Other Orders
Last updated
Last updated
"Bracket Order" are a type of Intraday Order that allows traders to set a Stop-loss Order and a Target Order simultaneously when entering a Position. It is designed to "Bracket" your Initial Order. Hence, there will be two (opposite side) orders placed with the Initial Order. The stop-loss Order is designed to limit potential losses in the event that the market moves against your Position, while the Target Order represents your profit-taking level.
Using a Bracket Order, you can set both the Stop-loss and Target Price levels in advance, which helps manage risks and potentially increase the chances of success of trades. Since Bracket Orders are an Intraday Product, they are auto squared-off at the end of the day and cannot be carried forward.
To place a BO Order, follow these steps:
Open the Order Placement Page for the security you wish to buy or sell.
Choose/enter the "Exchange", "Order Type", "Quantity". Please note that Bracket order can only be placed when the Order Type is 'Market'.
Enable the "Bracket Order (BO) Toggle" .
Select the Time Condition as "Day".
Click the "Review Order" Button to re-check your order details.
After confirmation, click the "Place Order" Button. Your order will be sent to the exchange.
Please Note: Bracket Orders are Day Orders and cannot be places as GTD (Good-Till-Date) Orders. Optional-enable the Trailing Stop-loss option to automatically modify the stop-loss based on favorable price movement.
Go to the "Open Order".
Find the group of Three Open Bracket Order Legs.
A "Select Box" with multiple options appears.
Or click on the "Order Details" option and Order Summary page will open. Then click on the "Modify" Button towards the bottom of the page.
Make the desired changes to any or all of the legs of the Bracket Order in the Initial order page.
Click the "Review Order" Button and then "Place Order".
You will receive a confirmation of your Modified Order.
The modification is complete once you receive the Confirmation.
You can also go to the "Order Log", which is part of the Order Summary Page, to confirm the modification.
Go to the "Open Orders".
Find the group of Two Open take Profit or Stop-loss Orders.
A "Select Box" with multiple options appears.
Or click on the "Order Details" option and Order Summary page will open. Then click on the "Modify" Button towards the bottom of the page.
Make the desired changes to either both or one of the take Profit or Stop-loss Orders in the Initial Order page.
Click the "Review Order" Button and then "Place Order".
You will receive a confirmation of your Modified Order.
The modification is complete once you receive the Confirmation.
You can also go to the "Order Log", which is part of the Order Summary page, to confirm the modification.
The Target and Stop Loss Legs of a Bracket Order cannot be cancelled once the main order has been cancelled.
If you have an executed "Bracket Order" and want to cancel the Take Profit and Stop-loss Orders, the only option is to Square Off the Open Position. To do this, follow these steps:
Go to the "Position" page from the "Portfolio" tab.
Locate the group of Three Bracket Order Legs that you want to Cancel.
A "Select Box" with multiple options appears.
Confirm the Square Off.
Once you Confirm the Order, one leg of the Bracket Order will be modified to a Market Order and will be executed immediately, while the other leg will be Canceled.
You can view the status of both orders in the "Closed Order Book."
Please Note: All Square Off orders will be Market Orders.
Bracket Orders have an optional "Trailing stop-loss" feature wherein the Stop-loss Order Price is automatically modifies based on favorable price movements for the Position taken. Unfavorable price movements on the other hand, will not result in the stop-loss order orice being modified.
A "Trailing Stop-loss" is a dynamic stop-loss that adjusts as the price of a security moves in favor of the Open Position. It is often used in conjunction with Bracket Order, which includes a Target Profit Price and a Stop-loss Price. As the price of the security moves in favor of the trader, the Stop-loss Price is adjusted by the default trail of 1 INR. If the price of the security reaches the Target Price, the trade is closed at a Profit and the Stop-loss Order is cancelled. If the price of the security falls below the Trailing Stop-loss Price, the trade is closed to limit losses.
Here is an example of how the "Trailing Stop-loss" feature works:
A trader places a buy bracket order for XYZ stock with a Trailing Stop-loss of 1 INR. This includes as Initial Order at 100 INR, a Target Order at 110 INR and a Stop-loss Order at 90 INR.
After the main order is executed, the price of XYZ security rises to 101 INR. Since the Trailing Stop-loss feature is enabled, the Stop-loss Price is adjusted to 91 INR (original Stop-loss Price +Trailing Amount). The price or XYZ security continues to rise and reached 103 INR. Hence, the Stop-loss Price is adjusted again to 93 INR. When the Market Price reaches 110 INR, the trade is closed at a profit. On the other hand, the price of XYZ security had fallen below the latest Stop-loss Price, the trade would have been closed to limit further losses.
"After Market Order" (AMO) are used to place Orders post-market hours, to trade on the next trading day. The order placement time varies segment-wise.
Equity Cash (NSE & BSE)
4:15 pm to 8:45 am
Equity F&O
4:15 pm to 8:45 am
NSE MF
4:15 pm to 8:45 am
Currency (NSE)
5:15 pm to 8:45 am
To place AMO Order, follow these steps:
Open the Order Placement Page for the security you wish to buy or sell.
