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 Report Nepal — 2026-10-16
NEPSE closed at 2,634.17, up 8.24 points (+0.31%) from the previous close of 2,625.93. Intraday the index ranged from 2,622.78 to 2,638.42 after opening at 2,626.41.
Candlestick Read
The daily candle is a bullish spinning top (small body, shadows on both sides): open 2,626.41, high 2,638.42, low 2,622.78, close 2,634.17. The body measures 7.76 points against shadows of 4.25 (upper) and 3.63 (lower), leaving the close 72.83% of the way from the low to the high. Relative to the previous close, the open was 0.48 points above it.
NEPSE OHLC
The session's index prints:
| Field | Value |
|---|---|
| Previous close | 2,625.93 |
| Open | 2,626.41 |
| High | 2,638.42 |
| Low | 2,622.78 |
| Close | 2,634.17 |
| Change | +8.24 (+0.31%) |
| Range | 15.64 points |
| Candle | bullish spinning top (small body, shadows on both sides) |
Support and Resistance
Below the market the first swing low is 2,629.22, printed on 2026-08-12 and 0.19% beneath the close. Resistance by the same definition is 2,656.54 (2026-08-13), which is 0.85% higher. Swing points are local extremes over a three-session window on each side; the 20-day band runs 2,557.30 to 2,671.04.
Range Context
The intraday span was 15.64 points (0.60% of the prior close), with the close sitting 72.83% up from the low of the range. The 20-session band is 2,557.30 to 2,671.04. The 52-week extremes are 2,469.37 (2025-10-26) and 2,969.50 (2026-03-25), so the close is -11.29% off the yearly high and +6.67% above the yearly low.
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 2,591.80 (from +1.63%) and over 21 sessions +0.02%; the last five closes were 5 up and 0 down, with a 7-session winning streak now. Price, breadth, the 20-day average and MACD together score the close as positive under the fixed rules used here. That is a description of the current state, not a prediction.