Stocks retained in F&O ban: Indian Energy Exchange, RBL Bank
Stocks removed from F&O ban: Bandhan Bank
Market wrap up(DWM,T,N,E):The Nifty 50 shed its previous day’s gains and finished 0.63 percent lower on July 24, the weekly F&O expiry session. The bearish pattern formation and failure to hold above short-term moving averages signaled a possible continuation of consolidation in the upcoming sessions. According to experts, the Nifty needs to surpass and sustain above the 25,250 hurdle for an upmove toward 25,350, and then 25,550. However, below this level, the consolidation may continue, with immediate support in the 25,000–24,900 zone. The Nifty 50 formed a Bearish Engulfing candlestick pattern on the daily timeframe, accompanied by above-average volumes. The index dropped below short-term moving averages (10-day and 20-day EMAs) and has sustained in the lower band of the Bollinger Bands for the past 10 sessions. The RSI failed to give a bullish crossover, while the Stochastic RSI maintained a positive crossover, and the MACD histogram showed consistent improvement. This indicates a mixed setup, with a bias toward continued consolidation unless strong upward momentum emerges. The Bank Nifty performed better than the benchmark Nifty 50, falling only 0.25 percent. The index sustained above the midline of the Bollinger Bands and short-term moving averages, although it formed a bearish candle with a lower shadow on the daily chart, accompanied by above-average volumes. The RSI at 54.69 showed a negative crossover, while the Stochastic RSI maintained a bullish crossover, and the MACD histogram showed further improvement. This indicates a more resilient structure in Bank Nifty compared to Nifty 50, with possible consolidation or mild upward bias.
