Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Central Depository Services, Chambal Fertilisers and Chemicals, Hindustan Copper, Indian Energy Exchange, Indian Renewable Energy Development Agency (IREDA), RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market fell 1 percent on June 12 due to profit booking after three days of consolidation, snapping a six-day winning streak. Despite the sharp fall, the index still holds above the 20-day EMA, which remains crucial for the next move. However, momentum indicators have shown a negative crossover. The index decisively broke below the psychological 25,000 mark but found support at 24,800. If the index breaks below this support, a decline toward 24,670—the low of June 6—cannot be ruled out in the upcoming sessions. On the upside, 25,000 is expected to act as an immediate hurdle, according to experts. The Nifty 50 formed a long bearish candle on the daily charts, negating the higher highs formation of the last five sessions, which is a negative signal. Furthermore, the index has broken below the 10-day EMA but is still holding above the 20-day EMA (24,800) as well as the midline of Bollinger bands (24,850), which are crucial for determining the next direction. The RSI at 54.97 showed a negative crossover, while the MACD also remained in a negative crossover with a weakening histogram, although it is still well above the zero line. The Bank Nifty also formed a bearish candle on the daily timeframe and maintained a lower highs–lower lows formation for the third consecutive session, falling below the 10-day EMA, which supports the bears. The index declined 0.67% but continues to hold the 20-day EMA as well as the midline of Bollinger bands (55,700), which remains crucial for the next move. The RSI at 57.95 showed a negative crossover. Similarly, the MACD reported a negative crossover with a weakening histogram, though it remains well above the zero line.
