175.27 points volatility was witnessed this week, with the market reaching the highest 2673.85 and the lowest 2498.58. NEPSE index lost 82.55 points (3.13%) in this trading week. Last Week market closed at 2636.68 points and this week closed at 2554.13 points on Thursday.

Candlestick pattern:

All Five candles were made red this week.

Exponential Moving Average:

At present, NEPSE Index is below 5 days EMA but above 20 days EMA. Values below shorter moving average signals for earlier indication of possibilities of starting of bearishness, but still need to wait till Nepse to close below 20 days EMA.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at 58.72 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. A bearish divergence is seen in RSI as the index is making higher highs but RSI is making lower highs.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the positive zone.  The signal line has crossed the MACD line, this indicates a bearish signal. The histogram is also in the negative zone. Overall MACD is indicating downward momentum.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

The Fibonacci retracement levels are

23.6% – 2486.55

38.2% – 2368.76

50% – 2273.56

61.8% -2178.36

Turnover

Support and resistance level for the next trading week according to Pivot Point.

Pivot Point- 2586 point

1^st Resistance– 2652 point               1^st Support– 2477 point

2^nd Resistance– 2750 point               2^nd Support– 2400 point

3^rd Resistance– 2837 point               3^rd Support– 2312 point

Conclusion: All major indicators are supporting a down trend. We can aspect market to make new low next week.

Listing of the week:

Weekly Market Summary of NEPSE:

More than 9.62 crore unit shares worth Rs 38.60 Arba has been traded through 4.08 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,519,488.13 Million.

Sector-wise breakdown of the turnover of this week:

The commercial bank’s sector made 35.89% of the total turnover this week followed by Others sector with 13.26% of the total turnover.

NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)

The NEPSE index decreased by 3.13% this week. The top gainer sector of this week is the Mutual fund with a rise of 5.80%. However, Mutual fund does not affect the change in NEPSE index.

Stock with the highest monthly Beta value from the Microfinance & Hydropower

Support Laghubitta Bittiya Sanstha Limited (SMB) has the highest monthly Beta value of 2.37 followed by Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) and Infinity Laghubitta Bittiya Sanstha Limited (ILBS) with 2.15 and 2.09 beta value respectively.

Top Ten Gainers of the week:

Chandragiri Hills Limited (CGH) is the top gainer of this week. CGH closed at Rs. 377 with Rs. 132 (53.88%) increment.

All the analysis is done with the SS Pro Software. To know more about the software, click on the link below

Top Ten Losers of the week:

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) price has decreased by 12.68% and its LTP stands at Rs 1425.

*Bonus share adjustment done for NUBL and LICN this week

Top Stocks by Turnover, Volume, and Number of Transaction:

Nepal Infrastructure Bank Limited (NIFRA) is the top traded company of the week. A total of Rs. 3.07  Arba worth of NIFRA shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co.Ltd (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs 2.97 Arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities Co.Ltd (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 2.08 Arba.

Top Seller Brokers Top 10 Sold Companies: