F&O Watch for May 14: Vodafone Idea, PEL, SAIL, ZEEL, PNB and others in the ban list

These stocks are prohibited in the F&O sector because they have exceeded 95 percent of the market-wide position limit (MWPL)

Piramal Enterprises (101.36 percent), Balrampur Chini Mills (90.28 percent), Canara Bank (84.81 percent), Steel Authority of India (SAIL) (87.43 percent), Vodafone Idea (88.73 percent), GMR Airports Infrastructure (87.1 percent), PNB (81.48 percent), Hindustan Copper (91.98 percent), and Zee Entertainment Enterprises (94.87 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade list on May 14.

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.

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Technicals

Piramal Enterprises has dipped 1.21 percent over the last month. The stock has been trading below its 20 Daily Moving Average (DMA), 50 DMA, and 200 DMA.

Balrampur Chini Mills has gained 1.09 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA, and 200 DMA.

Canara Bank has declined 7 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above 200 DMA.

SAIL has risen 3.94 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA, and 200 DMA.

Vodafone Idea has declined 3.8 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA, and 200 DMA.

GMR Airports Infrastructure has risen 2.17 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above 200 DMA.

Punjab National Bank has fallen 7 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above 200 DMA.

Hindustan Copper has gained 4.2 percent over the last month. The stock has been trading below its 20 DMA but above 50 DMA and 200 DMA.

ZEEL has tumbled 8.57 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA, and 200 DMA.

Possible Entrants

BirlaSoft (92.37 percent), India Cements (91.28 percent), LIC Housing Finance (90.58 percent), Bandhan Bank (88.21 percent), and Biocon (87.67 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

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Technicals

BirlaSoft has fallen 16.9 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA, and 200 DMA.

India Cements has fallen 7.6 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA, and 200 DMA.

LIC Housing Finance has fallen 2.72 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above 200 DMA.

Bandhan Bank has gained 7 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below 200 DMA.

Biocon has fallen risen 13.85 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA, and 200 DMA.

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