F&O WATCH FOR APRIL 23: HINDUSTAN COPPER JOINS THE BAN LIST, SAIL MAY EXIT

Hindustan Copper (101.04 percent), Vodafone Idea (93.92 percent), Zee Entertainment (88.38 percent), Biocon (82.48 percent), PEL (80.91 percent) and SAIL (80.47 percent) have been placed on the list of stocks under ban from futures and options (F&O) trade on the National Stock Exchange on April 23.

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

LIC Housing Finance (92.09 percent), Canara Bank (89.89 percent), Nalco (89.89 percent), India Cements (85.24 percent), Tata Chemicals (85.02 percent), Indus Towers (83.60 percent) and Aditya Birla Fashion and Retail (80.58 percent) may enter the ban list as these stocks are hovering near the 95 percent MWPL.

Technicals

- LIC Housing Finance has gained 11.61 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- Canara Bank has advanced 4.91 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- Nalco has rallied 22.38 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- India Cements has gained 5.21 percent over the last month. The stock has been trading above its 20 DMA but below its 50 DMA and 200 DMA.

- Tata Chemicals has jumped 2.39 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- Indus Towers has surged 23.06 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 zoomed 16.76 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

Possible Exits

Biocon (82.48 percent), PEL (80.91 percent) and SAIL (80.47 percent) may exit the ban list as its MWPL has come near 80 percent.

Technicals

- Biocon has gained 5.41 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

- PEL has declined 2.62 percent over the last month. The stock has been trading below its 20 DMA, 50 DMA and 200 DMA.

- SAIL has surged 14.28 percent over the last month. The stock has been trading above its 20 DMA, 50 DMA and 200 DMA.

2024-04-23T00:56:17Z dg43tfdfdgfd