Market wrap up(DWM,T,N,E):The Nifty 50 showed a smart recovery after breaking its November low intraday, finishing the final session of the current calendar year moderately higher on December 31. The index defended the upward-sloping support trendline on a closing basis for another session, raising hopes of an upward trend. However, the overall sentiment remains bearish. Experts suggest the index is likely to trade in the range of 23,400–24,000 in the upcoming sessions of the new year. A rally towards 23,900 is possible if the index defends the 23,500 level on a closing basis. Conversely, a decisive close below 23,500 could drive the index down towards 23,300, which marks the November low. The Nifty 50 formed a bullish candlestick pattern on the daily charts, with minor upper and sizeable lower shadows. This indicates a counterattack by bulls following an attempted false downside breakout from the range. Despite this recovery, the index remains below all key moving averages. Furthermore, momentum indicators such as RSI, MACD, and KST continue to show a negative bias, signaling underlying weakness. The Bank Nifty also formed a bullish candlestick pattern on the daily timeframe after a strong recovery from the day’s low. It found support at the 200-day SMA and the low of December 20, raising the possibility of an upward rally. However, the overall sentiment remains bearish. The index is trading below the 10, 20, 50, and 100-day EMAs and within the lower band of Bollinger Bands. Momentum indicators remain in negative territory, adding to the cautious outlook.
Market wrap up(DWM,T,N,E):The Nifty 50 wiped out all of its previous day’s gains and fell below the 200-day EMA (23,700) after rangebound trading over the past four sessions. It closed 168 points down on December 30, marking a negative start to the week. Bearish sentiment prevailed in the market, with all technical indicators in negative territory. Experts suggest that if the index sustains below 23,700, the first downside target would be 23,500, followed by 23,263 (the November low), which is a crucial support level. In the event of a rebound, 23,900–24,000 will act as key resistance levels. The Nifty 50 formed a bearish candlestick pattern with a sizeable upper wick on the daily charts, coupled with above-average volumes. This follows a phase of rangebound trading over the past four sessions, signaling weakness. With the break below the 200-day EMA, the index is now trading beneath all key moving averages, reflecting a negative bias. Momentum indicators such as RSI, MACD, and KST also indicate bearish sentiment. The Bank Nifty also formed a bearish candlestick pattern, characterized by a long upper wick and a small lower shadow on the daily timeframe. This reflects a lack of strength at higher levels. While the index touched all key moving averages intraday, it failed to sustain above those levels and closed in the lower band of Bollinger Bands. Negative momentum indicators further highlight the weakness. The index fell by 359 points on Monday.
Market wrap up(DWM,T,N,E):The Nifty 50 gained some strength amid rangebound trading, rising by a third of a percent on December 27. However, it remained within the broader trading range of the 200-day SMA (23,862) and the 200-day EMA (23,694) on a closing basis for the fourth consecutive session. Experts anticipate that rangebound trading may continue in the upcoming sessions amid low trading volumes. Nevertheless, the declining VIX could provide support for the bulls. If the index decisively surpasses and sustains above the 200-day SMA, a rally towards 24,000–24,200 is possible. Conversely, if it falls below the 200-day EMA, the decline may extend to 23,500 (the low of December 20, The Nifty 50 formed a small bullish candle with a long upper shadow on the daily charts, indicating a lack of strength at higher levels. Overall, the sentiment is expected to remain bearish as the index is still significantly below the 10, 20, 50, and 100-day EMAs and remains within the lower band of the Bollinger Bands. The momentum indicators—RSI (Relative Strength Index at 40.7), MACD (Moving Average Convergence Divergence, below the zero line), and KST (Know Sure Thing, showing a negative crossover)—all point to continued weakness. The Bank Nifty exhibited similar behaviour to the Nifty 50, forming a small green candle with a long upper wick, indicating selling pressure at higher levels. The index failed to close above the 100-day EMA for another session, reinforcing the notion of a strong hurdle on the upside. Additionally, it remained below the 10, 20, 50, and 100-day EMAs as well as the lower band of the Bollinger Bands. Momentum indicators such as RSI (at 42), MACD (below the zero line), and KST (negative crossover) signal continued weakness in the index.
