F&O Watch for March 28: Zee Entertainment and Hindustan Copper on the NSE ban list

Zee Entertainment and Hindustan Copper are in the NSE Ban list as MWPL breached 95 percent.

Zee Entertainment (110.45 percent) and Hindustan Copper (95.69 percent)  have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on March 28.

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

Tata Chemicals (89.54 percent), India Cements (89.13 percent), Vodafone Idea (87.33 percent), NALCO (85.91 percent), Bandhan Bank (85.40 percent), Indus Towers (83.75 percent) and Aditya Birla Fashion and Retail (82.59 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

- Tata Chemicals has rallied 17.45 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- India Cements has declined 6.12 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Vodafone Idea has fallen 2.56 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

- NALCO has declined 0.10 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- Bandhan Bank has plunged 7.98 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- Indus Towers has surged 15.43 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 fallen 11.43 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.