NEPSE 2026-09-17: index 2,624.36 (+11.94 pts, +0.46%). RSI(14) 55.81, close above the 20-day SMA of 2,578.60; turnover Rs 5.50 billion. Read: positive.
NEPSE Market Today — 2026-09-17
The NEPSE index rose 11.94 points (+0.46%) to finish at 2,624.36 against a previous close of 2,612.42. It opened at 2,616.12 and traded between 2,615.69 (low) and 2,637.58 (high).
Breakout or Correction?
The test is simple: the prior 20-session range was 2,501.49 to 2,679.90, so a close above it is a breakout and a close below it a breakdown. Today's close of 2,624.36 is inside that range, so neither a breakout nor a breakdown was confirmed. The close is -11.62% from the 52-week high of 2,969.50 and +6.28% above the 52-week low of 2,469.37.
Range Context
The day's range was 21.89 points (0.84% of the previous close) and the index closed 39.61% of the way up that range. The 20-session band is 2,501.49 to 2,679.90. The 52-week extremes are 2,469.37 (2025-10-26) and 2,969.50 (2026-03-25), so the close is -11.62% off the yearly high and +6.28% above the yearly low.
Support and Resistance
Below the market the first swing low is 2,602.39, printed on 2026-07-01 and 0.84% beneath the close. Resistance by the same definition is 2,656.54 (2026-08-13), which is 1.23% higher. Swing points are local extremes over a three-session window on each side; the 20-day band runs 2,501.49 to 2,679.90.
Technical Snapshot
On the daily chart, the close is above the 20-day SMA of 2,578.60 (+1.77%), below the 50-day SMA of 2,626.13 (-0.07%), below the 200-day SMA of 2,689.46. RSI(14) is 55.81, in the neutral zone. The MACD(12,26,9) line is at -9.46 with the signal at -21.19, leaving a positive histogram of +11.72, and the gap is widening.
Trend Direction
The close is above 1 of the three moving averages (20-day, 50-day and 200-day). Over five sessions the index is +3.67% (from 2,531.55) and over 21 sessions -0.74%; the last five closes were 4 up and 1 down. Price, breadth, the 20-day average and MACD together score the close as positive under the fixed rules used here. Nothing here is advice — it is what the closing data shows.