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How stop loss will save you from technical glitches

Traders who use a stop loss may not lose much money since their losses are kept to a minimum, while those who don't use stop loss, can lose a lot of money.

July 11, 2021 / 11:10 IST
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Source: Reuters
Source: Reuters

The National Stock Exchange on July 6 sought the reason for placing an order for certain Nifty futures trades at a significantly higher rate than the prevailing price.

The exchange has received some inquiries about certain Nifty futures trades that were higher than the prevailing price on July 5, 2021.

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The country's leading exchange clarified that on July 5 at the time of market opening, a trading member's dealer placed a manual buy order for Nifty Near Month Futures in the first few seconds upon opening of the market at a price that was significantly higher than the prevailing price in the market.

Also Read: NSE seeks reason from a member for certain Nifty futures trades order at significantly higher price than prevailing rate