Stocks retained in F&O ban: Bandhan Bank, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 showed a smart recovery of nearly 200 points from the day’s low and closed flat with a negative bias on January 8, taking support at the upward-sloping support trendline (which comes to around 23,500). The index finished just below 23,700 (the 200-day EMA). This seems to confirm that the index remains in the range of 23,500–24,000 levels. Any fall below the lower band could take the index towards the 23,300 zone, but sustaining above 23,700 could bring positivity and push the index towards 24,000 (which is crucial for a further strong upward rally), experts said. The Nifty 50 has formed a small bearish candlestick pattern with a long lower shadow, resembling a Hammer pattern on the daily charts. This is a bullish reversal pattern formed in a downtrend, raising the possibility of an upside bounce in the upcoming sessions. However, the overall trend remains bearish, as the index traded below all key moving averages, and the momentum indicators—RSI (Relative Strength Index at 42.63)—remain in the lower band, while the MACD (Moving Average Convergence Divergence) stays below the zero line. The Bank Nifty formed a bearish candlestick pattern with a sizeable lower shadow on the daily timeframe and sustained below all key moving averages, indicating weakness. The index fell by 0.73% and traded near the lower end of the Bollinger Band, but still held above the August low (49,650) on a closing basis. The momentum indicators RSI and MACD maintained a negative bias, signaling further weakness. Additionally, the index remained below the 50% Fibonacci retracement level (from the June low to the record high seen in September 2024), which also indicates a negative trend.
Stocks retained in F&O ban: Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market snapped its two-day losing streak with the Nifty 50 rising 0.4% to close just above the 200-day EMA (Exponential Moving Average of 23,700) on January 7, partly due to short-covering and value buying. However, overall sentiment remains bearish, and the index may continue to consolidate until it moves above all key moving averages. In the near term, it may trade within the 23,500–24,000 range. If the index manages to sustain above 23,700, the immediate resistance is at 23,900–24,000. However, if it falls below this level, 23,500 is the key level to watch, as it coincides with an upward-sloping support trendline, experts said. The Nifty 50 has formed an Inside Bar candlestick pattern on the daily charts with above-average volumes, while defending the previous day’s low of 23,552. The index remained near the lower band of the Bollinger Bands, trading below the 10, 20, 50, and 100-day EMAs, though it closed just above the 200-day EMA. The momentum indicators, RSI (Relative Strength Index at 43), remain in the lower band, and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness. The Bank Nifty has also formed an Inside Bar candlestick pattern on the daily timeframe but remains below all key moving averages, including the 200-day EMA (of 50,490), signaling a negative trend. The index is positioned near the lower end of the Bollinger Bands, while the RSI (at 37.3) remains in the lower band and the MACD is below the zero line, further signaling weakness.
Stocks retained in F&O ban: Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market was caught in a complete bear trap on January 6, with the Nifty 50 falling 1.6% due to selling across sectors, breaking the crucial support of the 200-day EMA (23,700). The index extended its downtrend for the second consecutive session, with a negative bias in momentum indicators. If the index sustains below the 200-day EMA, the immediate downside target would be 23,450-23,500 (around the December low), followed by 23,263, which is a crucial support level. On the higher side, immediate resistance is placed at 23,700, followed by the 23,900-24,000 zone, experts said. The Nifty 50 has formed a long bearish candlestick pattern on the daily timeframe with a lower top-lower bottom formation, indicating weakness. The index is currently trading in the lower band of the Bollinger Bands, as well as below all key moving averages, with a negative crossover in the momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence). The Bank Nifty also formed a long red candle on the daily charts and moved closer to the lower end of the Bollinger Bands, with a lower high-lower low formation, signaling a downtrend. With a decisively falling below 200-day EMA, the banking index is now trading below all key moving averages and remains in the lower band of the Bollinger Bands. The momentum indicators RSI and MACD are also in negative territory.
