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| Discuss Can You Answer This Question? at the Beginners Guide within the Traderji.com - Discussion forum for Stocks Commodities & Forex; IF A SHARE GETS THE UPPER/LOWER LIMIT ANY TIME DURING THE SESSION, THEN WHAT HAPPENS ... |
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#1
22nd May 2008, 09:25 PM
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Can You Answer This Question?
 IF A SHARE GETS THE UPPER/LOWER LIMIT ANY TIME DURING THE SESSION, THEN WHAT HAPPENS TO ITS BUYING AND SELLING ACTIVITES. AND WHAT IF THE SHARE IS BOUGHT ON MARGIN AND THE CIRCUIT IS STRUCK, THEN HOW THE POSITION IS SQUARRED OFF THAT DAY? COMMENTS PLZ.
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#2
22nd May 2008, 11:07 PM
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Re: Can You Answer This Question?
If you have bought the share and it touched the lower circuit, you may not be able to square off. Because there will be only sellers and no buyers. In this case you will have to take delivery. This is not that bad. But if you have done shortselling and the scrip touched upper circuit then there will only be buyers and no sellers. If you have the stock in your account then ok otherwise you will face difficulty. It will go for auction settlement and you will have pay nearly 20% extra as penalty and other charges.
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| The Following User Says Thank You to ARMHM For This Useful Post: | ||
mirage (10th October 2008) | ||
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