If the circuit limit for FO stocks are only 10% either side, then how can a FO stock like WOCKPHARMA moved 11.50% on 21 Dec 2017? Does NSE revise the circuit limit frequently in a day?
F&O stocks have a dynamic price band of 10% to prevent erroneous order entries. The price bands are automatically reset once the price hits the limit in a few minutes and trading resumes.
So during a period like flash crash, can I expect to lose as much as 10% from the previous day closing price due to circuit limit, as no order could be placed below that?
Once the circuit limit will hit and Dynamic circuit limit will come under action and once the Trading will start in Just after few seconds you can place your order.
What is the exact number of minutes?