Market wrap up(DWM,T,N,E):Bears continued to dominate the market for the sixth consecutive session, dragging the Nifty 50 down by nearly 1 percent on September 26 and 2.65 percent for the week. The bearish sentiment was clearly reflected in both technical and momentum indicators. The index touched the 24,600 mark—representing the 78.6 percent retracement level of the recent rally—a crucial support zone that may determine the market’s next direction. Following the steep fall, a bounce-back cannot be ruled out; however, the sustainability of any recovery remains key. If the index breaks below 24,600, the next support levels to watch would be 24,400–24,300 in the upcoming sessions. On the upside, it may face resistance around the 24,750–24,900 zone, according to experts. The index formed a long bearish candle on the daily timeframe, continuing its lower high–lower low structure for the sixth straight day. It now trades well below its 20-, 50-, and 100-day EMAs, accompanied by a negative crossover in momentum indicators—all of which signal a prevailing bearish sentiment. The banking index also formed a long red candle on the daily charts, extending its lower top–lower bottom structure for the sixth consecutive session, with above-average volumes. It slipped below the 20-, 50-, and 100-day EMAs. Additionally, the RSI (at 40.92) confirmed a bearish crossover, while the MACD histogram continued to fade and dropped below the zero line, though it has yet to show a full bearish crossover. These indicators collectively point to sustained weakness in the banking space.
Stocks retained in F&O ban: RBL Bank, Sammaan Capital
Stocks removed from F&O ban: HFCL
Market wrap up(DWM,T,N,E):The Nifty 50 reversed more than half of its recent rally during the latest correction, falling 166 points and extending its weakness for the fifth straight day on September 25. Technical and momentum indicators suggest further downside in the market, as the index slipped below the crucial support level of 24,900. As long as the index remains below this level, bears may continue to hold the upper hand and drag the index toward the 24,600–24,500 zone. However, in the event of a rebound, the 25,000–25,100 range is expected to act as an immediate hurdle, according to experts. The Nifty 50 formed a long bearish candle with an upper shadow on the daily timeframe, accompanied by above-average volumes—indicating weak momentum. The index maintained a lower high–lower low structure for the fifth consecutive session and slipped below the midline of the Bollinger Bands as well as the 20-day and 50-day EMAs. The RSI dropped below the key 50 level, settling at 46.20 with a bearish crossover, while the MACD showed a negative crossover with a weakening histogram. All these indicators point to a continuation of bearish sentiment. The Bank Nifty also formed a bearish candle with a long upper shadow on the daily timeframe, supported by above-average volumes—signaling selling pressure at higher levels. The banking index continued its lower high–lower low structure for the fifth straight session. It closed below the 10-day, 20-day, and 50-day EMAs and tested the 100-day EMA intraday. The index also saw a 38.2 percent retracement of its recent rally. The RSI, at 48.78, showed a negative crossover, while the histogram indicated fading momentum, even though the MACD remained in a positive crossover. These developments suggest emerging weakness in momentum.
Stocks retained in F&O ban: HFCL, RBL Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):Bears maintained their hold over the market for four consecutive days, dragging the Nifty 50 near the 25,000 zone. The index shed 113 points on September 24 and lost more than 400 points from its recent peak. Sentiment has definitely turned negative for the short term, with further weakness in momentum indicators. The next crucial support is placed at the 24,900 level (which coincides with the 50-day EMA, 10-week EMA, and the 50% Fibonacci retracement of the recent rally). A decisive fall below this could strengthen the bears, however, 25,150 is expected to be a resistance, according to experts. The Nifty 50 formed a bearish candle with both upper and lower shadows on the daily charts, indicating weakness and volatility. The index continued its lower high-lower low formation for four consecutive sessions, falling below the 10-day EMA and testing the 20-day EMA intraday. The RSI dropped to 52.17 with a negative crossover, while the MACD histogram suggests that momentum is gradually fading, and the MACD is inching downward toward a negative crossover. All these signals indicate weakness. The Bank Nifty erased its previous day’s gains and closed 388 points down with well-above-average volumes, forming a bearish candle with both upper and lower shadows on the daily timeframe, indicating weakness with some volatility. The index fell below both the 10-day and 50-day EMAs and came closer to the 20-day EMA (55,030). A close below this level could open the door for selling pressure. The RSI, at 51, is on the verge of a negative crossover, but the MACD has sustained its bullish crossover with the histogram still above the zero line. All these signals indicate negative sentiment in the short term.
