Sunday, September 7, 2014

Is Nepse's History Repeating - View on Bearish run.

A brief history of NEPSE Index so that we can make some analogies to the present market scenario:
20th DEC 2007- 1055.73
24th MARCH 2008- 704.5(Correction before completing the bull, difference of 351.23(-33.26%)


1st SEPT 2008- 1134.39(Historic high)
This was less than a year time and then market followed a reversal dipping as much as 300.13, 28th MARCH 2012.


It is following a similar trend this time:
22th JULY 2014- 1077.65
7th SEPT 2014- 875.56(-18.75% Today)

My opinion: I believe there is no reason to panic and the market will breach the previous and make another historic high this year. I am on a hold position and also best time to add good scrip on a discount. Happy Investing. -
Mr. Sudhanshu Corléoné

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