NEPSE 2026-11-02: index 2,657.50 (-32.65 pts, -1.21%). RSI(14) 58.61, close above the 20-day SMA of 2,615.91; turnover Rs 7.18 billion. Read: neutral.
NEPSE Market Today — 2026-11-02
At the close NEPSE stood at 2,657.50, a move of -32.65 points (-1.21%) on the day from 2,690.15. It opened at 2,690.10 and traded between 2,651.15 (low) and 2,691.10 (high).
Breakout or Correction?
A breakout here means a close beyond the prior 20-session range of 2,557.30 to 2,712.99; a correction means a close below it. Today's close of 2,657.50 is inside that range, so neither a breakout nor a breakdown was confirmed. The close is -10.51% from the 52-week high of 2,969.50 and +6.24% above the 52-week low of 2,501.49.
Range Context
The day's range was 39.95 points (1.49% of the previous close) and the index closed 15.89% of the way up that range. The 20-session band is 2,557.30 to 2,712.99. The 52-week extremes are 2,501.49 (2026-09-01) and 2,969.50 (2026-03-25), so the close is -10.51% off the yearly high and +6.24% above the yearly low.
Support and Resistance
Below the market the first swing low is 2,629.22, printed on 2026-08-12 and 1.06% beneath the close. Overhead, the closest swing high is 2,671.04 from 2026-09-23, 0.51% above the close. These levels are three-session pivots from the last 60 sessions; for context the 20-day range is 2,557.30 to 2,712.99.
Technical Snapshot
Technically, the close is above the 20-day SMA of 2,615.91 (+1.59%), above the 50-day SMA of 2,605.48 (+2.00%), below the 200-day SMA of 2,690.63. The 14-day RSI sits at 58.61, which is neutral territory. MACD(12,26,9) reads 18.53 against a signal line of 9.96, a positive histogram of +8.57 that is narrowing.
Trend Direction
The close is above 2 of the three moving averages (20-day, 50-day and 200-day). The five-session change is +1.05% (from a close of 2,629.82) and the 21-session change +1.05%, with 3 of the last five closes up and 2 down, with a 2-session losing streak now. Combining price, breadth, the 20-day average and MACD, the rule-based read is neutral. Nothing here is advice — it is what the closing data shows.