Market wrap up(DWM,T,N,E):The Nifty 50 remained consolidative and witnessed selling pressure on July 2, falling below the 25,500 mark to end the session 0.35 percent lower. The chart formation and technical indicators signal further consolidation in the coming sessions until the index reclaims and sustains above the current week’s high. Broadly, it is expected to trade in the range of 25,200–25,700 in the near term. A decisive close above 25,700 can drive the index toward 26,000; however, a fall below 25,200 may bring the bears into full action, according to experts. The Nifty 50 formed a bearish candle with a minor lower shadow on the daily timeframe, following a Doji formation in the previous session. This signals weakness; however, the overall trend remains positive, as the index continues to trade well above the short-term moving averages and the midline of the Bollinger Bands. The Stochastic RSI sustained a negative crossover, while the RSI, although tilted downward, stayed above the 60 mark, closing at 61.34, indicating moderate strength. The Bank Nifty saw the formation of a sizeable bearish candle on the daily charts with above-average volumes, indicating a negative trend amid likely consolidation. Still, the index remains above key short-term moving averages and the midline of Bollinger Bands, which is a positive signal. The MACD continues to show a positive crossover, but the momentum, as seen in the histogram, appears to be fading. The RSI drifted below the 60 mark, closing at 59.57 and trending downward, signaling weakening momentum in the near term. Meanwhile, the Stochastic RSI gave a negative crossover, further confirming short-term weakness.
Market wrap up(DWM,T,N,E):The Nifty 50 rebounded after a day of profit booking and ended the rangebound session 0.1 percent higher on July 1. The index sustained above 25,500 on a closing basis for another session. Technical indicators suggest a phase of consolidation may continue for a few more sessions following the recent sharp rally, with the 25,650–25,700 zone likely to act as resistance on the upside. Sustaining above this zone could open the door for further gains. On the downside, the 25,400–25,300 area is expected to serve as a support zone, according to experts. The Nifty 50 formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears after trading within the previous day’s range. The index traded near the upper Bollinger Bands and sustained well above the support trendline. The MACD maintained a positive crossover, though the bullish bias in the histogram appears to be fading. The RSI, at 64.29, sustained its positive crossover. However, the Stochastic RSI gave a negative crossover in the upper band, indicating potential short-term weakness or sideways movement.
Market wrap up(DWM,T,N,E):The Nifty 50 slipped into the red for the first time in the last five consecutive sessions, declining by 0.5 percent on June 30 due to profit booking, following a 2 percent rally in the past week. Overall, the trend remains upward, although consolidation and range-bound trading may persist for a few more sessions before the market enters a fresh leg of the upmove, according to experts. As long as the index trades below 25,700, the consolidation may continue, with support at 25,400—below which the correction could extend to 25,200, a key support zone. The Nifty 50 formed a bearish candle, resembling a Bearish Engulfing pattern at the swing high on the daily charts. A confirmation of a short-term trend reversal will be seen in the following session. The index still traded near the upper line of the Bollinger Bands, while the MACD maintained a positive crossover, with a healthy bias reflected in the histogram. The RSI, currently at 63.84, remained strong though it tilted slightly downward. The Bank Nifty maintained its higher highs–higher lows formation and continued to trade near the upper Bollinger Bands, despite a mild correction of 0.23 percent. The index traded well above short-term moving averages, with a visible expansion in the Bollinger Bands. The MACD sustained a positive crossover, accompanied by a positive bias in the histogram. The Stochastic RSI also trended upward with a positive crossover, while the RSI, at 65.32, remained in a positive crossover but showed a slight downward tilt.
Market wrap up(DWM,T,N,E):The Nifty 50 kicked off the July series on a positive note, gaining 0.35 percent and extending its upward journey for the fourth consecutive session to close at a fresh nine-month high on June 27. Sentiment turned favourable for bulls due to a sharp fall in the VIX, positive crossovers in momentum indicators, and easing tensions in the Middle East. According to experts, in the upcoming sessions, the index needs to clear the 25,750–25,800 hurdle for a strong move toward 26,000 and eventually a record high. Until then, some consolidation may be seen, with support in the 25,400–25,300 zone. The Nifty 50 formed a bullish candle for the third consecutive session, continuing the higher-low formation for the sixth straight day. Traded volumes remained above average for another session. The index traded well above the upper band of the Bollinger Bands, with expansion in the bands. The MACD, Stochastic RSI, and RSI (at 67.72) sustained positive crossovers, with a continued positive bias in the histogram, signalling further uptrend in the Nifty 50.
Market wrap up(DWM,T,N,E):The Nifty 50 had a strong close on June 26, the monthly F&O expiry session, rising 1.2 percent and continuing its upward journey for the third straight day. The index marked a fresh nine-month closing high, supported by a further cooling of the VIX. Given the bullish sentiment and the expansion in Bollinger Bands following a significant consolidation breakout, the Nifty 50 is expected to face a hurdle in the 25,650–25,750 zone in the upcoming sessions. A breakout above this zone could open the path toward the 26,000 level, while support is seen at the 25,400–25,300 levels, according to experts. The Nifty 50 formed a long bullish candlestick on the daily charts, continuing its higher lows formation for the fifth straight session, alongside the expansion in Bollinger Bands. The index finished above the upper line of the Bollinger Bands and also broke above the upward-sloping resistance trendline. It recorded above-average volumes, while key technical indicators—RSI, Stochastic RSI, and MACD—showed positive crossovers, with the MACD histogram turning bullish
Market wrap up(DWM,T,N,E):The Nifty 50 had another gap-up opening on June 25 and gained further strength, closing above 25,200 for the first time since October last year, with a 0.8 percent rally ahead of the expiry of June derivative contracts scheduled for tomorrow. Given the favourable technical indicators and falling VIX, experts suggest that the index is likely to climb toward the 25,300–25,350 range in the upcoming sessions. Sustaining above this zone could open doors for targets in the 25,500–25,600 range, provided the index holds the support at 25,100–25,000. The index formed a bullish candle on the daily charts, continuing its higher-low formation for the fourth consecutive session. It sustained above short-term moving averages (10 and 20-day EMAs), with positive crossovers in the RSI (at 60.94) and Stochastic RSI. The MACD is on the verge of a positive crossover with an improving histogram, signaling a healthy uptrend.
