable changes on the Sub- Indices are of Non Life Insurance by 37.55 and Manu.& Pro. By 38.08. 
•The CMP of 19th Baisakh is above the pivot of 22nd Baisakh and the monthly pivot but below the weekly pivot.
•Today NEPSE Market lost 4.21 points and the turnover of 19th Baisakh is only 58 Crores . 
 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NBL

NRs. 4.35 Crores

314

NLIC

NRs. 2.48 Crores

1,002

SHIVM

NRs. 2.47 Crores

342

CBL

NRs. 2.01 Crores

155

CBBL

NRs.  1.89 Crores

970

 

Top 5 Gainers:

Scrips

LTP

Point Change

HDL

1,479

74

SHIVM

344

16

UPCL

102

4

BNT

6,850

250

PRVUPO

165

6

 

Top 5 Losers:

Scrips

LTP

Point Change

UMHL

113

-6

NEF

8.46

-0

EDBL

300

-15

SINDU

130

-6

RRHP

93

-4

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 38.5 Crores

1,289,448

3,344

Finance

NRs. 0.32 Crores

25,112

106

Hotels

NRs. 0.99 Crores

27,937

64

Manufacturing And Processing

NRs. 0.74 Crores

22,114

145

Others

NRs. 0.83 Crores

27,667

143

Hydro Power

NRs. 13.49 Crores

603,974

2,175

Non Life Insurance

NRs. 6.27 Crores

110,875

610

Development Banks

NRs. 3.19 Crores

152,750

508

Mutual Fund

NRs. 0.33 Crores

335,963

72

Tradings

NRs. 0.01  Crores

70

5

 

Analysis: 
1.The market found increasing number of sellers when the market resistant reached 1320 for booking profit.
2.Market can expect prominent buyers at 1260 to 1280 so this can lead to increase in transactions.
3.Breaking below 1240 will be a big event while breaking above 1330 can be silver shining for NEPSE.
4.The upcoming closing of Baisakh may weigh in the market and give us some idea about days ahead. Still, the Fourth closing of the fiscal year will be risk mitigating period for the corporate rather than going aggressive in the market
 

 

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