Stocks retained in F&O ban: HFCL, RBL Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained in negative terrain for the third consecutive session, falling 0.1 percent on September 23. However, it managed to defend the short-term moving averages (10-day and 20-day EMAs), which are crucial for determining further direction in the near term. Meanwhile, momentum indicators signal a phase of sideways action. Overall, the index is expected to trade in the 25,000–25,500 range in the near term. A decisive break below 25,000 could widen the selling pressure, whereas a move above the upper range may open the door for a rally toward 25,700, according to experts. The Nifty 50 formed a small bearish candle with upper and lower shadows, resembling a high wave (not a classical one) type of candlestick pattern on the daily timeframe. This indicates volatility and rangebound action. While selling pressure was visible, buying interest helped cut down the losses. The index continued to trade above key moving averages, while the MACD maintained its positive crossover, and the histogram remained above the zero line, although momentum appears to be fading. The RSI dropped to 56.79, reflecting a bearish crossover. All of this indicates a lack of strong directional momentum in the immediate term. The Bank Nifty formed a bullish candle with an upper shadow and a minor lower shadow on the daily charts, signaling a positive trend, although there was some resistance near the 55,670 level for yet another session. The banking index defended its 50-day and 10-day EMAs on a closing basis, supported by above-average volumes. The RSI moved upward, reaching the 57.64 zone, while the MACD maintained its bullish crossover, with the histogram sustaining above the zero line. All of this indicates a positive bias, though some pressure at higher levels persists.
Market wrap up(DWM,T,N,E):The Nifty 50 fell by half a percent, extending its downtrend for the second consecutive session on September 22. However, it managed to defend the breakout zone at 25,150 intraday, which coincides with the 10-day EMA, especially ahead of the weekly F&O expiry scheduled for September 23. Overall, the trend remains in favour of the bulls, as the index stayed well above all key moving averages, despite expectations of near-term consolidation and range-bound trading. If the index holds the 25,150 support level, bulls may drive the index towards 25,450–25,500, followed by 25,700. On the lower side, the levels to watch are 25,000–24,900, according to experts. The Nifty 50 formed a bearish candle with a long upper shadow and a minor lower shadow on the daily charts, indicating pressure at higher levels and some buying interest at lower levels. The index sustained above the 10-day EMA intraday, while the MACD, along with the histogram, stayed above the zero line with a positive crossover. The RSI tilted down for another session and is on the verge of a negative crossover, falling below the 60 mark to 58.19. All of this indicates a cautious short-term outlook. The Bank Nifty formed a bearish candle with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels. Despite this couple of days of downtrend, the banking index sustained above all key moving averages. The MACD stayed in a bullish crossover, with the histogram above the zero line. The RSI, at 54.47, declined but maintained a positive crossover. This indicates a mixed outlook for the banking index, with potential for some near-term volatility.
Market wrap up(DWM,T,N,E):The Nifty 50 saw a minor pullback on September 19, after moving closer to a long-standing falling resistance trendline, which lies around the 25,450–25,500 range. This came after the index had posted gains for three consecutive sessions, with the day ending 0.4 percent lower. Analysts suggest that this consolidation may continue for a few sessions. However, the overall trend remains bullish, supported by positive technical and momentum indicators. If the index manages to hold the 25,250–25,150 support zone, an upward breakout post-consolidation could push the Nifty toward 25,500–25,700 levels. Conversely, a sharp fall below this zone could trigger bearish sentiment, bringing bears back into action, experts noted. The Bank Nifty also experienced a half-percent pullback on the day, following 12 consecutive sessions of gains, and amid above-average volumes. However, it too remained above all key moving averages. The MACD moved above the zero line with a positive crossover, and the histogram remained above zero. The RSI declined slightly to 57.56, down from above 60, but still maintained a bullish crossover. Despite the pullback, the underlying structure remains strong, and technical indicators continue to favour bulls. The Nifty 50 formed a bearish candle on the daily charts amid high volumes, but importantly, it sustained well above all key moving averages. Both short-term and medium-term moving averages are currently trending upward. The MACD showed a bullish crossover, with the histogram staying well above the zero line. The RSI stood at 63.71, maintaining a positive crossover, though it showed a slight downward inclination. All these indicators collectively suggest that bullish momentum remains intact, despite the short-term pullback.
Stocks removed from F&O ban: Oracle Financial Services Software
Market wrap up(DWM,T,N,E):The Nifty 50 gained for the third consecutive session on September 18, closing above 25,400 with a 93-point gain, following the Fed funds rate cut. The momentum remains firmly in favour of the bulls but some consolidation can’t be ruled out before the next leg of the upmove begins. The 25,500 level is now the next key hurdle, where a long falling resistance trendline is placed. Sustaining above this level could open the door for a retest of the June high at 25,669. However, failure to break and sustain above it may result in some consolidation, with 25,330–25,250 acting as a support zone, according to experts. The Nifty 50 formed a small bearish candle with a long lower shadow on the daily charts, indicating strong buying interest at lower levels. This pattern resembles a Bearish Hanging Man, a bearish reversal formation in an uptrend, but confirmation is needed in the following session. The Relative Strength Index (RSI) jumped to 68.37, while the MACD maintained its bullish crossover, with further strength visible in the histogram. All these indicate ongoing bullish momentum, despite the caution suggested by the candlestick pattern. The Bank Nifty also displayed a Nifty-like candlestick pattern on the daily timeframe and gained 234 points, extending its upward journey for the 12th consecutive session. The index traded comfortably above all key moving averages and moved closer to the upper line of the Bollinger Bands. Momentum indicators remained strong: the RSI rose to 62.67, indicating increasing bullish strength and the MACD is on the verge of climbing above the zero line, with further strength visible in the histogram. All these signals point to a continued bullish undertone in the Bank Nifty.
