NEPSE Weekly Update 20 December

Past week’s view remains unchanged. Moreover, a test and denial of 2060 further confirms the view that the index must close above this level for further upside run. With most of the sub indexes either correcting or consolidating, except for the Microfinance one (which should soon be correcting itself, if not NEPSE with help of other indexes pushes beyond and runs further upside), we are expecting to see NEPSE correcting itself to some extent. The previous correction felt somewhat shallow. But hey, it is the market sentiment that drives the market, ALWAYS, one should never forget that and all these analyses are like road signs to adjust oneself in alignment with risk management and trading strategy.

#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.