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1. Ravi   I Like It. |Report Abuse|  Link|October 8, 2021 11:57:14 PMReply
Today I have short a share two lot in future share at 731. As precaution, I want to buy if the price comes to 733. So I put buy order (Not Stop Loss Order) for limit price 733 and current trading price was 731.50. My order got executed immediately. When I checked with ICICI Direct, they said it got executed as I have given price higher than trading price!!! How a limit order can be executed with the price is not reached? No proper answer with them.. If any one knows the details please share...
1.1. Saurav Bhattacharyya   I Like It. |Report Abuse|  Link|November 16, 2021 4:27:59 PM
You're right as well as wrong, the buy order for a shorted Fut. is called Stop Loss order universally. Here, when you give a SL (buy in your case) order for a shorted Fut. you MUST place a TRIGGER PRICE also, but most users don't know that icicidirect.com software accepts only the SAME trigger price as the SL, so you have to place the same Trigger Price and the same SL, then your Fut. wouldn't have got executed.
Let me also tell you, I've been using icicidirect for many years and have lost all my savings b'cos of icicidirect's SHITTIEST software and there's no help either. ICICIDIRECT is the WORST software in the market.
1.2. Sandy   I Like It. |Report Abuse|  Link|March 5, 2022 5:33:41 AM
Your Buy Order was treated exactly as the name says - Buy 2 x lots. Because price you had put was higher than market your +2 Buy got immediately executed. So really speaking you should have 4 x lots in Open Positions 2 x shorts 730 and 2 x longs 733. Whether ICICIDirect will square them off because they are under one name I am not sure, in which case you will have a cash loss
What you wanted was +2 × Buy on Stop Order. For that you should check your Open Position and click on Stop Loss Order and enter your Stop Loss price. But ICICIDirect must take Stop Loss Trigger price as well. In your case you should put 732.00 as Trigger and 733.00 as SL