The daily RSI stands at 38.80, and the weekly RSI is at 47.58. In terms of MACD, both lines are below zero, with the signal line crossing the MACD line, showing a MACD reading of -24.33 on the daily chart.
The Nepse Index is currently below its 5-day and 20-day Moving Averages, which is generally seen as a bearish sign, but we should wait for more confirmation.
In the current scenario, the 1,950 level might serve as the nearest support, while resistance is likely to be encountered around the 2,085 level.
