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 bounced back and snapped a four-day losing streak on July 15, rising 114 points with healthy market breadth. Buying strength was observed throughout the session; however, until the index sustains above its short-term moving averages, consolidation and rangebound trading may continue. According to experts, if the index reclaims and holds the 25,250–25,300 zone (corresponding to the 20-day and 10-day EMAs), an upward move toward 25,400–25,500 is possible. On the downside, 25,000 is expected to act as a key support zone. The Nifty 50 formed a bullish candle with a minor upper shadow on the daily timeframe, indicating buying interest emerging from the 25,000 support zone. The index also displayed a higher high–higher low pattern, although it continued to trade below short-term moving averages. The Relative Strength Index (RSI) climbed above the 50 mark and is trending upward, indicating improving momentum. However, the Moving Average Convergence Divergence (MACD) remains in a negative crossover, with the histogram showing further weakness. The Bank Nifty formed a bullish candle with a minor upper wick on the daily chart, signaling continuation of the upside bounce from the 56,600 support level. The index also climbed above its short-term moving averages. The Stochastic RSI is on the verge of a positive crossover in the oversold zone, while the RSI hovered around the 60 level and is trending upward. The MACD continues to show a negative crossover, though there is some improvement seen in the histogram, indicating potential easing of bearish momentum.
