The F&O 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 on it is reversed only if the open interest falls below 80%.
Traders who trade in indices do not encounter a situation of security ban.
The MWPL for Indiabulls Housing stood at 89.6% on Friday with OI reported by Trendlyne at 51.9 million. It was down 1.2% from the previous session.
IB Housing Finance shares settled at Rs 109.65 on the NSE on Friday, down 1.70%.
According to data available on Trendlyne, the MWPL for IEX stood at 111.4% with OI reported by Trendlyne at 55.8 million. It was up 16.2% from the previous session.
IEX shares ended at Rs 122.85 on Friday, down 9.97%.Meanwhile, the MWPL for The India Cements stood at 110.3% with OI reported by Trendlyne at 20.1 million. It was up 13.8% from the previous session.
India Cements shares ended 6.69% higher at Rs 229.75.
Indian frontline indices S&P BSE Sensex and Nifty50 ended Friday with declines, registering a second successive loss. While the Sensex closed at 62,625.63, down by 223.01 points or 0.35%, the broader Nifty50 settled at 18,563.40, down by 71.15 points or 0.38%. Nifty Bank finished at 43,989, lower by 6.25 points or 0.01%
“It has been a lethargic period for our headline indices but there is no shortage of real action in the broader end of the spectrum. Individual themes continue to unfold one after another and stocks are giving mesmerising moves in the meantime. Traders should ideally focus on this and it is better to stay light in index-specific trades till the time the range breakout happens in key indices,” Sameet Chavan, Head Research, Technical and Derivatives at Angel One said.
“As far as levels are concerned, 18,500 – 18,450 is to be considered as a cluster of supports, whereas on the other hand, 18680 – 18780 are to be seen as major hurdles. Hopefully, the global bourses provide the much-needed trigger for our market and then the Nifty can certainly challenge its record highs,” Chavan said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
