Stocks added to F&O ban: HUDCO, Manappuram Finance
Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Birlasoft, Central Depository Services, Chambal Fertilisers and Chemicals, Indian Energy Exchange, Indian Renewable Energy Development Agency (IREDA), RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Hindustan Copper
Market wrap up(DWM,T,N,E):The Nifty 50 extended its southward journey for another session and corrected 0.7 percent on June 13, tracking global weakness amid the Israel-Iran conflict. The index dropped below short-term moving averages, signaling weakness and caution in the near term. It is expected to remain in the 24,450–25,000 range in the upcoming sessions. In the last session, it defended the 24,450 level, which is the immediate key support. A decisive fall below this could drive the index down to 24,370—the upper end of the gap-up opening on May 12. On the upside, immediate resistance is placed at the 24,850–24,900 levels, followed by 25,000, according to experts. TThe Nifty 50 formed a bullish candle on the daily charts due to an intraday recovery, but the near-term trend remains negative given the continuation of the lower high–lower low formation. Furthermore, the index traded below short-term moving averages (10- and 20-day EMAs) as well as the midline of the Bollinger Bands. The MACD sustained its negative crossover with a weakening histogram, while both the RSI and Stochastic RSI maintained their negative crossovers.
