In Wednesdays trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached, whether the stock has seen a buildup of a fresh long position or not.
The rupee appreciated 11 paise to close at 82.85 against the US dollar on Thursday, tracking the broad weakness of the American currency in the overseas market.
"We expect market sentiment to strengthen further as the prospect of a pre-election rally is quite strong," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
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%.
Balrampur Chini Mills, Bandhan Bank, Delta Corp, Escorts, GNFC, Hindustan Copper, National Aluminium Company, Piramal Enterprises and SAIL are the other 9 stocks that are a part of the F&O ban list.