Sebi unearths manipulations in F&O trading...India bulls the blacksheep caught!!!

rickyric_ny · #1 19th June 2007, 10:41 PM

Atlast....Sebi unearths manipulations in F&O trading....India bulls with others, the culprit caught!!!.. but what a shame SEBI Just warned them and left....

http://www.businessstandard.com/comm...N&autono=24459

read the FULL ARTICLE.

I posted this along back : http://www.traderji.com/78166-post1.html

uasish · #2 19th June 2007, 10:50 PM

rickyric_ny,
Good you brought this to our notice.

Asish

swagat86 · #3 20th June 2007, 12:27 AM

as usual ......

nothin new

rickyric_ny · #4 20th June 2007, 07:53 AM

Quote:

Originally Posted by uasish

rickyric_ny,
Good you brought this to our notice.

Asish

Dear Asish,

This happens with daytrader who uses margin. these fellows purposely short the stocks which we buy and drag them to the lowest point so that we book losses and these guys book profit from us. This issue, when i raised, some members said i am selecting wrong stocks.(you can check my selection, as i am running a intraday option in this forum..http://www.traderji.com/equities/133...ay-charts.html ).SEBI TODAY PROVED IT!!!!. This is happining with all daytraders, most of the brokerages does this job only with the daytraders who trade in margin and close their holding by Evening.

It is shame on

SEBI THAT THEY LEFT THESE BUGGERS WITH A WARNING!!!

:

Members can too post, if u come across this situation

ratan jain · #5 20th June 2007, 09:06 AM

do these people force you to buy?

Or force u at gunpoint to sell at the low of the day?

All this is in ur mind, friend, you just havent accepted it yet that you didnt read the market right.

You want to blame the market, your broker, the stars, the planets, the dog barking omen....

anything but the FACT that you made a wrong call.

The fact unearthed by sebi says that the buying and selling is by the SAME repeat SAME client, at rates which are above or below prevailing rates by a hefty amount.

By the way, this is an electronic exchange,, when u buy, it could have been sold to u by anyone from mizoram to kanyakumari or anywhere....how does your broker jump in catch ur order and trade it!

Wake up friend, stop blaming other things for your losses, or you will become another statistic in this numbers game.

Or maybe you already have.....

swagat86 · #6 20th June 2007, 09:54 AM

exactly, i agree with RJ. this may happen with Illiqiud counters but if ur trading a Relaince or Infy, do u think its that easy to bring those stocks down. And moreover at any point of time there are hundreds of ppl enterin and exitin a stock. so u mean ur broker is gonna call every body( FIIs MF's) and say boss i wanna screw so and so guy, pls dont enter.

Thats no where close to reality.

If u suspect on any day that they are manipulating ur terminals stock quotes just recheck using some other sources data.

thanks

instaalert · #7 20th June 2007, 09:59 AM

Quote:

Originally Posted by ratan jain

do these people force you to buy?

Or force u at gunpoint to sell at the low of the day?

All this is in ur mind, friend, you just havent accepted it yet that you didnt read the market right.

You want to blame the market, your broker, the stars, the planets, the dog barking omen....

anything but the FACT that you made a wrong call.

The fact unearthed by sebi says that the buying and selling is by the SAME repeat SAME client, at rates which are above or below prevailing rates by a hefty amount.

By the way, this is an electronic exchange,, when u buy, it could have been sold to u by anyone from mizoram to kanyakumari or anywhere....how does your broker jump in catch ur order and trade it!

Wake up friend, stop blaming other things for your losses, or you will become another statistic in this numbers game.

Or maybe you already have.....

Very rightly emphasised ratanji !
It's happening everyday if you watch the price movements of some stocks.
When the buy offer is for, say 1259/, suddenly some trade is triggered for 1275/ and so on to higher rates, showing some culprits are raising the rate, where they might've already booked a hefty number of share to "sell" at a very high rate and in the end take home their booty.
Traders only should watch these type of movement and avoid entering into those manipulated stocks.
Big fish never show sympathy on the small fish. Big fish gobbles up small fish, by cornering them in a well plotted way.

pakatil · #8 20th June 2007, 10:04 PM

I have always been wondering about the anomoly of OHLC of NSE Bhav Copy not matching with their Intraday Charts displayed after Market Hours. Does it mean those transactions are taking place outside their orbit!!!. On one occassion my Limit Order of 503 for RCOM got executed when the CMP was around 509. It was not reflected in their Chart that evening whereas Bhavcopy reflected it. Is it system failure or some body manipulating, god knows.

I good olden days of manual trading, people were accusing Brokers for malpractises. Now in this electronic automated trading, probably highly sophisticated methods are needed!!!

Any way it is the ordinary dumb Trader who is at the recieving end.

Cheers
PAKatil

uasish · #9 20th June 2007, 10:32 PM

There is a post mkt session for broker's only for 15min.That is if there is a matching order in the closing price unexecuted (the order has to be in the system in mkt hrs) amongst 2 broker ,they under NSE vigilance,get those orders executed.
Today only my buy order for Crompton Greaves june @ 245.60 got executed in post mkt session for 1 lot only,the balance unexecuted.(See the thread To-day's buy).

swagat86 · #10 20th June 2007, 10:48 PM

Quote:

Originally Posted by pakatil

I have always been wondering about the anomoly of OHLC of NSE Bhav Copy not matching with their Intraday Charts displayed after Market Hours. Does it mean those transactions are taking place outside their orbit!!!. On one occassion my Limit Order of 503 for RCOM got executed when the CMP was around 509. It was not reflected in their Chart that evening whereas Bhavcopy reflected it. Is it system failure or some body manipulating, god knows.

I good olden days of manual trading, people were accusing Brokers for malpractises. Now in this electronic automated trading, probably highly sophisticated methods are needed!!!

Any way it is the ordinary dumb Trader who is at the recieving end.

Cheers
PAKatil

honesyly even im seeing a lot of Strange gaps and moves which actualy dont occur. that was always happenin in illiquid counters, but check recently reliance opened with a huge gap. its realy weired. mostly the TA's will be in jeoperdy becs of this, specilaly if ur considering highs and lows of the gap day.

thanks

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