FAQ's Sell Order
What are the different product type?
  • There are 2 product type Intraday & Delivery
What is the margin required in each product type?
  • Margin for Intraday is 20% in approved scrips
  • Margin for delivery is 25% in approved scrips
What kind of orders can I place?
  • You can place both market and limit orders.
What is Limit Order?
  • Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order.
What is Market order?
  • This is an order to buy or sell securities at the best price obtainable in the market at the time it is matched by the exchange. Therefore, chances of its getting executed are better. In case of market orders for NSE, all market orders placed which are not executed become limit orders at the last traded price. Where a market order is not executed fully, it becomes a limit order for the balance quantity at the last traded price.
  • In case of market orders placed on BSE (Not applicable for NSE), all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer. In case at that point of time it is found that a particular bid or offer is no longer present in the exchange this market order gets cancelled by the exchange. In case of part execution of market order, the remainder order gets converted into a limit order at the last executed price.
What is disclosed quantity?
  • Normally, the order quantity is disclosed in full to the market. An order with a Disclosed Quantity condition allows to disclose only a part of the order quantity to the market. For example, an order of 1000 with a disclosed quantity condition of 200 will mean that 200 is displayed to the market at a time. After this is traded, another 200 is automatically released and so on till the full order is executed. Disclosed Quantity should not be less that 10% of the Order Quantity and at the same time should not be greater than or equal to the Order Quantity.
What is trigger price in the order form?
  • Trigger price is stop-loss order wherein order is trigger in the market at limit price mentioned in the order form as soon as trigger price is breached till then it is remains as passive order. It is used as a tool to limit the maximum loss on a position.
What is AMO?
  • AMO refers to After Market Order which allows to place order in advance during non market hours. Timings for AMO is from 5 pm to next day 8 am.
Where will be confirmation for order/trades displayed?
  • All the confirmation will be displayed in confirmation message above order form