$NEPSE closed at 2667 today. As expected, the market continued its rally after forming a bullish candle on Thursday at an important area. We also saw a decent rise in total turnover which was a positive sign.
For tomorrow, the resistance could be around 2670 to 2700 area where we might see some profit booking. If it takes resistance, we could be heading towards 2600 as a retracement.
2740 to 2780 remains a hurdle that NEPSE needs to overcome. I'm still waiting for the market to close above 2825 to consider it will head for higher targets.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
For tomorrow, the resistance could be around 2670 to 2700 area where we might see some profit booking. If it takes resistance, we could be heading towards 2600 as a retracement.
2740 to 2780 remains a hurdle that NEPSE needs to overcome. I'm still waiting for the market to close above 2825 to consider it will head for higher targets.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.