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.
How to Sell a Contract in NSE?
To sell a Futures /Options Contract in NSE, follow the steps given below:
- 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.
- 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).
- Symbol - Next, enter the symbol name like 'NIFTY' or 'ABB' etc.
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Expiry Date – Next, choose the expiry date of the contract from the drop-down box.
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Strike Price – This field is only
applicable in case of Options contracts. Here, you can enter the strike
price of the Options contract.
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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 |
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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.
- 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.
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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.
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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.
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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).
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Place Order - To place the order, press
‘Enter’ key on your keyboard. Press ESC to close the Buy window.
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Confirm Order- On pressing the 'Enter' key, PIB asks you to confirm the order (screenshot given below).
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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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