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Market Watch of May 30 (Thursday)

  13 min 8 sec to read
Market Watch of May 30 (Thursday)
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Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1319.47

OHLC Update of 16th Jestha:

O: 1313.88
H: 1349.38
L: 1313.88
C: 1319.47

Pivot for 19th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,270.27

1,292.08

1,305.77

1,327.58

1,341.27

1,363.08

1,376.77

 

OHLC Update of 3rd  week of Jestha:

O: 1314.55
H: 1349.38
L: 1309.90
C: 1319.47

Pivot for the 4th Week of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,263.64

1,286.77

1,303.12

1,326.25

1,342.6

1,365.73

1,382.08

 

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
Volume of 3rd Week of Jestha: NRs. 433.14 Crores
15th Jestha: Nrs. 90.08 Crores
16th Jestha: Nrs. 152.81 Crores

Commentary:

1. Today market has remained positive throughout the day. Along with the market other sub indices are also positive. NEPSE Market has gained 0.43% likewise Sensitive also gained 0.44%.

2. NEPSE Market made its high during the first hour and the opening point was the lowest point for the day.

3. The volume today has increased in comparison to that of yesterday volume. 

4. Out of 11 Sub-indices only 4 of them are positive. Today at the ending of this week there is no any noticeable gains or loss of the sub- indices.

5. The CMP of 16th Jestha is above the pivot of 16th Jestha and the monthly pivot but below the weekly pivot.

6. Both of the Sensitive and NEPSE Market had same kind of movement throughout the day.

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

SHIVM

NRs. 17.19 Crores

661

NBL

NRs. 16.61 Crores

339

PRVU

NRs. 10.99 Crores

284

UPPER

NRs. 9.22 Crores

293

NCCB

NRs. 6.25 Crores

284

 

Top 5 Gainers:

Scrips

LTP

Point Change

HURJA

160

18

RRHP

104

8

NICGF

9.79

1

GRDBL

124

7

WMBF

92

5

 

Top 5 Losers:

Scrips

LTP

Point Change

PPCL

163

-18

NMFBS

1,540

-82

KNBL

162

-8

BFC

103

-5

MSMBS

485

-23

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 82.01 Crores

2,759,183

6,598

Finance

NRs. 1.42 Crores

110,638

270

Hotels

NRs. 1.93  Crores

43,688

148

Manufacturing And Processing

NRs. 17.74 Crores

258,084

1,362

Others

NRs. 5.30 Crores

98,167

272

Hydro Power

NRs. 15.96 Crores

595,017

3,435

Non Life Insurance

NRs. 6.76 Crores

93,861

762

Development Banks

NRs. 7.45 Crores

393,196

1,053

Mutual Fund

NRs. 0.34 Crores

346,196

95

Promoter Share

NRs. 2.02 Crores

36,411

86

c. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 16th Jestha is below the Pivot of 19th Jestha and the volume is higher than that of the last traded volume. Analyzing this we can say that the market might enter into Bullish trend. Today at some point market showed the potential to break the prevailing choppy trend but was unsuccessful later on.

2.Observing the candle stick patterns of today, it is “Inverted Hammer”.  Observing the candle stick patterns of past days we see the formation of “Shooting Star/ Gravestone Doji”.

3. An Inverted Hammer pattern forms when the buyers push the stock price higher against the sellers. The pattern reflects buying interest for technical, psychological, or fundamental reasons. When the pattern forms in a downtrend, it suggests a possible market bottom or change in trend. So, it’s one of the reversal patterns.

4. Market still now is in the Choppy trend ranging 1300 to 1320 in order to make new high market needs to cross 1320 or for new low it must go below 1320.

 

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