F&O Watch for March 14: RBL Bank enters NSE ban list, Hind Copper likely to exit

Koura Fine Diamond Jewelry: The gold and diamond jewelry wholesaler is set to list its equity shares on the BSE SME on March 14. The issue price is Rs 55 per share. The stock will be in trade-for-trade segment for 10 trading days.

RBL Bank (96.65 percent), PEL (93.68 percent), SAIL (90.74 percent), National Aluminium Company (89.94 percent), Aditya Birla Fashion and Retail (86.60 percent), Manappuram Finance (85.70 percent), Zee Entertainment (85.23 percent), Tata Chemicals (85.16 percent) and Hindustan Copper (81.69 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on March 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.

Possible Entrants

BHEL (93.65 percent), PVR Inox (93.29 percent), Bandhan Bank (88.75 percent), Biocon (87.61 percent), GNFC (87.49 percent), India Cements (86.17 percent), Indus Towers (85.90 percent), Balrampur Chini Mills (82.14 percent), Vodafone Idea (81.15 percent) and Ashok Leyland (80.17 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

- BHEL has gained 0.16 percent over the last month. The stock has been trading below its 20 DMA, but above its 50 DMA and 200 DMA.

- PVR Inox has fallen 5.43 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Bandhan Bank has declined 10.79 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Biocon has plummeted 7.21 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- GNFC has declined 7.3 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- India Cements has fallen 16.71 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Indus Towers has surged 7.94 percent over the last month. The stock has been trading below its 20 DMA but above its 50 DMA and 200 DMA.

- Balrampur Chini Mills has slipped 6.2 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Vodafone Idea has plunged 20.26 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- Ashok Leyland has plummeted 8.06 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

Possible Exits

Hindustan Copper (81.69 percent) may exit the ban list as their MWPL has come near 80 percent.

Technicals

- Hindustan Copper has plunged 9.52 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.