Question regarding investing?

Hi,

I am a new investor who just got a dmat accnt. I have some basic questions about trading.

1) I tried buying a perticular stock from my investment account and i got the 'rejected' status. Why can your investment get rejected?

2) On the second attempt, i did not get rejected, but i got a cancelled status stating 'rejected by the system'.

What is going on here?

Well u have to understand few things here..
basically its not with the Demat account that u trade...it is with the trading account..
Demat account is an account where u keep your shares in a Dematerialised(electronic) format.
Trading account is linked to your demat account...so that when ever u buy some shares it will be going to that account...and when u sell..stock will be moving out of that.
So now u understand that it is thru the trading account u transact..i.e, buy or sell shares...
A transaction might get rejected because of the following reasons

Because of shortage of funds in your trading account..u always need to have some cash in the trading account to get the buying power..

In the second case because the order that u have placed is over or above the market level..i mean there are no sellers or buyers for the amount of order that u have placed...the order will become invalid in that case and system will automatically reject the order
say for example if a particular stock is trading at 100 rupees and u place a limit order( marking your own price and quantity) expecting that that he market will fall down..at 80 rupees..the system checks for the orders existing in the market...if it finds that the quoted order is below the line then it automatically rejects the order...

Hope i provided u with the details...
i wish u good luck...!!!!!!!!
Happy investing...!!!!!!

Call a representative of who you have the account with.

The best thing is to contact them.

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