Zerodha....

[akashji]

Re: Zerodha: Freak Trade in Minifty Triggering Stop Loss

Hi linkon7,

thanx for posting this conversation.

It means really such a trade did happen.

But in that case all those who were long at that time and had placed limit stop loss orders at some level or the other must have had their stop losses taken out like it happened to me.

Such freak trades will lead to losses to all these traders which would be a big number. Isn't there any way in which NSE can control such trades coz traders stop loss orders will never be safe if freak trades like this keep happening.

One will be better with not placing any stop loss order.

- Akash.

1:08:25 PM rakesh kaushik: mini nifty ka low dekh
1:08:28 PM rakesh kaushik: how cud it be
1:08:32 PM rakesh kaushik: is it a mistakre
1:08:38 PM linkon7: kitna hai
1:08:42 PM rakesh kaushik: 3512
1:08:51 PM linkon7: 3512
1:09:01 PM rakesh kaushik: u heard ryt
1:09:03 PM rakesh kaushik: 3512
1:09:16 PM linkon7: some idiot must be crying his heart out
1:09:26 PM rakesh kaushik:
1:09:31 PM rakesh kaushik: how cud it be
1:09:36 PM rakesh kaushik: lc 10%
1:09:52 PM linkon7: freak trade hoga
1:10:03 PM rakesh kaushik: how
1:10:07 PM rakesh kaushik: nse doesnt evena ccept
1:10:10 PM rakesh kaushik: try putting
1:10:14 PM linkon7: some guy must have put big qty at market
1:10:14 PM rakesh kaushik: u will see
1:10:17 PM linkon7: at open
1:10:23 PM rakesh kaushik: bt exchange doesnt accept
1:10:25 PM rakesh kaushik: nah
1:10:28 PM rakesh kaushik: it never accpets
1:10:32 PM linkon7: buy accept karega na
1:10:35 PM rakesh kaushik: nah
1:10:41 PM rakesh kaushik: exchange will reject
1:10:45 PM rakesh kaushik: its a technical mistake



later LOW was adjusted...!

 

[sach007]

Thanks Linkonji.... If this is really happened.... then one should make complaint with NSE and SEBI against this....

Linkonji ... and if it 3512 then is below LC also... then NSE should cancel all these TRADEs immediately.

Akash in that case I really support you... its really disgusting.. Zerodha also should interfere.... and raise issue with NSE and SEBI.....

Its not even 10% very big ...

 

[server2712]

ZERODHA received my documents today how much time will take for opening commodity account ?
I am already trading in NSE with ZERODHA.

 

[akashji]

Thanks Linkonji.... If this is really happened.... then one should make complaint with NSE and SEBI against this....

Linkonji ... and if it 3512 then is below LC also... then NSE should cancel all these TRADEs immediately.

Akash in that case I really support you... its really disgusting.. Zerodha also should interfere.... and raise issue with NSE and SEBI.....

Its not even 10% very big ...

hi sach007,

Thanx for ur support.

Is there any way i can raise this issue with NSE

 

[soft_trader]

When i contacted Zerodha guys, they showed me a freak trade that happened at 12:42pm at the price of 3512


- Akash.

Yeah!! it is a very serious issue. It reminds of the Apple (AAPL) incident last friday in NASDAQ. Apple Shares touched lower circuit within seconds.!!!

http://blogs.wsj.com/marketbeat/201...stock-circuit-breaker-triggered/?mod=yahoo_hs

hi sach007,

Thanx for ur support.

Is there any way i can raise this issue with NSE

Yes you can raise a complaint to NSE, and also Zerodha must help you out as you are their customer. Zerodha should take this issue up to NSE on behalf of you, they are the best person to help you in this regard.

Very Important: Please note down the Exchange order number. This will help you to escalate the complaint in future.

