Comment on Stop Loss orders - Limit/Market

S.Vasudevan commented on 14 Dec 2013, 12:32 PM

On 12th Dec I had bought Nifty at 6297 and had put stop loss sell order a little later at 6284 limit and 6285 trigger.But immediately order got executed at 6295 .As market was falling my loss was limited to only 100 but how come order got executed at 6295.I checked order book which said order rate as 6285.

I wonder if putting limit/stop loss order in system is risky..

Again if somebody had put buy order at 6285 ,will the system match his buy and my stop loss sell and execute the order at 6285 even though the prevailing rate is 6295.(I had such experience with another broker in options and complaint against broker to SEBI was waste of time as broker reply came to me through NSE and SEBI!)

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