Stocks removed from F&O ban: Aditya Birla Fashion and Retail, Titagarh Rail Systems
Market wrap up(DWM,T,N,E):The Nifty 50 reversed some of Friday’s gains and closed 0.6 percent lower on June 23. The index remained within the previous day’s range, indicating indecision among bulls and bears, and suggesting consolidation. In the upcoming sessions, the index is expected to remain in the range of 24,800–25,100 until it gives a decisive close on either side. Above 25,100, the level to watch is 25,200, as sustaining above it could open the door for a bullish trend. However, below 24,800, the immediate support is at 24,700, and a break below this level could drag the index toward 24,500, according to experts. he Nifty 50 formed a small bullish candle with long upper and lower shadows, resembling a high wave candlestick pattern on the daily charts—indicating volatility and indecision among buyers and sellers. Trading volume was significantly lower than the previous day’s trade, while the index remained above short-term moving averages and the midline of the Bollinger Bands, which is considered a positive sign. The Relative Strength Index (RSI) at 55.07 remained sideways, while the Stochastic RSI maintained a positive crossover.
