Lower Circuit Selling

[wayanadan]

How do I sell a stock which hit the lower circuit every day (for the last 1 week or more) within first 1 minute of trading?

 

[skulk]

You can't.

Your best chance is to stand behind your broker and have him enter your trade the second the market opens. If you are using an online system, for your order to be in the beginning of the queue, will be next to impossible.

Then again it depends on demand.

 

[gvgs98]

Ummm interesting strategy for shorting. Unfortunately I am not aware of any bribes to manipulate the trading system.

Good punting.

Cheers
VG

 

[Raviraj1]

Hi guys,
Nothing about manipulation here but just how things work, it can be really frustrating to see your portfolio getting steadfastly depleted every passing day and on top of it not being able to do anything about it. What skulk has written is true, if you are trying to get in/out of a scrip that continously hits circuit then you can ask your broker to put your buy/sell order exactly at 9.55 am in the batch files.
I dont know about other trading portals but reliance money does not allow you to place pre market orders, getting rid of shares through such online terminals is next to impossible. In such a case you can give offline transfer of your shares to your broker and try the batch files route. Good luck.

 

[lucastp_532]

i have 100 shares of FTCSF3YGRO @ 22, the stock is in lower circut , what do i do with this stock.
(Franklin Templeton Asset Management (India) Pvt. Ltd. has informed the Exchange that the Net Asset Value (per unit) January 29, 2008, is Rs.11.1317.)
i not sure if i can sell this stock.

 

[wayanadan]

I had some shares of Geojit @ 120, and it was continuously hitting the lower circuit for one week.. It went down to 87 on Monday. I put sell order on Tuesday morning in Sharekhan and my order got executed at 10:02 AM @84 even though it hit the lower circuit 82. But my bad luck.. after 2 hours the value raised to 93...