NEPSE UPDATE

The market gained 0.66% this week, with the index closing at 2055.53 points. On Thursday, the market

saw a transaction of Rs.3.44 billion, and it has a market value of 3.01trillion as of June 22nd, 2023.

NEPSE daily time frame

A bit of correction is seen in Nepse as profit booking is expected. In daily time frame indecisive candles

can be seen .

Technical Analysis

Currently 2200-2250s area is considered to be as resistance so if market give a swing we can expect upto

2200s area level. Talking about support 2019s area is near support where as 1950s area is strong

support. For buy 2200s area will be target and 2019s area will be stoploss.

Macroeconomic data

(Extracted from Nepal Rastra Bank)

Overall economy is improving but the problem might can be seen because of inflation government has

targeted the inflation below 7% so its very hard to ease liquidity before the inflation is below 7%

Government Expenditure and Income

As we can see almost near to end of fiscal year we have just collected 60% of expected revenue and 61%

of expenditure.

-Sandesh Pokharel