Limit Orders Vs Market Orders - Nifty Futures

[mehoolsheth]

Dear Friends,

Need suggestions in trading around 5000 Nifty based on Limit or Market orders. My question is what will be a better way to open and close trades with such quantities?

As I trade 30M / 60M Charts, if I put Limit orders than, chances of getting this quantity will be difficult and If I put Market order than possibility of getting it very expensive is very high.

Any Ideas please?

Thanks in Advance.

Regards,
Mehool.

 

[manjunnovates]

Thats the point. You cant do anything. No way out.

 

[trader_ks]

Divide 5000 in 10 trades of 500 shares each and place limit order on all(at equal difference of 1-2 points) with average of your original price plan.

While selling you can sell in equal 10 trades(500 stocks) with market price, Though here also few lots will fill at slightly higher/lower price.

 

[mehoolsheth]

Thanks Guys for the update.

 

[osho343]

Thanks Guys for the update.

MIS order with higher or lower sl can also act similar to BO??just query to what you have written.instead of Bo where it is at market higher or lower price...pls some one can answer