I started trading Indian stocks few months ago. I had bought IOB few days ago and today I got an email from my broker ShareKhan that the shares cannot be delivered and that I will have to wait for 3 days for the auction to end and after that I will get either the shares or cash. Has something like this happened to anyone? Is this common? The thing that disturbs me most is that a ShareKhan rep told me today that I cannot do anything about it, cannot even put a stop order on that stock. I hate having a position in the market without a stop order.
If this is common I will probably stop trading stocks and stick to futures only. Can this happen in futures too? Experienced traders/investors can someone give me any info on this?
Thanks.
--SwingTrader
If this is common I will probably stop trading stocks and stick to futures only. Can this happen in futures too? Experienced traders/investors can someone give me any info on this?
Thanks.
--SwingTrader