Please explain what is Disclosed Qty?

When i try to place an order there are two fields which i have no idea, please explain. The fields are:

1. Disclosed Quantity
2. Protection %

Note: I'm using reliance money.

1. if you want to show buy/sell quantity of shares less than your actual quantity, you can use this. You can show 90% less quantity using this. if you have 100 shares you can show 10 shares for buy/sell. It helps when buying/selling when you don't want others to see the quantity so that they don't manipulate prices.

Assignment: put a buy order of 10 shares of Any scrip, and use disclose quantity of 2. (you can see shares getting bought 2 at a time consequently)

2. When You place market order, Protection % will protect you from buying/sell your shares plus or minus percentage you specified. this will help when you are in panic or hurry to buy/sell and see that the prices is rocketing or falling fast, and you want to get in or get out at market price.

Assignment: try market order with any scrip with low volume and high spread (big price difference between (bid) buy and (ask) sell values) say, Religare,Lakshmiefl. if you place a market buy order of 100 shares, then the price may go 2-3% up. if you use 1% protection, the price may rise only 1% (this will save your money)

Thanks for the Reply, It was really informative.

thanks very much

Rizwaan - Can you also tell me the difference between limit order and market order?

Thanks a lot mubzaveri