NEPSE view 22 Nov Sunday

Today we are at a level where the Bulls and Bears seemed to  have a good fight. At the end of the day Bears seems to have some edge over the Bulls but Bulls seems to have held the ground today not letting the low test below the previous day’s body. Tomorrow should be interesting. Puzzle pieces in coming days should paint a picture whether there will be a consolidation, pushing up or going down.

Microfinance, Finance, Development Banks, Hotels, Life Insurance, and Non Life Insurance sub indexes indicate that a correction is due before (if there were to) another leg of extension.

Commercial Bank and Development Bank sub indexes indicate that there may be some room for further upside move before suggesting correction.

Hydropower seems to be in continuation of a correction.

#tradewithramesh

Please note that due to market volatility, some of the above sight prices may have already been reached and scenarios played out. Trade in your own discretion.