short sell

hello friends ,
on 10th of dec i did a short sell of icici bank at price of 875.00 and due to some technical problem i was unable to square off on the same day. and it has gone to auction. today(16/12/2009) is the third and today 's price is 828.00 i just wanna know will it be loss or profit for me after settlement please share ur experiences friends

thanks,

marginal loss.. of brokerage... no profit will be credited to your account but the difference will be consumed by NSE or BSE for Investors' protection funds

thanx findvikas
can u tell me approximately how much will i lose per share

That will be your brokerage + any charges put by your broker. Please consult with them.
You will be charged atleast with the delivery charges.

Hi
If u r using ODIN software and u have faced any technical problem put complete blame on broker and tell its not ur mistake, and threaten them to drag to consumer court.
i faced similar problem with indiainfoline and i threatened them and they credited the difference amount..

LOL :rofl:
If you were able to do it then pity on broker. They have the written agreement with you that any problem with software and any order not executed due to any technical reason they wont be liable. A broker can liquidate your account as they have power of attorney on your behalf and still you cant really drag them to court... ofcourse only when you dont have margin available.

So this won't work.

Hi findvikas,
there is nothing funny with this, in my case it was a mistake by the broker, he sold my shares with out my knowlege, so i did it.

Just to clarify ... I dont think he laughed at anyone's misery ...

On the contrary he has provided u with more accurate and logical reason.