Five stocks witnessing long unwinding
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
On Tuesday, February 27, 2024, the National Stock Exchange (NSE) placed restrictions on trading for five stocks within the futures and options (F&O) segment. These securities have reached the suspension threshold, exceeding 95 per cent of the market-wide position limit (MWPL), as stated by the NSE.
Despite this, these stocks will remain tradable within the cash market.
The stocks facing this restriction include Aditya Birla Fashion and Retail, Balrampur Chini Mills, Canara Bank, SAIL, and ZEEL, all of which have been added to the F&O ban list for February 27 by the exchange.
Following are the stocks where profit booking is seen taking place in the F&O segment.
|
Company Name
|
Expiry Date
|
LTP (Rs)
|
Net Change
|
% Change
|
OI Change %
|
|
Glenmark Pharmaceuticals Ltd
|
29 FEB'24
|
922.10
|
-7.30
|
-0.79%
|
-53.45%
|
|
Alkem Laboratories Ltd
|
29 FEB'24
|
5023.15
|
-24.50
|
-0.49%
|
-38.41%
|
|
Sun Tv Network Ltd
|
29 FEB'24
|
630.55
|
-3.75
|
-0.59%
|
-37.43%
|
|
Container Corporation of India Ltd
|
29 FEB'24
|
989.25
|
-0.70
|
-0.07%
|
-36.46%
|
|
Granules India Ltd
|
29 FEB'24
|
467.80
|
-1.80
|
-0.38%
|
-36.03%
|
Disclaimer: The article is for informational purposes only and not investment advice.