Hydropower Sector rallies by massive 8.54%; Arun Kabeli and Shivam Cements traded most; Naasa Securities remains top buying and selling broker (Weekly Wrap Up)

Fri, Oct 9, 2020 12:13 PM on Stock Market, Weekly Analysis,

NEPSE index gained 18.59 points (1.18%) in the trading week between 4th October to 8th October 2020. Last Week market closed at 1571.04 points and this week closed at 1589.63 points on Thursday. 36.27 points volatility was witnessed this week, with the market reaching the highest 1614.04 and the lowest at 1577.77.

Candlestick pattern:

This week, 2 green and 3 red candles were formed. Mostly, small body candles were formed, this week.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). At present, NEPSE Index is above both 5 days EMA and 20 days EMA. Nepse Index above moving average signals for Bullishness. GOLDEN CROSS made on 20th August 2020 is still valid. The Golden cross is a technical pattern indicating the potential for a major rally.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the Positive zone.  A signal line is above MACD line, Signal line has crossed the MACD line, this indicates a bearish signal.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

The Fibonacci retracement levels are

50% - 1414

61.8% - 1480

78.6% - 1565

100% - 1667


Average Turnover of this week: Rs 2.92 arba

Support and resistance level for the next trading week according to Pivot Point.

Pivot Point- 1593 point

1st Resistance- 1609 point                1st Support- 1572 point

2nd Resistance- 1630 point               2nd Support- 1556 point

3rd Resistance- 1667 point              3rd Support- 1537 point

Conclusion: Most of the indicators are in favor of low volatility. The market may be trading in the 1540 -1640 range this week. Strong support is at 1540.

Weekly Market Summary of NEPSE:

More than 5.44 crore unit shares of worth Rs 14.64 arba has been traded through 2.20 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 2,118,801.95 Million.


NEPSE index and Sub-indices performance: (Increment here is based on the previous week closed value)

The NEPSE index increased by 1.18% this week. Most of the sub-indices rise this week. The top gainer sector of this week is the hydropower sector with a rise of 8.54% followed by the finance sector with a rise of 7.52%. The mutual fund sector declines most by 1.94% this week.

Stock with the highest monthly Beta value from the Banking, Insurance & Finance Sector

Saptakoshi Development Bank Limited (SAPDBL) has the highest monthly Beta value of 3.77 followed by Shree Investment and Finance Limited (SIFC) and Corporate Development Bank Limited (CORBL) with 3.65 and 3.27 beta value respectively.

Top Ten Gainers of the week:  

Rairang Hydropower Development Company Limited (RRHP) is the top gainer of this week. RRHP closed at Rs 221 with Rs 61 (38.13%) increment.

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

SS Pro

Top Ten Losers of the week:

NMB Hybrid Fund L- 1 (NMBHF1) price has decreased by 5.7% and its LTP stands at Rs 9.43.

Top Stocks by Turnover, Volume, and Number of Transaction:

Arun Kabeli Power Limited (AKPL) is the top traded company of the week. A total Rs 58.64 crore worth of AKPL shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities (Broker No- 58) was the top buyer broker of this week and it has bought stocks worth Rs 1.06 arba.

Top Buyer Brokers Top 10 Bought Companies:

Top Seller Broker of the Week:

Naasa Securities (Broker No- 58) is the top seller broker for this week. The brokerage firm has sold stocks worth Rs 1 arba.

Top Seller Brokers Top 10 Sold Companies:

Top Companies with Highest Market Capitalizations:

All the analysis are done with the SS Pro Software. To know more about the software click on the link below

SS Pro