Anyway here are the contact info of NSE:

Investor Grievance Cell
E-mail : [email protected]
Tel No: (022) 26598190
Fax No: (022) 26598191

Compliance
Email : [email protected]
Tel No: (022) 2659 8353/8196/8436
Fax No: (022) 2659 8194

Derivatives
Email : [email protected]
Tel No: (022) 26598154
Fax No: (022) 26598155

For more such contacts please visit http://www.nseindia.com/global/content/contact_us/department_wise_contacts.htm

Hope you will get back your money. Don't forget to post back here about the status of this issue.

Best of luck :thumb:

 

[sach007]

Yeah!! it is a very serious issue. It reminds of the Apple (AAPL) incident last friday in NASDAQ. Apple Shares touched lower circuit within seconds.!!!

http://blogs.wsj.com/marketbeat/201...stock-circuit-breaker-triggered/?mod=yahoo_hs




Yes you can raise a complaint to NSE, and also Zerodha must help you out as you are their customer. Zerodha should take this issue up to NSE on behalf of you, they are the best person to help you in this regard.

Very Important: Please note down the Exchange order number. This will help you to escalate the complaint in future.

Anyway here are the contact info of NSE:

Investor Grievance Cell
E-mail : [email protected]
Tel No: (022) 26598190
Fax No: (022) 26598191

Compliance
Email : [email protected]
Tel No: (022) 2659 8353/8196/8436
Fax No: (022) 2659 8194

Derivatives
Email : [email protected]
Tel No: (022) 26598154
Fax No: (022) 26598155

For more such contacts please visit http://www.nseindia.com/global/content/contact_us/department_wise_contacts.htm

Hope you will get back your money. Don't forget to post back here about the status of this issue.

Best of luck :thumb:

Aakash.... mail at above adress.... with all proofs and references.....

like exchange order ID.... and as I said in previous comment just take screenshots of all necessary things.

 

[Sridhar795318]

Re: Zerodha: Freak Trade in Minifty Triggering Stop Loss

A very freak incident happened today and i want to know if other traders in this forum using Zerodha faced the same thing:

Even though my trigger price was never reached, my order got executed at 12:42pm.

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.

Such a thing happened to me recently (with Zerodha). I was in a long trade and put in a SL-M order. CMP was way above my SL-M and suddenly SL was triggered and my position was closed. As per tick data of Zerodha and Sharekhan the low price for the minute when the SL-M was triggered was clearly ABOVE my SL-M.
I immediately called Zerodha and asked for a clarification and after several calls back and forth here's what they told me:

"NSE tick data does not record ALL trades. Instead NSE records trades at an interval of 3 seconds. Whatever it records at those 3 second intervals is the tick data. IF within those 3 seconds a trade happens at a FAR off value, it will trigger stops but that FAR off value is not listed in the NSE statistics for that minute."

It is scary to say the least. It's strange. It's unbelievable. However I left it at that as at this stage my time is better spent learning to trade than fixing systems beyond my comprehension.

Zerodha, Seniors will have to comment on the 3 second interval and the whole issue.

 

[sach007]

So moral of the story.... don't put SL when you are in front of the screen atleast..... D

 

[akashji]

Re: Zerodha: Freak Trade in Minifty Triggering Stop Loss

Shridhar,

Thx for coming out with your problem as well.

@Zerodha,

I would like Zerodha to take this matter very seriously on behalf of their clients and put pressure on NSE to avoid executing such freak trades.

If these trades r allowed, any entity with vested interests can purposefully place such orders in order to make a huge no. of traders to lose money by hitting their stop losses.

i have discussed this matter with some experienced traders and they opine that NSE might reverse the orders tht took place due to this freak trade. Can you confirm whether this is a possibility and can we apply pressure on NSE to do so?

 

[soft_trader]

So moral of the story.... don't put SL when you are in front of the screen atleast.....

But you know, this can't be a solution. SL is one of the mandatory order that a trader needs every now and then. Coz, without SL order one spike can wash away significant amount of capital.

@ Zerodha: please speak-up on this matter.