Lower Circuit Selling

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  #1  
Old 25th January 2008, 10:04 AM
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wayanadan is on a distinguished road
Default Lower Circuit Selling



How do I sell a stock which hit the lower circuit every day (for the last 1 week or more) within first 1 minute of trading?

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  #2  
Old 26th January 2008, 06:30 AM
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skulk is on a distinguished road
Default Re: Lower Circuit Selling

You can't.

Your best chance is to stand behind your broker and have him enter your trade the second the market opens. If you are using an online system, for your order to be in the beginning of the queue, will be next to impossible.

Then again it depends on demand.

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  #3  
Old 26th January 2008, 06:41 AM
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gvgs98 is on a distinguished road
Default Re: Lower Circuit Selling

Ummm interesting strategy for shorting. Unfortunately I am not aware of any bribes to manipulate the trading system.

Good punting.

Cheers
VG

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  #4  
Old 27th January 2008, 01:11 AM
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Raviraj1 is on a distinguished road
Default Re: Lower Circuit Selling

Hi guys,
Nothing about manipulation here but just how things work, it can be really frustrating to see your portfolio getting steadfastly depleted every passing day and on top of it not being able to do anything about it. What skulk has written is true, if you are trying to get in/out of a scrip that continously hits circuit then you can ask your broker to put your buy/sell order exactly at 9.55 am in the batch files.
I dont know about other trading portals but reliance money does not allow you to place pre market orders, getting rid of shares through such online terminals is next to impossible. In such a case you can give offline transfer of your shares to your broker and try the batch files route. Good luck.

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  #5  
Old 30th January 2008, 04:08 PM
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lucastp_532 is on a distinguished road
Default Re: Lower Circuit Selling

i have 100 shares of FTCSF3YGRO @ 22, the stock is in lower circut , what do i do with this stock.
(Franklin Templeton Asset Management (India) Pvt. Ltd. has informed the Exchange that the Net Asset Value (per unit) January 29, 2008, is Rs.11.1317.)
i not sure if i can sell this stock.

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  #6  
Old 30th January 2008, 04:58 PM
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wayanadan is on a distinguished road
Default Re: Lower Circuit Selling

I had some shares of Geojit @ 120, and it was continuously hitting the lower circuit for one week.. It went down to 87 on Monday. I put sell order on Tuesday morning in Sharekhan and my order got executed at 10:02 AM @84 even though it hit the lower circuit 82. But my bad luck.. after 2 hours the value raised to 93...

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