Stocks added to F&O ban: Oracle Financial Services Software
Stocks retained in F&O ban: RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50’s seven-day winning streak helped the index close above the 25,000 mark for the first time in the last three weeks, while also defending the previous day’s low of 24,900 on September 11. The breakout above the falling resistance trendline, bullish crossover in momentum indicators, and rising short-term moving averages all signal a positive trend ahead. According to experts, sustaining above the 25,000 level in upcoming sessions is crucial for an uptrend toward the immediate hurdle at the 25,200–25,250 zone, followed by 25,500. On the downside, the immediate key support is placed at 24,900–24,800 levels. The Nifty 50 formed a bullish candle with a minor upper shadow within the previous day’s range on the daily charts, indicating positive bias amid rangebound trading. The 10-day EMA has crossed above both the 20-day and 50-day EMAs, with an expansion in the upper Bollinger Bands. The Relative Strength Index (RSI) climbed to 57.79 with a positive crossover. The MACD showed a bullish crossover, rising above the red signal line, while the histogram gained strength. All these indicators point toward continued bullish momentum. The Bank Nifty also formed a bullish candle with a minor upper shadow on the daily timeframe and surpassed the 20-day EMA, signaling growing strength. The index continued to hold above the 10-day EMA, which remains in an upward trend. The RSI rose further to 47.42 with a positive crossover. The MACD maintained a bullish crossover, although it remains below the zero line, while the histogram showed further gains. Together, these developments indicate a strengthening trend in the Bank Nifty.
