Can we go long and or short on a banned security (F&O derivative)?

Can we go long and or short on a security (F&O derivative) which is banned due to number of contract (open interest) exceeding the limit (95%)?

You can’t trade in banned securities if your broker is Zerodha.

You can trade using MIS . If you are a LG ready holding positions your exit. Banning in the you can not execute NRML order. MIS Orders can be taken I think.

I traded ADANI power short closed.

You can not create Fresh short position. Existing contracts can be traded.

Request you both to read this Tradingqna