Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Birlasoft, Central Depository Services, Chambal Fertilisers and Chemicals, HUDCO, Indian Renewable Energy Development Agency (IREDA), Manappuram Finance, RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Indian Energy Exchange
Market wrap up(DWM,T,N,E):The Nifty 50 staged a healthy performance on June 16 after a couple of days of correction, rising nearly 1 percent to move closer to the 25,000 zone. The uptrend in global markets, despite ongoing geopolitical tensions, supported the rally. This upward move pushed the index above its short-term moving averages and the midline of the Bollinger Bands, signaling a positive bias. Experts note that as long as the index sustains above 24,800, an upward move toward the 25,000–25,200 zone is possible in the upcoming sessions. However, if it falls below 24,800, support is placed at 24,700, followed by 24,500. The Nifty 50 formed a long bullish candlestick pattern on the daily charts for a second consecutive session, negating the lower tops and bottoms formation of the previous two sessions. It traded above short-term moving averages (10- and 20-day EMAs) and the midline of the Bollinger Bands. The Relative Strength Index (RSI) stood at 55.70, tilting upward, indicating a likely positive crossover.