Stocks retained in F&O ban: Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):After two days of gains, the market failed to extend its northward journey on January 3, as profit booking pulled the Nifty 50 down by 184 points on above-average volumes. However, the index managed to hold the 24,000 mark on a closing basis. If the index sustains this level, it may face resistance at 24,200–24,250 (coinciding with the 50- and 100-day EMAs), followed by potential targets at 24,400 and 24,800. On the downside, falling below 24,000 would place immediate support at 23,900, with the key support zone at 23,750–23,700. Experts suggest that the index’s trading range for the next week could be between 23,700 and 24,500. The Nifty 50 has formed a Bearish Belt Hold pattern on the daily charts. This is generally a bearish reversal pattern, but it is not strong enough to act independently. Confirmation in the following session is required. Additionally, for sentiment to improve significantly, the index must begin trading above the midline of the Bollinger Bands. On a weekly timeframe, the index formed a bullish candlestick pattern with long upper and lower shadows, resembling a high wave pattern. This indicates indecision in the market. The Bank Nifty formed a long bearish candlestick pattern on the daily charts, accompanied by above-average volumes, erasing all the previous day’s gains and signaling weakness. The index continues to trade below the 10-, 20-, 50-, and 100-day EMAs, indicating a weak trend. On Friday, it fell by 1.2%, and for the week, it shed 0.63%. On the weekly timeframe, it also formed a bearish candlestick pattern with long upper and lower wicks, signaling indecision among buyers and sellers. Although the index made an attempt to surpass the midline of the Bollinger Bands, it failed to do so.
Market wrap up(DWM,T,N,E):Bulls staged a strong performance on January 2, helping the Nifty 50 surpass the psychological 24,000 mark and record a 446-point gain (the biggest single-day gain in the last six weeks). With the climbing short-term moving averages (10-day and 20-day EMAs) and a rise of 766 points from this week’s low, the momentum has definitely strengthened. However, some consolidation can’t be ruled out before the index embarks on the next leg of the upmove. The Nifty 50 may face immediate resistance at the 24,200-24,250 zone, followed by targets of 24,400 and 24,850. Immediate support is placed at 24,900, followed by 24,700, experts said. The Nifty 50 has formed a long bullish candlestick pattern on the daily charts, with a higher top-higher bottom formation for the second consecutive session. The index cleared the 10-day and 20-day EMAs after defending the 200-day EMA in the previous session. The momentum indicator, RSI (Relative Strength Index at 52.8), showed a positive crossover and entered the upper band. Additionally, the index closed slightly above the midline of Bollinger Bands, signaling positive sentiment. he Bank Nifty also formed a long green candle on the daily timeframe, with a higher high formation for another session, closing above the 10-day and 100-day EMAs after defending the 200-day EMA in the previous session, indicating strength. The banking index needs to surpass the 20-day and 50-day EMAs, as well as the midline of the Bollinger Bands, to gain strong momentum. This is possible only above 52,200. The momentum indicator RSI (47.5) recorded a positive crossover but is still in the lower band, and the MACD (Moving Average Convergence Divergence) tilted slightly upward but is still below the zero line.
Market wrap up(DWM,T,N,E):The Nifty 50 extended gains for the second consecutive session, rising 0.4% on January 1, marking a positive start to the new year, 2025. The index climbed above the 200-day EMA (23,700) but remained below the 200-day SMA (23,880), which is critical for further upward momentum. If the index sustains above 23,700, the first target would be 23,900, followed by 24,000, a key resistance zone. However, failure to maintain levels above 23,700 could pull the index down toward the 23,600–23,500 range, experts suggested. Overall, the index is expected to trade within the 23,500–24,000 range in the upcoming sessions. The Nifty 50 has displayed a bullish candlestick pattern on the daily timeframe, forming higher highs and higher lows—a positive signal. However, the broader sentiment remains weak as the index is still trading below the 10, 20, 50, and 100-day EMAs. Momentum indicators, such as the RSI and MACD, also reflect a negative bias. he Bank Nifty managed to close above both the 200-day EMA and 200-day SMA, defending these critical levels. Additionally, it held above an upward-sloping support trendline, which is a positive indicator. However, it continues to trade below the 10, 20, 50, and 100-day EMAs and remains in the lower band of the Bollinger Bands. The negative bias in momentum indicators suggests short-term weakness.
Market wrap up(DWM,T,N,E):The Nifty 50 showed a smart recovery after breaking its November low intraday, finishing the final session of the current calendar year moderately higher on December 31. The index defended the upward-sloping support trendline on a closing basis for another session, raising hopes of an upward trend. However, the overall sentiment remains bearish. Experts suggest the index is likely to trade in the range of 23,400–24,000 in the upcoming sessions of the new year. A rally towards 23,900 is possible if the index defends the 23,500 level on a closing basis. Conversely, a decisive close below 23,500 could drive the index down towards 23,300, which marks the November low. The Nifty 50 formed a bullish candlestick pattern on the daily charts, with minor upper and sizeable lower shadows. This indicates a counterattack by bulls following an attempted false downside breakout from the range. Despite this recovery, the index remains below all key moving averages. Furthermore, momentum indicators such as RSI, MACD, and KST continue to show a negative bias, signaling underlying weakness. The Bank Nifty also formed a bullish candlestick pattern on the daily timeframe after a strong recovery from the day’s low. It found support at the 200-day SMA and the low of December 20, raising the possibility of an upward rally. However, the overall sentiment remains bearish. The index is trading below the 10, 20, 50, and 100-day EMAs and within the lower band of Bollinger Bands. Momentum indicators remain in negative territory, adding to the cautious outlook.
