Part 1: Rundown and Technical Analysis
There were only three trading days this week. The index closed red in all three days. NEPSE was closed on Tuesday on the occasion of Shivaratri and on Thursday on the occasion of Gyalpo Lhosar. The market is closed on Fridays and Saturdays every week.
The NEPSE index closed at 2,547.04 this week after a loss of 63.54 points (-2.43%). The index had closed at 2,661.44 last week with a loss of 2.6% from the week before that.
This week, the index went as high as 2,612.51 and as low as 2,542.77, hence witnessing volatility of 69.74 points. In the previous week, the index had seen volatility of 95.11 points.
Analysis of Trend
The NEPSE index is up only around 3% compared to the…
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