Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Biocon, RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Central Depository Services, HUDCO, Manappuram Finance
Market wrap up(DWM,T,N,E):The Nifty 50 gained solid strength on June 20 after a three-day consolidation and rallied 1.29 percent, reviving weak sentiment alongside a falling VIX. Despite the recovery, the index remains within the broad range of 24,450–25,200 for several weeks now. As long as the index trades below 25,200, and geopolitical tensions in the Middle East—which influence oil prices—persist, consolidation and mild correction within a range-bound setup may continue. Key support levels remain at 24,700, followed by the 24,500–24,450 zone, which is also where the 50-day EMA is placed, according to experts. A fall below this crucial support zone may trigger a forceful attack from bears, while a decisive and sustainable close above 25,200 can open the door for strong bullish action.he Nifty 50 formed a long bullish candle on the daily chart after Doji-like candles in the previous two sessions, supported by above-average volumes. The index also climbed above short-term moving averages. On the weekly timeframe, it also formed a bullish candle, but the RSI at 60.81 remained sideways, signaling a lack of directional bias. Additionally, the Average Directional Index (ADX)—a measure of trend strength—stood at 13.32, its lowest level since July 2024, indicating weak trend momentum in either direction. Moreover, the Bollinger Bands on the daily chart have contracted significantly. This formation typically occurs when volatility drops to low levels and the price trades within compressed bands, often preceding a sharp breakout or breakdown, according to experts.
