Well today as on 04 June 2020, everyone across the board on all trading platforms was affected due to NSE technological failure where its orders for bank nifty options contracts were undertaken at an irrelevant price. We bought BankNifty CE 21000 (expiry 04 June 2002) at mkt order but was shown as executed at a higher price and sell executed at a higher price was shown as executed at a lower price.
In the above two images, you will see that sell trade executed at 9:46:33 at 108.7 whereas till 9:49am low was 121.8. How is it possible?
The resolution provided by Exchange
Due to an issue with price feeds for Bank Nifty options received from the exchange, all market orders on Bank Nifty option contracts have been blocked. Please use limit order or stop loss (SL) orders. So, this is a lesson that you can derive home from today's technological fiasco.
Our Verdict
We fail to understand that if NSE has identified the issue then why it does not cancel all the trades executed today and close the fresh trades and do not allow trading in this segment till the issue is resolved. The expiry can be undertaken with some other modalities. SEBI should look into this issue as such technical errors mean that machines can create havoc and traders will keep incurring losses due to poor infrastructure and decision paralysis at NSE. Some responsible person has to be present during the market hours to take an on the spot decision so that the retail traders are not slaughtered.
You can get daily profit using our Bank Nifty Option Tips and we look forward to your experiencing the world-class research from the best stock market advisory services in India.
The resolution provided by Exchange
Due to an issue with price feeds for Bank Nifty options received from the exchange, all market orders on Bank Nifty option contracts have been blocked. Please use limit order or stop loss (SL) orders. So, this is a lesson that you can derive home from today's technological fiasco.
Our Verdict
We fail to understand that if NSE has identified the issue then why it does not cancel all the trades executed today and close the fresh trades and do not allow trading in this segment till the issue is resolved. The expiry can be undertaken with some other modalities. SEBI should look into this issue as such technical errors mean that machines can create havoc and traders will keep incurring losses due to poor infrastructure and decision paralysis at NSE. Some responsible person has to be present during the market hours to take an on the spot decision so that the retail traders are not slaughtered.
You can get daily profit using our Bank Nifty Option Tips and we look forward to your experiencing the world-class research from the best stock market advisory services in India.
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