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Market Watch of 3rd June

  13 min 13 sec to read
Market Watch of  3rd June
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Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1292.84

OHLC Update of 20th Jestha:

O: 1305.68
H: 1308.63
L: 1291.02
C: 1292.84

Pivot for 21st Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,268.75

1,279.89

1,286.36

1,297.5

1,303.97

1,315.11

1,321.58

 

 

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
19th Jestha: Nrs. 75.32 Crores
20th Jestha: Nrs. 69.87 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 0.98% likewise Sensitive also lost 0.95%.

2. The volume today has decreased in comparison to that of yesterdays volume. 

3. Out of 12 Sub-indices all of them are negative. Today at the noticeable changes are losses of Hydropower by 1.52% , Manufacturing & Processing by 1.96% , Hotels by 1.12%, Non-Life Insurance by 1.17% and Mutual Fund by 1.45%

4. The CMP of 20th Jestha is below the pivot of 21st Jestha and the weekly pivot but above the monthly pivot.

5. Both of the Sensitive and NEPSE Market had dropped today with similar kind of fluctuations. Sensitive had picked up some points at the last hour of this trade day but the NEPSE Market went on decreasing.  

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

NICA

NRs. 9.06 Crores

468

SHIVM

NRs. 6.07 Crores

655

PRVU

NRs. 5.05 Crores

276

NBL

NRs. 3.57 Crores

331

PIC

NRs. 3.30 Crores

1,140

 

Top 5 Gainers:

Scrips

LTP

Point Change

TRH

301

21

GLBSL

292

13

KNBL

186

8

RLFL

140

5

MPFL

230

8

 

Top 5 Losers:

Scrips

LTP

Point Change

PPCL

133

-14

CORBL

119

-7

WMBF

86

-5

MHNL

104

-6

SPARS

520

-29

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 34.31 Crores

1,075,254

3,070

Finance

NRs. 0.50 Crores

39,237

161

Hotels

NRs. 3.55  Crores

114,401

332

Manufacturing And Processing

NRs. 6.25 Crores

93,219

561

Others

NRs. 1.17 Crores

32,396

129

Hydro Power

NRs. 5.12 Crores

225,677

1,555

Non Life Insurance

NRs. 5.30 Crores

65,447

701

Development Banks

NRs. 5.22 Crores

283,890

719

Mutual Fund

NRs. 0.11 Crores

121,468

31

Trading

NRs. 0.001 Crores

10

1

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 20th Jestha is below the Pivot of 21st Jestha and the volume is lower than that of the yesterday’s volume.

2. Today market had a long day with little upper and lower shadow which shows that the low point and the close point are not that far likewise the high point and the open point.

3. Observing the candle stick patterns of past days, it is more like “Three Inside Down”.  It’s not exactly three inside down because there is no formation of Bearish Harami pattern in between.

4. Today’s candle stick formation is more like conformation for the bearish trend reversal but as our market is uncertain we can only predict to some extent.

5. As the market dropped to the range of 1200 now we can say that the market is seeking saturation. We can also say that the trend might be bearish now

6. 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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