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The Nonsense of the Mind and Beyond -By Shreedhar Acharya

The Nonsense of the Mind and Beyond -By Shreedhar Acharya: …

Even on the last day of the week, NEPSE declines double digit

 

On Thursday, the NEPSE index fell by 11.96 points (fell 0.43% ) and reached to 2801.56. Of the 227 companies traded, 39 rose, 144 declined and eight remained unchanged.

Out of the 13 sub-groups traded, share prices of 3 sub-groups have risen and share prices of 10 sub-groups have declined.

Market capitalization has declined to Rs. 3 trillion and 95 billion.

Top Transactions

Technical Analysis

NEPSE Update: February 10, 2022

Technical Analysis Indicators

1. Bollinger Bands:

Analysis shows that the difference between the upper and lower band of Bollinger Bands has increased more than yesterday (today's difference: 245.04) which indicates that the volatility in the market has increased today. The market closed below the lower band (2635.77) today. Nepse closed below the lower band (2635.77) with the support area of ​​the lower band. Nepse seems to be closing below the lower band which shows that the market has not been able to determine any definite direction.

2. MACD:

Moving Average Convergence Divergence analysis shows that the MACD line is below the zero line. Histogram has decreased by 16.92 points. The MACD line has risen from the previous day's (13.54) points to 16.92. The signal line has also decreased. The MACD line and the signal line are seen to be in conversion and the cell signal is shown.

3. DMI:

The Directional Movement Indicator said that the +14 DMI line has decreased today as compared to yesterday and the -14 DMI line has increased. The +14 DAI and -14 DMI lines seem to cross each other and go into diversion which is not a good sign.

4. Candlestick: Nepse has made a dozy candlestick today which indicates uncertainty in the market.

5. Cumulative AD line:

NEPSE Update: February 10, 2022

The cumulative AD line has come down from yesterday-2114 to -2219. The total volume of Nepse stood at 6,081,777 which is 59 percent of the 21-day moving average volume (10,392,136.52).

Today, Nepse is held between the middle and lower bands, which seems to be unable to determine the direction of the market. The MACD line is above the zero line and the signal line is also above the zero line while the histogram is at 16.92. The MACD line can be seen below the signal line and the selling seems to have increased.

The -14 DMI line has increased while the +14 DMI line and ADX line have decreased. Which indicates an increase in selling momentum in the market. RSI today fell from 51.42 to 50.04 which indicates a slight decline in RSI momentum.

The nearest support to the next day of Nepse seems to be the area of ​​lower band 2760, the nearest obstruction of Nepse is the area of ​​2925 and 2967 (upper band). If the market corrects in a few days, it seems that the lower band can take support in the area.

Source: laltin.com

NEPSE Feb 9: Low turnover with a fall of 22 points

On Wednesday, Nepse fell by 22.11 points (fell 0.78%) to 2813.47. Of the 223 companies traded, 20 rose, 165 declined and 6 remained unchanged.

Of the thirteen subgroups traded, the share prices of all subgroups have declined.

Market capitalization has declined to Rs. 3 trillion and 97 billion.

Top transactions

Technical Analysis

NEPSE Update: February 9, 2022

Technical Analysis Indicators

1. Bollinger Bands:

Analysis shows that the difference between the upper and lower band of Bollinger Bands has decreased (today's difference: 206.77) which indicates that the volatility in the market has decreased today. The market today closed between the middle band (2863.88) and the lower band (2760.49).

2. Moving Average Convergence Divergence:

Moving Average Convergence Divergence analysis shows that the MACD line and the signal line are above the zero line. The histogram is at 15.13. The MACD line has come down from (43.66) points to (37.75) points. The signal line has decreased. The MACD line and the signal line appear to have diverted.

3. Directional Movement:

Directional movement indicator has increased by -14 DMI. The ADX line and the +14 DMI line have decreased. Which indicates an increase in selling momentum in the market.

4. Candlesticks: Today, Nepse has created the Bearish Maraboju Candlestick, which signifies Bearish market trend.

5. Cumulative AD line:

NEPSE Update: February 9, 2022

The cumulative AD line has come down from yesterday, 1969 to 2114. The total volume of Nepse stood at 5,663,334 which is 53 percent of the 21-day moving average volume (10,606,403.90).

Today, Nepse is held between the middle and lower bands, which seems to be unable to determine the direction of the market. The MACD line is above the zero line and the signal line is also above the zero line while the histogram is at 15.13. The MACD line can be seen below the signal line and the selling seems to have increased.

