Automatic Buy & Sell of stocks

Dear All,

Please tell me that how can one set a limit to buy or sell a particular stock?
And at what time this action can be performed?

For example:

Stock A current price: 255 Rs.

Automatic buying limit set to : 250 Rs.
Automatic Selling limit set to: 260 Rs.

So means as soon as the stock reached to the set limit for both buy & sell than your actions / orders can be performed.....

And also tell me that is this possible to set buying limit when market is closed so that next day action performed...

I am using sharekhan

I am as much a newbie as you, but I think I can tell you that you have to set limit order instead of market order.

For buying the share at Rs 250, you have the set the buy limit at Rs 250 and trigger limit slightly higher, viz 250.1

For selling the share, you will have to set the sell limit at Rs 260 and the trigger limit a bit higher viz 260.1.

I use another trading account (hdfc) and my reply is based on my experience with them. I am sure the system with sharekhan will be similar.

I am not sure if these limits can be entered after the markets close. Common sense suggests that it should be possible. I think some experienced members should tell us abut this.