Nifty:26186.45/152.7/0.59%;Candle:OGD;Long day green; Bank Nifty:59777.2/488.5/0.82% Candle:OGD;Long day green ; HB:OGD;Long day green;1001;RIL:OGD;Hammer green;1545;TCS:OF;Inverted hammer green;3241;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 extended its uptrend for the second consecutive session, rising six-tenths of a percent on December 5. It climbed above all key moving averages, with a bullish crossover in the momentum indicator, which is positive. Friday’s rally raised hopes for a move toward 26,300 in the upcoming sessions, especially after the bottom formation during the recent fall, which signalled the continuation of the higher high–higher low structure on the larger-degree timeframes. Above this, 26,500 is the level to watch, while support is placed in the 26,000–25,900 zone, according to experts. The Nifty 50 formed a long bullish candle on the daily charts and traded above all key moving averages, signalling a positive bias. The RSI (60.21) and the Stochastic RSI showed a bullish crossover. The MACD inclined upward, though it remained below the reference line, while the weakness in the histogram faded. All this indicates continued bullish momentum and strengthening market sentiment. The Bank Nifty sustained above all key moving averages despite consolidation in the recent past. On Friday, it formed a long green candle on the daily timeframe following a Doji formation, indicating a healthy trend. The RSI climbed to 67.21 and is on the verge of a positive crossover, while the Stochastic RSI turned bullish. The MACD remained below the reference line, but histogram weakness faded. All this indicates building strength and the potential for further upside.