The -14 DMI line has increased while the +14 DMI line and ADX line have decreased which indicates an increase in selling momentum in the market. The RSI today fell to 51.42 from 53.97, indicating a slight decline in RSI momentum.

The nearest support to the next day of Nepse seems to be the area of ​​lower band 2760, the nearest obstruction of Nepse is the area of ​​2925 and 2967 (upper band). If the market corrects in a few days, it seems that the lower band can take support in the area.

Source: laltin.com

Even after the election announcement, investors are still reluctant in the stock market

On Tuesday, Nepse fell by 16.30 points (fell 0.58%) and reached to 2835.58. Out of 230 scrips traded, 40 companies have risen, 140 companies have declined and 11 companies have remained stable.

Out of the 13 sub-groups traded, share prices of 5 sub-groups have risen and share prices of 8 sub-groups have declined.

Market capitalization has declined to Rs. 4 trillion 07 billion.

Top transactions

Technical Analysis

Technical Analysis Indicators

1. Bollinger Bands:

Analysis shows that the difference between the upper and lower band of Bollinger Bands has decreased (today's difference: 203.59) which indicates that the volatility in the market has decreased today. The market is closing below the middle band (2864.80) today which shows that the market can test the lower band.

2. Moving Average Convergence Divergence:

Moving Average Convergence Divergence analysis shows that the MACD line and the signal line are above the zero line. The histogram is at 13.06 digits. The MACD line has come down from 48.57 points to 43.57 points. The signal line has decreased. Both the MACD line and the signal line seem to be moving downwards, which means that the market may see a correction or sideways move in a few days.

3. Directional Movement:

The Directional Movement Indicator shows an increase of +14 DMI line, a decrease of -14 DMI line and at the same time ADX line has increased by a small number. If both +14 DMI line and ADX line go upwards, then the market is understood to be positive.

4. Candlestick: 

Nepse has made a red body candlestick today which shows that the seller dominated the market today.

5. Cumulative AD Line: 

The cumulative AD line has been reduced from 1869 to 1969. The total volume of Nepse stood at 10,649,710 which is 97 percent of the 21 day moving average volume (10,928,416.62).

Nepse has closed below the middle band today. Which seems to have increased the selling pressure in the market. The MACD line is above the zero line and the signal line is also above the zero line while the histogram is at 13.00. According to MACD, there seems to be a selling momentum in the market.

The +14 DMI line has increased, the ADX line seems to have increased by a few points, while the १४ -14 DMI line has decreased. The RSI today fell from 55.87 to 53.97, indicating a slight decline in RSI momentum.

Nepse seems to have an area of ​​support 2820 near the next day and another support lower band is 2763. The area closest to Nepse seems to be the area of ​​2920.

Source: laltin.com

NEPSE Feb 7: Double digit increase but decline in transaction amount persists

On Monday, the NEPSE index rose by 15.69 points ( increased by 0.55%) to 2851.86. Of the 224 scrips traded, 105 rose, 70 declined and 15 remained unchanged.

Out of the 13 sub-groups traded, share prices of 10 sub-groups have risen and share prices of 3 sub-groups have declined.

The market capitalization has increased to Rs. 4 trillion 30 billion.

Top Transactions

Technical Analysis

NEPSE Update: February 7, 2022

Technical Analysis Indicators

1. Bollinger Bands:

The analysis shows that the difference between the upper and lower bands of the Bollinger Bands has decreased (today's difference: 213.9) which indicates that the volatility in the market has decreased today. The market closed below the middle band (2857.82) today, which indicates that the market could test the lower band.

2. Moving Average Convergence Divergence:

Moving Average Convergence Divergence analysis shows that the MACD line and the signal line are above the zero line. The histogram is at 11.70. The MACD line has come down from 51.89 points to 48.16 points. The signal line has decreased. Both the MACD line and the signal line seem to be moving downwards which means that the market may see a correction or sideways move in a few days.

3. Directional movement:

The Directional Movement Indicator has shown a decrease of +14 DMI line, while the -14 DMI line has also decreased by a small number and at the same time the ADX line has decreased by a small number. Which seems to be a correction in the market in a few days.

4. Candlestick:

Nepse has made a greenbody candlestick today which indicates uncertainty.

5. Cumulative AD Line:

The cumulative AD line has increased from 1904 to 1869. The total volume of Nepse stood at 8,548,647 which is 77 percent of the 21-day moving average volume (11,038,786.43).

