$NEPSE closed at 2572 today. If the market didn't protect 2600, I was expecting it to fall to around 2570 to 2600 area which it ultimately did. It also made gap fill and tried to take support around 0.618 fibo.
I'm expecting the market to take support from here on and move towards the 2760 to 2800 area as my preferred scenario. Alternatively, if the market falls further tomorrow, it can go towards 2500. For now, 2683 remains an important area NEPSE must close above.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
I'm expecting the market to take support from here on and move towards the 2760 to 2800 area as my preferred scenario. Alternatively, if the market falls further tomorrow, it can go towards 2500. For now, 2683 remains an important area NEPSE must close above.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
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