F&O Ban Today: F&O Ban: Delta Corp, Balrampur Chini under ban for trade on Monday


Two stocks – Delta Corp and Balrampur Chini Mills are under the F&O ban for trade on Monday, April 17, according to the data available on the NSE. The stock, however, will be available for trading in the cash market.

Both Delta Corp and Balrampur entered the ban last week.

The future & options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%.

Traders who trade in indices do not encounter a situation of security ban.

According to data available on Trendlyne, the MWPL for Delta Corp stood at 89.6% on Thursday with OI reported by Trendlyne at 15.9 million. It was down 3.3% from the previous session.

Delta Corp shares ended marginally higher at Rs 190.80 on Thursday. The markets were shut for trading on Friday on account of Ambedkar Jayanti.

Meanwhile, the MWPL for Balrampur Chini stood at 95.1% with OI reported by Trendlyne at 8 million. It was down 10.4% from the previous session. Balrampur Chini shares closed at Rs 403.30, down by Rs 9.20 or 2.30%.Indian markets ended Thursday with minor gains, though they managed to maintain their winning streak for the 9th consecutive trading session. While the S&P BSE Sensex closed at 60,431, up by 38.23 points or 0.66% from Wednesday’s closing, the broader market Nifty50 was up by 15.60 points or 0.09% at 17,828. Nifty Bank finished at 42,132.55, gaining 574.60 points or 1.38%.

“The Nifty continued with positive momentum and closed with gains for the ninth consecutive trading session. On the charts, we can observe that the Nifty witnessed an intraday dip however the zone of 17,750 – 17,720 where support in the form of the 20-hour moving average was placed absorbed the selling pressure and restricted further slide,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas said.

“On a weekly basis, the Nifty has managed to close above the 20-week moving average (17,789) which is a Bullish sign. The weekly momentum indicator has triggered a fresh positive crossover which is a buy signal. On a higher time frame, chart structure has turned in favour of the bulls,” Gedia said.

“Considering the sharp run-up in the previous nine trading sessions, a consolidation is highly probable and it should be considered as a buying opportunity. In terms of levels, 17,860 – 17,900 is the immediate hurdle one while 17,730 – 17,700 shall act as crucial support from a short-term perspective. On the upside we expect the Nifty to target levels of 18,000,” the Sharekhan analyst said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



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