How to place a limit order in Fyers Web?
A limit order is an order placed at a particular price. Buy Limit orders are to be placed below the current market price & Sell Limit orders are to be placed above the current market price.
Go to the scrip you wish to place an order in and click on the Blue (Buy) or Red (Sell) button as highlighted below for the order panel to pop up:
Enter the desired quantity, untick the box ‘Buy/Sell at market price’, enter your limit price and click on ‘Buy/Sell’ as displayed in the image below:
For Instance, Mr. X, a client of Fyers, wants to Buy GAIL stocks (LTP ₹150) at say ₹145, i.e., below the current market price, he is required to place a limit order at ₹145. On the contrary, If Mr. X wants to place a Sell order at say ₹155, i.e., above the current market price, he must place a limit order at ₹155.
Note:
If the buy limit price is more than the current market price or the sell limit price is less than the current market price, the order will be executed at the current market price.
If you want to Buy stocks above the current market price or Sell stocks below the current market price, you need to place a Trigger order or Stop-loss Market order (refer to this article).
Related Articles
What is Trigger-Limit/Stop-Limit Order and how to place it on Fyers Web?
Trigger-Limit/Stop-Limit Order (previously known as Stop-limit order) is placed at a particular price with a range. Buy trigger-limit orders are to be placed above the current market price, and Sell orders are to be placed below the current market ...How to place a market order on FYERS Web?
A market order is placed to buy or sell stocks and investments at the best available price in the market at a particular time. You can place a market order in Fyers, effortlessly: 1. Go to the scrip you wish to place an order in and click on the Blue ...How to place a limit order in the FYERS 2.0 App?
A limit order is an order placed at a particular price. Buy Limit orders are to be placed below the current market price & Sell Limit orders are to be placed above the current market price. Go to the scrip you wish to place an order in and click on ...How to place trigger order/stop-loss market order in Fyers Web?
Trigger order (previously known as Stop order or Stop-loss market order) is placed at a particular price. The Buy trigger orders are to be placed above the current market price, and Sell orders are to be placed below the current market price. In ...How to place a market order in FYERS 2.0 App?
Placing a market order in the 2.0 is simple and effortless, as explained below: 1. Go to the scrip you wish to place an order in and click on the Buy or Sell button as highlighted below for the order panel to pop up: 2. Enter the desired quantity, ...