Nepse has closed below the middle band today. The market seems to have broken the support area of ​​the middle band. The MACD line is above the zero line and the signal line is also above the zero line. The histogram is at 11.58. The MACD line appears to have crushed the signal line and gone down. If the MACD line crosses the signal line and goes upwards, it shows a positive signal and if it stays consolidated in the same area, Nepse may go sideways or down for a few days. +14 DMI line has decreased ADX line and ‍-14 DMI line has also decreased. RSI today rose from 54.42 to 55.85 which indicates a slight increase in RSI momentum. The closest support for the next day of Nepse seems to be the area of ​​2760. The closest obstruction of Nepse seems to be the area of ​​2862 (middle band) and the area of ​​2930.

Source: laltin.com

Tax Crypto, Release Ban oh! Government

Hello Government ! Please regulate cryptocurrency and make arrangements for Nepali to stay in Nepal by levying 30% tax like India! Otherwise, the Nepalese will go to the Gulf, India and other countries and pay taxes to that country. If you want to change the face of the country now, implement crypto and blockchain system. If you do not have the knowledge, hire a team of experts on how to regulate. Why is the government spending the country's coffers by forming a team to execute the poor who have made a living using crypto-technology?

How did the world get from paper money to cryptocurrency? To understand this we have to turn the pages of history. Money has been invented to facilitate human life by replacing the barter system. Coins and precious metals were used in the early days of currency. The circulation of paper notes is found to be prevalent after the circulation of coins became impractical.

Among the various forms of currency are coins, paper notes and debit / credit cards also known as plastic currency. Currently, the use, importance and interest of digital currency to replace plastic currency seems to be increasing.

So let's look back at the history of money. Looking at the history of paper money, it can be seen that paper notes were introduced by Kublai Khan in China around 13th century. Which was taken as a state tender as well as legal tender. Looking at the history of plastic currency, it became popular around the world around 1966 when Visa and MasterCard started issuing debit / credit cards. Its use has spread worldwide as it is easier and safer to carry than paper notes and can be paid in different currencies with one card and secure transactions can be done through PIN.

Digital currency is not physically visible and is used from the Internet instead of paper notes. It can be called Electronic Money (E-Money). It should also be recognized by the Central Monetary Authority. In China, for example, e-CNY (Electric Chinese Yuan) was released in 2020. E-Money has also started in Japan in 2021.

Thus, before going into the subject of currency, it is important to know about the function of currency. The functions of currency are as follows:

1. Medium of Exchange

2. Unit of Account to measure Economics Value

3. Store of Value

So what we can understand from this is that the use of the form of money that can do the above mentioned tasks easily and efficiently will obviously become popular overtime. Because in today's age of global village and global mobility, its use is determined by the user's psychology rather than the need for a currency regulatory body.

How is the use of money changing in our daily life?

Nowadays, if we sit in the restaurant with family, relatives and friends, the bill will come to our table to pay for it. Then we don't touch the wallet in our pocket nowadays but instead we open the apps in the mobile and the employee of the restaurant says bring QR Code, we scan or request to swap and transfer account from debit / credit card to POS machine. What we can understand from this is that now the society is moving towards digitalization.

What is Digital, Crypto / Virtual Currency?

Digital Currency - Controlled by the Central Bank or Monetary Authority. It's just an electronic currency. As the European Central Bank defines every digital currency as a virtual currency, the difference between digital and crypto virtual currency is recognized by the state.

Who controls the crypto currency and who mines it is unknown. This is a kind of digital Currency. Online Ledger is used to secure the purchase of goods and services via internet. Instead of going to the bank, it can be traded and collected from Distributed Ledger (Block Chain) at home. With Cryptographic Signature being a distributor in transaction record, register and block Chain, one can also buy or sell a mutual transaction between crypto currency holders.

Bitcoin is a form of Crypto Currency, but there are other investing Crypto Currencies like Bitcoin. Such as Cosmos (ATOM), Dogecoin (DOGE), Ethereum (ETH), Corm pound (COMP) Palk dot (DOT) etc. However, most countries in the world consider such currency transactions illegal. Nepal is one of them.

What is CBDC (Center Bank Digital Currency)?

