As observed from the chart above, the NEPSE Index continued the fall as expected. 

• Support(S2): Resistance turned support: 2694.89 

• Supply zone: 2793-2825 

The chart highlights a supply zone (SZ) between 2793–2825 points. As anticipated in yesterday’s analysis, the NEPSE Index continued its downward move. This indicates that the index failed to overcome selling pressure, unlike the previous trading session. With immediate support (S2) still intact, we will continue to closely monitor this level for further price action. 

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.