Derivative agreements in specified securities exceed 95% of the market level level limit. Therefore, they are currently placed in the stock market period, the Nifty said.
It states that all customers / members should trade in derivative agreements of alleged securities to reduce their positions through offsetting positions.
No new positions will be allowed for any F&O contracts in certain stocks when the F&O is under a ban. MWPL (Market Level Level Range) This is the maximum number of contracts that can be opened at any one time (open interest), so open interest is the equivalent of 95% of the MWPL entering into the F&O contracts of that stock.