CBDC is also known as Fiat Currency or Digital Base Currency. Such currency is issued in digital form by the State or State Controlled Central Bank as Electronic Currency on Block Chain Basis. Legal Tender The main feature of this currency is that it is legal tender which does not exist in case of crypto. The Bank for International Settlement (BIS) has also started a study along with 84 percent of central banks in the world thinking about CBDC idea. Among these, China launched Digital RMD in 2020, and Nigeria launched Digital Currency in 2021.

The following are some of the advantages and disadvantages of CBDC.

Benefits:

Technical efficiency

Low risk

Less complicated

Zero transaction fee

Financial inclusion

Tax collection

Financial security

Fights crime

Shows illegal activity

Disadvantages:

Banking system disintegration

Centralization

Difficulties in currency exchange between countries

Difficulties in money supply of the central economy

It is said that technology cannot be limited within any perimeter. Now that the world has entered into crypto culture and digital cash, it seems that regulation and control of the state and regulatory body is more important than controlling this momentum.

While the IMF, the European Central Bank, and Basel have acknowledged that there is no alternative to digital currency, China and Japan, the world's largest economies, have also issued the Central Bank Digital Currency (CBDC). Neighboring India recently announced that it would issue Central Bank Digital Currency (CBDC) through its central budget next year and impose 30 percent tax on assets earned from Cryptocurrency. By this declaration, India has given silent approval to crypto investments.

Various unofficial statistics have shown that cryptocurrency transactions are increasing day by day in Nepal as well. Singapore's crypto payment gateway 'Triple A' has recently released a new report on cryptocurrency users around the world. According to the report, 1.45 percent of the total population of Nepal has invested in cryptocurrency. The number of people investing in cryptocurrency in Nepal is around 424,000. It is also said that big businessmen and high ranking officials of Nepal have also invested in it. Therefore, the Government of Nepal and the regulatory body have to show interest and concern in this regard.

Technology is always like a double-edged sword. The society and the state can control the economy if it is properly utilized or controlled in time. Is it possible to be a part of the world economy without creating a technology-friendly environment? It is our obligation and justification to follow the changes that have taken place in the neighboring countries. Because of the open borders and the balance of payments in the inter-country trade between India and Nepal, the Central Bank Digital Currency (CBDC) seems indispensable.

Shock to the Life Insurance Investors! NEPSE started with a decline today

 

On Sunday, the NEPSE index fell by 40.57 points ( fell by 1.41% ) to 2836.17. Of the 228 scrips traded, 13 rose, 175 declined and 3  remained unchanged.

Of the 13 sub-groups traded, share prices of all 13 sub-groups declined.

Market capitalization has declined to Rs. 4 trillion 8 billion.

Top transactions

Technical Analysis

NEPSE Daily Update: February 6, 2022

Technical Analysis Indicators

1. Bollinger Bands:

The analysis shows that the difference between the upper and lower bands of the Bollinger Bands has decreased (today's difference: 235.16) which indicates that the volatility in the market has decreased today. The market closed below the middle band (2857.82) today, which indicates that the market could test the lower band.

2. Moving Average Convergence Divergence

Moving Average Convergence Divergence analysis shows that the MACD line and the signal line are above the zero line. The histogram is at 11.12. The MACD line has come down from 57.32 points to 51.89 points. The signal line is seen to be reduced. Both the MACD line and the signal line seem to be moving downwards, which means that the market may see a correction or sideways move in a few days.

3. Directional movement

The Directional Movement Indicator showed that the +14 DMI line has decreased while the -14 DMI line has increased and at the same time the ADX line has decreased by a small number. Which seems to be a correction in the market in a few days.

4. Candlestick:

In Nepse today, Bearish Maraboju is the type of  candlestick which indicates Bearish market.

5. Cumulative AD Line:

The cumulative AD line has been reduced from yesterday 1742 to 1904. The total volume of Nepse stood at 9,396,131 which is 86 percent of the 21-day moving average volume (10,940,516.33).

Nepse has closed below the middle band today, which seems to have increased the selling in the market. The MACD line is above the zero line and the signal line is also above the zero line while the histogram is at 10.89. The MACD line can be seen below the signal line and the selling seems to have increased. The ‍-14 DMI line has increased while the +14 DMI line and ADX line have decreased which indicates an increase in selling momentum in the market. RSI today fell from 59.01 to 54.42 which indicates a slight decline in RSI momentum.

Support near the next day of Nepse seems to be the area of ​​the lower band 2760, the nearest barrier of Nepse is the area of ​​2925 and 2972 ​​(upper band). If the market corrects in a few days, it seems that the lower band can take support in the area.

Source: laltin.com