Leading stock exchanges BSE and NSE have put a price band of 10% on share movements of 4 firms - Essar Oil, Suzlon Energy, Educomp, and CORE Education - as part of preventive surveillance measures.
The price band will be applicable for trading in the 4 stocks with effect from April 2, 2013. The decision to limit any upward or / downward movement in their share prices to a maximum of 10% has been taken by the the stock exchanges in consultation with market regulator Securities and Exchange Board of India (SEBI).
In separate notices, NSE and BSE said that a fixed price band of 10% on these 4 stocks is being imposed as part of a "preventive surveillance measure and to ensure market safety & safeguard the interest of the investors".
The decision was taken in consultation with market regulator SEBI and the action will be reviewed periodically, they added.
With an aim to prevent any systemic risks arising out of erroneous trades or / stock manipulations, the market regulator SEBI late past year asked the stock exchanges to put in place a system for 'dynamic price bands'.
These dynamic price bands, which are generally referred to as dummy filters or operating range, prevent acceptance of orders for execution that are placed beyond the price limits set by the stock exchanges.
This dynamic price bands are relaxed by the stock exchanges as and when a market-wide trend is observed in either direction - a bullish or bearish price movement.
The stock exchanges BSE and NSE can also convert these dynamic price bands into 'fixed price bands', if required by the trading pattern of the stocks under review.
In October last year (2012), a set of erroneous orders led to the Nifty briefly crashing by over 15% following which SEBI had issued guidelines that required the bourses to set the dynamic price bands at 10% of the previous closing price.
BIGPROFITBUZZ is a stock advisory firm which provides tips for equity intraday, future intraday nifty intraday & option Intraday. We have good past result of tips that is why we are able to sustain in stock market. We basically provide call in only blue chip stocks on which nifty runs. So we are always on profit whether market is bull or bear because we trade only in those scripts who run the market like SBIN, ICICIBANK, LT, RELIANCE etc.In which the most powerful stock is State Bank of India. If you want to do intraday trading then you must have to know the behaviour of this stock. NIFTY is like a King in stock market who shows overall performance of market. NIFTY runs on these blue chip stocks. You can understand this by a simple example that consider a king who has a vehcle with ten horses. In SHARE MARKET NSE BSE TRADING TIPSthese horses one is most powerful & others are his follower same like this Nifty is a king who is completely most of the time runs on the behaviour of SBIN & other stocks. So always keep in mind the direction of the SBIN to trade in intraday in the market. We always know the direction of this Stock that's why we know the market everyday & trade with confidence & earn handsome profits. so no matter you join us or not but always consider the SBIN as a market mover for you trading or investment.
ReplyDeleteRegards
BIGPROFITBUZZ TEAM
Share Market Investment made profitable by SHRISTOCKTIPS- Get NSE/BSE Tips via SMS and Yahoo Messenger. We give daily stock market tips for future and cash segments. Market is going through a very complex phase. Not Clearing the trend .So trade with a stoploss is must. But One thing is clear that you can made a sell position in NIFTY & some selected blue-chip stocks near the level of 6000-6020 with stoploss of 6070. This profitSTOCK MARKET FREE TIPS, NSE TIPSwill be the best position you can make in the Nifty in this present market. Because NIFTY is not able to cross the level of 6030-6050 .so these are the major resistance of NIFTY.As we all know that Rupee is giving a very bad signal for the Indian economy So best position is to sell at higher level whether you are a intraday trader or a positional trader. Even banking is not giving any kind of support to the market. You can also make a sell position in banking stocks but with the stoploss must at higher levels. This is at present best strategy you can take in the present market.
ReplyDeleteRegards
SHRISTOCKTIPS TEAM
BigProfitbuzz is an Indian stock market advisory firm. BigProfitbuzz proven month after month that trading and investing in stock market can be profitable whether market is bull or bear. Market is showing a very heavy selling pressure due to the weakness of the rupee. so we suggest all the traders STOCK TIPS, COMMODITY TIPSto make a sell position in the NIFTY but at a higher level but One can also try a very low volume buy in nifty around 5320-5350 with stoploss 5200 for the target of 5500. But only a risky trader can do this. Otherwise wait for the level of 5480-5530 to make a sell position in Nifty & keep the stoploss of 5600 for the target of 5300-5200 in short term. Do not trade without stoploss. If want stock & other calls then you can fill our trial form & earn some good profit.
ReplyDeleteRegards
BIGPROFITBUZZ TEAM