Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Moneycontrol News
May 24, 2024 / 07:00 AM IST
F&O Ban
Hindustan Copper (124.21 percent), Piramal Enterprises (PEL) (88.61 percent), Punjab National Bank (88.11 percent), India Cements (85.88 percent), Metropolis Healthcare (84.89 percent), Bandhan Bank (83.62 percent), National Aluminium Company (83 percent), India Energy Exchange (IEX) (82.12 percent), Balrampur Chini Mills (81.27 percent), Zee Entertainment Enterprises (80.98 percent) and Aditya Birla Capital (80.47 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on May 24.
These stocks are prohibited in the F&O sector because they have exceeded 95 percent of the market-wide position limit (MWPL). The ban is reversed only if the open interest falls below 80 percent.
Also Read:Trade setup for Friday: 15 things to know before opening bell
Technicals
Hindustan Copper has dipped 1.28 percent over the last month. The stock has been trading below its 20 Daily Moving Average but above 50 DMA and 200 DMA.
Related stories
- Technical View: Nifty may consolidate further with resistance at 23,000, volatility to remain high
- Taking Stock: Sensex down 220 pts, Nifty below 22,900; pharma outperforms
- Sensex, Nifty end in red for third session after choppy session
PEL has tumbled 7 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.
PNB has fallen 5 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above 200 DMA.
India Cements has fallen 8.2 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.
Metropolis Healthcare has gained 5.7 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.
Bandhan Bank has gained 2.3 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below 200 DMA.
NALCO has gained 1.5 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.
IEX has gained 1.2 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.
Balrampur Chini Mills has fallen 2.7 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.
ZEEL has gained 6 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below 200 DMA.
Also Read:Trade Spotlight: How should you trade IndusInd Bank, Maruti Suzuki, Axis Bank, SBI and others?
Aditya Birla Capital has gained 5 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.
Possible Exits
Aditya Birla Capital, Zee Entertainment Enterprises, Balrampur Chini Mills, India Energy Exchange (IEX), National Aluminium Company, Bandhan Bank and Metropolis Healthcare may exit the ban list as these stocks are near the 80 percent MWPL.
Possible Entrants
IDFC First Bank (88.94 percent), Aditya Birla Fashion and Retail (88.5 percent), SAIL (86.84 percent) and Jubilant FoodWorks (85.61 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.
Technicals
IDFC First Bank has fallen 6 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.
Aditya Birla Fashion and Retail has jumped 8 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.
SAIL has gained 2.5 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.
Jubilant FoodWorks has surged 7.7 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below 200 DMA.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Moneycontrol News
Tags: #Nifty
first published: May 24, 2024 07:00 am
${res.must_watch_article[0].headline}
`); } if (res.stay_updated) { $(".stay-updated-ajax").html(res.stay_updated); } } catch (error) { console.log('Error in video', error); } } }) }, 8000); })