Market wrap up(DWM,T,N,E):The Nifty 50 was poised for a stellar performance, given its morning rally of 345 points, but ended with just a 72-point gain due to profit booking in the afternoon trade amid concerns over uncertainty led by Middle East tensions. The index failed to defend the 25,200 and 25,300 levels on a closing basis, resulting in a false breakout on June 24, which indicates a likely continuation of consolidation within the 24,800–25,300 range. According to experts, unless the index delivers a decisive and sustained close above 25,300, consolidation may persist, with support seen in the 24,800–24,700 zone. The Nifty 50 formed a bearish candle with an upper shadow on the daily charts, while also registering a higher high–higher low formation. Although the index surpassed both the upper line of the Bollinger Bands and the downward-sloping resistance trendline, it was unable to sustain above either level. On the positive side, the index remained above its short-term moving averages, which is a constructive signal. Additionally, the Stochastic RSI maintained a positive crossover, while the RSI, at 56.71, showed sideways movement.
Stocks removed from F&O ban: Aditya Birla Fashion and Retail, Titagarh Rail Systems
Market wrap up(DWM,T,N,E):The Nifty 50 reversed some of Friday’s gains and closed 0.6 percent lower on June 23. The index remained within the previous day’s range, indicating indecision among bulls and bears, and suggesting consolidation. In the upcoming sessions, the index is expected to remain in the range of 24,800–25,100 until it gives a decisive close on either side. Above 25,100, the level to watch is 25,200, as sustaining above it could open the door for a bullish trend. However, below 24,800, the immediate support is at 24,700, and a break below this level could drag the index toward 24,500, according to experts. he Nifty 50 formed a small bullish candle with long upper and lower shadows, resembling a high wave candlestick pattern on the daily charts—indicating volatility and indecision among buyers and sellers. Trading volume was significantly lower than the previous day’s trade, while the index remained above short-term moving averages and the midline of the Bollinger Bands, which is considered a positive sign. The Relative Strength Index (RSI) at 55.07 remained sideways, while the Stochastic RSI maintained a positive crossover.
Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Biocon, RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Central Depository Services, HUDCO, Manappuram Finance
Market wrap up(DWM,T,N,E):The Nifty 50 gained solid strength on June 20 after a three-day consolidation and rallied 1.29 percent, reviving weak sentiment alongside a falling VIX. Despite the recovery, the index remains within the broad range of 24,450–25,200 for several weeks now. As long as the index trades below 25,200, and geopolitical tensions in the Middle East—which influence oil prices—persist, consolidation and mild correction within a range-bound setup may continue. Key support levels remain at 24,700, followed by the 24,500–24,450 zone, which is also where the 50-day EMA is placed, according to experts. A fall below this crucial support zone may trigger a forceful attack from bears, while a decisive and sustainable close above 25,200 can open the door for strong bullish action.he Nifty 50 formed a long bullish candle on the daily chart after Doji-like candles in the previous two sessions, supported by above-average volumes. The index also climbed above short-term moving averages. On the weekly timeframe, it also formed a bullish candle, but the RSI at 60.81 remained sideways, signaling a lack of directional bias. Additionally, the Average Directional Index (ADX)—a measure of trend strength—stood at 13.32, its lowest level since July 2024, indicating weak trend momentum in either direction. Moreover, the Bollinger Bands on the daily chart have contracted significantly. This formation typically occurs when volatility drops to low levels and the price trades within compressed bands, often preceding a sharp breakout or breakdown, according to experts.
Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Biocon, Central Depository Services, HUDCO, Manappuram Finance, RBL Bank, Titagarh Rail Systems
Stocks removed from F&O ban: Birlasoft, Chambal Fertilisers and Chemicals
Market wrap up(DWM,T,N,E):The Nifty 50 closed 19 points lower after a choppy trading session, continuing its southward journey for the third consecutive session amid fears of an escalating Iran-Israel conflict and cautious commentary from the Federal Reserve. The index traded just below the short-term moving averages (10- and 20-day EMAs) for another session but consistently held the 24,700 support level throughout the week. Experts believe that if this level is decisively breached, the 24,500–24,450 zone becomes a crucial support area to watch. On the upside, the 25,000 mark remains a critical hurdle for any further upward movement. The Nifty 50 formed a Doji-like candlestick pattern on the daily charts, indicating indecision between bulls and bears. It continued to trade just below the short-term moving averages (10- and 20-day EMAs) and the midline of the Bollinger Bands for another session. The MACD histogram softened further with a negative crossover in the MACD, while the RSI stood at 51.65, suggesting a cautious outlook. The Bank Nifty formed a bearish candle on the daily timeframe, falling 251 points amid rangebound trading. The index continued to hover around the short-term moving averages and the midline of the Bollinger Bands during the week, while managing to defend the 55,400 zone. The MACD histogram weakened further with a consistent negative crossover, and the RSI was at 50.66, signaling near-term nervousness.
