I guess the heuristic we can use is to basically treat 3:20 as the market close and stop looking at it.
Then in the morning, just combine the CAS and the pre-session as the combined pre-market thing and then trade. Because right after cash, the options won’t move anyway, right? So basically treat the cash session and the pre-session as a combined pre-market thing and just trade in the morning.
P.S. It works for somebody who doesn’t trade expiry days or expiry week.
yes , that makes sense
But exchanges won’t treat the same. For example, if today was nifty expiry, nifty closed 200 points up and your F&O would be treated at that close. If you sold 24600, you basically lost 200 points in 15 minutes.
That’s very true. I personally don’t trade expiry or expiry week, so that won’t be a problem for me.
But f&o hasnt moved today. It is as if this move never happened. So why would it matter?
It will matter tomorrow though even if F&O never traded at that price. It’s all about expiry manipulation and “marking the close”
Questionanble as who is really buying into this? The market literally ignored the move as a whole. I even think market liquidity makers themselves were stunned as to how to handle this.
But i could be wrong! Who knows what if our govt joined hands with JS. they would need some humongous money for next elections to win!
Rightly pointed .
I dont think govt involved directly but those who knows this info definitely involved.
This is pure manipulation infront of 15cr denat users day light theft !
Someone should come out and tell what really happened! Atleast we deserve the explanation
man, this is going to pollute data, hopefully this was a one off.
bajaj-auto close looks like garbage data vs whole day movement.
NSE Circular incoming… soon…
Now gift nifty at 24622 , so basically nifty will most probably show as gapdown 300 points tomorrow .
It is going to be very interesting and nasty for intra day / roll over traders .
Hopefully this was only some unforseen correctable glitch that NSE had while deploying the new system… and will not repeat…
Sensex closed well. If this NSE issue shows tendency to happen tom, arbiters will rush in and establish new equilibrium. But that could also lead to some erratic pricing in the interval - so hope NSE fixes things their end.
@nithin Any news on the Bajajauto freak trade and how it was done?
so its that easy to manipulate the Indian market.
what the Closing Auction Session benefits?
NSE clearly said this wasn’t a glitch. This will be the norm going forward. Even if this doesn’t happen again for the next week or so, you should assume this is what JS is capable of and can do so any time at will - this is just testing for them.
Sensex did okay with the same system… So I am hopeful.
Exactly. The variable isn’t the system but the players and the stocks they chose to play.
No there are so many things thats wrong in this .
So its like weekly options expiry shifted to daily expiry. Now everyday no one knows what actually happens . System designed to cheat and rob in day light .
Ya no one knows why is the spike for ? And who is manipulating this !!!
