NEPSE 2026-10-07: index 2,572.34 (-6.39 pts, -0.25%). RSI(14) 43.05, close below the 20-day SMA of 2,596.11; turnover Rs 3.75 billion. Read: negative.
NEPSE Market Today — 2026-10-07
NEPSE closed at 2,572.34, down 6.39 points (-0.25%) from the previous close of 2,578.73. It opened at 2,578.16 and traded between 2,565.22 (low) and 2,579.10 (high).
Breakout or Correction?
The test is simple: the prior 20-session range was 2,524.55 to 2,679.90, so a close above it is a breakout and a close below it a breakdown. Today's close of 2,572.34 is inside that range, so neither a breakout nor a breakdown was confirmed. The close is -13.37% from the 52-week high of 2,969.50 and +4.17% above the 52-week low of 2,469.37.
Range Context
The intraday span was 13.88 points (0.54% of the prior close), with the close sitting 51.30% up from the low of the range. The 20-session band is 2,524.55 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 -13.37% off the yearly high and +4.17% above the yearly low.
Support and Resistance
Below the market the first swing low is 2,546.69, printed on 2026-07-14 and 1.00% beneath the close. The nearest swing high above it is 2,656.54 (2026-08-13), 3.27% away. Swing points are local extremes over a three-session window on each side; the 20-day band runs 2,524.55 to 2,679.90.
Technical Snapshot
On the daily chart, the close is below the 20-day SMA of 2,596.11 (-0.92%), below the 50-day SMA of 2,618.59 (-1.77%), below the 200-day SMA of 2,689.69. RSI(14) is 43.05, in the neutral zone. MACD(12,26,9) prints -6.51 versus a -3.58 signal line; the histogram is negative at -2.93 and widening session on session.
Trend Direction
All three moving averages (20-day, 50-day, 200-day) sit above the close. Over five sessions the index is 2,598.89 (from -1.02%) and over 21 sessions +1.35%; the last five closes were 2 up and 3 down. On the rule set (price, breadth, 20-day average, MACD) the read is negative. That is a description of the current state, not a prediction.