Stocks retained in F&O ban: Granules India, Hindustan Copper, Metropolis Healthcare, National Aluminium Company, PVR INOX, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 rallied nearly 1 percent after falling 1.5 percent intraday on December 13, closing above the 20-week SMA (Simple Moving Average) and a downward-sloping resistance trendline. Additionally, there was a breakout from a five-day consolidation, which is positive. Hence, as long as the index holds 24,700, a further rally towards the psychological level of 25,000 cannot be ruled out. However, if it sustains below this level, 24,500 can act as immediate support, experts said. The Nifty 50 formed a bullish candlestick pattern with a long lower shadow on the daily charts, indicating strong buying interest from lower levels after taking support around the mid-range of the Bollinger Bands intraday. The index stayed above all key moving averages on both the daily and weekly timeframes, which is a positive sign. Momentum indicators, such as the RSI (Relative Strength Index at 60.37) and MACD (Moving Average Convergence Divergence) above the zero line, showed an upward bias. The Bank Nifty also formed a bullish candlestick pattern with a long lower shadow on the daily timeframe, indicating healthy buying interest at lower levels. The banking index also took support at the mid-range of the Bollinger Bands intraday and climbed above all key moving averages. On the weekly scale, it sustained in the upper band of the Bollinger Bands, which is a positive sign. The index was up 0.7 percent on Friday and 0.14 percent for the week.
