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Market Order: When a trader places a Market Order, the order is executed at the current market price, regardless of whether it’s a buy or sell order. The order is filled at the best available price in the market.
For example, if Ram wants to buy 100 shares of Indian Oil at ₹60 but the price has changed to ₹62 by the time he places the order, the Market Order will execute at ₹62. If the price falls, the order will be executed at the lower price.
Limit Order: A Limit Order is used when a trader sets a specific price and quantity for their buy or sell order. If the specified price is not reached, the order remains pending in the order book.
For example, if Ram wants to buy 100 shares of Indian Oil at ₹60 with a Limit Order and the price changes to ₹62, the order will only execute at ₹60, and no other price.
Stop-Loss Limit (SL) & Market (SL-M): A Stop-Loss order helps traders limit their losses if a trade goes against them. For instance, if a trader buys Tata Steel stock at ₹100, they can set a Stop-Loss order at ₹97. If the stock price falls to ₹97 or below, the Stop-Loss order will sell the stock at ₹97, even if the trader is not actively monitoring the trade.
A Stop-Loss Market Order is a variation where the last order is a Market Order. In this case, the trader sets a trigger price. Once the trigger is set, the order price cannot be changed, and it will be filled at the best available market price.
An issue that can arise with a Stop Loss Market Order is during unusual price fluctuations. For example, if a stock is priced at ₹100, and the trader has placed an SL-M order at ₹95, there is a chance of a sudden drop to ₹92 followed by a quick rebound to ₹101. In such a scenario, the SL-M order will trigger at ₹95, and the trader may incur a loss of ₹8 on the trade.
Attention Investors!
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge. Pay 20% upfront margin of the transaction early to trade in the cash market segment. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, and NSE/INSP/45534 dated August 31, 2020, and other guidelines issued from time to time in this regard. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
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Alice Blue Financial Services (P) Ltd : NSE EQ | NSE FO | NSE CDS-90112 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : BSE EQ | BSE FO | BSE CD-6670 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : CDSL DP ID 12085300 DP SEBI REG : IN-DP-364-2018
Alice Blue Financial Services (P) Ltd : MCX-56710 SEBI REG : INZ000156038
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