General Trading Chat

[Simple.Trader]

Please suggest why others were able to place orders out of limit but I couldnt. How to manage or put order out of limit, next time. This is not the first time I am facing it.

 

[Riskyman]

Please suggest why others were able to place orders out of limit but I couldnt. How to manage or put order out of limit, next time. This is not the first time I am facing it.

You could not because there was a circuit filter in place. When price falls to the circuit filter level, there is a freeze on any buy orders. Because you were bidding lower than the established filter level, your order was rejected. Then, when the filter is lifted by the exchange, there is a rush of orders coming in from computer algos which are in a position to execute their orders much much faster than yours. On most normal days, the circuit filters are removed by the exchange within a few seconds of the price hitting the filter level.
You simply cannot put order outside the upper/lower bands as it will be straight out rejected by the exchange system.
If you want faster execution at the time of filter lifting, I suggest you set up a really fast computer server with an order executing algo at a short distance from the NSE building

 

[john302928]

Hello Friends,

I have shorted DHFL in the morning, yesterday. Than it made a new low and there was no buyer in best five window. Buyers freezed. I tried to get a fill by typing a new Buying Bid below 5 points of new low. But my order was rejected saying some Circuit Limit. But I saw new Buying orders from someone else at a gap of few seconds. It made new low again. Then again I gave buying order below low. Again rejected citing same reason. Seniors please help. Why I was not able to place order but someone else could. Second how to place orders out of intraday circuit limit?

Regards

Simple Trader

From what i understood from your actions is that after it hit lower circuit limit you placed a buying order below the lower circuitlimit. it will get rejected. because you cant place an order below the circuit limit. either should have placed the order with the circuit limit value or if you wanted to place lower than the current froze lower limit then you should wait till the circuit limits are revised and then placed the order. the reason why other person was able to buy is that he would have placed his order after the limit is revised. that could be the difference. if you had already noticed this and thia is not the issue then perhaps you should check with your broker as well. meanwhile let others also respond to your query if they feel something else could be an issue

 

[john302928]

Update on 2 jun 2018. HEG looks to have completed one of the higher degree wave 5 so probability of it getting corrected is more as analysed earlier.Be cautious. If it breaks wave 5 again on the upside then we might consider wave 5 is not yet over and might proceed as ED as analysed earlier
View attachment 25783

Update on 29 sep 2018. In continuation to previous analysis. earlier it was looking like correcting and corrected 22% and then started moving up. Since we had probability open on the upside as well, it didnt come as a surprise because I made it clear that if it broke the previously plot high then it was likely to become ED and it did and from wave 5 it was expected to correct 40-60% and it is falling after completing ED. so far it has corrected 27% and job only half done.

 

[ravi2126]

Octopus r increasing day by day.....

 

[ravi2126]

Stocks that lost between 30-70% In The Month Of September

 

[superman]

You are unaware that your information is very wrong. Even F&O scrips have circuit filters. Every stock has a circuit filter irrespective of whether F&O or not. However, for F&O stocks circuit filters are removed at the discretion of the Exchange in consideration with volatility, liquidity etc and trading continues normally.

Attaching a quote of Reliance from NSE. You can see upper and lower Bands for the day i.e circuit levels.

View attachment 28908

Yes , I was wrong earlier but I never personally never faced circuit limits for F&O stocks. INFIBEAM dropped -70% and so does DHFL and YESBANK. There was no intervention by exchange and limits were removed in fraction of seconds so it has to be a automated process. Exchange has no right to stop any trading for F&O scrips.

 

[Dr. Jan Itor]

View attachment 28921 View attachment 28922


Octopus r increasing day by day.....

Haha. Ye Michael Vaughan bhi DHFL mein invest kiya lagta hai. He booked losses and got money only for one Thai massage it seems.

 

[Riskyman]

Yes , I was wrong earlier but I never personally never faced circuit limits for F&O stocks. INFIBEAM dropped -70% and so does DHFL and YESBANK. There was no intervention by exchange and limits were removed in fraction of seconds so it has to be a automated process. Exchange has no right to stop any trading for F&O scrips.

1.You never faced it doesnt mean it doesnt exist.

2.The fact that all these stocks fell more than 10% in a day means that there was intervention from the exchange i.e the exchange stepped in and removed the circuit filters.

3.Then who has the right? You and me? The exchange has the right to stop trading for any scrip if it so chooses to do so.

 

[vsaran]

kotak bank down by 4.52%