Market wrap up(DWM,T,N,E):The Nifty 50 wiped out all of its previous day’s gains and fell below the 200-day EMA (23,700) after rangebound trading over the past four sessions. It closed 168 points down on December 30, marking a negative start to the week. Bearish sentiment prevailed in the market, with all technical indicators in negative territory. Experts suggest that if the index sustains below 23,700, the first downside target would be 23,500, followed by 23,263 (the November low), which is a crucial support level. In the event of a rebound, 23,900–24,000 will act as key resistance levels. The Nifty 50 formed a bearish candlestick pattern with a sizeable upper wick on the daily charts, coupled with above-average volumes. This follows a phase of rangebound trading over the past four sessions, signaling weakness. With the break below the 200-day EMA, the index is now trading beneath all key moving averages, reflecting a negative bias. Momentum indicators such as RSI, MACD, and KST also indicate bearish sentiment. The Bank Nifty also formed a bearish candlestick pattern, characterized by a long upper wick and a small lower shadow on the daily timeframe. This reflects a lack of strength at higher levels. While the index touched all key moving averages intraday, it failed to sustain above those levels and closed in the lower band of Bollinger Bands. Negative momentum indicators further highlight the weakness. The index fell by 359 points on Monday.
Market wrap up(DWM,T,N,E):The Nifty 50 gained some strength amid rangebound trading, rising by a third of a percent on December 27. However, it remained within the broader trading range of the 200-day SMA (23,862) and the 200-day EMA (23,694) on a closing basis for the fourth consecutive session. Experts anticipate that rangebound trading may continue in the upcoming sessions amid low trading volumes. Nevertheless, the declining VIX could provide support for the bulls. If the index decisively surpasses and sustains above the 200-day SMA, a rally towards 24,000–24,200 is possible. Conversely, if it falls below the 200-day EMA, the decline may extend to 23,500 (the low of December 20, The Nifty 50 formed a small bullish candle with a long upper shadow on the daily charts, indicating a lack of strength at higher levels. Overall, the sentiment is expected to remain bearish as the index is still significantly below the 10, 20, 50, and 100-day EMAs and remains within the lower band of the Bollinger Bands. The momentum indicators—RSI (Relative Strength Index at 40.7), MACD (Moving Average Convergence Divergence, below the zero line), and KST (Know Sure Thing, showing a negative crossover)—all point to continued weakness. The Bank Nifty exhibited similar behaviour to the Nifty 50, forming a small green candle with a long upper wick, indicating selling pressure at higher levels. The index failed to close above the 100-day EMA for another session, reinforcing the notion of a strong hurdle on the upside. Additionally, it remained below the 10, 20, 50, and 100-day EMAs as well as the lower band of the Bollinger Bands. Momentum indicators such as RSI (at 42), MACD (below the zero line), and KST (negative crossover) signal continued weakness in the index.
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: RBL Bank
Market wrap up(DWM,T,N,E):The Nifty 50 closed the rangebound trade on a flat note, rising 0.1 percent on December 26, the expiry session for monthly Futures & Options contracts. The upside has been capped at the 23,850 level (which coincides with the 200-day SMA) and the downside at the 23,650-23,700 zone (which somewhat coincides with the 200-day EMA) for the third consecutive session. The breaking of this trading range on either side can give firm direction to the index, with 24,000 being the next target on the higher side and 23,500 being the support on the lower side, experts said. The Nifty 50 continued to form an inside bar kind of pattern on the daily charts for the third straight session, indicating rangebound trading. The index remained below the 10, 20, 50, and 100-day EMAs (Exponential Moving Averages) (though it sustained a tad above the 200-day EMA), indicating bearish sentiment. The momentum indicator RSI (Relative Strength Index at 38.8) and MACD (Moving Average Convergence Divergence) falling below the zero line indicated negative bias. The Bank Nifty formed a bearish candlestick pattern with sizeable upper and lower shadows on the daily charts, indicating volatility and being rangebound, though it made an attempt to cross the 100-day EMA intraday. Overall, the sentiment remains bearish given the index trading below 10, 20, 50, and 100-day EMAs. Also, the RSI (at 40) and MACD dropped further below the zero line, showing a negative bias.
