How to place Basket Orders on FYERS Web?

How to place Basket Orders on FYERS Web?

Basket order is a feature with which you can place multiple orders at one go. This feature helps in making use of various opportunities in the market efficiently and also helps in avoiding slippages.

Now, let’s go through the step-by-step procedure of how to place basket orders in FYERS Web:

  1. Select ‘Basket Order’ available on the header menu of the FYERS Web platform as shown in the image below:

  1. On clicking the ‘Basket order’ option, you’ll receive a pop-up. Click on ‘Create New Basket’.

  1. Let’s say you want to create an Bull Call Spread options strategy (Nifty), Enter a name for the Basket.

  1. Add the required scrips (With appropriate quantities and price) of the Strategy.

  1. Click on ‘Place’, the basket order will be placed successfully.

Note: To understand how to check margins in the Basket order, refer to this article.

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