How to place an NRML sell order? (2024)

To place an NRML sell order,


1. On home screen, search the stock you wish to sell


2. Once you have clicked on the stock you want to sell, it will take you to the page with the details of the stock like charts, news, etc. On the top right corner select the exchange (NSE/BSE)


3. At the bottom of the screen you will see an invest-trade switcher. Select
Trade Intradayand click on sell button. You may be prompted to enter your password in case you are placing the first trade of the day / making first fund transfer of the day


4. Enter the number of shares you wish to sell


5. Under
Selling Pricechoose the order type as limit order by clicking on 'Set Price Limit' or market order by clicking on 'Market price'


6. Ignore the toggle that reads MIS and Cover order


7. You can see the margin required and available margin on the bottom left of the screen. You can also check the order summary by clicking on view details on the bottom left


8. Swipe right to place the order. On the order confirmation screen, click on view orders button to view your order in the order book

How to place an NRML sell order? (2024)

FAQs

How to place an NRML sell order? ›

Limited to the same trading day (Intraday only). It can be held for an extended period, including overnight or even longer.

How long can we hold NRML? ›

Limited to the same trading day (Intraday only). It can be held for an extended period, including overnight or even longer.

What is NRML position? ›

NRML, or 'Normal', is an order type that is like CNC but is typically used for derivative trading, including futures and options. When placing an NRML order, traders aim to carry forward their positions to the next trading session.

Can I have a buy order and a sell order at the same time? ›

Yes, if by that you mean opposite orders with an OCO conditional. A buy order above current price and a sell order below current price, on the same pair, with the triggered order automatically cancelling the other one. The only caveat is, DO NOT do this in a sideways market.

What is NRML order type? ›

Normal (NRML) is used for overnight trading of futures and options. You can use the NRML product type in derivatives to carry your position till expiry. Intraday leverages won't be provided using this product type. NRML product type is also used for Delivery based trading of Currency.

What happens if I hold stock for 20 years? ›

Key Takeaways. Long-term stock investments tend to outperform shorter-term trades by investors attempting to time the market. Emotional trading tends to hamper investor returns. The S&P 500 posted positive returns for investors over most 20-year time periods.

What happens if I buy CNC and sell same day? ›

When using CNC to buy and sell a share within the same day, it will still be regarded as an intraday trade, and the brokerage charges will be applied accordingly.

What is the NRML margin rate? ›

The amount of money that must be deposited into your trading account before you begin a position in an NRML derivative contract is called the NRML margin rate.

Which is better MIS or NRML? ›

NRML Vs MIS Order Type

NRML positions can be held till expiry. MIS positions need to be closed the same day. NRML orders do not get auto squared off. MIS orders carry the risk of auto square off with charges if not squared off within specified time.

Can I use NRML for intraday? ›

It allows you to take a position in the market with the intention of holding it for multiple days or even weeks, months or years. NRML orders don't come with intraday leverage, though you could still use them for intra-day trading.

What is the 10 am rule in stock trading? ›

Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and the time between 9:30 a.m. and 10 a.m. often has significant trading volume. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.

What happens after you place a sell order? ›

When you submit an order to your broker, they either fill it from their company's own inventory or route the order through a computer trading network. A seller is matched with your order, and the trade is executed. You sell stock in much the same way that you buy stock.

Can I place sell order before market opens? ›

Investors can place pre market orders to buy or sell stocks during trading pre market, which typically occurs in the early morning. However, it's important to note that not all stocks are available for trading premarket during this NSE pre open market time.

Can I sell NRML on same day? ›

Yes, you can. NRML/MIS are product types offered by brokers that decide how much leverage you get. To the Exchange they mean nothing. You can buy and sell the position in NRML on the same day.

Which are the 3 types of ordering? ›

Here we focus on three main order types: market orders, limit orders, and stop orders—how they differ and when to consider each. It helps to think of each order type as a distinct tool, suited to its own purpose.

What are the 4 main types of orders? ›

When placing a trade order, there are five common types of orders that can be placed with a specialist or market maker:
  • Market Order. A market order is a trade order to purchase or sell a stock at the current market price. ...
  • Limit Order. ...
  • Stop Order. ...
  • Stop-Limit Order. ...
  • Trailing Stop Order.

Can you hold a stock for 10 years? ›

It would be good if you had confidence in the company you are investing in. It would help if you adequately studied the company's line of business and saw its past performance. If you see any giant stock of any good company in a 10 years frame, you will see it has generated good returns in the long term.

How much time we can hold option trading? ›

So, how long should you hold an option trade? Well, it depends on your strategy and your risk tolerance. But if you're looking for a more conservative approach, you might want to consider holding your options for at least 100 days for long positions and 50 days for short positions.

How much time I can hold delivery stock? ›

Delivery transactions do not allow an investor to buy and sell shares within the same day. The person can keep the shares in these transactions for a longer duration, depending on his/her willingness. The length will range from two days to even two or more decades. This process is called delivery trading.

How many days we can hold futures? ›

It could be 1 month, 2 months and 3 months. All F&O contracts expire on the last Thursday of the month. Futures trade at a Futures price which is normally at a premium to the spot price owing to the time value and there is only one futures price for a stock for one contract.

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