Choose/enter the "Exchange", "Order Type", "Quantity", "Price", "Product Type", and "Time Condition".
Click the "Review Order" Button to re-check your order details
After confirmation, click the "Place Order" Button. Your order will be sent to the exchange.
Please Note: It is advisable to place AMOs as a limit order closer to the previous day's closing price, instead of as a Market Order.
A "One Cancel Other (OCO) Order" is a combination of two seperate orders: a Limit Order and a Stop-loss Order. It allows you to set both a Target Price and Stop-loss Price for a trade. If either of the two orders is executed, the other order is automatically canceled. OCO Orders are commonly used to manage risk and can be placed against Open Positions and Holdings.
To place an OCO Order, follow these steps:
Go to the "Holdings" or "Positions" section in your Portfolio.
Select the desired security.
Click the "OCO Order" Button.
You will be redirected to the Order Placement Page with details of your "Holdings Quantity", "Average Price", and the "Last Traded Price".
The "Quantity" field is auto-filled based on your Holdings. Orders can be place for Quantities less than or equal to your existing Holdings Quantity.
Select the "Order Type-Market/Limit":
Market - You will have to specify a Trigger Price for both legs of the OCO Order. The order are saved with Geojit and monitored until either of the trigger prices are hit. When the market reaches one of the set trigger prices, the saved order is sent to the exchange as a Market Order and the other leg is canceled.
Limit - You will have to specify a Trigger Price for both legs of the OCO Order. The Trigger Prices will be taken as the Limit Price for each leg. The orders are saved with Geojit and monitored until either of the Trigger Prices are hit. When the Market reaches one of the set trigger prices, the saved order is sent to the exchange as a Limit Order at the specified price, and the other leg is Canceled.
Select the Time Condition as "Day/GTD":
Day - The prices will have to be within the Daily Price Range.
GTD - The prices can be outside the Daily Price Range.
Click the "Review Order" Button to re-check your order details.
After the confirmation, click the"Place Order" Button. Your order will be sent to the exchange.
Please Note: OCO Orders can be viewed in your Open Order Book under the Saved Status. If it is placed as a GTD Order, it can be viewed in both the Open and AMO/GTD Order Book. The Trigger Price set for GTD Orders is valid only once. In the case an OCO GTD Order is triggered and sent to the exchange, but does not get executed, you will have to place the order again.
"OCO Orders" are orders that are saved and monitored at the Geojit server and are only sent to the exchange when the Price Condition is met. These orders will always be in a saved status and can be viewed and canceled from the Open and AMO/GTD Order Book.
To Cancel an OCO Orders, follow these steps:
Go to the "Open Order Book".
Locate the OCO Order that you want to Cancel.
A "Select Box" with multiple options appears.
Confirm that you want to cancel both legs of the OCO Order in the Confirmation pop-up page.
Both legs of the OCO Order will be deleted and you can view the Deleted OCO Order in the Closed & AMO/GTD Order section with a status of "DELETED".
To modify an OCO Order, follow these steps:
Go to the "Open Order Book".
Locate the OCO Order that you want to Cancel.
A "Select Box" with multiple options appears.
Make changes to either one or both legs of the OCO Order.
Click the "Review" Button at the bottom of the page to open a Confirmation Page.
Click the "Place Order" Button to save the changes and modify the Order.
Please Note: The changes made to the OCO Order will be updated in both the Open and AMO/GTD Order Book. It is important to check the Order Book to ensure that the modification has been successful.
Split Order is a tool for traders who deals with large lot sizes. F&O Order has a limit for the number of lots per order. The split order feature helps you enter the lots above this limit wherein the orders are split as per the given limit for the contract concerned and sent to the exchange. This saves time and reduces errors compared to manually entering multiple trades.
For example: The limit for a contract is 220 lots. When a user places an order for 220 lots, the order is split into 4 orders of 72 lots, 72 lots, 72 lots and 4 lots and sent to the exchange as separate four orders.
Please Note: The Split Order is currently available only for Nifty and Banknifty contracts.
"Right Click" on the symbol or click on the "Three Green Dot" Icon that appears when you hover over a symbol.
You can see the option to "Modify", "Cancel Order" and "Order Details".
Click on the "Modify" option.
"Right Click" on the symbol or click on the "Three Green Dot" Icon that appears when you hover over a symbol.
You can see the option to "Modify", "Cancel Order" and "Order Details".
Click on the "Modify" option.
"Right Click" on the symbol or click on the "Three Green Dot" Icon that appears when you hover over a symbol.
Click on the "Square Off"option.
"Right Click" on the symbol or click on the "Three Green Dot" Icon that appears when you hover over a symbol.
You can see the option to "Modify", "Cancel Order" and "Order Details".
Click on the "Cancel Order"option.
"Right Click" on the symbol or click on the "Three Green Dot" Icon that appears when you hover over a symbol.
You can see the option to "Modify", "Cancel Order" and "Order Details".
Click on the "Modify Order"option to open the "Modify OCO Order" page.
