Stocks retained in F&O ban: PG Electroplast, RBL Bank
Stocks removed from F&O ban: Titagarh Rail Systems
Market wrap up(DWM,T,N,E):The Nifty 50 sustained its upward journey for the sixth consecutive day, despite profit booking at higher levels, rising 33 points amid rangebound trading on August 21. The index continued to defend the 25,000 zone and traded near the upper line of the Bollinger Bands, signaling a positive trend. A consistent bullish bias helped the index move closer to 25,160 (the 61.8% Fibonacci retracement level of the 25,669–24,337 decline), but it failed to sustain that level. This is expected to remain an immediate hurdle in the upcoming session. Above this, 25,250 becomes a crucial target to watch. Until then, the index is likely to consolidate with support at 25,000, according to experts. The Nifty 50 formed a bearish candle due to profit booking at higher levels, but it continued the pattern of higher highs and higher lows on the daily charts. The bullish bias remains intact, as the index stayed above the 50% Fibonacci retracement level and all key moving averages. The 10-, 20-, 50-, and 100-day EMAs trended upward, while the histogram turned further strong. The MACD continued inching closer to the zero line with a sustained bullish crossover, and the RSI climbed to 57.88. The Bank Nifty also formed a bearish candle on the daily charts but managed to defend the previous day’s low. The index continued to hover around the 20- and 50-day EMAs, and the midline of the Bollinger Bands, for the fourth consecutive session, while also staying above the 10-day EMA, which has been trending upward during the same period. The RSI, at 48.16, remained sideways after the recent rally, while the histogram showed a positive bias for the third straight session, with a bullish crossover in the MACD. This indicates a potential base-building phase with positive undertone.
