F&O Watch for January 11: IRCTC likely to join NSE ban list, NALCO may exit

NALCO, SAIL, Chambal Fertilisers, IEX and Balrampur Chini Mills may exit the ban list as the MWPL is near 80 percent.

Zee Entertainment Enterprises (107.18 percent), Hindustan Copper (101.04 percent), PVR Inox (98.89 percent), Indus Tower (95.47 percent), Bandhan Bank ( 93.36 percent), Escorts Kubota (87.57 percent), India Cements ( 87.23 percent), Piramal Enterprises (86.30 percent), National Aluminium Company (83.81 percent), Steel Authority of India (83.69 percent), Chambal Fertlisers and Chemicals (81.47 percent), Indian Energy Exchange (80.50 percent), Balrampur Chini Mills (80.19 percent) have been placed on the National Stock Exchange's futures and options (F&O) ban for trade on January 11.

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 (91.42 percent), Biocon (89.45 percent ), Aditya Birla Fashion and Retail (87.02 percent),  Ashok Leyland (86.59 percent), UPL (84.13 percent), RBL Bank (82.87 percent) and IRCTC (80.13 percent)may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals 
BHEL has surged 11.33 percent over the last month. The stock is trading above its 20-day, 50-day and 200-day moving averages.

Biocon stock has gained 17.31 percent over the last month. The stock is trading above its 20-day, 50-day and 200-day moving averages.

Aditya Birla Fashion and Retail has fallen 3.52 percent over the last month. The stock is trading below its 20 DMA but above 50 DMA and 200 DMA.

Ashok Leyland has gained 0.03 percent over the last month. The stock is trading below its 20 DMA but above 50 DMA and 200 DMA.

UPL has slumped 7.18 percent over the last month. The stock is trading below its 20 DMA, 50 DMA and 200 DMA.

RBL Bank had gained 2.98 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

IRCTC has jumped 23.88 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

Possible Exits
National Aluminium Company, Steel Authority of India, Chambal Fertilisers and Chemicals, Indian Energy Exchange and Balrampur Chini Mills may exit the ban list as the MWPL has come near 80 percent.

Technicals 
National Aluminium Company has jumped 33.11 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

Steel Authority of India has gained 14.38 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

Chambal Fertilisers and Chemicals has surged 7.65 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

Indian Energy Exchange has jumped 7.45 percent over the last month. The stock is trading above its 20 DMA, 50 DMA and 200 DMA.

Balrampur Chini Mills has fallen 1.71 percent over the last month. The stock is trading below its 20 DMA, 50 DMA and 200 DMA.