Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Mahanagar Gas, Punjab National Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 had remained within a 23,000-23,400 range for another week ending January 24, closing Friday as well as the week half a percent down, with the formation of a bearish candlestick pattern. Volatility is likely to increase as the market approaches the monthly F&O expiry and the Union Budget next week. Overall, the trend remains negative. Consolidation is expected, and if the index breaks the lower range, a fall toward 22,800-22,600 could be possible. However, a decisive breakout above 23,400 could drive the index toward the 23,600-24,000 zone, according to experts. The Nifty 50 formed a bearish candlestick pattern with a long upper shadow on the daily charts, indicating a lack of buying interest at higher levels. The index has sustained below all key moving averages (10, 20, 50, 100, and 200-day EMAs), with negative momentum indicators signaling bearish sentiment. However, it has been sustaining above the downward-sloping support trendline for the last three days. he Bank Nifty extended its downtrend for another session, falling half a percent and forming a bearish candlestick pattern with an upper shadow on the daily timeframe, indicating selling pressure at higher levels. The trend remains in favour of bears, as the banking index traded below all key moving averages, and the momentum indicators suggest a negative outlook.
