F&O Watch for May 24: PEL, NALCO, IEX, PNB, ZEEL and others on NSE ban list today

F&O Ban

Hindustan Copper (124.21 percent), Piramal Enterprises (PEL) (88.61 percent), Punjab National Bank (88.11 percent), India Cements (85.88 percent), Metropolis Healthcare (84.89 percent), Bandhan Bank (83.62 percent), National Aluminium Company (83 percent), India Energy Exchange (IEX) (82.12 percent), Balrampur Chini Mills (81.27 percent), Zee Entertainment Enterprises (80.98 percent) and Aditya Birla Capital (80.47 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on May 24.

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.

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Technicals

Hindustan Copper has dipped 1.28 percent over the last month. The stock has been trading below its 20 Daily Moving Average but above 50 DMA and 200 DMA.

PEL has tumbled 7 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

PNB has fallen 5 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above 200 DMA.

India Cements has fallen 8.2 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

Metropolis Healthcare has gained 5.7 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

Bandhan Bank has gained 2.3 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below 200 DMA.

NALCO has gained 1.5 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

IEX has gained 1.2 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

Balrampur Chini Mills has fallen 2.7 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

ZEEL has gained 6 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below 200 DMA.

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Aditya Birla Capital has gained 5 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

Possible Exits

Aditya Birla Capital, Zee Entertainment Enterprises, Balrampur Chini Mills, India Energy Exchange (IEX), National Aluminium Company, Bandhan Bank and Metropolis Healthcare may exit the ban list as these stocks are near the 80 percent MWPL.

Possible Entrants

IDFC First Bank (88.94 percent), Aditya Birla Fashion and Retail (88.5 percent), SAIL (86.84 percent) and Jubilant FoodWorks (85.61 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

IDFC First Bank has fallen 6 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 jumped 8 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

SAIL has gained 2.5 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

Jubilant FoodWorks has surged 7.7 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below 200 DMA.

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