Bandhan Bank, with a market position of 98.66 percent, Zee Entertainment at 96.29 percent, SAIL at 94.51 percent, and Hindustan Copper at 80.69 percent, have been restricted from futures & options (F&O) trading on the National Stock Exchange on April 8 due to exceeding the 95 percent market-wide position limit (MWPL). These restrictions are lifted only when open interest falls below 80 percent.
Potential candidates for entry into the ban list include India Cements at 91.16 percent, PEL at 89.13 percent, NALCO at 86.42 percent, GNFC at 83.95 percent, Vodafone Idea at 82.10 percent, and Indus Towers at 80.97 percent, as they are nearing their 95 percent MWPL.
Technical analysis indicates:
- India Cements has declined by 0.24 percent over the past month, trading above its 20 DMA but below its 50 DMA and 200 DMA.
- PEL has fallen by 4.52 percent over the last month, trading above its 20 DMA but below its 50 DMA and 200 DMA.
- NALCO has gained 8.43 percent over the past month, trading above its 20 DMA, 50 DMA, and 200 DMA.
- GNFC has rallied by 12.14 percent over the last month, trading above its 20 DMA, 50 DMA, and 200 DMA.
- Vodafone Idea has shed 6.32 percent over the last month, trading below its 20 DMA and 50 DMA but above its 200 DMA.
- Indus Towers has surged by 22.83 percent over the past month, trading above its 20 DMA, 50 DMA, and 200 DMA.
Hindustan Copper may exit the ban list as its MWPL nears 80 percent. Technically, Hindustan Copper has seen a 15.18 percent increase over the past month, trading above its 20 DMA, 50 DMA, and 200 DMA.
