📊 Market Snapshot
| Indicator | Level / Range | Outlook |
|---|---|---|
| NEPSE Index | 2,663.51 (+0.43%) | Mild Recovery |
| Immediate Resistance | 2,660 – 2,690 | Being Tested |
| Next Resistance | 2,730 – 2,770 | Key Breakout Zone |
| Immediate Support | 2,550 – 2,580 | Strong Bounce Area |
| Overall Sentiment | Cautiously Optimistic | Rebound in Progress |
🧠Market Overview
After a sharp correction driven by negative sentiment, the NEPSE Index has shown early signs of stabilization, closing at 2,663.51 with a modest 0.43% gain. Strong buying activity near the 2,550–2,580 support zone helped the market recover from recent lows, hinting at a potential short-term bottom.
Technically, the index remains below its broader downward trendline, but the current move marks an attempt to reclaim the 2,660–2,690 resistance range. A decisive breakout above this level could trigger a short-term rally toward 2,730–2,770, while failure to sustain may keep the market within a consolidation phase.
Momentum indicators add to this cautious optimism — the Stochastic RSI has flashed a bullish crossover from the oversold region, while the MACD histogram shows signs of easing bearish momentum. The RSI, currently at 43.43, is also climbing from neutral territory, suggesting that selling pressure may be subsiding.
Despite encouraging signals, the broader sentiment remains watchful. NEPSE will need a confirmed close above 2,770 to mark a trend reversal. Until then, investors are advised to remain selective, focus on fundamentally strong companies, and monitor key support levels closely.
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