1. When placing buy orders, the limit price must be lower than the current market price.
2. When placing sell orders, the limit price must be greater than the current market price.
As an example, if a script’s CMP is Rs 100, buy-limit orders must be placed below Rs 100 (Rs 95, Rs 99, etc.), and sell-limit orders must be placed above Rs 100 (Rs 101, Rs 108, etc.)
Stop loss
1. When placing buy orders, the SL must be Higher than the current market price.
2. When placing sell orders, the SL must be Lower than the current market price.
As an example, if a script’s CMP is Rs 100, buy SL orders must be placed above Rs 100 (Rs 105, Rs 110, etc.), and sell limit orders must be placed below Rs 100. (Rs 95, Rs 94 etc.).
Note: While Buying the Price should be higher and the Trigger price should lower
While Selling the Price should be lower and the Trigger price should be higher
Note:
If the preceding rule is not followed, limit orders will be executed as market orders by default.
We are providing GTT orders but the GTT order is available only for the Buy side.
