Zee Entertainment (96.94 percent), SAIL (96.62 percent), and Hindustan Copper (93.01 percent) have been placed under the National Stock Exchange’s futures and options ban (F&O) for trade on April 5.
These stocks have exceeded 95 percent of the market-wide position limit (MWPL) and are consequently prohibited in the F&O sector. The ban remains in effect until the open interest falls below 80 percent.
Potential Entrants
PEL (92.68 percent), Bandhan Bank (91.31 percent), India Cements (89.19 percent), NALCO (83.01 percent), and Aditya Birla Fashion and Retail (80.11 percent) may join the ban list as they are nearing the 95 percent MWPL.
Technical Analysis:
- PEL has witnessed a 7.15 percent decline over the past month. While the stock is trading above its 20-day moving average (DMA), it remains below its 50 DMA and 200 DMA.
- Bandhan Bank has experienced a 0.28 percent increase over the last month. The stock is currently trading above its 20 DMA but below its 50 DMA and 200 DMA.
- India Cements has seen a 1.86 percent decrease over the past month. Although the stock is trading above its 20 DMA, it is below its 50 DMA and 200 DMA.
- Nalco has observed a 5.57 percent increase over the last month. The stock is trading above its 20 DMA, 50 DMA, and 200 DMA.
- Aditya Birla Fashion and Retail has surged by 3.67 percent over the last month. It is currently trading above its 20 DMA, 50 DMA, and 200 DMA.
