This article explains, order placing process for '2 Way Quote instruments' only. If you do not know what a 2 Way Quote instrument means please refer to this article to understand instrument types.
Step 1: Navigate to order entry page
- On the dashboard, click on any company with a "2 Way Quote" tag.
- Click on the invest / divest button on the bottom of the page.
Step 2: Order entry page
Once you're on order entry page, you shall see two tabs
1) Quotes (Refer this article for understanding how to interpret quotes)
2) Order Entry
Entering an order in the order entry tab:
You'll see 5 key components in the order entry tab, all of which are explained belwo:
1) No. of Shares: Enter the number of shares that you wish to buy / sell
2) Limit Price / Share (Rs.) :
a) Enter the maximum price upto which you wish to buy the shares(incase you wish to invest). The higher the limit price you set better are the chances for a successful buy trade.
b) Enter the minimum price upto which you wish to sell the shares (incase you wish to divest). The lower the limit price you set better are the chances for a successful sell trade.
3 & 4) Order Validity: Select the time period until which your order shall be valid. After this time the order shall be cancelled from our system. Set the maximum possible validity for higher chances of a successful trade.
5) Invest / Divest: Click on invest to place an order to buy these shares and divest to sell these shares.
Step 3: Order Confirmation
At this step you'll be shown the margin required to place your order, as per the below image.
At this step, if you do not have enough margins available in your account, you shall be prompted to add funds. Also, if your profile is not complete you may be prompted to first complete your profile and then return to this order window.
Step 4: Deal details page
This is an optional step, it may be only shown to you when there is some specific information required for that particular transaction most likely for regulatory reasons.
Step 5: Signing of deal document
After step 4, you may be shown a button with the text "Provide Signature". When you click on it, you will be redirected to a pre-drafted deal document which will enlist all the details of the transaction. This document acts as a legal proof of your transaction and makes your transaction safe and legally binding. You'll be shown the document and a "Sign now" button. Please click on the sign now button to proceed.
Once you click sign now you'll be redirected to NSDL E-signature portal. Where you'd need to check the t&c box, enter your Aadhar number and click on send OTP as shown below:
Once you authenticate by entering your OTP, the document will be e-signed and your order is successfully placed. You can then track the status of your order in the "Orders Tab