When Will NEPSE Rise?

Investor Perspective: Some say it will rise by tomorrow, some investor say it will rise by Next Week and some even say it will rise before Dashain festival, But when will NEPSE rise? Nobody knows. Share Sansar conducted a comprehensive research on what investor says about current market trend and asked one common question to all “When Will NEPSE Rise”. Most of the investor said “we are not sure when we see the upward movement, some even predicated that it will rise by next week. One of the investor says market will go back to the 2500 level and then it goes sharply towards 2700 mark. Let’s see what the technical perspective holds:

We see currently in daily time frame NEPSE is in downtrend, before it continues downtrend it reaches around 2760 points and thereafter it headed towards to touch 2570 mark which represent as a short term support in the technical chart. Many investors say it will re bounds after touching 2570 marks, some say it won’t go below 2500. If it rebounds from the current level we see this is heading towards short term resistance which marks around 2760 in short run. Regulatory body actively says they are working to reform the market and introduce new product that leads to the fundamental gain in long run. But at this time no IPO is coming, pipeline reaches 108 companies, and SEBON chair man Bhatta says we are working for the market development and soon new product will launched in the market. Let’s See what Fundamental Holds:

Note: Data Source SS PRO Since 1997, data shows the highest gain in NEPSE occurs in July, but this year July has gone without any big movement in NEPSE. In august NEPSE volume is very low, day to day market rises and falls only by 2/3 points not more than that and turnover haven’t crosses 5/6 Arba in last two week. Investor are confuse whether they should buy or sell shares they hold at this time. One of the investor frankly says “market needs Bishnu Paudel to rise again”. Regulatory body already published it’s market reforms framework and it is in the process to launch new product, Margin lending directive is already issued, After Market Order is Lived, Auto EDIS feature is in the process. So regulatory body are doing the work to develop market, now what needs in the market is confidence of share holder to put money in the market that leads to the overall gain of the NEPSE.