What does Day Validity Type mean?
A Day validity, as the name suggests, is an order which is valid for the day on which it is entered.
If the order is not matched during the day, the order gets cancelled automatically at the end of the trading day.
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What does Immediate or Cancel (IOC) Validity Type mean ?
IOC order allows you to buy or sell a security as soon as the order is released into the market, failing which the order will be removed from the market. Partial match is possible for the order, and the unmatched portion of the order is cancelled ...
What is meant by Order Validity date?
Order Validity Date means the date chosen by you while placing Cash orders with VTD order validity. This date has to be equal to or less than the maximum validity date defined by IIFL.
How can I specify the validity date?
You can specify the order validity date by selecting from the calendar available placed on the order placement page near the VTD order validity field.
What does 'Unsettled Credits' mean?
This is the amount in your 'Previous Day Balance' against which shares are not yet settled. This could be due to multiple reasons, for example: 1. Booked intraday profit from the previous day. 2. Shares sold but not delivered. If you sell a stock ...
What does Market Order mean?
Consequently, a ‘MARKET’ is an order to buy or sell a security instantly. This type of order guarantees that the order will be executed but does not guarantee the price it will get executed at. Usually, a market order will get executed near the ...