Sell (Currency)


Sell feature lets you sell a Currency Futures or Options (F&O) contract. Alternatively, you can also access this feature by right-clicking on the particular contract in Market Watch and selecting 'Buy Now' option. Note! You can also press 'Ctrl +F12' key on your keyboard to place a sell order in the Currency F&O market.

place orders inn Future and Options segments

How to Sell a Contract ?
To sell a Currency Futures /Options contract, follow the steps given below:

  1. Exchange – To begin with, choose the Exchange in which you wish to place the order.

  2. Instrument Type – To begin with, choose the instrument type. Here, you are provided with two major instrument types – FUTCUR (buy currency futures), OPTCUR (buy currency options).

  3. Symbol - Next, select the currency pair symbol.

  4. Expiry Date– Next, choose the expiry date of the selected contract from the drop-down box.

  5. Strike Price – This field is only applicable with Options Contract. Here, you can enter the strike price of Options Contract.

  6. Option Type – This field is only applicable with Options Contract. Here, you can choose whether you wish to sell Call Options Contract or Put Options Contract. Below table will help you in this perspective:

  7. Lot – Next, enter the number of Lots that you would like to sell. To sell '1' lot of the selected contract, you can press key on your keyboard.

  8. Price – Next, enter the price at which you wish to place the SELL ORDER. To place order at the prevailing market price, do not change the value in this field i.e., keep the value 'MARKET' in this field.

  9. Product Type - Select the product in which you wish to place order. Two product types available are - Intraday annd Carry Forward. Intraday position will get squared off on same trading day whereas Carry Forward position can be taken forward to next trading day until expiry.

  10. Disc Lot - In this field you will enter disclosed lot for currency sell order.

  11. Trigger Price - Trigger Price is the price at which you order is triggered or placed in the market. In this field, you can enter the trigger price.

  12. Order Term – In this field, you choose the time duration for which you want to place the order in the market. You are provided with two major options – Day (to place the order till the End of Day) and IOC (Immediately confirmed or cancelled).

  13. Place Order - To place the order, press ‘Enter’ key on your keyboard.

  14. Confirm Order - Once you press the 'Enter' key, PIB asks you to confirm the order (screenshot given below).
Confirm Buy Order screen

Click on “Ok” button to successfully place the order.

Note! If you are transacting for the first time after logging into PIB, you will be asked to enter Transaction Password first. Enter Transaction Password in the displayed text box and click on “Submit” button. The system will verify your transaction password and if finds it to be correct, will display you the Confirmation screen.

Also Read: