F&O Ban Watch for Jan 9: PVR Inox, Biocon likely to join the list, IEX may exit

F&O Ban: IEX, GNFC and Balrampur Chini Mills may exit the ban list as the MWPL is near 80 percent.

Hindustan Copper (MWPL: 112.09 percent), Bandhan Bank (107.69 percent), Escorts (92.83 percent), India Cements (92.1 percent), Piramal Enterprises (91.79 percent), National Aluminium Company (89.04 percent), Chambal Fertilisers & Chemicals (87.86 percent), SAIL (86.95 percent), Delta Corp (86.78 percent), Zee Entertainment Enterprises (85.95 percent), Indian Energy Exchange (83.67 percent), GNFC (83 percent) and Balrampur Chini Mills (82.04 percent) have been placed on the National Stock Exchange's futures and options (F&O) ban for trade on January 9.

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.

Possible Entrants

BHEL (93.69 percent), Indus Towers (91.6 percent), PVR Inox (87.81 percent), Biocon (87.36 percent), Ashok Leyland (83.3 percent), UPL (81.94 percent) and Aditya Birla Fashion and Retail (81.42 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

BHEL stock has jumped 8.93 percent over the last month. The stock is trading above its 20-day, 50-day and 200-day moving averages.

Indus Towers has surged 11.8 percent over the last month.  The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

PVR Inox has tanked 10.5 percent over the last month.  The stock is trading below its 20 DMA and 50 DMA but above 200 DMA.

Biocon has soared 17 percent over the last month.  The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

Ashok Leyland has gained 1.59 percent over the last month.  The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

UPL has tumbled 6.83 percent over the last month. The stock is trading below its 20 DMA, 50 DMA and 200 DMA.

ABFRL has fallen 1.58 percent over the last month.  The stock is trading below its 20 DMA but above 50 DMA and 200 DMA.

Possible Exits

IEX, GNFC and Balrampur Chini Mills may exit the ban list as the MWPL has come near 80 percent.

Technicals

IEX stock has gained 4.65 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

GNFC stock has risen 1.91 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

Balrampur Chini Mills stock has dipped 0.06 percent over the last month. The stock is trading above 20 DMA and 200 DMA but below 50 DMA.