I have a question in my mind since long. Please help me for this.
This is regarding the gap which occurs as soon as market opens in morning.
Suppose today Nifty closed at 5970. I think tomorrow Nifty will open with a gap say 6000. I go to my trading site (sharekhan, icicidirect etc) after market closed and put a limit order to buy a Nifty at 5980. Fortunately Nifty opens next day at 6000. My question is, will I be able to get the Nifty at 5980? (will my order be executed at 5980?) If not, why? Then who are those who get benefits from Gap? The Brokers? Big trading companies? FIIs?
Or if I put a limit order above 6000, say 6010, then will I be able to get the Nifty at 6000?
Please reply.
This is regarding the gap which occurs as soon as market opens in morning.
Suppose today Nifty closed at 5970. I think tomorrow Nifty will open with a gap say 6000. I go to my trading site (sharekhan, icicidirect etc) after market closed and put a limit order to buy a Nifty at 5980. Fortunately Nifty opens next day at 6000. My question is, will I be able to get the Nifty at 5980? (will my order be executed at 5980?) If not, why? Then who are those who get benefits from Gap? The Brokers? Big trading companies? FIIs?
Or if I put a limit order above 6000, say 6010, then will I be able to get the Nifty at 6000?
Please reply.