When Will NEPSE Rise?
Summary
NEPSE remains in a downtrend, with investors watching support levels around 2570 and resistance near 2760 for signs of a rebound. Market participants are split on when it will recover, while regulators say reforms and new products are being prepared to boost confidence.
Key Points
- NEPSE is currently in a downtrend, with technical support around 2570 and resistance near 2760.
- Investor sentiment is mixed, with some expecting a rebound next week or before Dashain and others unsure about the timing.
- SEBON says it is working on market reforms, new products, margin lending and Auto EDIS to support long-term growth.
- The article notes weak trading volume and low turnover in recent weeks, despite historical strength in July.
