Nifty:25839.65/-120.9/-0.47%;Candle:OGD;Short day red; Bank Nifty:59231.35/-7.2/-0.04% Candle:OGD;Short day green ; HB:OGD;Short day green;997;RIL:OF;Short day red;1532;TCS:OGD;Short day red;3208;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Kaynes Technology India
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 fell half a percent on December 9, extending its downtrend for another session. The index closed near the lower Bollinger Bands and remained below the short-term moving averages, with weakness in momentum indicators signalling consolidation ahead. If the index convincingly breaks below 25,700 (the 50 DEMA and Tuesday’s intraday low), 25,500 will be the key downside level to watch. However, sustaining above this mark can increase the possibility of a move toward the 26,000–26,200 zone, according to experts. The Nifty 50 formed a bearish candle with upper and lower shadows and a lower-high, lower-low structure on the daily charts, indicating weakness amid volatility. The index tested the 50 DEMA intraday as well as the lower end of the Bollinger Bands, while the short-term moving averages (10- and 20-day EMAs) continued to slope downward. The RSI dropped below 50 to 47.08, and the MACD maintained its bearish crossover. All this indicates continued short-term weakness. The Bank Nifty formed a bullish candle on the daily charts after a smart recovery from the day’s low, closing flat while sustaining above the 20 DEMA and the midline of the Bollinger Bands—both positive signals. The RSI flattened at 56.67, remaining below the reference line, while the MACD maintained its bearish crossover with further weakness visible in the histogram. The Stochastic RSI stayed rangebound, marginally surpassing the reference line near the lower zone. All this indicates mild positivity with caution.
