Skip to main content

Order Types

Market Order - No bargain, buy at market face value​

when you intend to buy at market available prices instead of a very specific price that you have in mind

Limit - Add your bid for the stock​

when you are very particular about the price you want to pay for a stock.

SL Limit​

stop loss order

SL Market​

Advanced​

What is the disclosed quantity feature and how to use it?​

Disclosed quantity feature while placing equity orders allows only a part of the total order quantity to be disclosed to the market as shown in the market depth. Once a part of the order is executed, the next part is disclosed to the market. This feature can be used while placing large orders to reduce impact cost and to get a better execution by disclosing only a portion of the large order in the best bids and offers in the market depth.

What is the disclosed quantity feature and how to use it?

Position​

  • Intraday - Don't send to demat account
  • Delivery - Send to demat account
  • TIF (Time in Force)
  • Day - Till the end of day if Limit get's triggered
  • IOC - Now or never at Limit order
  • AON - All-or-None order - An all-or-none (AON) order is a stock trade order that must be executed in full or not at all. AON orders are considered restricted.

Orders​

Product types​

  • CNC (Cash n Carry)
  • MIS (Margin Intraday Squareoff)
  • NRML (Normal F&O trades)

Order types​

  • Limit (LMT) order
  • Market (MKT) order - A market order is an instruction to a broker to buy or sell a security at the current market price. It's the most common type of order placed by investors
  • Stoploss or trigger orders (SL and SL-M)
  • Good till triggered (GTT)
    • Single trigger
    • OCO (One Cancels the Other) trigger
  • Basket orders

Advanced order types​

  • Regular orders with time validity
  • Cover orders
  • Cover order with limit entry
  • AMO (After market orders)

https://kite.trade/docs/kite/orders

Complexity​

Simple Order

AMO - After Market Orders (after 3:30)

CO - Cover Order​

Stop loss is must (good for intraday traders, long term investors not so much)

OCO - One Cancels Other (Bracket Order)

Both target price and stop loss price