What are the order types available and where do I find them?

You can select these orders in the Buy and Sell Order Entry form:

  • Market Order - It helps you buy or sell at the best available price.

  • Limit Order - It is used to buy or sell at your desired price.

  • Stoploss Order - It is used to sell a stock when it reaches the set price after meeting a limit of losses.

  • Stoploss (Market) - For orders when a market order is to be executed when the trigger is hit. (Not available for Options Trading from Sept 27, 2021)

  • Basket Orders - This is used to place bulk orders in one go. You can create a file in txt or csv format with the orders and directly upload it into the system or add multiple scrips and place the orders.

  • After Market Orders - These Orders allow you to place orders after market timings. The orders are executed in the exchange on the next trading day.

  • Cover Order - A cover order is used in intraday tradings. It is a two-legged order. The first leg of the order is the normal order, which is about buying or selling the scrip. The second leg of the order is to square off the scrip in case you start making losses.

  • Spread Order - These orders are used to create spreads in derivative trading. You can create 2-legged and 3-legged positions here.