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Blow to Nifty -straight 5000 |
Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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Post: #1  Posted: Fri Apr 20, 2012 2:36 pm Post subject: Blow to Nifty -straight 5000 |
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| Oh god-- what a blow below 5306-- seen 5000 on screen n straight 5270--5190--and 5280 |
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mrchan09
White Belt
Joined: 13 Sep 2011
Posts: 48
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| Post: #2 Posted: Fri Apr 20, 2012 2:39 pm Post subject: |
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Fat finger syndrome. 
Somebody at an institutional desk entered an extra zero.
SEBI is dysfunctional. |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #3 Posted: Fri Apr 20, 2012 2:41 pm Post subject: |
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It was a fat finger !  |
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anand_2012
White Belt
Joined: 06 Feb 2012
Posts: 84
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| Post: #4 Posted: Fri Apr 20, 2012 2:48 pm Post subject: |
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Last edited by anand_2012 on Fri Apr 20, 2012 5:10 pm; edited 1 time in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5 Posted: Fri Apr 20, 2012 2:54 pm Post subject: |
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| error trade in infy and nifty fut caused this. being investigated. nothing will happen |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #6 Posted: Fri Apr 20, 2012 2:56 pm Post subject: |
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Just a trick to get all intra-- n positional long stop losses till 5230---
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #7 Posted: Fri Apr 20, 2012 2:58 pm Post subject: |
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| 5213 NS is what I would say is SL for longs |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #8 Posted: Fri Apr 20, 2012 3:01 pm Post subject: |
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Same thing happened few days back.
THat time it was 3512 with Mini NF.
Was the earlier incident 'Trial' ???
Though that time it was huge fall to 3512 compared to today's 5000.
But we can't overlook instrument being traded and it's volumes and impact on overall market.
If that was 'Mistake' in order punching...why it's happening twice in couple months ? |
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rrang438
White Belt
Joined: 17 Sep 2008
Posts: 40
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| Post: #9 Posted: Fri Apr 20, 2012 3:21 pm Post subject: |
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| some time back one guy asked (I think Vinay) infy for 1500, probably he got 1950 Rs today,.. Value buying ha ha ha |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #10 Posted: Fri Apr 20, 2012 3:22 pm Post subject: |
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I am sorry to say but this story of punching error on back of huge volume is not digestible.
I have 2 thoughts as below.
1. Big players who were sitting on shorts and expected market to go below 5200/5150 or lower needed a suitable place to cover the shorts at lower level, past few days nifty posted close above 5300 suggests that nifty is bullish but these participant would have lost if they covered shorts at these levels above 5300-5350 so sell take the market lower break many a stoplosses and then start short covering. Volume at the sell level key.
2. Second thought we are headed towards 4800.
Cant just digest punching error. |
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STEPUP
White Belt
Joined: 17 Mar 2012
Posts: 95
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| Post: #11 Posted: Fri Apr 20, 2012 3:23 pm Post subject: |
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Now,Its sure & certain NSE Server can't handle HFT & the glitch that happened in Muharat Trading day was just the trailer.
What about StopLoss.
The 5000 mark came @2:25 volume 17,84,600 |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #12 Posted: Fri Apr 20, 2012 3:24 pm Post subject: |
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| Yes look at the volume, how can i believe it was a punching error. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #13 Posted: Fri Apr 20, 2012 3:29 pm Post subject: |
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taxmann - it was indeed a punching error.......deliberate may be!
rrang - I will wait for 1500 still |
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STEPUP
White Belt
Joined: 17 Mar 2012
Posts: 95
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| Post: #14 Posted: Fri Apr 20, 2012 3:33 pm Post subject: |
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The best thing about HFT, not just we can see Market Best Five but the entire
order table & that to in milliseconds, Like Deutsche Bank Stealth HFT & AFT.
Last edited by STEPUP on Fri Apr 20, 2012 3:34 pm; edited 1 time in total |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #15 Posted: Fri Apr 20, 2012 3:34 pm Post subject: |
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| Amibroker has a chart low of 5240---- now no idea |
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