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 Market Today — 2026-10-16
The NEPSE index rose 8.24 points (+0.31%) to finish at 2,634.17 against a previous close of 2,625.93. It opened at 2,626.41 and traded between 2,622.78 (low) and 2,638.42 (high).
Breakout or Correction?
A breakout here means a close beyond the prior 20-session range of 2,557.30 to 2,671.04; a correction means a close below it. Today's close of 2,634.17 is inside that range, so neither a breakout nor a breakdown was confirmed. The close is -11.29% from the 52-week high of 2,969.50 and +6.67% above the 52-week low of 2,469.37.
Range Context
High to low the index covered 15.64 points, 0.60% of the previous close, and settled 72.83% of the way up that span. Zooming out, the past 20 sessions ran from 2,557.30 to 2,671.04, while the 52-week low and high are 2,469.37 (2025-10-26) and 2,969.50 (2026-03-25); the close stands -11.29% from that high and +6.67% above that low.
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. The nearest swing high above it is 2,656.54 (2026-08-13), 0.85% away. 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.
Technical Snapshot
From the daily closes, the close is above the 20-day SMA of 2,606.87 (+1.05%), above the 50-day SMA of 2,605.34 (+1.11%), below the 200-day SMA of 2,689.11. RSI(14) is 59.77, in the neutral zone. MACD(12,26,9) reads 3.31 against a signal line of -1.94, a positive histogram of +5.25 that is widening.
Trend Direction
The close is above 2 of the three moving averages (20-day, 50-day and 200-day). The five-session change is +1.63% (from a close of 2,591.80) and the 21-session change +0.02%, with 5 of the last five closes 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. Nothing here is advice — it is what the closing data shows.