PIB - SL trigger price along with limit price ?

#1
Please see the screenshot below .




If i have to buy NF at say 4300 ,
Should I enter
1. "MARKET" box as = 4300
"TRIGGER PRICE" box as = 4299 ?

or should I just put 4300 in market box and enter ? no need to enter trigger price ?
( entering a number in "MARKET" box will treat this as limit price ? )

2. SL for the same , suppose if the buy is at 4300 .
SL order will be like
"MARKET" box as = 4296
"TRIGGER PRICE" box as = 4298 ?
so I want to sell it at 4296 and it will be triggered at 4298 right ?

can the market (limit price) and trigger price be same ?

sorry for being noobish , this is different form ICICI :) , I am aware of SL and market orders , just wanted to be sure they mean the same at PIB also .
 
Last edited:

rkkarnani

Well-Known Member
#2
Please see the screenshot below .




If i have to buy NF at say 4300 ,
Should I enter
1. "MARKET" box as = 4300
"TRIGGER PRICE" box as = 4299 ?

or should I just put 4300 in market box and enter ? no need to enter trigger price ?
( entering a number in "MARKET" box will treat this as limit price ? )

2. SL for the same , suppose if the buy is at 4300 .
SL order will be like
"MARKET" box as = 4296
"TRIGGER PRICE" box as = 4298 ?
so I want to sell it at 4296 and it will be triggered at 4298 right ?

can the market (limit price) and trigger price be same ?

sorry for being noobish , this is different form ICICI :) , I am aware of SL and market orders , just wanted to be sure they mean the same at PIB also .

You should have specified what is the CMP of Nifty, it would be easier to reply.

Let us assume :
Nifty is 4290 and you wish to buy when 4300 is triggered :

Use BUY Panel : In the market box mention the rate 'upto' which u are willing to buy once nifty crosses 4300... say 4301

So you write 4301 in market box and 4300 in trigger box!!! The moment Nifty is traded at 4300 you buy order for nifty at 4301 shall be triggered.

Use BUY panel : If Nifty is 4320, all you do is mention 4301 in market box and your trade is on!! No trigger price is to be mentioned

Use SELL panel :If you hold a long position in nifty and CMP is 4320 and wish to place a stop order, say sell nifty at 2998 if it trades at 2999, type 2998 in market and 2999 in trigger.

Use BUY panel : If you hold short position in nifty , cmp 4320 and wish to exit(apply a SL) at say 4336 if it crosses 4335:
type 4336 in market and 4335 in trigger
 

Similar threads