NEPSE 2026-10-16: index 2,634.17 (+8.24 pts, +0.31%). RSI(14) 59.77, close above the 20-day SMA of 2,606.87; turnover Rs 4.88 billion. Read: positive.
NEPSE Daily Closing Nepal — 2026-10-16
The NEPSE index rose 8.24 points (+0.31%) to finish at 2,634.17 against a previous close of 2,625.93. Intraday the index ranged from 2,622.78 to 2,638.42 after opening at 2,626.41.
Strength and Weakness
Strengths: index +0.31% on the day; breadth 174 up vs 91 down; close above the 20-day SMA (2,606.87); close above the 50-day SMA (2,605.34); MACD histogram +5.25; 8 of 13 sub-indices higher. Weaknesses: none by these measures.
Market Breadth
The advance-decline count came in at 174 up against 91 down, with 12 unchanged, for an A/D ratio of 1.91. Put another way, 62.82% of the 277 equities with a recorded change closed up, out of 348 scrips traded in total. The previous session (2026-10-15) had 172 advancers against 90 decliners.
Technical Snapshot
On the daily chart, the close is above the 20-day SMA of 2,606.87 (+1.05%), above the 50-day SMA of 2,605.34 (+1.11%), below the 200-day SMA of 2,689.11. The 14-day RSI sits at 59.77, which is neutral territory. MACD(12,26,9) prints 3.31 versus a -1.94 signal line; the histogram is positive at +5.25 and widening session on session.
What to Watch
Checkpoints for the next session, drawn only from the levels above:
- A close above 2,656.54 (the 2026-08-13 swing high) would clear the nearest overhead level.
- A close below 2,629.22 (the 2026-08-12 swing low) would break the nearest support.
- The 20-day SMA at 2,606.87 is the short-term trend line to track.
- RSI(14) at 59.77 leaves 10.23 points room before the 70 overbought line.
- Follow-through in the leaders (CKHL, BENH) is the tell for continuation.
Trend Direction
The close is above 2 of the three moving averages (20-day, 50-day and 200-day). Over five sessions the index is +1.63% (from 2,591.80) and over 21 sessions +0.02%; the last five closes were 5 up and 0 down, with a 7-session winning streak now. Combining price, breadth, the 20-day average and MACD, the rule-based read is positive. It summarises the tape; it is not a forecast.