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Rajesh ji.

Thank you for sharing the nice post to the likely minded investors.

But sorry to say that the link which you have posted of facebook in your second post is not getting open.

Regards,

Kheladi

I have not done any assessment about next support level myself. However, I have read a chart on facebook. Please follow the link I have given at the end of this post to see the chart. I have reproduced the discussion below.

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Nepalstockexchange
see the red line. here nepse get its first support point at 482( near 8 may).
today ( 18-6-2013) nepse again get its second support point at 491. i am in great hope that nepse wont cross this level. tomorrow if nepse decreases then i am sorry to say that our stock market will be in bearish trend.

thank you.
Timeline Photos · Tuesday at 8:05pm ·
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Rajesh Sharma

I agree with the analysis. If it goes down today, we may move to a short bear phase. However, when the fourth quarter pressure of loan clearance ends (after July 01?) and dividend declaration time gets closer, the short bear phase will end. If the market will stay above 491 today, may be the situation would be entirely different.

Like · 1 · Edit · Yesterday at 7:13am
Nepalstockexchange
rajesh ji lets see how market will react today.
Like · Yesterday at 10:58am


https://m.facebook.com/photo.php?fbid=586238831407412&id=
576231985741430&set=a.582899885074640.1073741826.576231985741430&refid=7&_ft_=
qid.5890834801426301648%3Amf_story_key.-3117656737164569755&_rdr

How much down NEPSE could go? Any assessment?

Since June 2011, when the index was lowest at 292 and started moving gradually up, we are in a secular bull market phase. A secular bull market consists of larger bull markets and smaller bear markets. Right now, we are passing through a small bearish phase. Not so good news about BOK and HBL(counter guarantee) supported the bear to pull index further down.

The market may go down till first week of July. By that time, selling pressure to repay bank loan/interest will ease and dividend declaration time will be closer. Hence, another 15/20 days, the market may remain bearish.