KATHMANDU: The bearish trend in the stock market is going to continue. According to the technical analysis, the next support for Nepse will come at 427.79 points as it dropped to 443.17 points today. “The liquidity- crunch and low investors’ confidence have pulled the secondary market to a four-year low as the Nepal Stock Exchange (Nepse) index looks down to another support level of 424.03 points,” according to a technical analysis by Securities Research Centre and Services (SRCS). Projected as the taking base of Nepse of March 1, when it was at 497.86 points, the government and Securities Board of Nepal (Sebon) are least concerned about the ‘crash’ in the market. “If the bearish trend continues, the first major support will be at 427.79 points. However, it seems it will cross this level too. The next support level would be at 424.03 points,” the analysis showed. “In such conditions, investors should not panic or overreact by selling shares. Rather, they should hold their stocks and buy,” according to Rabindra Bhattarai, a renowned market analyst. “The free fall if it continues, might land Nepse at 421.99 points soon,” he added.