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I believe long term bull began after first constitutional assembly election was held when NEPSE was around 300-400.

And I believe it will last until Nepal's percapita income crosses 10000-20000 dollar.

And then after another bull will start based on inflation. just like in US, EU, Japan.

This is the reason, I say, dont hold Cash.

Current depression is due to confusion, and forced by govt authority (they forcefully stopped bull using criminal action by mainly NRB), that is why there is no confidence.

"After the elections and when this so called puji briddi phase ends it definitely gonna pick a good pace. I guess a pace that noone would have imagined."--- totally agreed and hope so.

Not many right share remain. So hope pace would pick soon.

Sorry to say a long run bull might not appear very soon.
Its because right share flood has attracted many investors. It includes institutional investors too.
Small bull might appear in certain period of time. After the elections and when this so called puji briddi phase ends it definitely gonna pick a good pace. I guess a pace that noone would have imagined.

सेयर बजारमा सुस्त सुधार, अब यसकारण विस्तारै आउनेछ नयाँ माहोल
http://www.nepalipaisa.com/NewsDetail.aspx///id/17109

- who will kick star the bull?

I am sure institutional masters won't cause, before they start investing, their family, friends will start buying first.

Since, shrawan is about to start so, small, medium and new players are about to enter the market in mass. So, if big players dont enter soon, within a week or 10 days,
my money on 1.

1: New and small/medium trader
2: Big players
3: Institutional masters