NEPSE 2026-11-02: index 2,657.50 (-32.65 pts, -1.21%). RSI(14) 58.61, close above the 20-day SMA of 2,615.91; turnover Rs 7.18 billion. Read: neutral.
NEPSE Daily Closing Nepal — 2026-11-02
The NEPSE index fell 32.65 points (-1.21%) to finish at 2,657.50 against a previous close of 2,690.15. Intraday the index ranged from 2,651.15 to 2,691.10 after opening at 2,690.10.
Strength and Weakness
Strengths: close above the 20-day SMA (2,615.91); close above the 50-day SMA (2,605.48); MACD histogram +8.57. Weaknesses: index -1.21% on the day; breadth 21 up vs 252 down; 0 of 13 sub-indices higher.
Market Breadth
The advance-decline count came in at 21 up against 252 down, with 6 unchanged, for an A/D ratio of 0.08. That is 7.53% of the 279 equities in the tally finishing higher; 343 scrips traded in all, including non-equity instruments. The previous session (2026-10-30) had 101 advancers against 169 decliners.
Technical Snapshot
On the daily chart, the close is above the 20-day SMA of 2,615.91 (+1.59%), above the 50-day SMA of 2,605.48 (+2.00%), below the 200-day SMA of 2,690.63. The 14-day RSI sits at 58.61, which is neutral territory. MACD(12,26,9) reads 18.53 against a signal line of 9.96, a positive histogram of +8.57 that is narrowing.
What to Watch
Checkpoints for the next session, drawn only from the levels above:
- A close above 2,671.04 (the 2026-09-23 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 2,615.91 is the short-term trend line to track.
- RSI(14) at 58.61 leaves 11.39 points room before the 70 overbought line.
- Follow-through in the leaders (BENH, MAKAR) 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 2,629.82 (from +1.05%) and over 21 sessions +1.05%; the last five closes were 3 up and 2 down, with a 2-session losing streak now. On the rule set (price, breadth, 20-day average, MACD) the read is neutral. That is a description of the current state, not a prediction.