ICICI margin trade order placing ?confusing!
Hello all ,
Need information since its confusing .How to place the margin trade order for a buy or sell order under margin .
looking at above ,
Ex - RELCAP i want to buy at 325 (LTP) which is the current price .
I am confused here , is the limit price to sell after i buy ?
Stop loss Trigger price is to trigger the sell after i buy ?
and when i place the order it says SLTP cannot be less than LTP ?
Also can some one explain what is the below from ICICI website.
"Please note that in a buy order the SLTP cannot be less than the last traded price. This is treated as a normal order because the condition that the last traded price should exceed the stop loss trigger price for a buy order is already satisfied. Similary, in case of a stop loss sell order the SLTP should not be greater than the last traded price for the same reason. "
Thanks, this forum rocks .I have been reading a lot and there is wealth of information here ,no time to soak all .
Hello all ,
Need information since its confusing .How to place the margin trade order for a buy or sell order under margin .
looking at above ,
Ex - RELCAP i want to buy at 325 (LTP) which is the current price .
I am confused here , is the limit price to sell after i buy ?
Stop loss Trigger price is to trigger the sell after i buy ?
and when i place the order it says SLTP cannot be less than LTP ?
Also can some one explain what is the below from ICICI website.
"Please note that in a buy order the SLTP cannot be less than the last traded price. This is treated as a normal order because the condition that the last traded price should exceed the stop loss trigger price for a buy order is already satisfied. Similary, in case of a stop loss sell order the SLTP should not be greater than the last traded price for the same reason. "
Thanks, this forum rocks .I have been reading a lot and there is wealth of information here ,no time to soak all .
Last edited: