"Market is in bull-run & the current trend is positive" opines Technical Analyst

ShareSansar, January 22:

An avid share investor Mr. Neejan Shrestha opines that though market move fundamentally; Due to current political chaos, NEPSE will sure decline by some points today. Market is not 100 percent correlated with politics; there are many others factors that are related to market. For example we can take liquidity scenario in the banking system of the country. So, if market falls by 5-6 points also, today then we can assume that market is strong enough in coming days to take a another leap to breach 1086 levels.

Mr. Sagun Shakya – Investors cum Technical Analyst opines differently. He claims since NEPSE index breach 975.45 levels with an ease, supported by huge volume of Rs 86 crores clearly indicates that the market is in bull-run and the current trend is positive. What’s so ever happen fundamentally or politically, market will now target to breach 1086 level very soon. Market may down with some points for some days but surely it will target to breach 1086 levels, he assured.

One of the prominent investors of market – Mr. Uddav Siwakoti told ShareSansar today “Market may go down today as there is huge uncertainty among investors due to the current political situation. If NEPSE increases, there will be high risk for investors which signals market might be hold by the institutional investors and it won’t support fundamentals. No economy grows until and unless there will be certainty of political stability”, he added.