NIFTY - Resistance

Emkay sell thier stock putting rate 0.00 in price in nse , because of bulk selling

that is why this much low rate seen in nifty based script

 

Emkay's Rs 650 crore sell order caused Nifty plunge.

I wonder if still EMKAY is allowed for trading ?

 

yeah 650 crore @ 0.00 selling price.
Nse is calling wrong trade price.
They r suspended to trade.

 

NSE says trades have been identified to a specific dealer terminal at Emkay Global


NSE says bad trades placed by Emkay Global Financial on behalf of institutional client,

Emkay placed 59 'erroneous' orders resulting in multiple trades with overall value of 6.5 bln rupees


erroneous is 0.00, which they r hiding.

 

It looks like that only cause 650 cr. is not a very big amount in stock market, we are seeing this much on daily basis from Fii/Dii but market corrects/rallies 50-100-200 point by this only, so how come 650 cr. drag down market to 10-15%.
Solid Conspiracy.
Which every one is hiding by calling erroneous trade.

 

Sanjay, Does that mean one must be watchful in nifty weightage stocks ?

 

Yes every one should be but not because of this only cause this will be history on tomm. or day after.
This is to make benefited some one from one side to another side and has done that very smartly.

One of my friend told me that never put stop loss practically, it should be mentally and he has given me example of that.

He told me that in states he was getting stop again and again and he was not able to understand why?
one day he checked his script price and happy to see that script is up in which he has taken position but when he checked his account it was showing stop triggered, he was surprised to see that script low/high and LTP
are far from his target and stop, so how come his stop can triggered stop.
That made him to feel being cheated by broker but when he tried to solve this issue. he came to know that recently Nasdaq has changed some rules in trading system and which is if bid price match the offer price then trade will be executed no matter what ltp is.
For example if a script Ltp is 1000 bid price is 998 and offer price is 1001 then next trade should be between these amounts but if i put the bid price @ 400 and u put the offer price @ 400 then trade will be executed no matter what ltp was.
I don't know in Nse/bse this type of trade will execute or not but there should be some conspiracy on yesterday 650 cr. wrong trade cause they have put 0.00 offer price to sell in 57 scripts.

 

Sanjay, it's good finding. How can we check the same with NSE and BSE.

 

Trying to find out as soon as I find something I will update but till date no idea.

 

Same thing with ventura also, I don't know how they are allowed to put offer price that much low.

 

Aditya Birla Money Ltd also doesn't allow this sort of price that is too far from LTP