F&O Watch for March 22: SAIL makes it to NSE ban list, Zee likely to exit

Sarda Energy and Minerals: Natural Resources Energy, the subsidiary joint venture company, has received the Letter of Intent for composite license from the Industry, Energy, Labour, and Mining Department, Government of Maharashtra, for Surjagad 1 iron ore block in Maharashtra. It has received a composite license for iron ore on an area of 1526 hectares. Sarda Energy has a 51 percent economic interest in the joint venture company.

SAIL (103.85 percent), Tata Chemicals (88.84 percent), Indus Towers (88.25 percent), Biocon (86.60 percent), Balrampur Chini Mills (85.52 percent), Zee Entertainment (82.94 percent), Piramal Enterprises (80.06 percent) have been placed under ban on the National Stock Exchange futures and options (F&O) trade on March 22.

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

NALCO (94.09 percent), India Cements (89.52 percent), Bandhan Bank (87.12 percent), PVR Inox (84.85 percent), Aditya Birla Fashion and Retail (84.18 percent), Vodafone Idea (84.08 percent), NMDC (83.33 percent), Manappuram Finance (82.26 percent), BHEL (81.46 percent), PNB (81.35 percent), GNFC (80.64 percent), Canara Bank (80.01 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

- NALCO has fallen 9.84 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- India Cements has plunged 18.04 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Bandhan Bank has slumped 11.22 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- PVR Inox has declined 4.9 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Aditya Birla Fashion and Retail has fallen 9.13 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Vodafone Idea has nosedived 21.47 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- NMDC has fallen 12.76 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- Manappuram Finance has declined 4.95 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- BHEL has surged 3.92 percent over the last month.The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- PNB has plunged 6.01 percent over the last month. The stock has been trading below its 20 DMA but above its 50 DMA and 200 DMA.

- GNFC has fallen 7.1 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Canara Bank has declined 3.13 percent over the last month. The stock has been trading below its 20 DMA but above its 50 DMA and 200 DMA.

Possible Exits

Zee Entertainment (82.94 percent) and Piramal Enterprises (80.06 percent) may exit the ban list as their MWPL has come near 80 percent.

Technicals

- Zee Entertainment has plunged 16.27 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Piramal Enterprises has fallen 9.19 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.