[Resolved]  Icici Direct — Share Price Manipulation on Margin Plus Orders

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Mumbai City, Maharashtra

I have been holding Demat account with ICICI Direct since last 6 years. I have been trading in Equity and IPO sections most of the time in past years. But recently I have started to play in MarginPlus Segment. It was extremely evident from my several MarginPlus Orders placed, that as soon as MarginPlus order is submitted in the Market, Share Price tends drop quickly to catch-up Stop Loss Trigger Price and hence Orders gets executed with Loss incurred for that ORDER. It had happened on many Occasions.

Even today , when Placed order for BAJAJAUTO in the Morning around 10 AM ... the share price was lurking around 1462/61 mark for quite a long time and then I decided to place Buy MarginPlus Order on that share and as soon Order has been placed, the Share Price suddenly started dropping and reached 1416 within 10 Mins.... HOW IS THAT POSSIBLE???? ITS SHEAR MANIPULATION OF SHARES???? This had happened many times for many of my orders......... PLEASE LOOK INTO THIS ASAP as many innocent CUSTOMERS are being looted by ICICI....

Thanks
Sunil