As observed from the chart above, the NEPSE Index was dominated by sellers at first but buyers came to rescue by taking charge of dominating sellers. 

• Support(S2): Resistance turned support: 2694.89 

• Supply zone: 2793-2825 

The chart shows the supply zone (SZ) in the range of 2793–2825 points. After yesterday’s fall, the NEPSE index dropped by almost 24 points, but buyers came to rescue the market and helped it close the session. Buyers being in charge at closing does not guarantee that the index will make an upswing from tomorrow. As we still have the immediate support (S2), we cannot deny the possibility that the index might fall to that level. 

Conclusion: NEPSE has entered a minor level correction so it’s important to look closely at the near support zone and grab the opportunity. Otherwise we will see if buyers can take charge in coming sessions and act accordingly. 

Disclaimer: Analysis presented in this article is solely for educational purpose. Please make your decision based on your own final verdict.Thankyou.