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: RBL Bank
Market wrap up(DWM,T,N,E):The Nifty 50 closed the rangebound trade on a flat note, rising 0.1 percent on December 26, the expiry session for monthly Futures & Options contracts. The upside has been capped at the 23,850 level (which coincides with the 200-day SMA) and the downside at the 23,650-23,700 zone (which somewhat coincides with the 200-day EMA) for the third consecutive session. The breaking of this trading range on either side can give firm direction to the index, with 24,000 being the next target on the higher side and 23,500 being the support on the lower side, experts said. The Nifty 50 continued to form an inside bar kind of pattern on the daily charts for the third straight session, indicating rangebound trading. The index remained below the 10, 20, 50, and 100-day EMAs (Exponential Moving Averages) (though it sustained a tad above the 200-day EMA), indicating bearish sentiment. The momentum indicator RSI (Relative Strength Index at 38.8) and MACD (Moving Average Convergence Divergence) falling below the zero line indicated negative bias. The Bank Nifty formed a bearish candlestick pattern with sizeable upper and lower shadows on the daily charts, indicating volatility and being rangebound, though it made an attempt to cross the 100-day EMA intraday. Overall, the sentiment remains bearish given the index trading below 10, 20, 50, and 100-day EMAs. Also, the RSI (at 40) and MACD dropped further below the zero line, showing a negative bias.
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: RBL Bank
Stocks removed from F&O ban: Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance
Market wrap up(DWM,T,N,E):The market remained within the previous day’s range on December 24, closing 0.1 percent down ahead of the monthly F&O expiry due on December 26. However, it defended the 200-day EMA (23,700) for another session, while the VIX fell sharply this week. Additionally, the index stayed within the broad range of 23,500-24,000 from last Friday (key support and resistance levels). A decisive breach on either side could determine the future market direction. Until then, consolidation may continue. A break below 23,500 could lead to a test of the November low (23,263), while a move above 24,000 could encounter resistance at 24,300, according to experts The Nifty 50 formed an Inside Bar pattern on the daily charts for another session, signaling caution. The index remained below the 10, 20, 50, and 100-day EMAs (Exponential Moving Averages), which is a negative sign, though it remains slightly above the 200-day EMA. The momentum indicator RSI (Relative Strength Index) at 38 remained in the lower band, and the MACD (Moving Average Convergence Divergence) continued to stay below the zero line, maintaining a negative bias. The Bank Nifty also formed an Inside Bar pattern on the daily timeframe for another session, staying within the previous Friday’s broad range of 1,000 points (50,600-51,600). Furthermore, the index remained below all key moving averages, except for the 200-day EMA. The momentum indicator RSI (at 40.6) stayed in the lower band, and the MACD slipped further below the zero line, signaling a negative outlook. The index was down 0.16 percent.
Stocks retained in F&O ban: Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: SAIL
Market wrap up(DWM,T,N,E):The market bounced back, rising by seven-tenths of a percent on December 23 after a sell-off throughout the previous week. The Nifty 50 climbed above the 200-day EMA (23,700), which is crucial for its further upward journey. However, the momentum indicator, MACD (Moving Average Convergence Divergence), showed a negative bias on both the daily and weekly charts. On the upside, the index may face resistance at 23,850, followed by 24,000, which is a key resistance level. On the downside, 23,700 is expected to be immediate support, followed by 23,550 (near last week’s low), according to experts. The Nifty 50 formed a Doji-like and Inside Bar candlestick pattern on the daily charts, indicating indecision among buyers and sellers. The momentum indicator RSI (Relative Strength Index) stood at 38.6, remaining in the lower band, which is a negative sign. Furthermore, the index is still below all key moving averages (10, 20, 50, and 100-day EMAs), although it is slightly above the 200-day EMA. The Bank Nifty outperformed the benchmark Nifty 50 and formed a bullish candlestick pattern resembling a Bullish Harami, which is a trend reversal pattern. However, the sentiment remains bearish as the banking index is trading below all key moving averages (except for the 200-day EMA) and below the 50% Fibonacci retracement level (from the November low to the December high).
Stocks retained in F&O ban: Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance, SAIL
Stocks removed from F&O ban: NMDC, PVR INOX
Market wrap up(DWM,T,N,E):The market has seen a downward trend throughout last week, falling 1.5 percent on December 20 and losing 4.8 percent for the week. Sentiment turned significantly bearish, with the Nifty 50 falling below the 200-day EMA (23,700) on a closing basis, accompanied by a negative bias in momentum indicators. Hence, if the index sustains below 23,700, the November low (23,263) cannot be ruled out in the upcoming sessions. However, in the event of a bounce-back, the first hurdle is expected to be at 23,900, followed by 24,065, which is seen as a key resistance zone, according to experts. The Nifty 50 formed a long bearish candlestick pattern on the daily charts, with above-average volumes. Following Friday’s fall, the index is now trading below all key moving averages, with the 200-day EMA being the last one broken on Friday. Furthermore, the index is trading below the lower band of the Bollinger Bands, while the momentum indicators—RSI (Relative Strength Index) at 34 and MACD (Moving Average Convergence Divergence) dropping below the zero line with a negative crossover—are all signaling weakness. The Bank Nifty also corrected throughout the week, forming a large bearish candlestick pattern on the daily timeframe with lower highs and lower lows for the fourth consecutive session. The banking index is also trading below the lower band of the Bollinger Bands and is 324 points away from the 200-day EMA (50,435), while it is already below the 10, 20, 50, and 100-day EMAs. The RSI has dropped to 35, and the MACD is near the zero line with a negative bias. All of these indicators point to weakness. The index fell 1.6 percent on Friday, with above-average volumes, and lost 5.3 percent for the week.
