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Market Watch of May 27 (Monday)

  13 min 14 sec to read
Market Watch of May 27 (Monday)
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Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1302.96

OHLC Update of 13th Jestha:

O: 1302.61
H: 1309.90
L: 1298.36
C: 1302.96

Pivot for 14th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,286.04

1,292.2

1,297.58

1,303.74

1,309.12

1,315.28

1,320.66

 

 

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
12th Jestha: Nrs. 62.62 Crores
13th Jestha: Nrs. 51.95 Crores

Commentary:

1. Today market is positive, market remained positive at the closing. Along with the market other sub indices are also positive. NEPSE Market has gained 0.03% likewise Sensitive also gained 0.02%.

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

3. Out of 11 Sub-indices 3 of them are negative. The noticeable change on the Sub- Indices is positive change of Mutual Funds by 4.62% and Manufacturing & Processing by 1.45%. 

4. The CMP of 13th Jestha is below the pivot of 14th Jestha and the weekly pivot but higher than that of the monthly pivot.

5. Comparing NEPSE Market and Sensitive we can see same kind of fluctuation on both of the market. Though Sensitive had more fluctuation than NEPSE Market.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

SHIVM

NRs. 7.31  Crores

588

PRVU

NRs. 6.41 Crores

276

NBL

NRs. 2.61 Crores

336

UPPER

NRs. 1.96 Crores

276

ADBL

NRs.  1.86 Crores

422

 

Top 5 Gainers:

Scrips

LTP

Point Change

SPARS

458

41

KRBL

117

9

GUFL

119

8

SAEF

9.54

1

NMBHF1

9.54

1

 

Top 5 Losers:

Scrips

LTP

Point Change

SPDL

92

-8

CHL

101

-8

AKJCL

77

-4

RLFL

121

-5

MSLB

1,205

-35

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 23.76 Crores

831,310

2,275

Finance

NRs. 0.55 Crores

46,094

145

Hotels

NRs. 0.52 Crores

13,026

63

Manufacturing And Processing

NRs. 7.79 Crores

128,107

745

Others

NRs. 1.93 Crores

38,454

171

Hydro Power

NRs. 4.13 Crores

173,642

1,457

Non Life Insurance

NRs. 3.35 Crores

45,241

327

Development Banks

NRs. 2.54 Crores

144,059

464

Mutual Fund

NRs. 0.17 Crores

189,968

52

Promoter Share

NRs. 1.67 Crores

18,995

66

 

 

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 13th Jestha is below the Pivot of 14th Jestha and the volume is lower than that of last traded volume. Analyzing this we can say that the market is seeking for saturation.

2. Observing the candle stick patterns of today it is “Spinning Top”. Observing the candle stick patterns of past days we see the formation of “Long Legged Doji”.  The long shadows indicate that the market rallied and sold off significantly during the session but that neither position was held as the market closed where it had opened. This is an indication of great uncertainty and lack of direction.

3. Choppy 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 a fluctuation in the market which is uncertain. Risk takers can invest in a suitable stock.

5. The Doji indicates that there is indecision and uncertainty in the market with neither buyers nor sellers able, or willing, to move the price to significant levels, which would indicate a weakness in the current trend and a possible reversal.

 

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