31/08/2021
NEPSE BRIEF UPDATE:-
As I already told that negative divergence in the market was seen, which was indicating weakness in the uptrend as buying is less intense and selling or profit taking is increasing.
Now, we are very close to our strong support zone (2950-60). We can expect some retrenchment or consolidation (side tracks) starting tomorrow or the day after tomorrow.
It was an opportunity to enter in the market at dip. However, partial market entry would be a sensible measure. Select stocks with a high dividend history.
Happy Trading 🙂