Stocks retained in F&O ban: Bandhan Bank, Granules India, Hindustan Copper, Manappuram Finance, NMDC, PVR INOX, SAIL
Stocks removed from F&O ban: Chambal Fertilisers and Chemicals, National Aluminium Company, RBL Bank
Market wrap up(DWM,T,N,E):The market continued to reel under pressure for the fourth consecutive session on December 19, falling by 1 percent after the Federal Reserve indicated only two interest rate cuts for 2025. Amid the decline, the Nifty 50 managed to defend 23,900 on a closing basis. As long as the index stays above this level amid likely consolidation, 24,050 (50% Fibonacci retracement) is the immediate hurdle, followed by 24,350 (which coincides with the 10, 20, and 100 DEMA) as the key resistance going forward. However, in case of further declines, 23,700 (200-day EMA) can’t be ruled out, according to experts. The Nifty 50 formed a bullish candlestick pattern with a minor upper shadow on the daily charts, as the closing was higher than the opening levels. It is trading near the lower end of the Bollinger Bands. The index is now below all key moving averages (except the 200-day EMA), while the momentum indicators RSI (Relative Strength Index at 40) and MACD (Moving Average Convergence Divergence) showed a negative crossover, indicating weakness. The Bank Nifty also moved closer to the lower band of the Bollinger Bands on Thursday, forming a bullish candlestick pattern with both upper and lower shadows on the daily timeframe, indicating volatility. The banking index traded below all key moving averages (except the 200-day EMA), while there was a negative crossover by the momentum indicators RSI and MACD, signaling weakness. The index declined by 1 percent.
Stocks retained in F&O ban: Bandhan Bank, Chambal Fertilisers and Chemicals, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, PVR INOX, RBL Bank, SAIL
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):Bears maintained their control over Dalal Street, dragging the benchmark Nifty down for the third consecutive session on December 18. The index declined by more than half a percent, falling below all key moving averages as well as the midline of the Bollinger bands, signaling weakness. The weekly PCR (Put-Call Ratio) reached 0.55, its lowest-ever level, indicating oversold conditions. On the levels front, if the index holds 24,150, a rally towards 24,500 can’t be ruled out. However, if it falls below that level, the 24,000-23,900 zone is the one to watch. The Nifty 50 formed a bearish candlestick pattern with an upper shadow on the daily charts, indicating selling pressure at higher levels. The index maintained a lower high-lower low formation for the second consecutive session, while the momentum indicator RSI (Relative Strength Index at 45.18) reported a negative crossover. On the weekly scale, the index formed a long bearish candlestick pattern, falling 2.3 percent so far and remaining below the midline of the Bollinger bands. The Bank Nifty also maintained a lower tops-lower bottoms formation for another session, forming a long bearish candlestick pattern on the daily timeframe. The index dropped below the 10, 20, and 50-day EMAs, as well as the midline of the Bollinger bands, with negative crossovers in the momentum indicators RSI and MACD (Moving Average Convergence Divergence), which is a negative sign. The index was down 1.32 percent on Wednesday and 2.7 percent for the week.
Stocks added to F&O ban: Bandhan Bank, Chambal Fertilisers and Chemicals, PVR INOX
Stocks retained in F&O ban: Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, RBL Bank, SAIL
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 recorded a 1.35 percent loss on December 17, extending its downtrend for the second consecutive session, with selling pressure across key sectors ahead of the Fed meeting outcome due on December 18. The index fell below all key moving averages (except for the 200-day exponential moving average), signaling weakness. If the index fails to defend the 24,200-24,000 zone, the bears may gain more strength. However, defending this level on a closing basis could increase the possibility of the index moving towards 24,700, the crucial hurdle on the higher side, experts said. The Nifty 50 reported a long bearish candlestick pattern on the daily timeframe, falling below the 10-, 20-, 50-, and 100-day EMAs in a single session and touching the midline of the Bollinger Bands. Additionally, there was a lower high-lower low formation and a negative crossover in the momentum indicator RSI (Relative Strength Index), signaling weakness. The Bank Nifty also formed a long red candle on the daily charts with a lower high-lower low formation, falling below the 10-day EMA but taking support at the 20-day EMA (52,757). The momentum indicator RSI showed a negative crossover, but the index still traded in the upper band of the Bollinger Bands on both the daily and weekly charts.
