NEPSE 2026-10-02: index 2,587.25 (-11.90 pts, -0.46%). RSI(14) 45.43, close below the 20-day SMA of 2,590.40; turnover Rs 4.29 billion. Read: cautious.
NEPSE Market Today — 2026-10-02
The NEPSE index fell 11.90 points (-0.46%) to finish at 2,587.25 against a previous close of 2,599.15. It opened at 2,592.26 and traded between 2,582.36 (low) and 2,600.47 (high).
Breakout or Correction?
A breakout here means a close beyond the prior 20-session range of 2,501.49 to 2,679.90; a correction means a close below it. Today's close of 2,587.25 is inside that range, so neither a breakout nor a breakdown was confirmed. The close is -12.87% from the 52-week high of 2,969.50 and +4.77% above the 52-week low of 2,469.37.
Range Context
The day's range was 18.11 points (0.70% of the previous close) and the index closed 27.00% of the way up that range. Over the last 20 sessions the index has spanned 2,501.49 to 2,679.90; the 52-week range is 2,469.37 (2025-10-26) to 2,969.50 (2026-03-25), leaving the close -12.87% from the 52-week high and +4.77% above the 52-week low.
Support and Resistance
Below the market the first swing low is 2,546.69, printed on 2026-07-14 and 1.57% beneath the close. Resistance by the same definition is 2,656.54 (2026-08-13), which is 2.68% higher. A swing point here is a high or low that beats the three sessions either side of it. The 20-day band is 2,501.49 to 2,679.90.
Technical Snapshot
From the daily closes, the close is below the 20-day SMA of 2,590.40 (-0.12%), below the 50-day SMA of 2,627.40 (-1.53%), below the 200-day SMA of 2,691.06. RSI(14) is 45.43, in the neutral zone. MACD(12,26,9) prints -0.90 versus a -1.91 signal line; the histogram is positive at +1.01 and narrowing session on session.
Trend Direction
The close is below all three moving averages (20-day, 50-day and 200-day). Five sessions back the index was at 2,629.81, so it is -1.62% since then and +1.17% over 21 sessions; the last five closes split 1 up, 4 down. Price, breadth, the 20-day average and MACD together score the close as cautious under the fixed rules used here. Nothing here is advice — it is what the closing data shows.