Never Trade in Indiabulls !!!!

[Radheshyam Sharma]

Whether it is Indiabulls or any other broker, the final responsibility is yours, since it is your money.
No tip from any investment advisor/broker/magazine is worth the paper they are given on.
If they themselves were sure of their tips, they would earn money directly themselves instead of earning a paltry sum by advising. like Warren Buffet.
The share market is completely unpredictable and all the advisors give are guess work based on their previous experience.
If they are right, they will say, I told you so.
If they are wrong, they will keep quiet and you my friend will have to bear the cross.
Even the analysis charts also give you a guidance that under the present circumstances the script may go up or down. But there are many imponderable variances which can completely alter the scenario.
Hence no point in blaming Indiabulls. Blame it on your stars.
By the way, I would like the the last 5 years Historical Bhav copies of daily prices of scripts of BSE.
Could anybody help me?
R.S.Sharma

 

[trader31339]

I am unable to digest that a person has not instructed any orders , but he is accepting the trades !!! I doubt the persons statements!

 

[mohdbinhaid]

I am unable to digest that a person has not instructed any orders , but he is accepting the trades !!! I doubt the persons statements!

Hello friends,

I was out of the station for a week and was unable to log in to traderji. A lot of action has taken place on this thread but wht i have read abt the person statements, i too feel they have been exagerated a lot.

Mohammed Bin Haid

 

[shrinivas]

Hello friends,

I was out of the station for a week and was unable to log in to traderji. A lot of action has taken place on this thread but wht i have read abt the person statements, i too feel they have been exagerated a lot.

Mohammed Bin Haid

Dear Mhmd,

I will tell you just one trade.....bombay dyeing..i had instructed buy of 300 and after sometime, i could find that they had purchased 3000....the computer operators name was shakti who works for indiabulls(currently based in CP branch)....I had complaint this and they insisted that i had ordered 3000....on checking it was found that i was right.....he is very young.....this trade took place in may.....he apologised......

another incident, I called indiabulls..he called me back and i checked the rates of bajaj hindustan......later i discovered that he had bought the stocks...I was shocked to see the trade (i could get hold of this trade after sometime)...he said that i had instructed the trade..the RM supported it...later I insisted on proofs.....since there were no proofs, he very smartly co-related my enquiry with that purchase....still it was his mistake....though i wanted to sue him for this act.....but i know indian legal status........

Now mhmd, you have details of my trades..u can pm me ur details and i will call and tell you other details..i've mentioned the branch also.....if i am proved right, will you re-imburse my losses...not at all i think my dear friend....there have been couple of times when they apologised for the mistakes...though they did not do any silly acts after my strong actions with them, but the damage till that time was done.....so i've burnt my lots blood during those days...i do not want to take note of this....yes, i strictly tell my friends here NOT TO USE INDIABULLS..........

ganeshhity

 

[shrinivas]

and maybe people here might feel that some members recently have exxgrtd the matter...but i do not think so, as i have undergone this......
thankfully, my office fellows withdrew their accounts on time........
Dear mhmd, this is life, you might have not seen cheatings, but you never know..everyone is not like mohammed......you may be working genuinely, but there are people out there who can go to any limit just for the incentives....
I once read here at traderji (I think that was from pk) that they changed brokerage..and i found this true to my account also......my RM's name was ahmed...I called him and he said that it might have been due to server mistake(he thinks i was a dude to believe him)..he is also currently based in CP branch...then finally i asked him to reduce my brokerage as he had promised....he said ok...but finally after few days, I could again find same hassels..on confirmation, the RM told that he had forwarded the letter, but actions were not taken yet...I did not follow up..I simpley WITHDREW from indiabulls.....they even did not give me my complete account details...after my strong actions, i started getting calls from indiabulls and they told me that they were unaware that i was not getting the delivery reports by post..they told me that they would send me prev 3 months' report by a week..that is still awaited..i did long follow ups...but no result.......anyway, i then caught up a girl from my companies accounts department...she then calculated how much loss i had made...i got a nearly exact figure of loss..and now i'm working hard to recover that figure..

i have now forgotten those incidents...i did not made too much of loss and was saved on time..had i made too much of it, definitely i would have taken action on them.......there are lots of other complaints which i got towards the CP branch when i visited it from various other clients (now god knows what is their status with indiabulls)

ganeshhity

 

[sujitbasu]

Dear all,

just by writing in this forum will not work....lets get together and fight.

my NAME sujit basu

email address :[email protected]

 

[shrinivas]

Ya previously my RM(Mr. Yogesh) was trading for me.But on Friday i instructed Mr.Jigar of Indiabulls who calls me daily for the F

so friends never-ever give your Cheque book to anyone.....& NEVER TRUST INDIA BULLS.....

