NEPSE on the course to rise; Will solutions to blockade, constitution amendment, Bihar election, help?

Well the only secondary market of Nepal, NEPSE, has slipped by little over four points on the first trading day of the week, yesterday. Everyday investors might be dumbfounded to hear the secondary market will rise soon. Mr. Sagun Shakya, prominent Technical Analyst of Secondary Market in Nepal for more than eight years, is confident that the NEPSE is on the course to rise and will create a new peak in mid November! Mr. Shakya had made following prediction on September 28, 2015 while the NEPSE index was 1176 on September 24, 2015: "Nepse Index closed above its support level of 1,175 on last trading day (September 24). Nepse Index had tried 3 times to breach its resistance level and made triple top pattern at 1,200. Until and unless it crosses 1200 mark, Nepse won't be in bullish mood.  It seem Nepse will be in bearish trend  or sideways between 1,080 to 1,200 level for few weeks as relative  strength index  also conforms, negative divergence. But major trend of Nepse is still bullish." The market has behaved as predicted by Mr. Shakya. Yesterday, NEPSE index closed at a level of 1086.57. The NEPSE is in sidewise movement due to current political instability. The market falls down one day and picks up the lost points next day. This sidewise movement of the market has been routine for few past week. Now the million dollar question is, will the market rise again in Mid November to create a peak as predicted by Mr. Shakya? If we look from the fundamental aspect, it does seem reasonable that market will rise. The agitating Madhesi Parties have decided to come to parliamentarian process to amend the constitution. They have also agreed to resume talks with government from today. Prime Minister K.P. Oli and Ambassador of India to Nepal, Mr. Ranjit Rae, have separately indicated that the undeclared blockade of borders by India will be lifted soon. Furthermore, the opposition parties in India have gained landslide victory in Bihar election. The result of this election is being seen as the unpopularity of policies laid forth by Indian PM Narendra Modi. It is anticipated that the New Delhi will face growing opposition from the state government on various policies issues. At the mean time numerous leaders of Nepal are being vocal against blockade put forth by the India. The international community has been made officially aware at various capacities regarding the humanitarian crisis brought forward by the blockade from India. Indian PM Modi might be looking for safe landing as things has not turned out as he had planned in home and abroad. With all these things happening in background it would be fair to predict that Nepal will find solution to the blockade and concerns raised by agitating Madheshi parties will be addressed by mid November. All of these good news would definitely put the NEPSE in bullish trend again. Mr. Shakya: Nepse Index will be trading in 1080 to 1200 levels for some weeks High probability of NEPSE creating new peak on Mid November (Exclusive TA Analysis)