F&O Watch for Feb 12: Zee Entertainment enters NSE ban List

F&O Ban: Zee Entertainment has made it into the ban list as itsMWPL breached the 95 percent MWPL.

Indus Towers (105.21 percent), Zee Entertainment (102.74 percent), Steel Authority of India (95.96 percent), Aurobindo Pharma (91.77 percent), India Cements (91.63 percent), Delta Corp (91.24 percent), Balrampur Chini Mills (91.17 percent), Ashok Leyland (89.73 percent), Biocon (88.85 percent), PNB (88.82 percent), Hindustan Copper (84.63 percent) and UPL (80.98 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on February 12.

These stocks are prohibited in the F&O space because they have exceeded the 95 percent of the market-wide position limit (MWPL). The ban is reversed only if the open interest falls below 80 percent.

Possible Entrants

Canara Bank (91.32 percent), Aditya Birla Fashion and Retail (88.92 percent), Piramal Enterprises (88.68 percent), Bandhan Bank (88.25 percent), RBL Bank (87.90 percent), Tata Chemicals (87.35 percent), GMR Airports Infra (86.43 percent), GNFC (86.06 percent), Escorts Kubota (85.41 percent), PVR Inox (83.79 percent) and Manappuram Finance (81.47 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

- Canara Bank has soared 27.24 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- Aditya Birla Fashion and Retail has surged 10.96 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- Piramal Enterprises has fallen 3.12 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Bandhan Bank has plunged 6.23 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- RBL Bank has slipped 8.22 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- Tata Chemicals has nosedived 12.57 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- GMR Airports Infra has gained 2.55 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- GNFC has plunged 12.85 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- Escorts Kubota has fallen 0.95 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- PVR Inox has nosedived 9.12 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Manappuram Finance has gained 9.31 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

Possible Exits

Hindustan Copper (84.63 percent) and UPL (80.98 percent) may exit the ban list as MWPL has come near 80 percent.

Technicals

- Hindustan Copper has gained 0.3 percent over the last month. The stock has been trading below its 20 DMA, but above its 50 DMA and 200 DMA.

- UPL has fallen 17.7 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.