Stocks retained in F&O ban: Angel One, Oracle Financial Services Software, RBL Bank
Stocks removed from F&O ban: HFCL
Market wrap up(DWM,T,N,E):The Nifty 50 recorded a 0.4 percent gain on September 17, surpassing the 25,250 level and continuing the higher highs-higher lows pattern, supported by bullish momentum indicators—especially ahead of the US Federal Reserve meeting outcome due tonight. Experts expect the index to reclaim 25,550 and then 25,669 (the current year’s high, hit on June 30, from where selling pressure had previously resumed) in the upcoming sessions, provided it holds the 25,150–25,000 zone as a crucial support area. A move below this support could invite some selling pressure. The Nifty 50 formed a bullish candle on the daily timeframe and tested the upper line of Bollinger Bands, with the bands expanding, indicating a positive trend. The 10, 20, and 50-day EMAs are trending upward, while the RSI (at 66.15) and MACD continue to show a bullish crossover, with further strength in the histogram. However, the Stochastic RSI has remained sideways since the beginning of the current week. All of these factors indicate continued bullish momentum. The Bank Nifty posted another healthy bullish candle, rising 0.63 percent with significant volumes, marking its 11th consecutive day of uptrend. The index is now trading above all key moving averages and the midline of Bollinger Bands. The RSI has also inched closer to 60, while the MACD maintains a bullish crossover, despite being below the zero line, with further strength in the histogram. All of this suggests continued bullishness in the Bank Nifty.
Stocks retained in F&O ban: Angel One, HFCL, Oracle Financial Services Software, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 staged a healthy rally on September 16, rising 170 points and negating the lower high–lower low structure after taking a breather in the previous session. Bulls gained further strength supported by favourable technical and momentum indicators. According to experts, a decisive close above 25,250—which was tested intraday on Tuesday—could open the door for a rally toward 25,400 and 25,550 in the upcoming sessions. However, any bouts of profit booking are expected to be used as buying opportunities, with immediate support at 25,150, followed by a key support zone in the 25,000–24,850 range. The Nifty 50 formed a long bullish candle on the daily charts and negated lower high–lower low structure, signaling a shift to a positive trend. The index moved closer to the upper band of the Bollinger Bands, while the RSI climbed to 63.84. The MACD also maintained a strong bullish crossover above the zero line, with a widening histogram, all of which indicate strengthening bullish momentum. The Bank Nifty also formed a strong bullish candle on the daily timeframe, backed by above-average volumes. By reclaiming the 50-day EMA, the index is now trading above all key moving averages, as well as above the midline of the Bollinger Bands. The RSI jumped to 55, suggesting growing bullish strength, while the MACD sustained its bullish crossover, with the histogram showing further expansion. All indicators signal continued upward momentum.
Stocks retained in F&O ban: HFCL, Oracle Financial Services Software, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its eight-day winning streak on September 15, closing 0.2 percent lower after trading within the previous day’s range. This appears to be a pause amid caution ahead of the FOMC interest rate decision due on Wednesday. However, the overall trend remains favourable for bulls as long as the index holds the 25,000–24,800 support zone. Technical and momentum indicators are still supportive of the ongoing uptrend. On the higher side, 25,150 is expected to be the immediate key hurdle. A decisive break above this level could open the door for a healthy upward move, according to experts. The Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily chart, indicating a rangebound session after failing once again to retest the August high. The index sustained well above all key moving averages, with positive crossovers of the 10-day and 20-day EMAs over the 50-day EMA. The MACD maintained a strong bullish crossover, with further strength visible in the histogram. The RSI tilted downward but continued to hold its positive crossover, closing at 59.01. All of this indicates that the underlying momentum remains positive, and the uptrend is still intact. The Bank Nifty extended its upward trend for the ninth consecutive session, forming a Doji candlestick pattern on the daily timeframe. This suggests indecision among bulls and bears. Notably, the index climbed above the 100-day EMA for the first time since August 25, while also sustaining above the 10-day and 20-day EMAs. The RSI improved to 50.95, maintaining its bullish crossover. The MACD also showed a positive crossover, with continued strengthening of the histogram. All of this indicates improving momentum and trend strength in Bank Nifty.
