What orders can be placed in a pre-order and post-order session?
1) Market orders- These orders don’t have a specified price while buying or selling. These are executed as per the availing market rates.
2) Limit orders- these orders have specified a market rate i.e the price and the quantity and hence they get executed once the match price is found.
All market orders are executed at the symmetry price as per depending on the demand and supply. Also, the limit orders that are not executed are carried forward to the open market. The closing session runs from 3:40 PM to 4:00 PM. People can buy and sell orders in equity during this session at the market price but it will be placed at the closing price on the exchange.
Let’s take the example of JINDAL STEEL. If the closing price of JINDAL STEEL at 3:30 PM is Rs. 139. You can buy or sell the shares between 3:40 PM and 4:00 PM, you can place market orders to buy/sell JINDAL STEEL at market price (will be taken at Rs. 139)
What are the pre-market and post-market sessions?
The pre-opening session takes place right before the market opens. NSE conducts it between 9 am to 9.15 am. It began to curb the volatility of securities in the everyday market opening. The session consists of 15 minutes, is divided as under- 8 ...
What are the types of orders?
An order is placed when the buyer and seller have the matching criteria in buying and selling stocks. There are different kinds of orders that can be placed on trading exchanges for stocks and commodities. futures contracts. In other words, the ...
What is Cover order?
A Cover Order is intraday order which is followed by a mandatory Stop Loss Order. Hence, two orders can be placed at one time. This helps traders minimize their losses by protecting themselves from unexpected market fluctuations. A Cover Order can be ...
What are the market timings?
Trading on exchange platform takes place on all days of the week except Saturdays, Sundays and holidays declared by the Exchange. The Market timings are as follows: Equity: 9.15 am to 3.30 pm – Normal trading For NSE Cash, BSE Cash, and NSE F&O ...
What is the difference between cover order and bracket order?
Cover order is an order type where you place a stop loss along with the initial order is compulsory. Hence, the loss in the trade is already covered. Cover order helps to limit your losses, reduces the risk and hence offers much higher intraday ...