Stocks retained in F&O ban: Angel One, HFCL, Oracle Financial Services Software, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 staged a healthy rally on September 16, rising 170 points and negating the lower high–lower low structure after taking a breather in the previous session. Bulls gained further strength supported by favourable technical and momentum indicators. According to experts, a decisive close above 25,250—which was tested intraday on Tuesday—could open the door for a rally toward 25,400 and 25,550 in the upcoming sessions. However, any bouts of profit booking are expected to be used as buying opportunities, with immediate support at 25,150, followed by a key support zone in the 25,000–24,850 range. The Nifty 50 formed a long bullish candle on the daily charts and negated lower high–lower low structure, signaling a shift to a positive trend. The index moved closer to the upper band of the Bollinger Bands, while the RSI climbed to 63.84. The MACD also maintained a strong bullish crossover above the zero line, with a widening histogram, all of which indicate strengthening bullish momentum. The Bank Nifty also formed a strong bullish candle on the daily timeframe, backed by above-average volumes. By reclaiming the 50-day EMA, the index is now trading above all key moving averages, as well as above the midline of the Bollinger Bands. The RSI jumped to 55, suggesting growing bullish strength, while the MACD sustained its bullish crossover, with the histogram showing further expansion. All indicators signal continued upward momentum.
