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.
