The F&O sector has placed a ban on certain stocks, including Zee Entertainment, Balrampur Chini Mills, Canara Bank, Steel Authority of India (SAIL), Vodafone Idea, GMR Infrastructure, PNB, Aditya Birla Fashion and Retail Limited (ABFRL), and PEL, as they have exceeded 95% of the market-wide position limit (MWPL). This ban is only lifted if the open interest falls below 80%.
Regarding technical analysis:
- Zee Entertainment has declined by 11.91% over the last month and is trading below its 20, 50, and 200-day moving averages (DMA).
- Balrampur Chini Mills has fallen by 4.09% over the last month and is trading below its 20, 50, and 200 DMA.
- Canara Bank has declined by 11.04% over the last month and is trading below its 20 and 50 DMA but above its 200 DMA.
- SAIL has gained 0.56% over the last month and is trading above its 20 and 50 DMA but above its 200 DMA.
- Vodafone Idea has fallen by 1.55% over the last month and is trading below its 20, 50, and 200 DMA.
Potential new entrants to the ban list include India Cements, Coforge, LIC Housing Finance, Hindustan Copper, IDFC First Bank, Birlasoft, Bandhan Bank, Manappuram, and GNFC, as these stocks are approaching the 95% MWPL.
In terms of technicals for these potential entrants:
- India Cements has fallen by 10.95% over the last month and is trading below its 20, 50, and 200 DMA.
- Coforge has declined by 24.38% over the last month and is trading below its 20, 50, and 200 DMA.
- LIC Housing Finance has fallen by 4.17% over the last month and is trading below its 20, 50, and 200 DMA but above its 200 DMA.
- Hind Copper is up by 0.73% over the last month and is trading below its 20 DMA but above its 50 DMA and 200 DMA.
Disclaimer: Please note that the views expressed here are not those of the website or its management, and it’s advisable to consult certified experts before making investment decisions.
