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Market Watch of June 1 (Sunday)

  13 min 23 sec to read
Market Watch of June 1 (Sunday)
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Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1305.68

OHLC Update of 19th Jestha:

O: 1319.47
H: 1319.96
L: 1304.53
C: 1305.68

Pivot for 20th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1284.72

1294.63

1300.15

1310.06

1315.58

1325.49

1331.01

 


 

 

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
16th Jestha: Nrs. 152.81 Crores
19th Jestha: Nrs. 75.32 Crores

Commentary:

1. Today market has remained negative throughout the day. Along with the market other sub indices are also negative. NEPSE Market has lost 1.05% likewise Sensitive also lost 1.08%.

2. Today high and open was on the same point for NEPSE Market.

3. The volume today has decreased in comparison to that of last traded volume. 

4. Out of 11 Sub-indices only 2 of them are positive. Today at the noticeable changes are loss of Banking by 1.17%, Hydropower by 1.75% and Others by 1.63%.

5. The CMP of 19th Jestha is below the pivot of 20th Jestha and below the weekly pivot but above the monthly pivot.

6. Both of the Sensitive and NEPSE Market had dropped today with similar kind of fluctuations.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

PIC

NRs. 13.02  Crores

1,173

SHIVM

NRs. 9.37  Crores

671

NBL

NRs. 4.44  Crores

335

PRVU

NRs. 4.25  Crores

277

UPPER

NRs. 3.43 Crores

286

 

Top 5 Gainers:

Scrips

LTP

Point Change

KNBL

178

16

TRH

280

25

MHNL

110

6

UPCL

100

5

GFCL

129

4

 

Top 5 Losers:

Scrips

LTP

Point Change

PPCL

147

-16

GRDBL

113

-11

SDESI

606

-39

HURJA

152

-8

GMFIL

126

-6

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 24.87  Crores

820,756

2,636

Finance

NRs. 0.78  Crores

61,836

168

Hotels

NRs. 12.30 Crores

65,359

154

Manufacturing And Processing

NRs. 9.47  Crores

140,812

 

810

Others

NRs. 2.16  Crores

41,975

206

Hydro Power

NRs. 7.28  Crores

338,860

2,171

Non Life Insurance

NRs. 15.98 Crores

158,093

1,591

Development Banks

NRs. 6.33  Crores

323,856

799

Mutual Fund

NRs. 0.03 Crores

38,354

16

Promoter Share

NRs. 1.68  Crores

26,431

61

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 19th Jestha is below the Pivot of 20th Jestha and the volume is lower than that of the last traded volume. We can see the excess drop in volume and points of the Market which might be the result of the Budget Speech of this fiscal year.

2. Observing the candle stick patterns of today, it is “Opening Black Marubozu”.  The shorter the shadow is, the more negative the candle's significance.

3. 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. It’s been long time that the market is in choppy trend. When will the market break the trend?

4.This pattern formed today signifies that the sellers are in absolute control of the market. There is so much selling pressure in the stock (or instrument) that the market participants are willing to sell the stock at every price point during that session. Therefore the price of the stock closed near its low point for that session.

5. The real expectation is that with this sharp change in sentiment there will have a surge of bearishness and the bearishness will continue over the next few trading sessions. Hence a trader should look for selling opportunities after the occurrence. 

 

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