Re: I require Help
karthik4285 said:
hai there,
i came across this site couple of days ago while searching the net for some ino on shares..an this site has clarified many of the doubts..so keep up the good work..i have question..i have a account with sharekhan however i have not started trading yet i wanted to know what Bid qty/bid price and offer qty and offer price means..coz when i buy shares by selecting market price will the bid price be selected or the offer price..and if the bid qty is for example 50 can i buy 100 shares..please reply..warm regards.
Hello karthik,
If you buy at market price then offer price will be selected.
If offer qty is 50 & u ordered 100 shares on market price then u will get your first 50 on offer price & balace 50 will be bought on next offer price (which will be higher than first)
One example -
Let there is offer price of a script as follow-
500 @ 100/-
1000 @ 101/-
1500 @ 102/-
500 @ 105/-
Now if you put an order of 3500 qty at market price.......all order will execute & LTP of script will be shown 105/-.
In my opnion you should avoid order on market price........... if a script is rising fast & u want to buy quickly .......enter some higher amount at which you are ready to buy.....but enter some amount & not market price......else you may get a script at a price at which you may not want to buy.
Some senior members may help you in this matter.
Er.K.S.Kachhwaha