Order types –

 4 types order place for buy and sell

1. Market order (MKT)
2. Limit order (LM)
3. Stop order (SL)
4. Stoploss with market order (SL-M)

1. Market order (MKT)-

 The investors can sell or buy the shares/equity at the immediate current market price or
market rate is known as market order
 Buy or sell the equity asap at current market price
 Buy or Sell for market order field  Quantity
 Ex. Market price of TCS = 1@100rs
 Buy TCS throw Market order (MKT)  Quantity = 10 (Market Price=100rs) If
seller is available  Order status = Executed
 Buy TCS throw Market order (MKT)  Quantity = 10 (Market Price=100rs) If
seller is not available and market is open (9.15am to 3.30pm)  Order status = Open
 Buy TCS throw Market order (MKT)  Quantity = 10 (Market Price=100rs) If
seller is not available and market is closed after 3.30pm  Order status = Closed/
cancelled
2. Limit order (LM)-
 Limit Order: It means the investor can set the limit at which prize he/she wants to
buy/sell the share, it is designed to buy below current market prize and sell above
current market prize.
 Buy or Sell for limit order field  Quantity, Limit price / decided price
 Ex. Market price of TCS = 1@100rs
 Buy TCS throw Limit order (LM)  Quantity = 10, Limit Price = 95rs If seller is
available  Order status = Executed
 Buy TCS throw Limit order (LM)  Quantity = 10, Limit Price = 95rs If seller is
not available and market is open (9.15am to 3.30pm)  Order status = Open
 Buy TCS throw Limit order (LM)  Quantity = 10, Limit Price = 95rs If seller is
available but seller prices is not matching (110rs) and market is open (9.15 to 3.30pm) 
Order status = Open
 Buy TCS throw Limit order (LM)  Quantity = 10, Limit Price = 95rs If seller is
not available and market is closed after 3.30pm  Order status = Closed/ cancelled
3. Stop loss order (SL)-
 Stop Loss Order: It minimizes the risk of money. It is designed if the trader have
captured equity/shares but due to some reasons like vacation , busy schedule he is not
able to watch current market position so he triggered stop loss value when the stock value
reaches below the certain prize against we buy to avoid the loss of the money the Stop
Loss is triggered.
 Buy or Sell for stop loss order field  Quantity, Limit price / decided price, Trigger
price
 Ex. Market price of TCS = 1@100rs (End user Account hold TCS 10 share)
 Condition for stop loss order, Buy  Limit Price > Trigger price
 Condition for stop loss order, Sell  Limit Price < Trigger price
 Sell TCS throw Stop loss order (SL)  Quantity = 10, Limit Price = 90rs, Trigger
price= 91rs If buyer is available  Order status = Executed
 Sell TCS throw Stop loss order (SL)  Quantity = 10, Limit Price = 90rs, Trigger
price= 91rs If buyer is not available and market is open (9.15 to 3.30pm)  Order
status = Open
 Sell TCS throw Stop loss order (SL)  Quantity = 10, Limit Price = 90rs, Trigger
price= 91rs If buyer is available but buyer limit prices is not matching (85rs) and
market is open (9.15 to 3.30pm)  Order status = Open
 Sell TCS throw Stop loss order (SL)  Quantity = 10, Limit Price = 90rs, Trigger
price= 91rs If buyer is not available and market is closed after 3.30pm  Order
status = Closed/ cancelled

4. Stoploss with market order (SL-M)

 Buy or Sell for stop loss with market order field  Quantity, Trigger price
 Ex. Market price of TCS = 1@100rs (End user Account hold TCS 10 share)
 Sell TCS throw Stoploss with market order (SL-M)  Quantity = 10, Trigger price=
91rs (Market price) If buyer is available  Order status = Executed
 Sell TCS throw Stoploss with market order (SL-M)  Quantity = 10, Trigger price=
91rs (Market price) If buyer is not available and market is open (9.15 to 3.30pm) 
Order status = Open
 Sell TCS throw Stoploss with market order (SL-M)  Quantity = 10, Trigger price=
91rs (Market price) If buyer is available but buyer prices is not matching (85rs) and
market is open (9.15 to 3.30pm)  Order status = Open
 Sell TCS throw Stoploss with market order (SL-M)  Quantity = 10, Trigger price=
91rs (Market price) If buyer is not available and market is closed after 3.30pm 
Order status = Closed/ cancelled