What is type in Zerodha?

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.

What is Type limit in Zerodha?

Limit Orders

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. You don't want to pay more than Rs 92.

What is product type in Zerodha?

CNC, MIS and NRML are the Product type to be used every time you place an order through Kite. 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.

What is Type SL in Zerodha?

There are 2 types of Stop-Loss orders: 1. SL order (Stop-Loss Limit) = Price + Trigger Price. 2. SL-M order (Stop-Loss Market) = Only Trigger Price.

What is type in Zerodha Kite stock buy?

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. Limit - A limit order is an order to buy or sell scrips at a specified price. When you are buying, you instruct your broker not to go higher than the specified price.

Zerodha Order Types

What is product type in trading?

Trading product types are the product codes used for trading based on whether you intend to buy and sell the same day or take an overnight position.

What is product type delivery in trading?

Delivery transactions do not allow an investor to buy and sell shares within the same day. The person can keep the shares in these transactions for a longer duration, depending on his/her willingness. The length will range from two days to even two or more decades. This process is called delivery trading.

Which is better SL or SLM?

if u do more trades, use slm so that even if there's slippage in some trades, you still make profits. also, if its a volatile stock, use slm else sl will erode profit, and if not so volatile, use sl so that slm wont eat profit. The more liquid the stock, the lower the slippage.

What is RL SL and CA in trading?

RL are normal orders which do not have conditions like Stop Loss, All or None(get all qty or cancel) or Minimum Fill(get minimum qty or cancel). SL is Stop Loss Order where order enters market after a threshold price you set in the order.

What is SL and SLM in Zerodha?

Similar to how a limit order can be used as a market order, you can also use the SL - L (stop loss limit) order as an SL-M (stop loss market) order. To do this, you need to ensure you place a limit price, higher or lower than the trigger price depending on whether you intend to buy or sell. Here is an example -

What is CE and PE in trading?

CE stands for Call Option and PE stands for Put Options. -Call option gives the holder the right but not the obligation to buy the underlying stock at the predetermined price and time. You hold a Call Option when you expect the underlying stocks prices to go up.

What is CNC and NRML in trading?

CNC – For trading Equity in delivery. MIS – For trading Equity & F&O in intraday. NRML – For trading F&O, Currency and Commodities for overnight position.

What is CNC and MIS in share market?

MIS. CNC stands for Cash and Carry. MIS stands for Margin Intraday Square off. CNC is used for delivery trading. MIS is used for intraday trading i.e. buying and selling the same stock same day.

What is IOC order type?

An Immediate-Or-Cancel (IOC) order is an order to buy or sell a stock that must be executed immediately. Any portion of an IOC order that cannot be filled immediately will be cancelled.

What is order type limit?

A limit order is a type of order to purchase or sell a security at a specified price or better. For buy limit orders, the order will be executed only at the limit price or a lower one, while for sell limit orders, the order will be executed only at the limit price or a higher one.

Is it better to buy at market or limit?

Limit orders set the maximum or minimum price at which you are willing to complete the transaction, whether it be a buy or sell. Market orders offer a greater likelihood that an order will go through, but there are no guarantees, as orders are subject to availability.

What are the 4 types of stocks?

What is IOC and GTD?

IOC - Any portion of an Immediate-or-Cancel order that is not filled as soon as it becomes available in the market is canceled. GTD - A Good-Til-Date order will remain working within the system and in the marketplace until it executes or until the close of the market on the date specified.

What is SL order type?

A SL Order is a Stop Loss Limit Order. This is an order for exiting a position, in which the price is specified by the trader. Once the price has been triggered by the market, an order will be placed at this price to exit your position.

What is GTT in Zerodha?

“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.

What is day and IOC in Zerodha?

They are Day (Regular day order) and Immediate or Cancel (IOC) orders. Day orders remain valid and will wait for the order matching until 3:30 PM(Market close). The order gets executed on finding an order match. Day orders do not get auto-cancelled, unlike IOC orders.

What is Co and Bo in Zerodha?

So the leverages offered across all our intraday products, Bracket orders, MIS or Cover Orders (CO) has to be the same. There can't be any additional leverage given because of the mandatory stop-loss order. Hence you could just use MIS or CO and just get the same leverage as BO.

What are the 2 types of stock?

Which is better intraday or delivery?

While intraday trading gives the opportunity for low capital accounts and margin payments, delivery trading requires complete amounts for its transactions. As an intraday trader, if one can judge and forecast the value of shares at short and small intervals, then intraday trading is a good idea.

Can I buy 10000 shares in delivery?

So, when you conduct a trade, you essentially freeze the funds or shares while placing the order. For example, suppose you place an order worth Rs 10,000, the amount of funds allocated for stock-buying (cash limit) should be at least Rs 10,000 or more. Only then can you purchase the stocks.