NEPSE Weekly Update 10 January

2100 level clearly penetrated and tested the 2200 level this week. Now, 2100 level as support seems to be in play for now. 

With majority of Sub Indexes Finance, Development Banks, Micro Finance, Hydro Power and Non Life Insurance (confirmation with close above 10200 level) showing upside momentum building up, NEPSE is anticipated to test further upside (cautiously).

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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.