Stocks retained in F&O ban: Bandhan Bank, Indian Energy Exchange, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):After a day of minor profit booking, the Nifty 50 staged a six-tenths of a percent rally on July 23 and closed above short-term moving averages as well as a falling resistance trendline, continuing its formation of higher highs and higher lows. Hence, going forward, 25,250 is expected to be a crucial zone to watch. If the index climbs and sustains above this level, an upward move toward 25,350–25,400 is possible in the upcoming sessions. However, if it fails to do so, consolidation and range-bound trading may continue, with support at 25,100–25,000, experts said. The Nifty 50 formed a bullish candle on the daily timeframe while defending the previous day’s low for the third consecutive session. The index clawed back above the short-term moving averages (10- and 20-day EMAs), which is positive. The MACD histogram showed further improvement, and the RSI at 52.29 is on the verge of a positive crossover. The Stochastic RSI sustained its bullish crossover.
