Looking at the AI, the NEPSE indicator suggested buying, how did the Banking SubIndex look ?
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NEPSE trading
On the second trading day of the week, improvement was seen in the Nepali stock market index NEPSE, with the increase in the banking sector.
Even today, we will analyze the chat made through AI on how the Monday market has shaped and what strategy investors will make in the coming days.
Technically looking at Monday's Nepali stock market NEPSE, although it did not give a bye on Sunday, it gave an opportunity to buy on Monday. Earlier on Sunday, non-life insurance gave a bye and on Monday again, the banking sub-director gave a bye. The effect of which has been seen in the overall stock market.
Fibonacci looking NEPSE indicator:
NEPSE, the main index of the Nepali stock market, seems to have given a bye after Monday's market. When we look at the market after February 30 through AI, NEPSE has given a bye. The NEPSE index has crossed 1,992 points. Which is given bye during technical analysis. Fibonacci has said that investors should buy now. The first target after that is 2 thousand 57. If NEPSE crosses that point, then the second target is 2 thousand 123. Likewise, the third target of the NEPSE index is 2,230, which is also visible in this chart.
Banking sub-index :
In the sub-index, banking has been the strongest so far. Looking from Fibonacci, banking seems to have given a bye on Monday itself. Here you will be able to see it clearly even in the lick.
As the banking bye time is 1039, it seems that that point has also been crossed in Monday's market. It seems that the first target after that is 1 thousand 89. If it crosses that point, then the second target is 1,140. Likewise, the third target is 1,222.