Placing a buy or sell order across any segment — Equity (NSE/BSE), Futures & Options (NFO/BFO), or Commodities (MCX) — is simple through Alice Blue’s trading platforms.
Steps to Place an Order (General for All Segments):
1. Log in to your ANT Web and ANT Mobi app
2. Search for the instrument (stock, F&O contract, or commodity) you want to trade.
3. Click Buy or Sell.
4. Enter:
Quantity / Lot size
Price (or select Market order)
Order Type (Limit, Market, Stop Loss, etc.)
Product Type:
CNC – Delivery
MIS – Intraday
NRML – For F&O/MCX carry-forward
MTF – For Margin Trading (Equity only)
5. Click Place Order.
You’ll get a confirmation once the order is successfully placed.
When placing an order to buy or sell a stock (or contract), you can choose between a Market Order and a Limit Order.
Market Order
You buy or sell instantly at the best available price in the market.
No control over the exact price.
Suitable when quick execution is more important than price.
Example: You place a market order to buy a share currently trading at ₹100. Your order executes immediately, possibly at ₹100 or slightly higher/lower.
Limit Order
You set a specific price at which you want to buy or sell.
The order will execute only if the market reaches your price.
Suitable when price control is more important than speed.
Example: You place a limit order to buy a share at ₹95. It will execute only if the price falls to ₹95.
A stop-loss order helps you limit your losses automatically by selling or buying a stock/contract when it hits a certain price.
You can place stop-loss orders easily using Alice Blue’s ANT platforms (Web OR Mobi).
Steps to Place a Stop-Loss Order:
Log in to your Alice Blue trading platform (ANT Web / Mobi ).
Search for the stock or contract you want to trade.
Click on Buy or Sell (depending on the position).
Choose Order Type: Select SL (Stop Loss) or SL-M (Stop Loss Market).
SL (Stop-Loss Limit) – Set both Trigger Price and Limit Price.
SL-M (Stop-Loss Market) – Set only Trigger Price. Order executes at market price once triggered.
Enter the Trigger Price (the price at which the stop-loss will activate).
Enter quantity and other details.
Click Place Order.
Example:
You bought a stock at ₹100 and want to limit the loss to ₹95.
Place a Sell SL order with:
Trigger Price = ₹95
Limit Price = ₹94.90 (if using SL)
Once the price touches ₹95, the order gets activated and will try to sell at ₹94.90 or better.
A Cover Order (CO) is an intraday order that includes a compulsory Stop-Loss to help limit your risk.
1. It combines:
2. A Market or Limit Order to enter the position
3. And a Stop-Loss Order to exit if the trade goes against you
Key Features of a Cover Order
1. Stop-Loss is mandatory at the time of placing the order
2. Meant only for intraday trading
3. Cannot carry the position overnight
4. Available only in F&O and Commodity (MCX) segments
5. Not available in the Equity segment
6. Position is auto-squared off before market closing time
Example:
You want to sell a crude oil contract at ₹6,800, and want to limit loss at ₹6,850.
You place a Sell CO with:
Sell Price = ₹6,800
Stop-Loss = ₹6,850
If the price hits ₹6,850, your position will exit automatically.
A Bracket Order (BO) is an advanced intraday order that helps you manage your trade by automatically placing:
Entry Order – to buy or sell
Target Order – to book profit
Stop-Loss Order – to limit loss
All three are placed together, creating a “bracket” around your trade.
Key Features of Bracket Order:
1. Used for intraday trading only
2. Includes Target and Stop-Loss with your main order
3. Once the target or stop-loss is hit, the other order is cancelled automatically
4. Helps with auto risk management
5. A trailing stop-loss option is also available
Example:
You want to buy a stock at ₹100:
Set Target = ₹105 (to take profit)
Set Stop-Loss = ₹97 (to cut loss)
All 3 orders are placed at once. If the price hits ₹105, the system will sell automatically and cancel the stop-loss order.
A Margin Intraday Square-off (MIS) order is used for intraday trading, where you buy or sell and square off the position within the same day.
Key Features:
1. Intraday-only order type — positions must be squared off before market close
2. Leverage is provided only in the Equity segment
3. No leverage or additional margin is available in F&O, Currency, or Commodity segments
4. Orders not squared off manually will be auto-squared off by the system
5. Auto square-off timings and charges may apply
CNC (Cash and Carry) is an order type used for delivery-based trading in the Equity segment.
This means:
You buy shares and hold them in your demat account — not just for the day, but for as long as you want.
You must pay 100% of the trade value upfront (no leverage is provided).
Key Features of CNC Orders
1. Used only in the Equity (NSE/BSE cash) segment
2. No leverage or margin is provided
3. You can hold the shares for short-term or long-term investment
4. There is no auto square-off at the end of the day
5. Shares are delivered to your demat account after T+1 day (settlement)
Example:
1. You place a CNC order to buy 100 shares of a company at ₹50 each.
2. Total cost = ₹5,000
3. You must pay the full ₹5,000 from your trading account
4. The shares will be credited to your demat account on the T+1 day
NRML (Normal) is an order type used when you want to buy or sell and hold a position beyond the same day — it is mainly used in Futures & Options (F&O) and Commodity segments.
