Stocks like Indus Towers, SAIL, Aditya Birla Fashion and Retail, Canara Bank, and Zee Entertainment have been placed under the National Stock Exchange’s futures and options (F&O) ban for trading on February 28 due to exceeding 95 percent of the market-wide position limit (MWPL). This ban is lifted only if the open interest falls below 80 percent.
Potential Entries:
GMR Airports Infra, Vodafone Idea, PNB, Bandhan Bank, NMDC, Hindustan Copper, Nalco, BHEL, Biocon, Tata Chemicals, and Vedanta may join the ban list as they are nearing the 95 percent MWPL threshold.
- GMR Airports Infra has seen a 9.91 percent increase in the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA.
- Vodafone Idea has surged by 9.52 percent in the last month and is trading above its 20 DMA, 50 DMA, and 200 DMA.
- PNB has rallied by 14.84 percent in the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA.
- Bandhan Bank has witnessed a decline of 9.90 percent in the last month and is trading below its 20 DMA, 50 DMA, and 200 DMA.
- NMDC has experienced a gain of 1.88 percent in the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA.
- Hindustan Copper has seen a decrease of 10.76 percent in the last month and is trading below its 20 DMA, 50 DMA, but above its 200 DMA.
- Nalco has surged by 6.95 percent in the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA.
- BHEL has gained 1.17 percent in the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA.
- Biocon has witnessed a rally of 6.11 percent in the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA.
- Tata Chemicals has fallen by 5.2 percent in the last month and is trading below its 20 DMA, 50 DMA, and 200 DMA.
- Vedanta has slipped by 1.34 percent in the last month and is trading below its 20 DMA and 50 DMA but above its 200 DMA.
Potential Exits:
Aditya Birla Fashion and Retail, Canara Bank, and Zee Entertainment may exit the ban list as their MWPL approaches 80 percent.
Technical Analysis:
- Aditya Birla Fashion and Retail has declined by 5.7 percent in the last month and is trading below its 20 DMA and 50 DMA but above its 200 DMA.
- Canara Bank has surged by 20.49 percent in the last month and is trading above its 20 DMA, 50 DMA, and 200 DMA.
- Zee Entertainment has rallied by 7.14 percent in the last month and is trading below its 20 DMA, 50 DMA, and 200 DMA.
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