SAIL (103.92 percent), Hindustan Copper (103.03 percent), and Zee Entertainment (98.39 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban list for trade on April 4.
These stocks are prohibited in the F&O sector because they have exceeded 95 percent of the market-wide position limit (MWPL). The ban is reversed only if the open interest falls below 80 percent.
Possible Entrants
India Cements (89.07 percent), PEL (88.32 percent), NALCO (84.02 percent) and Bandhan Bank (80.24 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.
- India Cements has fallen 3.79 percent over the last month. The stock has been trading above its 20 DMA, but below its 50 DMA and 200 DMA.
- PEL has plunged 11.23 percent over the last month. The stock has been trading above its 20 DMA, but below its 50 DMA and 200 DMA.
- Nalco has surged 4.23 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.
- Bandhan Bank has declined 4.07 percent over the last month. The stock has been trading above its 20 DMA but below its 50 DMA and 200 DMA.