Sell (F&O)

How to Sell a Contract in BSE F&O


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

place sell orders for Futures and Options contracts

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

  1. Exchange - To begin with, choose the Exchange type from the drop-down box. You can choose 'NSE' option or 'BSE' option from the drop down list. By default 'NSE' is selected.


  2. Instrument Type – Next, choose the Instrument type. Here, you are provided with four major instrument types – OPTIDX (buy index options), FUTIDX (buy index futures), OPTSTK (buy stock options) and FUTSTK (buy stock futures).

  3. Symbol - Next, enter the symbol name like 'NIFTY' or 'ABB' etc.

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

  5. Strike Price – This field is only applicable in case of Options contracts. Here, you can enter the strike price of the Options contract.

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

    Position
    Anticipation
    Profit
    Loss
    Sell - Call
    Underlying stock / nifty price will fall in future
    Options Premium
    Unlimited
    Sell - Put
    Underlying stock / nifty will rise in future
    Options Premium
    Unlimited

  7. Quantity – Next, enter the contract quantity that you would like to sell. Note! You can only enter the quantity in multiples of Lot Size. To buy '1' lot size 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. Trigger Price – Trigger Price is the price at which your order gets triggered in the market. In this field, you can enter the trigger price.

  10. Product Type -The “Product Type” is a dropdown field that have “Carry Forward” and “Intraday” as a product.Intraday trading refers to the trading system where you have to square-off your trade on the same day.

  11. 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).

  12. Place Order - To place the order, press ‘Enter’ key on your keyboard. Press ESC to close the Buy window.

  13. Confirm Order- On pressing the 'Enter' key, PIB asks you to confirm the order (screenshot given below).

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.

Sell Spread (F&O)


Sell Spread lets you Sell a Spread contract in Futures segment in NSE exchange. Alternatively, you can also access this feature by right-clicking on the selected spread contract in Market Watch and selecting 'Sell Now' option or You can also press 'Shift+F6' key on your keyboard to place a buy order in the F&O market. If contract is selected in Market Watch, press F2 key to place Sell order.

place sell orders for Futures and Options contracts

How to Sell a Contract in NSE?
The user will be able to place orders (buy/sell) in Spread Contracts in F&O segment through order entry window. The window provides the following options to the user:

  1. Client ID - This field displays the client ID through which the user has logged in the account.


  2. Exchange – To begin with, choose the Exchange type from the drop-down box. Since currently Spread is allowed for NSE only By default 'NSE' is selected.

  3. Buy Spread/Sell Spread - A Order Type is being provided indicating whether the Spread is a buy spread or a sell order Spread window. Placing buy spread indicates that system will send first leg order as a Sell Order and second leg orders as a Buy Order in F&O Market and vice versa.

    Order Type
    Contract
    Transaction Type
    Leg 1 Transaction
    Leg 2 Transaction
    SPREAD
    NIFTY-OCT15NOV15
    BUY
    SELL
    BUY
    SPREAD
    ACC-OCT15NOV15
    SELL
    BUY
    SELL

  4. Instrument type – Next, choose the Instrument type. Here, you are provided with three major instrument types – FUTIDX ( to buy index futures), FUTSTK ( to buy stock futures and FUTIVX (to buy INDIAVIX Contract).

  5. Symbol – Enter the Symbol name you want to Buy/Sell.

  6. Expiry date– he expiry date field would be a dropdown field displaying expiry dates for the selected contract for both the legs

  7. Strike price – Not Applicable .

  8. Option type – Not Applicable .

  9. Quantity – The user can enter the no. of Quantity in this field that is to be bought/sold. The quantity must be in multiple of regular lot size.

  10. Price Difference (INR) – The user can enter the price difference as limit price in this field.

  11. Validity – The user would be given an option to choose the order term, from the dropdown i.e. Day order or IOC order. Since, IOC orders are not allowed for spread contracts. The dropdown having Day only as Validity.

  12. ENTER - Press ENTER to Submit the Order to Exchange. On pressing ENTER you will be asked to confirm the order with “Yes” or “No” option as shown below. Click on “OK” button to place an order.

  13. ESC- To Close the Order Form window.

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.


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