Comment on CDSL introduces PIN-based pre-authorisation for selling stocks

Jack commented on 30 May 2020, 08:43 AM

User can authorize in a single shot of all stocks which ll be valid for 90 days. Yes its one of the good option, but why don’t you take this authorization post placing a sell order as user have 2 days of time to give the stocks to exchange.
This will affect the user in selling the stocks at intended price and prices are subject to change on timely basis.

Ideally you should allow the user to sell the stocks first at their wishing price and then you have to take this authorization at the end of the day. Which can turn a good result.

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