Stocks retained in F&O ban: Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, RBL Bank, SAIL
Stocks removed from F&O ban: Metropolis Healthcare, PVR INOX
Market wrap up(DWM,T,N,E):The Nifty 50 took a breather after a significant rally, making a negative start to the week on December 16. The index closed below 24,700 but still held above the falling resistance trendline as well as above all key moving averages. Therefore, it may consolidate further in the upcoming sessions, with support at 24,500, according to experts. On the higher side, sustaining above 24,700 will be crucial for an upward move towards 25,000, while the “buy on dips” strategy remains intact. The Nifty 50 formed a bearish candlestick pattern with upper and lower shadows on the daily timeframe, indicating volatile trade. However, the index still traded above all key moving averages and in the upper band of the Bollinger Bands. It also took support at the downward-sloping resistance trendline, but it needs to break into the upper band of the Bollinger Bands on the weekly timeframe to confirm a strong upward trend. The Bank Nifty formed a small green candle with upper and lower shadows on the daily charts, indicating volatility. The index remained above all key moving averages, with a higher high-higher low formation. On the weekly scale, it traded near the upper end of the Bollinger Bands, which is a positive sign.
