What are the different types of orders available on Share India?

When placing an order on Share India, you need to decide not only which stock to trade but also how you want your trade to be executed. Orders vary based on trading style, execution method, risk management, and validity. Let’s break it down in simple terms:

Based on Trading Style:

Intraday Order: An intraday order is when you buy or sell a stock within the same trading day. If the position is not squared off before the market closes, it is automatically closed.

Delivery Order: A delivery order allows you to buy stocks and hold them in your Demat account for as long as you want. There is no requirement to sell the stocks on the same day. This is suitable for long-term investors who want to build a portfolio.

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Where to Set Them on Share India: 

Based on Execution Type

Market Order: A market order is executed immediately at the current available price in the market. There is no control over the exact execution price, as it depends on market demand and supply.

Limit Order: A limit order allows you to set a specific price at which you want to buy or sell a stock. The order is executed only if the stock reaches the set price. If the stock does not hit the price, the order remains pending.

Where to Set Them on Share India:

Based on Validity and Timing

Day Order: A day order remains active until the market closes. If it is not executed within the trading session, it is automatically cancelled.

Immediate or Cancel Order (IOC Order): An IOC order is executed immediately. If the full quantity cannot be executed, the remaining portion is cancelled. This is useful for traders who do not want to wait for execution.

After Market Order (AMO): An after-market order allows traders to place orders before or after regular market hours. The order is executed when the market opens the next trading session.

Where to Set Them on Share India:

Day or IOC Order: 

After Market Order: 

Based on Risk Management

Stop-Loss Order (SL Order): An SL order is a type of order where both a trigger price and a limit price are set. When the stock reaches the trigger price, a limit order is placed at the specified price, ensuring the trade is executed within a set price range.

Stop-Loss Market Order (SL-M Order): An SL-M order only requires a trigger price. Once the stock hits the trigger price, a market order is placed, ensuring execution at the current available price but without price control.

Where to Set Them on Share India:

Special Trading Orders

Cover Order (CO)

A cover order is a two-in-one order that includes an initial order and a mandatory stop-loss order. Placing a cover order helps traders to mitigate risks effectively.

Bracket Order (BO)

A bracket order is similar to a cover order. It includes three orders in one order: an initial order, a stop-loss order, and a target price order. It helps traders automate and define their risk and reward levels by setting exit conditions at the time of placing the trade.

Where to Set Them on Share India:

Cover Order:

Bracket Order:

Here is a summary of all the order types:

In case you face any issues or need any support while using the platform, you can contact the Share India support team via email at support@shareindia.com or by phone at 1800 203 0303.