F&O Watch for May 8: Zee Entertainment Enterprises and PNB enter the NSE Ban list

Stock Ideas

Zee Entertainment Enterprises (99.85 percent), Balrampur Chini Mills (98.40 percent), PNB (98.38 percent), GMR Airports Infra (93.86 percent), SAIL (93.44 percent), Vodafone Idea (91.98 percent), Aditya Birla Fashion and Retail (84.60 percent) and Biocon (82.83 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on May 8.

These stocks are prohibited in the F&O sector because they have exceeded 95 percent of the market-wide position limit (MWPL). A ban is reversed only if the open interest falls below 80 percent.

Technicals

Zee Entertainment Enterprises has declined 10.82 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 2.46 percent over the last month. The stock has been trading below its 20 DMA and 200 DMA but above its 50 DMA.

PNB has plunged 8.13 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

GMR Airports Infra has nosedived 7.82 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

SAIL has rallied 6.9 percent over the last month. The stock has been trading below its 20 DMA but above its 50 DMA and 200 DMA.

Vodafone Idea has fallen 5.7 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 surged 6.27 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

Biocon has advanced 8.09 percent over the last month.

Possible Entrants

Hindustan Copper (87.79 percent), India Cements (87.24 percent), Canara Bank (87.05 percent), Coforge (86.52 percent), LIC Housing Finance (86.48 percent), Birlasoft (84.43 percent), IDFC First Bank (82.87 percent), PEL (81.76 percent), Bandhan Bank (81.22 percent) and IEX (80.52 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

Hindustan Copper has rallied 10.76 percent over the last month. The stock has been trading below its 20 DMA but above its 50 DMA and 200 DMA.

India Cements had fallen 9.95 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

Canara Bank has declined 5.74 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

Coforge has fallen 22.07 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

LIC Housing Finance has plunged 3.99 percent over the last month. The stock has been trading below its 20 DMA and 50 DMA but above its 200 DMA.

Birlasoft has nosedived 15.89 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

IDFC First Bank has fallen 5.7 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

PEL has surged 6.71 percent over the last month. The stock has been trading above its 20 DMA and 50 DMA but below its 200 DMA.

Bandhan Bank has declined 1.97 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

IEX has gained 2.06 percent over the last month. The stock has been trading below its 20 DMA but above its 50 DMA and 200 DMA.