An abormal/freak trade has happend to me the detail of trade is as under : can any body help me how solve this problem.
REMARKS : I purchased 2000 shares in F&O of IVRCL @ 366.80, 368 at 1130 in the morning of 26th Aug 2009, and placed a stop loss market order @ 359.90. The share of IVRCL was trading in between 360-370 through out the day but At 1520 the stop loss order was trigerred at Rs 310.50. It was shocking and unbelievable that how can a share come down so drastically from 360 to 310.50 with in few seconds, again after 1 minute the share was trading at 361. The share price in cash market did not dip below 360,even in sep future the share price did not come below 360, even in bse cash market it did not come below 360, than how it came down to 310.50 in NSE future with in 60 seconds. Even the nse chart does not show any such trade. Than how such trade could happen, It was a total failure of system, or some great manipulation by some criminal type of people, I have been doing trading in F&O for last many years but not heard such type of manipulation, We are still fail to understand why & how could this happen that price came down from 360 to 310 within 60 seconds in such a liquid counter like IVRCL. I incurred loss of Rs. 1,00,000.00 with in 60 seconds and some manipulator have made huge profit with in 60 seconds.
We expect from SEBI and all other agencies which are involved in restricting the unfair or any manipulating practice to look in to the matter and cancel this hugely unexpected abnormal trade.
REMARKS : I purchased 2000 shares in F&O of IVRCL @ 366.80, 368 at 1130 in the morning of 26th Aug 2009, and placed a stop loss market order @ 359.90. The share of IVRCL was trading in between 360-370 through out the day but At 1520 the stop loss order was trigerred at Rs 310.50. It was shocking and unbelievable that how can a share come down so drastically from 360 to 310.50 with in few seconds, again after 1 minute the share was trading at 361. The share price in cash market did not dip below 360,even in sep future the share price did not come below 360, even in bse cash market it did not come below 360, than how it came down to 310.50 in NSE future with in 60 seconds. Even the nse chart does not show any such trade. Than how such trade could happen, It was a total failure of system, or some great manipulation by some criminal type of people, I have been doing trading in F&O for last many years but not heard such type of manipulation, We are still fail to understand why & how could this happen that price came down from 360 to 310 within 60 seconds in such a liquid counter like IVRCL. I incurred loss of Rs. 1,00,000.00 with in 60 seconds and some manipulator have made huge profit with in 60 seconds.
We expect from SEBI and all other agencies which are involved in restricting the unfair or any manipulating practice to look in to the matter and cancel this hugely unexpected abnormal trade.
