What is Trigger price & Limit price in GTT request?| ICICI Direct (2024)

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What is Trigger price & Limit price in GTT request?| ICICI Direct (2024)

FAQs

What is Trigger price & Limit price in GTT request?| ICICI Direct? ›

Trigger price is the price at which your request will get triggered for sending order to exchange& limit price is the price at which your order will get placed at exchange.

What is limit price and trigger price in GTT? ›

A Trigger Price (defined as per Clause 1.4) A Limit Price: the price selected by you, which places a limit order at the price selected by you after the Trigger Price is met or breached. Type of order: You will be able to select only limit order as a type of order for your using the GTT Feature.

What is limit price and trigger price? ›

Key Terms: Trigger Price: The price at which the stop loss order is activated. Limit Price: The price at which the order will be executed once the stop loss is triggered.

What is limit price in Icicidirect? ›

E.g., a stock is trading at ₹100, placing a SELL Limit order at ₹110 would ensure that trade is executed at a price greater than or equal to the limit price of ₹110. Note: Limit order may not be executed if the market price doesn't reach or cross the limit price.

What is trigger price in Axis Direct? ›

A trigger price is the threshold price that needs to be defined with a stop loss order. Once the market price reaches or crosses the trigger price, the order will be released to the exchange for execution. It should be higher than the Last Traded Price (LTP) for a buy order and lower than the LTP for a sell order.

What happens if GTT is triggered but not executed? ›

If a GTT (Good Till Triggered) order is triggered but not executed, it indicates that the specified trigger conditions were met, but the order couldn't be fulfilled due to market conditions or liquidity issues.

What is the difference between limit and GTT? ›

The Good Till Triggered (GTT) feature is an order that stays active until the trigger condition is met. The validity of the trigger is one year. A limit order is placed and executed if there are sufficient funds in the Zerodha account.

How to set stop loss trigger price in ICICIDIRECT? ›

Via ICICI Direct app
  1. Go to stocks.
  2. Select the stock you want to place bracket order.
  3. Select the action (Buy/Sell)
  4. Click on stop loss tab.
  5. Enter price --> Enter SL Trigger price.
  6. Execute the order.
Sep 3, 2024

How to calculate trigger price? ›

Trigger Price for Sell Put position = (Strike Price - Margin Amount) - (1 - Minimum Margin %) For Example: You have a sell position in OPT-ACC-30-May-2002-150-PE Current Market price of ACC is 160.

What is the purpose of a limit price? ›

If your priority is to buy or sell at an exact price or better, you may want to use a limit order instead. With a limit order, you specify a price, and the order won't be filled until the stock can be bought or sold at that price or better.

What is GTT in ICICI Direct? ›

GTT is a 'Good till Triggered' feature where GTT request is placed by customer and is held with I-Sec in GTT book until it is trigger or cancelled or expired, whichever is earlier.

Which is better market price or limit price? ›

Market orders are best used for buying or selling large-cap stocks, futures, or ETFs. A limit order is preferable if buying or selling a thinly traded or highly volatile asset. The market order is the most common transaction type made in the stock markets.

How does limit price affect options? ›

A limit order will only be executed if options contracts are available at your specific limit price or better. With a buy limit order, you can set a limit price, which should be the maximum price you want to pay for a contract. The contract will only be purchased at your limit price or lower.

Is trigger price same as limit price? ›

Trigger price is the price at which your request will get triggered for sending order to exchange& limit price is the price at which your order will get placed at exchange.

What is trigger price and target price in GTT? ›

A GTT order is an order, which allows the investor to set a trigger price and a target price. The order is only placed with the exchange when the stock reaches the specified trigger price. Thereafter, when the stock reaches the target price, the order is executed.

What is triggering price? ›

The trigger price is the point at which your buy or sell order is made available to the exchange servers for processing. In other words, the order is submitted to the exchange computers as soon as the stock price reaches the trigger price that you have chosen.

What is trigger price and limit price angel? ›

Stop-loss limit order: Trigger price and limit price involved. In this case, when the security price reaches the trigger price, the stop-loss order gets converted into a limit order and gets executed at the limit price itself or a better price than the limit price.

What does gtt triggered mean? ›

The Good Till Triggered (GTT) feature is an order that stays active until the trigger condition is met. The validity of the trigger is one year. A limit order is placed and executed if there are sufficient funds in the Zerodha account.

What does limit price warning triggered check price? ›

TRIGGER PRICE is the price at which the exchange servers will make your BUY/SELL order active for execution. After the stop-loss order has been triggered, LIMIT PRICE is the price at which your shares will be sold or bought.

How does limit price work? ›

A limit order is an order to buy or sell a security at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.

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