How to place buy or sell orders on Tiqs?
For Buy Orders:
Step 1: Go to the search bar and search the name of the share/F&O contract name.
Step 2: Click on Buy and fill the following details-
Order Type:
- Intraday: If you want to buy & sell on the same day during trading hours.
- CNC (Cash & Carry): If you wish to hold the share for more than one day.
Quantity: The number of shares you want to buy.
Price:
- Market Order: If you are wishing to place an order at the same price which is trading on exchange.
- Limit Order: If you expect a rise or fall of price which are trading on exchange.
- SL (Stop Loss) Order: If you want to set the buy price by placing limit order but at the same time you are limiting the loss from an unexpected fall by putting stop loss price.
- SL-M Order: If you want to place a market order but you also want to limit your losses from an unexpected fall by putting a stop loss price.
Validity:
- Day: A Day order will be placed to execute for a specific price for the day and if the price is not executed then the order will expire automatically at the end of the trading day.
- IOC (Immediate or Cancel): IOC orders are placed to buy or sell the security that must be executed immediately otherwise the order will be cancelled automatically.
- Minutes: Similar to IOC these orders validity is for the minutes you opt for (like 1 minute, 5-minute, 10 minute). If the price is reached at the expected price within the minute only then the order will execute otherwise the order will expire automatically.
Step 3: After filling the details click on the buy tab and confirm the details.
Step 4: After confirmation the order will be placed.
Step 5: Once the order is executed you can sell the security by placing square off order on your position by specifying the details about selling price, quantity etc.
For Sell Orders:
Step 1: Go to the search bar and search the name of the share/F&O contract name.
Step 2: Click on Sell and fill the following details-
Order Type:
Intraday: If you want to buy & sell on the same day during trading hours. (Sell orders for equity are only allowed for intraday.)
CNC: If you wish to hold the share for more than one day. (You can carry only F&O contracts. Carry sell position in equity is not allowed.)
Quantity: The number of shares you want to sell.
Price:
- Market Order: If you are wishing to place an order at the same price which is trading on exchange.
- Limit Order: If you expect a rise or fall of price which are trading on exchange.
- SL (Stop Loss) Order: If you want to set the sell price by placing limit order but at the same time you are limiting the loss from an unexpected fall by putting stop loss price.
- SL-M Order: If you want to place a market order but you also want to limit your losses from an unexpected fall by putting a stop loss price.
Validity:
- Day: A Day order will be placed to execute for a specific price for the day and if the price is not executed then the order will expire automatically at the end of the trading day.
- IOC (Immediate or Cancel): IOC orders are placed to buy or sell the security that must be executed immediately otherwise the order will be cancelled automatically.
- Minutes: Similar to IOC these orders validity is for the minutes you opt for (like 1 minute, 5-minute, 10 minute). If the price is reached at the expected price within the minute only then the order will execute otherwise the order will expire automatically.
Step 3: After filling the details click on the buy tab and confirm the details.
Step 4: After confirmation the order will be placed.