F&O Watch for April 18: NSE ban list entry for Vodafone Idea

F&O Watch for April 18: NSE ban list entry for Vodafone Idea

The equities of Canara Bank, Tata Chemicals, Biocon, Vedanta, PNB, Manappuram Finance, Aditya Birla Fashion and Retail, and Indus Towers are getting close to the 95 percent MWPL, therefore these companies might end up on the banned list.

Listed for a ban on futures and options (F&O) trading on the National Stock Exchange for April 18 are Vodafone Idea (115.67 percent), Metropolis Healthcare (95.56 percent), Bandhan Bank (91.95 percent), PEL (91.92 percent), Zee Entertainment (91.60 percent), SAIL (91.19 percent), GNFC (88.38 percent), Hindustan Copper (87.89 percent), NALCO (86.80 percent), and Balrampur Chini Mills (86.64 percent).

These stocks have crossed above 95% of the market-wide position limit (MWPL), which makes them forbidden in the F&O sector. Reversing the prohibition is contingent upon the open interest falling below 80 percent.

Potential Participants

Given that their stocks are in close proximity to the 95 percent MWPL, Canara Bank (87.94 percent), Tata Chemicals (87.52 percent), Biocon (87.44 percent), Vedanta (86.52 percent), PNB (85.99 percent), Manappuram Finance (83.80 percent), Aditya Birla Fashion and Retail (81.73 percent), and Indus Towers (80.76 percent) could be placed on the ban list.

Technicals

The past month has seen a 5.95% increase in Canara Bank. The stock has been trading above its 200 DMA but below its 20 and 50 DMAs.

- In the last month, Tata Chemicals' shares have dropped by 2.41 percent. Over its 20 DMA, 50 DMA, and 200 DMA, the stock has been trading.

Biocon's price has increased by 5.33 percent in the last month. The stock has been trading below its 50 DMA but above its 200 and 20 DMAs.

Vedanta has increased in value by 39.42% in the last month. Over its 20 DMA, 50 DMA, and 200 DMA, the stock has been trading.

- PNB has increased by 7.42% in the last month. Over its 20 DMA, 50 DMA, and 200 DMA, the stock has been trading.

- Over the last month, Manappuram Finance has increased by 12.97 percent. Over its 20 DMA, 50 DMA, and 200 DMA, the stock has been trading.

- Over the last month, Aditya Birla Fashion & Retail has increased by 11.72 percent. Over its 20 DMA, 50 DMA, and 200 DMA, the stock has been trading.

- Over the last month, Indus Towers has increased 34.21 percent. Over its 20 DMA, 50 DMA, and 200 DMA, the stock has been trading.