Stocks retained in F&O ban: Glenmark Pharma, Hindustan Copper, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 continued to witness selling pressure for the fourth consecutive session, falling by 68 points on July 14. Weakness in momentum indicators and the index trading below short-term moving averages signalled a negative trend in the short term. However, the index managed to take support at the psychological level of 25,000 during intraday trade. As long as the index holds this level, an upward move toward 25,100–25,200 remains possible. On the other hand, a breakdown and sustained close below this level may drag the index down to 24,900 (immediate support), followed by 24,800 (crucial support), according to experts. The Nifty 50 formed a bearish candle with a minor lower shadow on the daily chart, indicating continued selling pressure at higher levels, although there was some buying interest at lower levels. It continued to trade below short-term moving averages (10- and 20-day EMAs) and is approaching both the 50-day EMA (24,900) and the upward-sloping support trendline. Momentum indicators remained weak, with the RSI at 46.66, staying below the key 50 mark, and the MACD histogram weakening further. The Bank Nifty formed a Doji candlestick pattern on the daily timeframe, indicating indecision among buyers and sellers. The index continued to defend the 56,600 level—the low of the previous couple of weeks—while hovering between the 10- and 20-day EMAs. Notably, it continued to hold above the 20-day EMA, which generally acts as a key support, as well as the trendline that has now turned into support from earlier resistance. Momentum indicators suggested a sideways move, with the RSI at 53.41 appearing flat.
