Urgent Help...please some one help me out

pavan12 · #1 2nd May 2006, 09:48 PM

hello guys

i am now facing a problem...please help me out.

The problem is.. i have 2 demat trading accounts with indiabulls..

I bought Sail in one account and made the sale in the other account.this was my mistake..

now wat can be done and wat will happen due to this..please help me

i hope i was clear

rahulg77 · #2 2nd May 2006, 10:01 PM

Hi pavan,

As far as my knowledge goes the account in which u bought will do nothing. If u want to sell it u will have to sell it again as it will still be in your account. But what you could do is do an off market transfer tomm from your one account in which you have the share to the other from which u made the sale.

But India bull while making the sale should have informed u that they do not have share in the account. They normally do inform u and make a note if u are doing it for day trading.

Pls take other ppls view to regarding the same before u act on what I have recommended.

Rgds

Rahul

pavan12 · #3 3rd May 2006, 08:43 AM

i understood a bit..but not clear though..

anyways rahul so nice of u to give u r suggestion and help...thanks dude

kuldeep49 · #4 3rd May 2006, 08:50 AM

Make an off-market transfer from one to the other immediately.

pavan12 · #5 4th May 2006, 09:49 AM

guys..the problem was solved..

thanks guys for u r reply..

actually this was solved without any problem..

if any1 want to know how this was solved..let me know..i will know the entire procedure..

this was not done thru transfer as more than 5 days had passed by..

shethharsh · #6 4th May 2006, 11:50 AM

Hey

Give us details how u managed it .So that newbies like me may know how to deal with such similar probs

Harsh

pavan12 · #7 5th May 2006, 09:02 AM

ya actually i had bought the shares on apr 25...and sold it on apr 26(Remember bought and sold in diff accounts) and i came to know abt this only on may 3.

so wat happ..the account frm which i sold the share without anything in it..went for the aunction..at aunction wat they do is..buy the quantity u sold at the days high price...so thus buying and selling is completed..

the account in which i primarily bought..the share was there as such..so i had to sell it..so in both accounts both buying and selling transaction was completed..

ok..all these happened becoz i made a delay of 4 days somewat..

if i wud have told my broker immediatly..say on apr26 or apr 27,wat cud have been done is..the shares which i bought in one account cud have been transfered in to the other account..

i hope i was clear..any clarification..please do ask me..

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