Stocks retained in F&O ban: RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The ongoing momentum lifted the Nifty 50 above the psychological 25,000 mark on a closing basis, with the index rising 70 points on August 20 and extending its uptrend for the fifth straight session ahead of the weekly F&O expiry. Technical indicators signal a bullish bias, with short-term moving averages turning upward. According to experts, if the index sustains above 25,000—the immediate support level—then 25,170 and 25,250 are the levels to watch on the higher side in the upcoming sessions. On the downside, 24,850 (the low of the bullish breakaway gap day on Monday) is expected to act as crucial support. The Nifty 50 formed a bullish candle and closed above the highs of the previous couple of sessions, along with a breakout from a falling trendline—signalling a continuation of the bullish trend. The 20-day and 50-day EMAs trended upward, while the MACD maintained its bullish crossover and the histogram gained further strength. The RSI jumped to 56.99, indicating the possibility of more upside in the near term. The Bank Nifty continued to underperform the benchmark Nifty 50, falling below its 20-day and 50-day EMAs as well as the midline of the Bollinger Bands, although it managed to defend the 10-day EMA, which remains upward sloping. The index formed a small red candle with a minor upper shadow and a slightly longer lower shadow—almost entirely within the previous day’s green candle—indicating a rangebound session. Further, the MACD retained its positive crossover with continued strength in the histogram. Meanwhile, the RSI stood at 47.29, holding its bullish crossover despite trending slightly downward. These signals point to a cautiously positive bias, albeit with limited momentum.
