Piramal Enterprises, Balrampur Chini Mills, Canara Bank, Steel Authority of India (SAIL), Vodafone Idea, GMR Airports Infrastructure, Punjab National Bank (PNB), Hindustan Copper, and Zee Entertainment Enterprises have been placed on the National Stock Exchange’s futures and options (F&O) ban list on May 14, as they have exceeded 95 percent of the market-wide position limit (MWPL). This ban is lifted only if the open interest falls below 80 percent.
On the technical side, Piramal Enterprises has decreased by 1.21 percent over the last month and is trading below its 20, 50, and 200 Daily Moving Averages (DMA). Balrampur Chini Mills has gained 1.09 percent over the last month but is also trading below its 20 DMA, 50 DMA, and 200 DMA. Canara Bank has seen a 7 percent decline over the last month and is below its 20 DMA and 50 DMA but above its 200 DMA. SAIL has experienced a 3.94 percent rise over the last month and is trading above its 20 DMA, 50 DMA, and 200 DMA. Vodafone Idea has decreased by 3.8 percent over the last month and is trading below its 20 DMA, 50 DMA, and 200 DMA. GMR Airports Infrastructure has risen by 2.17 percent over the last month and is trading below its 20 DMA and 50 DMA but above its 200 DMA. PNB has fallen by 7 percent over the last month and is trading below its 20 DMA and 50 DMA but above its 200 DMA. Hindustan Copper has gained 4.2 percent over the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA. Zee Entertainment Enterprises has tumbled by 8.57 percent over the last month and is trading below its 20 DMA, 50 DMA, and 200 DMA.
Possible entrants to the ban list include BirlaSoft, India Cements, LIC Housing Finance, Bandhan Bank, and Biocon, as these stocks are nearing the 95 percent MWPL. On the technical front, BirlaSoft has fallen by 16.9 percent over the last month and is trading below its 20 DMA, 50 DMA, and 200 DMA. India Cements has fallen by 7.6 percent over the last month and is trading below its 20 DMA, 50 DMA, and 200 DMA. LIC Housing Finance has seen a 2.72 percent decline over the last month and is trading below its 20 DMA and 50 DMA but above its 200 DMA. Bandhan Bank has gained 7 percent over the last month and is trading above its 20 DMA and 50 DMA but below its 200 DMA. Biocon has risen by 13.85 percent over the last month and is trading above its 20 DMA, 50 DMA, and 200 DMA.
