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market watch of 4th June

  12 min 43 sec to read
market watch of 4th June
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Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1289.28

OHLC Update of 21stJestha:

O: 1292.84
H: 1297.91
L: 1286.37
C: 1289.28

Pivot for 22ndJestha:

S3

S2

S1

Pivot

R1

R2

R3

1,272.92

1,279.65

1,284.46

1,291.19

1,296

1,302.73

1,307.54

 

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
20th Jestha: Nrs. 69.87 Crores
21st Jestha: Nrs. 71.54 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 0.28% likewise Sensitive also lost 0.22%.

2. The volume today has increased in comparison to that of yesterday’s volume. 

3. Out of 12 Sub-indices 4 are positive. Today the noticeable changes are gains of  Manufacturing & Processing by 1.5% and Hotels by 1.56%.

4. The CMP of 21st Jestha is below the pivot of 22nd Jestha and the weekly pivot but above the monthly pivot.

5. Both the Sensitive and NEPSE Market has dropped today with similar kind of fluctuations.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

SHIVM

NRs. 12.13  Crores

675

PRVU

NRs. 9.33 Crores

274

NBL

NRs. 4.87  Crores

330

TRH

NRs. 2.38 Crores

322

KBBL

NRs. 2.16 Crores

241

 

Top 5 Gainers:

Scrips

LTP

Point Change

TRH

322

21

GLBSL

312

20

KNBL

196

10

GMFIL

133

6

KBBL

241

8

 

Top 5 Losers:

Scrips

LTP

Point Change

JOSHI

88

-6

MPFL

216

-14

MDB

236

-14

MERO

563

-32

MFIL

121

-6

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 31.04 Crores

1,044,108

2,748

Finance

NRs. 0.69 Crores

55,308

157

Hotels

NRs. 3.30 Crores

98,153

265

Manufacturing And Processing

NRs. 12.21 Crores

181,349

919

Others

NRs. 0.79 Crores

21,883

137

Hydro Power

NRs. 4.82 Crores

239,320

3,143

Non Life Insurance

NRs. 4.15 Crores

53,657

574

Development Banks

NRs. 5.89 Crores

292,988

717

Mutual Fund

NRs. 0.13 Crores

138,105

34

Trading

NRs. 0.001 Crores

10

1

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. The CMP of 21st Jestha is below the Pivot of 22nd Jestha and the volume is lower than that of the yesterday’s volume. We can see the increase in volume.

2. Observing the candle stick patterns of past days, it is more like “Three Black Crows”. 

3. This pattern suggests that the market has been at a high price for too long, and investors are beginning to compensate for it.

4. Today’s candle stick formation is more like confirmation 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.

 

 

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