Sell Order Not Executed.......

zuljana · #1 16th October 2006, 05:51 PM

HI TRADERJI & ALL THE MEMBERS OF THIS VALUEABLE FORUM...

I AM HOLDING A DEMAT A/C WITH ICICI BANK.... YESTERDAY I HAVE PLACED AN OFF-MARKET LIMITED PRICE SELL ORDER FOR 100 SHARES OF "ONGC" FOR A LIMIT PRICE OF 1190 ON NSE, NOW THE PROBLEM IS, THIS LIMIT ORDER WAS NOT EXECUTED EVEN WHEN THE DAY HIGH PRICE FOR ONGC WAS 1194.80 ON NSE(THIS WAS DISPLAYED ON MONEYCONTROL.COM AND MYIRIS.COM), KINDLY LET ME KNOW WHETHER THIS POSSIBLE OR SOMETHING IS FISHY WITH ICICI DEMAT, THIS IS NOT THE FIRST TIME IT HAPPENED, BEFORE ALSO WHEN I PLACED A LIMIT ORDER FOR ASHOK LEYLAND, MY LIMIT PRICE WAS 49 AND THE STOCK TOUCHED A DAY HIGH OF 49... PLEASE TRADERJI HELP ME WITH THIS MATTER....

WITH THANKS & REGARDS......

sankoorikal · #2 16th October 2006, 06:58 PM

Quote:

Originally Posted by zuljana

HI TRADERJI & ALL THE MEMBERS OF THIS VALUEABLE FORUM...

I AM HOLDING A DEMAT A/C WITH ICICI BANK.... YESTERDAY I HAVE PLACED AN OFF-MARKET LIMITED PRICE SELL ORDER FOR 100 SHARES OF "ONGC" FOR A LIMIT PRICE OF 1190 ON NSE, NOW THE PROBLEM IS, THIS LIMIT ORDER WAS NOT EXECUTED EVEN WHEN THE DAY HIGH PRICE FOR ONGC WAS 1194.80 ON NSE(THIS WAS DISPLAYED ON MONEYCONTROL.COM AND MYIRIS.COM), KINDLY LET ME KNOW WHETHER THIS POSSIBLE OR SOMETHING IS FISHY WITH ICICI DEMAT, THIS IS NOT THE FIRST TIME IT HAPPENED, BEFORE ALSO WHEN I PLACED A LIMIT ORDER FOR ASHOK LEYLAND, MY LIMIT PRICE WAS 49 AND THE STOCK TOUCHED A DAY HIGH OF 49... PLEASE TRADERJI HELP ME WITH THIS MATTER....

WITH THANKS & REGARDS......

Hello,

I dont think this rate is an artificial rate created in NSE . This rate has not traded in BSE.Pls check with BSE rates.

jalanbk · #3 16th October 2006, 07:52 PM

if you check out NSEindia.com you will find that it shows day high at 1194.80 but on the same time see the intra day chart as well .......

It don't have price above 1176.40

so that price quote is just an artificial one ....
actual day high of ONGC was not above 1176.40....

zuljana · #4 16th October 2006, 11:03 PM

Dear Sankoorikal & Jalanbk

Thankyou Very Much For Your Clarification To My Query.....

Happy Diwali......

mugildata · #5 17th October 2006, 09:21 PM

Dear,
The same thing happened to me several times.
I have 5 paisa a/c. Whenever I place a stop loss order, with enough allowance (so that small volatility would not affect my price), then the stock is sold immediately much below the market price. That is, within short period of time, the price touches the stop loss level I quoted and my stock is sold and the price doesn't go beyond that, and immediately it recovers like a flash and goes up. Whenver I place such stop loss order with scrip quoting more than Rs.100 it happens. Is it possible to foul play with stop loss orders? I checked with the market summary it shows exactly that, the price doesn't go below that after I sell it. i.e in that particular moment of time.

Members please throw your comments.

c_pavan · #6 17th October 2006, 10:10 PM

same thing happen with me sir,
i placed order of nifty put option at 50 RS & high of the day was 51 Rs but my order was not executed

pradyehv · #7 18th October 2006, 12:45 AM

It is quite possible that a limit order is not executed even if the price touches the limit price. it entirely depends on volume.

For eg if the price goes to 100 and u have a sell order at 100, ur order should be executed...maynot always as there maybe no more buyers @100

So limit orders are usually placed with a range.
For eg: if i place a sell order for 100, i can specify once price touches 100, sell from 100 till 98. Same applies for buy order also. If price hits 100, buy till 101...

you should check out with your broker if they support range in limit orders.

Hope it is clear enough...
Happy Trading..

Pradeep

tintin8801 · #8 17th December 2006, 05:31 PM

Quote:

Originally Posted by jalanbk

if you check out NSEindia.com you will find that it shows day high at 1194.80 but on the same time see the intra day chart as well .......

It don't have price above 1176.40

so that price quote is just an artificial one ....
actual day high of ONGC was not above 1176.40....

what is artificial price?

market_punter2000 · #9 25th January 2007, 10:45 PM

u are last in the q when u place a limit order.so if the volume is not enough u r stock remain unsold

rickyric_ny · #10 16th February 2007, 10:23 AM

Quote:

Originally Posted by pradyehv

It is quite possible that a limit order is not executed even if the price touches the limit price. it entirely depends on volume.

For eg if the price goes to 100 and u have a sell order at 100, ur order should be executed...maynot always as there maybe no more buyers @100

So limit orders are usually placed with a range.
For eg: if i place a sell order for 100, i can specify once price touches 100, sell from 100 till 98. Same applies for buy order also. If price hits 100, buy till 101...

you should check out with your broker if they support range in limit orders.

Hope it is clear enough...
Happy Trading..

Pradeep

if there is no buyers at 100 then how will the price touch 100.??? cant get u

Similar Threads for: Sell Order Not Executed.......
Thread	Thread Starter	Forum	Replies	Last Post
Stop Loss Buy Order	vijkm	Equities	2	28th September 2006 04:52 PM
Re: SEBI order	harmads	Investors Grieviences	0	29th April 2006 12:12 PM
IPO refund Order is Lost	payagouda	Brokers & Demat Matters	0	30th December 2005 01:16 AM
PNB IPO Refund Order	hkravi4u	Investors Grieviences	1	24th July 2005 11:00 AM
Order Rejected!?	ssnkumar	Brokers & Demat Matters	4	28th June 2005 04:41 PM