Buy Scrip at given Price only in Intraday.

Hi, :thumb:
I am using Odin Diet to trade in NSE/BSE Equity stocks...

I have doubt in here related to buying and selling stocks. let me give you example.

eg1:- Consider company xyz is currently trading at Rs. 95. I am expecting it to go UP to 102. So, But I wanted to BUY only when price is between Rs.99.50 - @100 only.?

eg2:- Consider company abc is currently trading at Rs. 200. I am expecting it to go DOWN to 190. But I want to SELL abc shares only when price is between Rs.194.50 - @195?

Note :- I have list of companies on which I wanted to place order in advance and don't want to wait till that reaches price . so that I dont have to monitor eacch company prices every second.

Thanks.:thumb:

You have to place stoploss orders.For example, CMP is 95 and you want to buy @100,you can place buy stoploss order @100,trigger price @99.5 and vice versa for sell stoploss.

gr8... Thanks vsaran:thumb:.. but correct me if I am miss-interpreted STOP LOSS term.

I already had placed Buy stoploss order 500qty @100,trigger price @99.5..

Q1 :- will the above order start executing automatically if the price is >= 99.5.?

Suppose the CMP reached to 99.75. and my order quantity executed successfully before it reached to CMP@100.

Q2 :- what will happen if CMP again goes below 99.5 again? Will it get sold again automatically.

.....

OR

Does "Buy StopLoss Order with trigger price" means "execute only BUY when cmp is between 99.5 and 100". ? No Automatic Selling.
Does "Sell StopLoss Order with trigger price" means "execute only SELL when cmp is between 194.50 - @195". ? Not automatic buying.


I hope you understand where I am stuck.

Thanks

1.Yes.your SL buy order will get executed when the price crossed the trigger price ie 99.50 upto 100 what ever the price available.If there is no seller between 99.5 and 100,your order will be waiting @100.
2.No.It will not get sold automatically.After your SL buy order got triggered and bought,you have to place a normal/SL sell order.I hope your doubt is clear.
For further clarification,contact your broker.They will do what you need.