Order type in Zerodha is a set of specific instructions used while placing trade orders to enter or exit a trade as per trading goals. Zerodha has basic order types like limit, market, and stop-loss orders. It also offers advanced order types like Cover Order and GTT.
An order type signifies the nature of instruction you give to your stockbroker to execute your transaction. The following order types are available on Kite: Market - A market order is an order to buy or sell scrips at the current best available price.
A stop-loss order is a buy/sell order placed to limit the losses when you fear that the prices may move against your trade. For instance, if you have bought a stock at Rs 100 and you want to limit the loss at 95, you can place an order in the system to sell the stock as soon as the stock comes to 95.
A limit order allows you to buy or sell a stock at the price you have set or a better price. In other words, if you place a buy limit order at Rs 92, you want to buy the stock from the exchange only at Rs 92 or lower. ... Similarly, if you place a sell limit order at Rs 95, you want to sell the stock at Rs 95 or higher.
The most common types of orders are market orders, limit orders, and stop-loss orders. A market order is an order to buy or sell a security immediately. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. ...
Market orders are optimal when the primary goal is to execute the trade immediately. A market order is generally appropriate when you think a stock is priced right, when you are sure you want a fill on your order, or when you want an immediate execution.
They are Day (Regular day order) and Immediate or Cancel (IOC) orders. ... Day orders do not get auto-cancelled, unlike IOC orders. IOC (Immediate or Cancelled) allows a user to buy or sell a security as soon as the order is placed into the market, failing which the order will be removed from the system.
An Immediate or Cancel (IOC) order allows a trading member to buy or sell a security as soon as the order is released in the market, failing which the order will be removed from the market.
This is an automatic order that an investor places with the broker/agent by paying a certain amount of brokerage. Stop-loss is also known as 'stop order' or 'stop-market order'. By placing a stop-loss order, the investor instructs the broker/agent to sell a security when it reaches a pre-set price limit.
Stop Loss (SL) and Stop Loss - Market (SLM) are order types that are sent to the exchange ONLY if the Stop loss price given is breached. The major difference between the two is the execution of the order.
Cash and Carry (CNC) is used for delivery based trading in equity. In delivery based trade, you intend to hold the stocks overnight for however long you wish. Using CNC product type, you will not get any leverage, nor will your position be auto squared off. You will not be able to take any short positions using CNC.
“Good Till Trigger Feature” or “GTT Feature” or “GTT” is a feature which allows You to set certain Trigger Conditions; such that, as and when such Trigger Conditions are met, a limit order as per the Trigger Conditions set by You would be placed on the Exchanges.
1. Cash & Carry / Delivery. Cash & Carry / Delivery. Also known as CNC or Delivery, this is an order type where you will need to pay 100% of the stock value to trade, with the intention to get delivery of shares in your Demat account. e.g.: If you wish to buy 100 shares of Company X at a rate of Rs.
WHAT ARE DELIVERY TRADES? In delivery trades, the stocks you buy are added to your demat account. They remain in your possession until you decide to sell them, which can be in days, weeks, months or years. You enjoy complete ownership of your stocks.
NRML stands for Normal order. MIS is used for intraday trading i.e. buying and selling the same stock same day. Applicable only for F&O, Currency, and Commodity segment. NRML positions can be held till expiry.
EOS is exclusive to the BSE segment. It is an order to buy or sell a security that automatically expires, if not executed by 3:30 pm.
The positions tab shows you open positions for intraday, derivatives, and delivery trades for the day. On Console. The holdings report in Console shows you a tally of securities held in your portfolio on a particular date. You can also check the holdings report historically.
A Day order is valid till the end of the trading day. It gets cancelled automatically if unexecuted before the closing of market hours. An IoC (Immediate or Cancelled) order is either executed immediately or else get cancelled. A part of the order may be executed on price match availability and the rest cancelled.
IOC stands for Immediate or Cancelled Orders in Zerodha Kite. IOC orders allow customers to buy or sell a security as soon as the order is released into the market. If no matching order is found, the order gets auto-cancelled immediately.
After-market Orders (AMO):
This facility is available on Zerodha for people who can't actively track the markets from 9:15 AM to 3:30 PM. ... After-market orders for commodity can be placed anytime during the day, orders will be sent to the exchange at 9:00 AM (MCX opening).
Broadly speaking, there are two main types of stocks, common and preferred. Common stockholders have the right to receive dividends and vote in shareholder meetings, while preferred shareholders have limited or no voting rights.
The 3 Types of Trading: Intraday, Day, and Swing.