Will any broker provide this??

#1
Sometimes I get tips for certain BSE stocks, they rise within a few seconds from market opening...in lik 5-10 seconds & fall immediately again in 5-10seconds.The problem is, since the stocks are so fluctuating, none knows exactly what the opening price will be & even if I place an AMO for the market price, by the time it triggerrs, the stock prices would be already escalated.This happens as as AMOs take time to execute.
I am not always at home, so I thought I would tell my RM to place them for me, but sharekhan RMs can't place order on BSE.
So, I decided to call Dial n trade for that. They are not assigned to us like RMs & can't provide that service. But the main reason is they cannot buy on market price for BSE, for BSE they can only buy on limit price which is very difficult considering the volatile nature of these stocks. By the time they will try to type the limit price, the price of the stock woould have fallen or increased considerably.

So what I need is a broker who has an RM who can place orders for BSE. & to add, he should be able to buy on the market price & not the limit price.
Who provides such facility?

Thankyou.
 
#2
Here is what I do:

If I wanted to buy @ Market price (but SK allows only Limit price), place a Buy order with Limit price well above the market price.

To sell @ Market price, place a Sell order with Limit price below the market price.

Do let me know if this works for you.
 
#3
Of course, I had thought of this but we are talking about a stock whos value will change in every 4-5 seconds & with a very huge difference. Besides, at Dial & trade, you do not get a dedicated executive like RM.

By the time, the person in Dial trade tells me the market price & asks me to conform (in a situation hweere I am not in front of a pc) the stocks value will have fluctuated. So, I will end up buying more expensive stock.
I could give him the liberty to buy, but I have seen it doesn't work this way.

Also, I need to be on phone with the dial & trade guy when the market opens for this, I can't call them before & tell them to buy at the then market ptice.
 

alroyraj

Well-Known Member
#4
Both Indiabulls and Angel have an RM assigned to you. But in order to have a good RM you need to meet and shortlist them by visiting various branches. You need to check on the BSE aspect for yourself though.
 
#5
I think the problem here is not the RM, but his inability to place orders in BSE.
Dial n Trade (for any company) is definitely not a good idea if you are trading short price gaps, your call will be kept waiting and the price would cross.
 

Capricorn

Well-Known Member
#6
Of course, I had thought of this but we are talking about a stock whos value will change in every 4-5 seconds & with a very huge difference. Besides, at Dial & trade, you do not get a dedicated executive like RM.

By the time, the person in Dial trade tells me the market price & asks me to conform (in a situation hweere I am not in front of a pc) the stocks value will have fluctuated. So, I will end up buying more expensive stock.
I could give him the liberty to buy, but I have seen it doesn't work this way.

Also, I need to be on phone with the dial & trade guy when the market opens for this, I can't call them before & tell them to buy at the then market ptice.
You need to be placing orders with the dealer directly not your RM. Ask for the dealers number. I never place an order thru the Rm. All orders to the dealer are recorded.
 
#7
Is there anyone from angelbroking or other popular broking firm, I would like to ask you if your RM can place orders on market price on BSE. This is verry urgent for me
 
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