need urgent help on auction on mic electronics stock

#1
guys today i short sold 1900 mic electronics at 24.20 rs and it hit uper circuit at 26.95 rs after it hit the upper circuit i placed the square off order but it did not get executed till the end of the market.so now the shares will be up for auction on 4th feb 2009 as the auction is on t+5 basis so can you tell me how the auction will be carried out if the stock price falls from tomorrow onwards and if the stock price moves up from tomorrow onwards.

note:- tomorrow mic electronics will be declaring its Q3 results and i am expecting the results to be bad as most of its clients are from outside india mostly from usa so i am expecting the stock to fall from tomorrow.
 
#3
thanks for your reply but in your example you are considering the stock moving up without the circuit.in my case the stock is likely to move down due to bad results and even if it moves up there is no way that the stock will move above 33rs as 33 is a very strong resistance for the stock.so i want to know if i will benifit in the auction if the stock keeps moving down from today.

 

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