Thanks for reading..

Gaurang

Dear Gaurang,
This is just another example how a small group of people hamper company's future growth...maybe, if you look deep, it is just because indiabulls did not take strong actions, such mushrooms sprouted out.........I do not think indiabulls as a whole might be doing it...I found it true in my case also where only 3-4 members were involved in cheating and when we became aware of it...it was late.....i feel other members' stories here too which point towards frauds that were meant for personal benefits..and the company's name hampered......but such people who eat away hard earned money would never survive..there is something called god above....we have to sometime leave things on him....

ganeshhity

 

[mohdbinhaid]

and maybe people here might feel that some members recently have exxgrtd the matter...but i do not think so, as i have undergone this......
thankfully, my office fellows withdrew their accounts on time........
Dear mhmd, this is life, you might have not seen cheatings, but you never know..everyone is not like mohammed......you may be working genuinely, but there are people out there who can go to any limit just for the incentives....
I once read here at traderji (I think that was from pk) that they changed brokerage..and i found this true to my account also......my RM's name was ahmed...I called him and he said that it might have been due to server mistake(he thinks i was a dude to believe him)..he is also currently based in CP branch...then finally i asked him to reduce my brokerage as he had promised....he said ok...but finally after few days, I could again find same hassels..on confirmation, the RM told that he had forwarded the letter, but actions were not taken yet...I did not follow up..I simpley WITHDREW from indiabulls.....they even did not give me my complete account details...after my strong actions, i started getting calls from indiabulls and they told me that they were unaware that i was not getting the delivery reports by post..they told me that they would send me prev 3 months' report by a week..that is still awaited..i did long follow ups...but no result.......anyway, i then caught up a girl from my companies accounts department...she then calculated how much loss i had made...i got a nearly exact figure of loss..and now i'm working hard to recover that figure..

i have now forgotten those incidents...i did not made too much of loss and was saved on time..had i made too much of it, definitely i would have taken action on them.......there are lots of other complaints which i got towards the CP branch when i visited it from various other clients (now god knows what is their status with indiabulls)

ganeshhity

Hello ganeshhity,

I do understand that this sort of things happen where RM trades on behalf of the client with his permission or not and with my experience with indiabulls, i have seen RM playing with people money for the sake of brokerage generation .

It is the pressure from there bosses to get there targets acheived that make them do such things but on the contrary it also depends on the person also.I have never trade on my clients behalf and due to which i also some time feel the target pressure. But i think i have stood up to it and done my job very genuiely till date.

Regards
Mohammed Bin Haid

 

[walshikhaagra]

hi ganeshji and hi mohamad,

Dear ganeshji,

I never have written anything about you.But this time, I cannot take my hands off keyboards.
Yes ganeshji, I have couple of cases(not mine) from the same branch and against the same person you named.I also know your case.There was another doctor who caught a person in this branch for overtrading.He had ordered 100 and the RM had bought 1000.Later when the case was caught, the doctor went to higher levels.The same RM you named then apologized.my friend also got hold on one such incident.In both the cases,they were ready to file a case when Indiabulls called them and settled the amount silently.I was also visiting that branch and I came to know that you had withdrawn from that case (as the bloody RM was your college pal).One has to have hearts to forget a loss and forgive a friend, hats off to you for that.
It has been nice knowing you.I've send you personal mail.please confirm when can we meet.

Shikha

 

[shrinivas]

hi ganeshji and hi mohamad,

Dear ganeshji,


Yes ganeshji, I have couple of cases(not mine) from the same branch and against the same person you named.I also know your case.There was another doctor who caught a person in this branch for overtrading.He had

Shikha

Ahhhh shikha, the more i'm trying to get away from this particular thread, i'm being dragged to write up here...if you go between the lines of mhdbinhaid, you will feel the pains...definitely i wanted to take strong action on the bombaydyeing trade and other some trades...when i made up my mind for it, i could feel that poor people are most of the time under pressure to perform.. people like mhmdbinhaid are very genuine and they do not cheat people, but others out of pressure tend to do it.....i did not want to create too much pains for them...they already had too much from bosses..this particular frnd of mine did realise what he had done....but maybe something got out of him unnoticed..though he tried to coverup my losses after this, and traded vigorously, but alas ! all his desicions went wrong and i suffered more losses....when my losses tolled to 3 lacks, i widrew.....so see shikha, this was the fate...and no hats off.....life goes on, we have to live it....how ??? this you have to decide....
ha, and i hope you are learning fine TA now......and hope you are now clear on your question over volumes in inverse H & S pattern.....

all the best shikha and no regrets...

ganeshhity