NEPSE Weekly Update 03 January 2021

Last week NEPSE opened gapped up and managed to close above the 2060 level for the first time after 02 December after multiple failed attempts earlier. A convincing close above 2100 level should see further upside gains, trading volume is below average but on the day of closing above 2060 level, is the highest amongst the last five days trading volume. With SubIndexes Finance, Dev Banks, Commercial Banks and Trading intending to push further higher we are waiting for NEPSE to close above 2100 level. 

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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.