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F&O Ban: IB Housing Finance, HAL under ban for trade on Monday; Biocon exits

 Two shares - Indiabulls Housing Finance and Hindustan Aeronautics (HAL) are below the F&O ban on Monday, 27 March 2023, in keeping with records to be had at the NSE. While HAL entered the F&O ban closing week, Indiabulls has been below the ban duration for a while now.

Biocon, which changed into below the ban closing week, has exited from the list.

The Future & Options contracts of any inventory input the ban duration while the open hobby (OI) on it crosses ninety five% of the market-extensive positions limits or MWPL. The ban on it's miles reversed handiest if the open hobby falls under 80%.

Traders who alternate in indices do now no longer come upon a scenario of protection ban.

According to records to be had on Trendlyne, the MWPL of Indiabulls Housing stood at 82.1% on Friday with OI suggested via way of means of Trendlyne at 41.2 million. It changed into down 6.2% from the preceding consultation.

The MWPL of HAL stood at 81.9% with OI suggested via way of means of Trendlyne at 2.five million. It changed into down 30.five% from the preceding consultation.

The shares might be to be had for buying and selling withinside the coins market.

On Friday, IB Housing stocks settled at Rs ninety five, down Rs 3.ninety five or 3.99%. Meanwhile, HAL stocks ended up via way of means of Rs 62.sixty five or 2.51% at 2,559.

"The Nifty witnessed an incredibly unstable day of alternate on Friday. It changed into consolidating in a slim variety all through the primary 1/2 of of the consultation. However, because the day advanced and specially over the last couple hours of the buying and selling consultation the Nifty witnessed excessive promoting stress which dragged the Nifty decrease to shut with a reduce of 132 points," Jatin Gedia, Technical Research Analyst at Sharekhan via way of means of BNP Paribas said.

"On the hourly charts, we will take a look at that the Nifty is buying and selling withinside the area of 16,910 – 16,970 in which the important Fibonacci retracement degrees of the preceding upward thrust from 16,828 – 17,207 are placed. This area will be the make or smash aid area and if the Nifty fails to keep directly to this aid, it's miles possibly that the Nifty has began out the subsequent leg of the fall," Gedia cautioned.

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