09:49 Sep 23, 2014  

How to place a Derivative order

Note: Derivative contract orders are of 4 types:
Stock Futures (FUTSTK)
Index Futures (FUTIDX)
Stock Options (OPTSTK)
Index Options (OPTIDX)

  • Select Margin as the product type.
  • Choose whether you want to place a Buy or Sell order.
  • Select NSE as the exchange on which you would like to place your order.
  • Select the book type: RL or SL (Regular Lot or Stop Loss)
  • Choose a derivative type (FUTSTK, FUTIDX, OPTSTK, or OPTIDX) as the Instrument.
  • Enter the symbol and contract details of the derivative contract you want to trade.
    Note: If you don't know the symbol, enter the first 3 characters of the stock or index's name and double-click within the Symbol field. A new window opens displaying a list of the contracts that contain the characters you typed in and are searching for. Select the appropriate symbol from the list you see. The remaining contract details automatically get populated.
    For futures contracts, only the symbol and expiry date are required.
    For option contracts, the symbol, expiry date, strike price, and option type are required.
  • Select the type of order you want to place (Market or Limit)
  • Enter the quantity of the derivative contract you would like to trade.
    Note:
    The minimum lot size for the selected derivative is automatically populated in the Quantity field once the contract's symbol is selected from the lookup window.
    This quantity can be increased only in multiples of the lot size displayed.
  • In the Disclosed Quantity field, enter the quantity of shares you would like to disclose when placing your order. Note: This step is optional. If SL (Stop Loss) is selected for the Book Type, the Disclosed Quantity field cannot be used.
  • If you entered Limit as the Order Type, enter the price you would like your trade executed at in the Price field.
  • If you selected Stop Loss as the Book Type, enter the Trigger Price.
  • Choose a Valid Till option (DAY and IOC (Immediate-Or-Cancel)).
  • Click Place Order. An order preview screen appears showing the information you just entered.
  • If the order preview details are acceptable and as per the order you just entered, click Confirm Order.

Note: If you do not have sufficient limits to cover your Margin order (plus the brokerage charged), an error message is displayed. You need to either add the necessary margin limits from the Funds Hold & Release screen or transfer the necessary funds from your CnC limits to your Margin limits from the Limits screen. Once your order has been successfully placed, a confirmation screen displaying a Broker Reference Number is displayed.

Get Quotes
You can lookup the latest quotes for your scrip and contracts from here and retrieve trading information such as the last traded price, average trade price, low and high price, total buy and total sell quantity, total traded quantity, as well as the prices and quantities traded for each of the best 5 buy and sell orders.
There are 2 ways to lookup a quote.

  1. Directly from the Quotes screen, accessible through the navigation menu.
  2. From the Buy , Sell screen while placing an order

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From the Quotes screen, accessible through the navigation menu

  • Select an exchange (NSE or BSE) on which you would like to view the quote
  • Select an instrument.
    Note: If you selected NSE as the exchange, your instrument choices would include Equity, Stock Futures (FUTSTK), Index Futures (FUTIDX), Stock Options (OPTSTK) and Index Options (OPTIDX).
    If you selected BSE as the exchange, your instrument choice would only be Equities.
  • Enter the symbol of the scrip you want to lookup.

Note:
If you are looking up an equity scrip and don't know the company's symbol, enter the first 3 characters of the company's name and click on the magnifying glass icon. For only a symbol lookup, enter the first 3 characters of the symbol and double-click within the Symbol field. A new window opens displaying a list of the stocks that contain the characters you typed in and are searching for. Select the appropriate symbol from the list you see.
If you are looking up a derivative contract, enter the symbol and contract details of the derivative contract you want to lookup. If you don't know the symbol, enter the first 3 characters of the stock or index's name and double-click within the Symbol field. A new window opens displaying a list of the contracts that contain the characters you typed in and are searching for. Select the appropriate symbol from the list you see. The remaining contract details automatically get populated.

Know Your Margin

The Know Your Margin screen allows you to check the margin amount required to place a margin order.
The margin requirement for the following orders can be checked from here:
Margin equity
Stock futures
Index futures
Stock options
Index options

There are two ways to check the margin requirement for an order:

  • From the Know Your Margin link
  • From the Buy , Sell screen

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