limit order in ICICI

#1
I have a question regarding limit orders.
I have a virtual trading account in ICICI virtual.
If the CMP of XYZ stock is 600 Rs.
then I place a sell limit order at 610 rs.
after sometimes, the CMP goes to 613 Rs.
Then I want to know that the stock will be sold on 610 or 613 Rs..
Sir please tell me......
-bharat
 

badarivt

Active Member
#4
Once limit is reached, a trigger is set off to sell the stock above the limit price. Above your limit price of Rs 610, what ever is the price at which a buyer for your stocks is available, your stock will get sold at that price. Usually, price does not gap up from Rs 610 to Rs 613. So your order would get executed at say Rs 610.1 or so usually for liquid stocks
 

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