sir, but my broker told me that if i have done truncation on wed, 6 oct and ur auction will be on Monday around 12.30 and they will take avg price of wed 6 oct high and Monday high its rt?
308. aRYANrAJ| Link| Bookmark|
October 8, 2010 4:07:44 PM
Top Contributor (600+ Posts, 100+ Likes)
306. Anonymous
obciously monday. You could not produce margin amount thus broker absorbed your share and will buy (since you sold and to counter your trade and since you failed to buy). Generally kotak buys around 1230, sharekhan at 2.30, icicidirect at 3.15 etc. Time may vary but as bought shares are in chunk at market price, it abosrbs all bidded sell quantity at auction duration.
but if ihave done selling on 6 oct ,wed and if my auction is on monday then which price they will take under calculate day high,weekly high or somthing else
305. aRYANrAJ| Link| Bookmark|
October 8, 2010 3:56:09 PM
Top Contributor (600+ Posts, 100+ Likes)
@ 304. Anonymous
you cannot calculate auction amount on your own it's solely depends upon brokers will. it is generally day high amount since they buy back bulk of shares until and unless that share don't loose all gains in last few minutes.