The Nepse index lost 8.05 points (or down 0.57%) to close at 1329.41 last week. Nepse lost 2.87% at the beginning of the week. However, it gained back 2.31% towards the end of the week. The index continues to hover below the 200 day and 50 day moving average. However, the index seems to be getting closer towards the 50 day MA. Crossing above the 50 day MA could signal a possible bullish trigger. The average volume turnover decreased to NPR 38.33 crores from NPR 54.82 crores the week prior.

1. TECHNICAL ANALYSIS
1. Market Summary (as of March 2, 2017)
NEPSE at close last week (March 2, 2017) 1329.41
NEPSE high last week (March 2, 2017) 1329.41
Weekly Change -8.05 points (or -0.57%)
Daily Volume (Avg.) NPR 38.33 crores
Total Traded Amount (weekly) NPR 153.31 crores
RSI 44.99
MACD Line -22.22
Signal Line -27.07
2. Nepse Figure
Nepse (May 1, 2015 – March 2, 2017)

2. 3. Trend Analysis
The Nepse index lost 8.05 points (or down 0.57%) to close at 1329.41 last week. Nepse lost 2.87% at the
beginning of the week. However, it gained back 2.31% towards the end of the week. The index continues to
hover below the 200 day and 50 day moving average. However, the index seems to be getting closer towards
the 50 day MA. Crossing above the 50 day MA could signal a possible bullish trigger. The average volume
turnover decreased to NPR 38.33 crores from NPR 54.82 crores the week prior.
4. Resistance and Support
Immediate Support 1250
Support 2 1206
Immediate Resistance 1388
Resistance 2 1480
The Nepse index continues to hover around the early 1300’s level. The index entered the 1200 territory by
closing at 1299.29 on Tuesday of last week. The market seems to give no clear indication regarding its
movement. The current immediate support and resistance level stands the same at 1250 and 1388
respectively.
5. Trend Indicator
a.) MACD
The MACD is a momentum oscillator formed by using two different types of moving averages, which
provides specific buying or selling signals. When a MACD line crosses above the signal line, it is
considered to be a positive sign and indicates a time to buy, and vice-versa.
The Macd and the signal line, at the beginning of last week, stood at -23.53 and -30.49 respectively. In the
course of the week, the macd and signal line gained 1.32 and 3.42 points to close at -22.22 and -27.07
respectively. Both the lines continue to hover in the negative territory, giving a bearish sign.

3. b.) RSI
RSI is a form of leading indicator that is believed to be most effective during periods of sideways
movement. Such indicators may create numerous buy and sell signals that are useful when the market is
not clearly trending upwards or downwards.
The RSI, at the beginning of last week, stood at 40.04 level. In the course of the week, it gained 4.96
points to close at 44.99 level. The RSI indicator shows a gradual decrease in selling pressure in the
market.
c.) Bollinger Bands
The Bollinger Band is a technical indicator that consists of a moving average (21-day) along with two
trading bands above (upper band) and below it (lower band). The bands are an indication of volatility,
which are represented by calculating standard deviation.

4. The benchmark index declined but climbed back up towards the mid bollinger band last week, indicating
that the market has come out of the oversold zone. The distance between the upper and lower band has
converged as well, signifying a decrease in market volatility.
6. Overview
The Nepse index decreased by 8.05 points (or down 0.57%) to close at 1329.41 last week. As seen in the
previous week, there seems to be no clear bullish indication is present in the market. The index is moving
below the 50 and 200 day moving average. The macd line moving above the signal line shows short term
bullish trigger. However, both the lines continue to hover in the negative territory. The RSI has moved away
from the selling pressure as well, closing at 44.99 level. The bollinger bands show signs of a decrease in
market volatility. The support and resistance level stands the same at 1250 and 1388 respectively.

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