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Market Watch of 6th June (Thursday)

  12 min 58 sec to read
Market Watch of 6th June (Thursday)
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Pic. Showing NEPSE Candle Stick Chart

Current Price (CMP): 1284.59

OHLC Update of 23rd Jestha:

O: 1289.28
H: 1296.80
L: 1284.59
C: 1284.59

Pivot for 26th Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,268.31

1,276.45

1,280.52

1,288.66

1,292.73

1,300.87

1,304.94

 

 

OHLC Update of 4th Week of Jestha:

O: 1319.47
H: 1319.98
L: 1284.59
C: 1284.59

Pivot for the 5th Week of Jestha:

S3

S2

S1

Pivot

R1

R2

R3

1,237.4

1,261

1,296.39

1,296.39

1,308.18

1,331.78

1,343.57

 

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
Volume of 4th Week of Jestha: NRs. 275.61 Crores
21st Jestha: Nrs. 71.54 Crores
23rd Jestha: Nrs. 58.88 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 0.36% likewise Sensitive also lost 0.35%.

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

3. Out of 12 Sub-indices 5 of them are positive. Today the noticeable changes are loss of Trading by 2.06% and Life Insurance by 1.33%.

4. The CMP of 23rd Jestha is below the pivot of 26th 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. The drop in both of the market began on the end of first hour of the market.

 

Top 5 Scrips by turnovers:

Scrips

Turnover

Closing Price

SHIVM

NRs. 12.13  Crores

678

KBBL

NRs. 9.33 Crores

238

NBL

NRs. 4.87  Crores

326

PRVU

NRs. 2.38 Crores

272

TRH

NRs. 2.16 Crores

327

 

Top 5 Gainers:

Scrips

LTP

Point Change

CORBL

125

11

GFCL

137

12

WMBF

92

8

KRBL

128

11

CEFL

108

8

 

Top 5 Losers:

Scrips

LTP

Point Change

PPCL

130

-7

CLBSL

526

-26

MSLB

943

-45

KKHC

64

-3

BBC

1,506

-61

 

Sector Wise Summary:

Sector

Turnover Values

Turnover volume

Total Transaction

Commercial Banks

NRs. 23.49 Crores

747,218

2,454

Finance

NRs. 1.71 Crores

138,853

355

Hotels

NRs. 4.94 Crores

135,266

383

Manufacturing And Processing

NRs. 7.98 Crores

115,069

575

Others

NRs. 1.33 Crores

26,067

117

Hydro Power

NRs. 2.98 Crores

132,723

1,746

Non Life Insurance

NRs. 2.99 Crores

37,947

433

Development Banks

NRs. 7.39 Crores

369,337

875

Mutual Fund

NRs. 0.06 Crores

69,306

24

Trading

NRs. 0.78 Crores

5,014

11

 

Pic. Showing Sensitive Candle Stick Chart

Analysis:

1. This week market started the declining phase, The CMP of 23rd Jestha is below the Pivot of 26th Jestha and the volume is lower than that of the last traded volume.

2. We can see decrease in the volume of the Market due to Eid festival. Due to which the weekly volume of this week is lower than that of last week by 100 Crores.

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

4. This pattern is similar to the Three Black Crows pattern but typifies a more severe loss of buying power. Normally it should be a signal of reversal of the current Trend.

5. The market dropping to the range of 1200 says that the market is in the Bearish Trend.

 

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