Limit trading

#1
Hi,

I am new in the share market trading.

I am using ICICI DIRECT
I want sell the share by using limit trading. actually i had purchased the share at
115. So i will have to sell it at 120.
I am not an regular investor so that it is not possible to me check online when share will reach at 120 then sell.

So read that i can set the limit price i.e. 120 in icici. But i want more information about this type of trading.

Once i will set the limit 120, can i change it, because i could not see any option to change it.
Once i will set limit how many days it will be with activated status?

Thanks!
Abhay
 

bunny

Well-Known Member
#2
I do not have an account with ICICI, so can't answer your specific queries, but all pending orders are canceled at the end of the day. Any LIMIT/MARKET order is valid only for that day and needs to be re-entered on the next day.

At most, you can setup an SMS or email alert using some financial portal like rediff or moneycontrol to alert you when the target price is achieved, and then you can place the order with your broker.
 
#3
hey boss u can set limit order in icicidirect by clicking limit fill ur price and quantity in apppropriate box.ur order is valid for 9 to 3.30 for trading day.again u can set ur new limit order for trading if previous one not executed.go to order book for modifying ur any pending order.view trade book for executed order.and dont trade with icicdirect coz it is too costly for trading.it is only for long term investor.