A very freak incident happened today and i want to know if other traders in this forum using Zerodha faced the same thing:
I would like readers to go thru this carefully and give their views... i also expect Zerodha to reply on this:
Today i bought 1 lot of Minifty April Futures at 9:30 am.
After price crossed 5300 i placed stop loss limit order.
Even though my trigger price was never reached, my order got executed at 12:42pm.
When i contacted Zerodha guys, they showed me a freak trade that happened at 12:42pm at the price of
3512
They said that this trade triggered your stop loss.
Now, i am completely bemused that how come such a trade can happen at such a low price. Shouldn't NSE prevent such incidents, because such freak trades will take out everybody's stop losses and most traders will end up red faced.
If such a freak trade has happened, then there are bound to be other traders who also faced the same situation. I would like them to come forward and express themselves.
If such things are going to happen, then nobody's stop loss will ever be safe.
Another thing of concern is that when i checked Minifty values on NSE website, it shows today's low as 5238. If a freak trade happened at 3512, then that should have been shown as the day's low. So, i am in doubt whether this is error on NSE's side or Zerodha's side.
I have already raised this issue with Zerodha but i am posting here so that if there are others who faced this problem, we can voice it together.
- Akash.