Dear Sir, I am a beginner at sbicapsec.com. I have to make to purchase a share for long-term investment. What are the entries I have to make in the buy window like, Mrkt (RL, AU) Order Terms (DAY, EOS, PFC, PFK) Trd. Acc. (DEL, INTRADAY, OBLIGATION) Thanks Ask by Regina Joshi. Ok, Now I give you details of terms using in SBICAPSEC.
1. Mrkt: - means a market order there is 3 types of order
I. Limit order : - suppose you want to buy Arvind Ltd @80 than you place a limit order of 80 if this rate is coming during the trading day then your order is executed otherwise cancel.
II. Market order : - if you placed a market order than it will be executed at once at a current market price.
III. Stop loss order: - means your order executed when your stop loss is triggered.
2. Some of other terms using SBI cap sec is means as
NL : Normal Lot ( For NSE )
RL : Regular Lot ( For BSE )
LO : Limit Order ( Specific Price for the Order )
MO : Market Order ( Buy/Sell at the current rate of the scrip. )
SL : Stop Loss Order for any Open position
DEL : Delivery of the Scrip
INTRADAY : Buying and Selling on the same day ( Sq Off )
MAR : Margin Order( F&O Segment)
OBLIGATION: Delivery Sell on subsequent days
DAY : Order will be for the trading session ( Till 3.30 pm )
AMO : After Market Orders ( For Next Day )
DAY : THE ORDER IS VALID FOR THE DAY
IOC : IMMEDIATE OR CANCEL AT THE CURRENT Prevailing PRICE OR PRICE SPECIFIED LTP: - last trading price.
TTQ: -total trading quantities.
EOS = End Of Session Only
DPF : DP free stock
DPH : DP holding
BEN : beneficiary stock
3. BSE added Two new Order terms PFC and PFK which are applicable only for Market orders.
PFC – Partially Filled Cancelled is used in the pre opening session of BSE means if the order partially filled than remaining order is cancelled.
PFK – Partial Fill or Kill (it’s actually an IOC order) also known as Partially Filled Killled if order not full fill in pre opening session then it will be cancelled whole order is killed.
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Hi I am new to share market. I want to know how to use Limit Order. can you explain with an example. suppose I want to buy ONGC @298/- with limit order. The limit order will be triggered when the price reaches 298/- on that day and say for that day ONGC was closed @ 294 (below 298 limit order price). Then i would like to know at what price the transaction will takes place. ie @ 294 or 298
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