Stocks retained in F&O ban: HFCL, RBL Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained in negative terrain for the third consecutive session, falling 0.1 percent on September 23. However, it managed to defend the short-term moving averages (10-day and 20-day EMAs), which are crucial for determining further direction in the near term. Meanwhile, momentum indicators signal a phase of sideways action. Overall, the index is expected to trade in the 25,000–25,500 range in the near term. A decisive break below 25,000 could widen the selling pressure, whereas a move above the upper range may open the door for a rally toward 25,700, according to experts. The Nifty 50 formed a small bearish candle with upper and lower shadows, resembling a high wave (not a classical one) type of candlestick pattern on the daily timeframe. This indicates volatility and rangebound action. While selling pressure was visible, buying interest helped cut down the losses. The index continued to trade above key moving averages, while the MACD maintained its positive crossover, and the histogram remained above the zero line, although momentum appears to be fading. The RSI dropped to 56.79, reflecting a bearish crossover. All of this indicates a lack of strong directional momentum in the immediate term. The Bank Nifty formed a bullish candle with an upper shadow and a minor lower shadow on the daily charts, signaling a positive trend, although there was some resistance near the 55,670 level for yet another session. The banking index defended its 50-day and 10-day EMAs on a closing basis, supported by above-average volumes. The RSI moved upward, reaching the 57.64 zone, while the MACD maintained its bullish crossover, with the histogram sustaining above the zero line. All of this indicates a positive bias, though some pressure at higher levels persists.
