- Nepse closed last week at 939.53 points, an increase of 0.92% from the previous week. - The RSI indicator has increased closer to the overbought zone, suggesting the market momentum is still upward. - The MACD indicator shows the near term momentum is upward as both lines moved gradually upwards in parallel.

1. Technical Analysis
1. Market Summary (as of Jan 16, 2015)
Nepse at close last week (Jan 14, 2015) 939.53
Nepse high last week (Jan 14, 2015) 939.53
Weekly Change 8.56 (or 0.92%)
Daily Volume (Avg.) NPR 24.28 crores
Total Traded Amount (weekly) NPR 97.11 crores
Immediate Resistance 938.41
Immediate Support 875.56
RSI 68.88
MACD Line 13.76
Signal Line 10.87
2. Market Trend
Nepse (Jan 01, 2014 – Jan 15, 2015)
3. 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 dipped during the early part of the
week, but managed to close higher. The indicator increased this week to 68.88 levels from 66.71
levels the week before. This indicates that the market has almost reached the overbought zone.

2. RSI (Jan 02, 2014 – Jan 15, 2015)
4. 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. Compared to the
previous week, there were very minor changes with the MACD indicator. Both the MACD and signal
lines moved gradually upwards on a parallel note suggesting that the near term momentum has been
in the upward direction.
MACD (Jan 02, 2014 – Jan 15, 2015)
5. 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. During the past week, Nepse inclined
further upwards and has touched the upper-band suggesting slight increase in market momentum. At
the same time, the upper and lower bands appear to have converged in recent times, which indicates
lower volatility.

3. Bollinger Bands (Jan 02, 2014 – Jan 15, 2015)
Overview:
This past week began on a lower note with the market falling during the first two days of trading.
However, it increased during the remaining two trading days, which pushed up the market to 939.53
points – an increase of 8.56 points or 0.92%. With the country moving towards the Constitution
promulgation deadline of Magh 8, investors appear to be in a wait and watch mood hoping for
consensus among political parties. The average daily volume in the market fell this week to 24.28
crores from 28.48 crores the week before. Nepse has once again moved towards the nearest
resistance level of 938.41 points. Since August 2014, Nepse has twice failed to move past this strong
level. However, the nearest support level currently stands at 875.56 points. The RSI indicator has
inched higher to 68.88 levels moving it closer to the overbought zone. The MACD indicator shows
that the near term momentum in the market is still in the upward direction. The Bollinger Bands
suggest decreasing volatility in the market. In the present scenario, the 50-day moving average
hovering below the 200-day moving average generally represents a bearish scenario. However, if
Nepse can move past its nearest resistance level, the market may move further ahead in the upward
direction.

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Nepse (Jan 01, 2014 – Jan 15, 2015)
l/n]l6j :6«]Gy OG8]S; -cf/P;cfO{_
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RSI (Jan 02, 2014 – Jan 15, 2015)
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a9g] ;Dejgf /x]sf] ;+s]t u/]sf] 5 .
MACD (Jan 02, 2014 – Jan 15, 2015)
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kQf nufO{G5 .o; uPsf] xKtf g]K;] kl/;"rs dfly a9]sf] cj:yf /x]sf] lyof] h;n] ubf{ ahf/n]
pkNnf] Aof08 5f]Psf] 5 h'g ahf/df cfPsf] ultsf] ;+s]t xf] . ;+u ;+u} pkNnf] / tnsf] Aof08 Ps}
7fFpdf k'u]sf] cj:yfn] ahf/df cl:y/tfsf] s]xL sdL cfPsf] dfGg ;lsG5 .

6. Bollinger Bands (Jan 02, 2014 – Jan 15, 2015)
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