SAIL (103.92 percent), Hindustan Copper (103.03 percent), and Zee Entertainment (98.39 percent) have been included in the National Stock Exchange’s futures and options (F&O) ban list for trading on April 4.
These stocks have been restricted in the F&O segment due to surpassing 95 percent of the market-wide position limit (MWPL). The prohibition remains in effect until the open interest falls below 80 percent.
Potential Candidates for Inclusion
India Cements (89.07 percent), PEL (88.32 percent), NALCO (84.02 percent), and Bandhan Bank (80.24 percent) may potentially join the ban list as they are close to the 95 percent MWPL.
Technical Analysis
- India Cements has experienced a 3.79 percent decrease in value over the past month. The stock has been trading above its 20-day moving average (DMA), yet below its 50 DMA and 200 DMA.
- PEL has seen a significant decline of 11.23 percent over the last month. It has been trading above its 20 DMA but below its 50 DMA and 200 DMA.
- Nalco has demonstrated a 4.23 percent increase over the last month. The stock has been trading above its 20 DMA, 50 DMA, and 200 DMA.
- Bandhan Bank has experienced a 4.07 percent decline over the last month. It has been trading above its 20 DMA but below its 50 DMA and 200 DMA.
