Comment on Deciphering NSE's 'Execution Range' circular.

ICGARG commented on 29 Sep 2017, 05:08 PM

Thanks for giving an opportunity to put such queries for layman investors like me.I sold banknifty 24000Sep 17 PE @25.45 IN BRACKET ORDER WITH SLM OF 20 POINTS AND TARGET ALSO 20 POINTS QUANTITY 520 at 10:04 hrs on 27 September. Upto here all was in order at around 10:30 I noticed that in my a/c MTM WAS increasing and in order book target as well SLM order was vanished and it was not shown in trade book also.Hence I contacted broker’s helpline who confirmed that both the target and SLM order are still open,On my instructions which was closed at market price of 110 which resulted me a loss of around 42000 RS.
Now broker replied me that order was cancelled by NSE with error code 17070 order beyond execution range.I have fwded the complaint to NSE also How exchange can cancel the order without informing me or my broker.The loss could have been to 3 lacs if I had not taken the initiative to call helpline.Nobody informed me about the order cancelation.Now who will bear the loss Either NSE OR BROKER OR INVESTOR.

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