It’s perfect for positional trading — where you don’t want to square off your trade on the same day.
Key Features of NRML Orders:
1. Used in F&O, Currency, and Commodity segments
2. Allows you to carry your position overnight
3. No auto square-off at the end of the day
4. Requires you to maintain a full margin as per exchange rules
5. Useful for multi-day or long-term strategies
IOC (Immediate or Cancel) is a type of order where:
The order is executed immediately (either fully or partially),
And any unfilled portion is automatically cancelled.
It is useful when you want quick execution and don’t want the order to remain pending in the system.
Key Features of IOC Orders:
1. Instant execution: Happens the moment it is placed
2. Partial execution possible: If only part of the order can be matched, that part is executed, and the rest is cancelled
3. No waiting: The order doesn’t stay open in the system
4. Can be used in all segments – Equity, F&O, Currency, and Commodity
Example:
1. You place an IOC order to buy 100 shares of a stock at ₹50.
2. If only 40 shares are available at ₹50, those 40 shares are bought immediately
3. The remaining 60 shares get cancelled automatically
A Day Order is a type of order placed on the stock exchange that remains valid only for the trading day on which it is placed.
Key Features:
Validity: Expires at the end of the trading session if not executed
Execution: If the price condition is met during the day, it gets executed; otherwise, it is automatically cancelled
Segments : Applicable all segments – Equity, F&O, Commodities, Currency
Order Types: Can be used with market orders, limit orders, stop-loss orders, etc.
Example:
You place a limit buy order for a stock at ₹100 at 10:30 AM.
If the stock hits ₹100 during the day, your order gets executed.
If it doesn’t, the order will be cancelled automatically after market close (typically 3:30 PM in Indian markets)
A margin shortfall occurs when the funds or collateral in your trading account are less than the required margin needed to maintain your open positions. This can happen in intraday, F&O, or pledged trades.
Common Reasons for Margin Shortfall:
1. MTM (mark-to-market) losses in F&O positions
2. Drop in value of pledged securities
3. Increase in margin requirements by broker or exchange
4. Carrying forward a position without sufficient balance
5. Failure to bring in additional margin within the deadline
Consequences of Margin Shortfall
Consequence Explanation
1. Penalty Charges : Exchanges (NSE/BSE) levy margin shortfall penalties:
0.5% of the shortfall amount (first occurrence)
1% or more for repeated/default cases
2. Auto Square-Off : Broker may forcibly square off your open positions (fully or partially) to bring your margin back to required levels
3. Blocking of New Trades : New trades was restricted.
ASM (Additional Surveillance Measure) is a regulatory framework introduced by SEBI, NSE, and BSE to monitor and curb unusual price movement or trading behavior in listed stocks. It acts as a preventive measure to protect investors—especially retail traders—from potentially risky or manipulated stocks.
Purpose of ASM:
1. To enhance market integrity
2. To safeguard investors from highly volatile or fundamentally weak stocks
3. To discourage speculative trading
Criteria for ASM Inclusion:
A stock may be placed under ASM based on:
1. Abnormal price variation (up or down)
2. Sudden spike in volumes
3. High promoter pledging
4. Low market capitalization
5. Unusual financial ratios (e.g., high P/E with low earnings)
6. Negative audit reports or regulatory red flags
GSM (Graded Surveillance Measure) is a regulatory framework introduced by SEBI, along with NSE and BSE, to protect investors and maintain market integrity by monitoring and controlling trading in high-risk stocks—typically those with poor financials, abnormal price movements, or signs of manipulation.
Purpose of GSM:
1. Warn investors about fundamentally weak or risky stocks
2. Discourage speculative and manipulative trading
3. Safeguard retail investors from pump-and-dump schemes
4. Ensure better corporate governance and transparency
Criteria for GSM Inclusion:
Stocks may be shortlisted based on:
1. High volatility or abnormal price rise
2. Low market capitalization
3. Negative or weak financial ratios (e.g. earnings, net worth)
4. Adverse auditor remarks or regulatory actions
5. High promoter pledging
GTT (Good Till Triggered) is a type of order provided by some brokers that allows you to place buy or sell orders in advance, which get activated only when a specific trigger price is hit.
Purpose of GTT:
To automate order placement based on market price without needing to monitor the market constantly.
How GTT Works:
You set:
A trigger price
A limit price
A quantity
The order stays on the broker’s server until the trigger price is hit.
Once triggered, the order is sent to the exchange with your specified limit price.
If the limit price is available in the market, the order gets executed.
GTT (Good Till Triggered) is a type of order provided by some brokers that allows you to place buy or sell orders in advance, which get activated only when a specific trigger price is hit.
Purpose of GTT:
To automate order placement based on market price without needing to monitor the market constantly.
How GTT Works:
1. You set:
A trigger price
A limit price
A quantity
2. The order stays on the broker’s server until the trigger price is hit.
3. Once triggered, the order is sent to the exchange with your specified limit price.
4. If the limit price is available in the market, the order gets executed.
