$NEPSE closed at 2814 today. It made a spinning top candlestick pattern with a low of 2781 and a high of 2857. In the final hour, we could see some selling pressure but the market managed to close above 2800 which is a good sign after yesterday's heavy fall.
There still seems to be indecision in the market. For now, the market needs to protect today's low of 2781. If that is broken, the next support area for the market is around 2740 to 2760 area. The important levels that the market needs to cross are 2880 and 2920
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
There still seems to be indecision in the market. For now, the market needs to protect today's low of 2781. If that is broken, the next support area for the market is around 2740 to 2760 area. The important levels that the market needs to cross are 2880 and 2920
Disclaimer - It's only for educational purposes. Take your own decision before the trade.