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.
