Exactly felt same today. As i experienced it in the sensex, midcap indexes but didn’t think, it would happen in nifty. As i explained about it in another reply
( Revision in lot size of NIFTY, FINNIFTY and MIDCPNIFTY - #11 by sanjay_lavudya )
It’s extremely dangerous to trade indexes with low liquidity (all bse index ). So please mostly avoid them.
So what’s the Solution for this?
Hedging is only our chance to minimise risk to some extent but not fully. If you’re daily maximum Stop loss hit just turn on kill switch (thanks to zerodha for this feature)
Sellers should be very careful if you sell a 100 Rs premium of CE, hedge it against by buying a 10 Rs CE vice versa for PE Side selling.
I hope it’ll help you.
Sayonara…