F&O Watch for May 10: Zee, Balrampur Chini and Canara bank in the F&O Ban list

These stocks are prohibited in the F&O sector because they have exceeded 95 percent of the market-wide position limit (MWPL)

Zee Entertainment (96.17 percent), Balrampur Chini Mills (93.22 percent), Canara Bank (91.07 percent), Steel Authority of India (SAIL) (89.66 percent), Vodafone Idea (89.37 percent), GMR Infrastructure (89.21 percent), PNB (85.77 percent), Aditya Birla Fashion and Retail Limited (ABFRL) (81.47 percent), and PEL (80.86 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on May 10.

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.

Technicals

ZEEL has declined 11.91 percent over the last month. The stock has been trading below its 20 Daily Moving Average, 50 DMA and 200 DMA.

Balrampur Chini Mills has fallen 4.09 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

Canara Bank has declined 11.04 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and but above its 200 DMA.

SAIL has gained 0.56 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but above its 200 DMA.

Vodafone Idea has fallen 1.55 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and but above its 200 DMA.

Possible Entrants

India Cements (89.22 percent), Coforge (88.81 percent), LIC Housing Finance (88.59 percent), Hindustan Copper (87.55 percent), IDFC First Bank (86.33 percent), Birlasoft (84.50 percent), Bandhan Bank (83.59 percent), Manappuram (83.20 percent), and GNFC (81.62 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

India Cements has fallen 10.95 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

Coforge has declined 24.38 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

LIC Housing Finance has fallen 4.17 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and but above 200 DMA.

Hind Copper is up 0.73 percent over the last month. The stock has been trading below its 20 DMA but above 50 DMA and its 200 DMA.

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