Journals › Basic Terminologies
Upper aur lower circuit ka mechanism, aur circuit mein phanse hue trade ka sach
Published by The Retail Trader · JUL 25, 2026 · Market Basics
Circuit limit ek price band hai jiske bahar us din bhaav ja hi nahi sakta. Wo bhaav ko rukne par majboor nahi karta — wo sirf us din ke liye range fix kar deta hai, taaki ek panic ya ek manipulation din bhar mein sab kuch na bigaad de.
Har stock ka band pichle din ke closing price par lagta hai. Kuch stocks par 20 percent, kuch par 10 ya 5 percent, aur jin par derivatives available hain unme aksar dynamic price band chalta hai jo din ke andar widen ho sakta hai.
Index par bhi market wide circuit hote hain. Wahan zyada girawat par poora market kuch der ke liye rok diya jaata hai, aur bahut badi girawat par din bhar ke liye band bhi ho sakta hai.
Upper circuit par sirf buyers hote hain aur lower par sirf sellers. Iska seedha matlab:
• Lower circuit mein aapka sell order queue mein khada rahega, execute hoga ya nahi ye guarantee nahi.
• Upper circuit mein kharidna utna hi mushkil hai — order lagta hai, bharta nahi.
• Lagataar circuit lagne wale stock mein exit kai din tak nahi milti.
• Isliye illiquid smallcap mein position size hi wo cheez hai jo aapke haath mein hai, exit nahi.
Circuit ko opportunity samajh kar us mein ghusna sabse mehnga sabak hota hai. Upar wala circuit aapko andar to le jaayega, par jab wahi stock ulta ghoomega to niche wala circuit aapko bahar nahi jaane dega.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.