Hi,
By definition a limit order means the maximum amount we are willing to pay in case we are buying & willing to accpet in case we are selling.
A market order is telling get the order filled with the best available price/matching..
This may look like a dumb question,but:
If an option or a future is say trading at @ 100. In the limit order, by mistake if we enter 1000, will it get executed?
Say if some guy entered a market order to sell and we mistakenly entered 1000 to buy, the order getting filled and putting a dent in capital?
Do NSE or SEBI have any rulings or safeguards for this situation assuming thing happens?
Thanks
By definition a limit order means the maximum amount we are willing to pay in case we are buying & willing to accpet in case we are selling.
A market order is telling get the order filled with the best available price/matching..
This may look like a dumb question,but:
If an option or a future is say trading at @ 100. In the limit order, by mistake if we enter 1000, will it get executed?
Say if some guy entered a market order to sell and we mistakenly entered 1000 to buy, the order getting filled and putting a dent in capital?
Do NSE or SEBI have any rulings or safeguards for this situation assuming thing happens?
Thanks
