Time Conditions
The following are the Time Conditions available in the Flip Web
Last updated
The following are the Time Conditions available in the Flip Web
Last updated
A "Day Order" is an Order Time Condition based on which a buy/sell remain valid. These orders remain valid until execution, till the end of the trading day.
To place a Day 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", and "Product Type".
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: If the Day Order is not executed by the end of the day, it will be automatically canceled.
An "Immediate or Cancel Order (IOC) Order" is an Order Time Condition that allows you to buy/sell a security as soon as the order is sent to the Market. IOC Order are executed (partial/full) immediately if counter-orders are available. Any part that is not immediately executed is canceled by the exchange. They are usually used while placing orders of large quantities and the client doesn't want it to be executed at different prices.
To place an IOC 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", and "Product Type".
Select the Time Condition as "IOC".
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.
A "Good Till Date (GTD) Order" is an Order Time Condition wherein an order remains active till a pre-defined date. These :ders can be kept active for a maximum of 365 calendar days until it is executed, expires, or is cancelled. The GTD order facility is only available for the equity/cash segment.
GTD Orders can be useful for traders who have a specific Target Price or Market event in mind, but don't want to have to constantly monitor their trade. the order will remain open until it is either executed or the specified expiry date arrives, at which point it will be automatically cancelled.
To place a GTD 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" and "Product Type".
Select the Time Condition as "GTD".
Select the desired "Validity Date".
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: There is no guarantee that a GTD order will be executed , as market conditions can change and prevent the trade from occurring (Read GTD T&C)
An "End of the Day (EOD) Order" is an Order Time Condition available on BSE. EOD Orders are valid until the end of the trading day on which it is placed. In other words, it is valid for both the normal trading session from 9:15 a.m. to 3:30 p.m., and the post-closing session from 3:40 p.m. to 4:00 p.m.
NSE
Day
9:15 a.m. - 4:00 p.m.
NSE
EOD
NA
BSE
Day
9:15 a.m. - 3:30 p.m.
BSE
EOD
9:15 a.m. - 4:00 p.m.
To place an EOD 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" and "Product Type".
Select the Time Condition as "EOD".
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.
A "Conditional Order" is an Order Time Condition for the F&O segment wherein an Order is sent to the exchange when the Trigger Price set for the underlying is hit. This Time Condition is only valid for NIFTY and BANKNIFTY Options Contract.
To place a Conditional Order, follow these steps:
Open the Order Placement Page for a NIFTY or BANKNIFTY Options Contract you wish to buy or sell.
Choose/enter the "Exchange", "Order Type", "Quantity","Price" and "Product Type".
Select the Time Condition as "Conditional".
Select the desired "Condition Type" and enter the required details.
Select the desired "Validity Date".
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.
