$NEPSE closed at 2385 today. It was not the sort of day I was expecting after the market had given a good bullish candle just before New Year.
Previously I had mentioned that 2366 needs to be protected if we are to move upwards to around 2700. But it looks likely that this level is going to get broken. If broken, we could be heading towards the 2260 area. As for now, I'm looking at if the market can give a close above today's high i.e. 2438 in the coming days.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
Previously I had mentioned that 2366 needs to be protected if we are to move upwards to around 2700. But it looks likely that this level is going to get broken. If broken, we could be heading towards the 2260 area. As for now, I'm looking at if the market can give a close above today's high i.e. 2438 in the coming days.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
@nepsetrader market looks likely to test 2259 (previous low)