F&O Watch for March 13: National Aluminum Company, PEL make it to NSE Ban list

National Aluminium Company and PEL made the ban list as their MWPL breached the 95 percent MWPL.

NALCO (105.77 percent), SAIL (102.72 percent), PEL (102.01 percent), Aditya Birla Fashion and Retail (92.95 percent), Tata Chemicals (90.20 percent), Hindustan Copper (90.12 percent), Manappuram Finance (89.99 percent), Zee Entertainment (86.70 percent) and Mahanagar Gas (83.44 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on March 13.

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 (89.75 percent), PVR Inox (89.23 percent), RBL Bank (88.95 percent), GNFC (88.52 percent), Biocon (85.01 percent), Bandhan Bank (84.45 percent), Indus Towers (83.81 percent) and Vodafone Idea (81.92 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

BHEL has surged 14.37 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA, and 200 DMA.

PVR Inox has declined 1.03 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA, and 200 DMA.

RBL Bank has fallen 0.76 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA but above its 200 DMA.

GNFC has plunged 3.25 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

Biocon has gained 1.14 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

Bandhan Bank has plummeted 5.25 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

Indus Towers has surged 17.86 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA, and 200 DMA.

Vodafone Idea has nosedived 7.14 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

Possible Exits

Mahanagar Gas (83.44 percent) may exit the ban list as their MWPL has come near 80 percent.

Technicals

Mahanagar Gas has fallen 11.36 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA, and 200 DMA.