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Market Watch of May 22 (Wednesday)

  9 min 33 sec to read
Market Watch of May 22 (Wednesday)
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Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1319.63

OHLC Update of 6th Jestha:

O: 1312.14
H: 1322.47
L: 1312.14
C: 1319.63

Pivot for 9th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,303.36

1,307.75

1,313.69

1,318.08

1,324.02

1,328.41

1,334.35

 

 

Pivot for the 2nd Week of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,240.68

1,262.42

1,290.57

1,312.31

1,340.46

1,362.2

1,390.35

 

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

Weekly volume of this week (29th Baisakh – 2nd Jestha): NRs. 494.93 Crores

7th Jestha: Nrs. 81.44 Crores

8th Jestha: Nrs. 96.66 Crores

 

Commentary:

1. Today market is positive like yesterday. Along with the market other sub indices are also negative. NEPSE Market has gained 0.57% likewise Sensitive also gained 0.48%.

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

3. Out of 12 Sub-indices only 2 of them are negative. The noticeable change on the Sub- Indices is positive change of Hydropower by 5.38% and negative change of Manufacturing and Processing by 3.16%.

4. The CMP of 8th Jestha is above the pivot of 9th Jestha and the weekly pivot as well as the monthly pivot.

5. Comparing NEPSE Market and Sensitive we can see that the NEPSE Market has more fluctuation than the Sensitive. Today NEPSE market made high during the second hour and made the low at first hour which is also the open of today.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NBL

NRs. 6.78 Crores

341

PCBL

NRs. 6.05 Crores

366

SHIVM

NRs. 6.02 Crores

552

SHPC

NRs. 5.58 Crores

299

UPPER

NRs.  5.05 Crores

305

 

Top 5 Gainers:

Scrips

LTP

Point Change

AHPC

121

11

UPPER

305

27

AKPL

217

19

HPPL

206

18

RRHP

103

9

 

Top 5 Losers:

Scrips

LTP

Point Change

GHL

105

-11

HDL

1,780

-128

SHIVM

550

-35

CFCL

117

-6

RLFL

141

-6

Pic. Showing Sensitive Candle Stick Chart

Analysis:

 

1. The CMP of 8th Jestha is above the Pivot of 9th Jestha and the volume is higher than that of last traded volume. Analyzing this we can say that the market now tends to be bullish.

2.  Observing today’s candle stick pattern it is “Opening Marubozu”. Observing the candle stick patterns of past days we see the formation of “Three Inside Up” though there is no formation of Harami candle stick pattern formed on the second day. 

3. Saw line 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.

4. This may be the time for buyers and sellers to have patience because no actual trend is observed. There is rise and fall going on in the market which is not certain. Risk takers can invest in a suitable stock.

 

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