Experts i need advice from you on Thursday 21st I shorted Alkali Metals 807 shares @ 66.08 i could not buy share ( square off ) as immediately upper circuit implemented and my position is open.

I am worried as what will happen now. My broker is Kotak & I would like to know that

1) Whether this share is liquid share?
2) will it go to Auction on Tuesday?
3) In event of Auction or internal settlement whether my buy price will be highest price on Tuesday or it is highest price amongst (T, T+1, T+2) of all 3 days.
4) Fundamentally what are expert opinions @ this Alkali Metal whether it will go down on Monday or Tuesday?

Experts kindly advice as I'm worried too much.

In case, the shortage is at exchange level, the shares will be bought in an auction on T+2 day.

If the exchange is not able to buy the shares in the auction, the position will be closed out on cash basis.

The settlement in both the above cases will happen on T+3 day.

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In case, it is an internal shortage,

Kotak Securities will try and buy the stock on T+2 or T+3 day from the normal market.

(I think it is T+3 day, but I may be wrong).

If Kotak Securities is not able to buy the shares from the market, then Kotak Securities will close-out the position on cash basis.

In both the above cases, the settlement will be done on T+4 day.

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How many shares did your short?

As the stock had hit circuit on Thursday, the auction price would be significantly above the market price on auction day (Tuesday).

Assuming you didn't short a large number of shares, the shortage will be internal and the settlement will be done on T+4 day (next Thursday).

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The question of "highest price" arises only when the shortage is closed out.

From NSE's site:

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