What does Best 5 bids and offers indicate

#1
hi all ,
I want to clear some basic doubts about best 5 bids and offers
attached image shows market depth for ispat industries ,
BID Price : 17.80 , offer price : 17.85
I understand that bid price is the price that u would pay if u buy the stock at market and but i am not very clear about the offer price , correct me if am wrong about bid price idea . actually it will be better if some one explain me these terms in layman language ,

the market depth for ispat shows 22589 @17.80 in left side of the table , does that mean that 22589 shares are waiting to be sold at 17.80 , Can i also infer that any order for less than 22589 @ 17.80( say 10000) would get executed real time without getting
queued up . also another question on the same line if 2 order are received at same time one market order @ 17.80 and 1 limit order @17.80 when the current price = 16.80 then which will get executed first market . or limit
I think it is good to place a limit order with the market price to prevent urself from buying at higher than expected price due to very rapid prices

One more thing I would be very helpful if someone guides me on how orders are matched in the Nse and bse
 
#4
hi all ,


the market depth for ispat shows 22589 @17.80 in left side of the table , does that mean that 22589 shares are waiting to be sold at 17.80 , Can i also infer that any order for less than 22589 @ 17.80( say 10000) would get executed real time without getting
queued up .
capricorn , am i correct abou this ? btw are u into scalping ?
 

columbus

Well-Known Member
#5
capricorn , am i correct abou this ? btw are u into scalping ?
Hi Pritam,

I disabled BEST 5 bids and offers.Because the last row Total Buy Qty and Total
Sell Qty often misleads you.I always follow LTP.
 

veluri1967

Well-Known Member
#6
The Bids/Asks are meant to trap.

Very often you see lot of big orders on one side. The movement you take position based on that, the very next movement orders disappear and appear in the opposite side.

Plus market orders are the ones which play havoc there making bids/asks redundant.

It is entirely not misleading but most of the times.
 
#7
hi all ,
another question on the same line, should we disclose the real quantity as it is in disclosed quantity field or should the disclosed quantity be manipulated , I believe that many traders disclose only 100 shares when they are really buying 1000 shares . wanted your opinion and a small discussion in this matter

thanking in advance
 
D

darkstar

Guest
#8
hi all ,
I want to clear some basic doubts about best 5 bids and offers
attached image shows market depth for ispat industries ,
BID Price : 17.80 , offer price : 17.85
I understand that bid price is the price that u would pay if u buy the stock at market and but i am not very clear about the offer price , correct me if am wrong about bid price idea . actually it will be better if some one explain me these terms in layman language ,

the market depth for ispat shows 22589 @17.80 in left side of the table , does that mean that 22589 shares are waiting to be sold at 17.80 , Can i also infer that any order for less than 22589 @ 17.80( say 10000) would get executed real time without getting
queued up . also another question on the same line if 2 order are received at same time one market order @ 17.80 and 1 limit order @17.80 when the current price = 16.80 then which will get executed first market . or limit
I think it is good to place a limit order with the market price to prevent urself from buying at higher than expected price due to very rapid prices

One more thing I would be very helpful if someone guides me on how orders are matched in the Nse and bse
friend which T A software u use pls provide me link