Sell (Capital Market)

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Sell Feature lets you sell scrips in the Capital Market segment. You can also access this feature by right-clicking on the scrip in Market Watch and selecting 'Sell Now' option. Note! You can also press 'F12' key on your keyboard to place a sell order in the capital market. On selecting this option, PIB displays you the following window:

How

To sell the desired scrip, follow the steps given below: 1. 2.

to

place

sell

order?

Exchange - To begin with, choose the exchange on which you wish to place the order. Scrip - Next, choose the scrip that you wish to sell. You can also right click on the scrip in Market Watch and click on Sell Now option. Qty - Next, enter the quantity that you intend to sell in this field. Market - Next, enter the price at which you want 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. Product Type - Next, you need to choose the product type. To sell shares available in your Indiabulls DP account, choose Cash option from the drop down box. Or, to sell shares available in your Margin Trading (MT) account, choose 'Margin' option. Else, to sell the given scrip during intraday, choose 'Intraday' option. Sell shares in DP/not in DP - Choose 'Sell shares in DP' option if you wish to sell shares that are available in your portfolio. Alternatively, choose 'Sell shares not in DP' option if you want to sell the scrip which is not in your portfolio. Note! In case of 'Sell shares not in DP', you must provide scrips in your account before the settlement date. Order Duration - Choose whether you would like to place the order as Good Till Day or as Immediate or Cancel. Good Till Day means the order will either turn to trade successfully or expire at End-of-Day (EOD).Immediate or Cancel means the order will either immediately turn into a trade or else will be cancelled. Disclosed Quantity - Disclosed Quantity field is particularly useful, in case, you want to trade this scrip in big volumes and do not want any panic reaction from the counterparties. In this field, you enter the quantity that you want to disclose to the counterparties and the same will be visible in the order book. For example, if you place an order to sell 1000 shares and put the disclosed quantity as 100, then the order book will show 10 sell orders of 100 each. Note! The disclosed quantity has to be a minimum 10% of the order size. Trigger Price / Stop Loss - Trigger Price can be used to maximize your order profitability and to save yourself from Market fluctuation. It is a conditional order which gets activated only if a certain price level is breached. This price level is known as the Trigger Price. A client can also use this field to place a Stop Loss Order. Stop Loss Order is an order that the user places to safeguard itself against potentially heavy losses in the given order. Stop Loss can

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be of two types - Stop Loss Buy Order and Stop Loss Sell Order. Below are the examples of each type for your better understanding: a) Stop Loss Sell Order - Mr. X has purchased NTPC @ Rs.145 in expectation that the price will rise. However, in case of price fall, 'Mr. X' would like to limit his losses by selling the scrip. Thus, he may place a Limit Sell Order specifying a trigger price of Rs.135 and a limit price of Rs.130. Do remember that the Stop Loss Trigger Price has to be between the Limit Price and the Last Traded Price at the time of placing the Stop Loss Order. As soon as NTPCs Last Traded Price falls below 135, a limit order for NTPC @ Rs.130 will get activated. b) Stop Loss Buy order - Mr. X has short sold NTPC @ Rs.145 in expectation that the price will fall. However, in case of price increase, 'Mr. X' would like to limit his losses by buying the scrip. Thus, he may place a Limit Sell Order specifying a trigger price of Rs.150 and a limit price of Rs.155. Do remember that the trigger price has to be between the last Traded Price and Buy Limit Price at the time of placing Stop Loss Buy Order. As soon as NTPCs last traded price rises above Rs.150, a limit order for NTPC @ Rs.155 will get activated. 10. Protection Percentage - Note! This option is only available for BSE traded scrips. While placing a market order in BSE, the user can specify the protection %. Protection % indicates that the actual traded price of the order should not vary more than X % of the Last Traded Price at the time order hits the market i.e. If Mr. X has place a market order to sell 100 shares of NTPC specifying a protection % of 2%. The Last traded price at the time order hits the market is Rs.120, then the order will be placed as a limit order of Rs.117.6 (120 - 2.4) and will get executed at the limit price or better. 11. Place Order - Once you enter details in the above explained fields, press 'Enter' key on your keyboard to place the order. 12. 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!

System will ask for Transaction Password, if you haven't entered it yet after login.

Also Read:

How to Buy Scrips in Capital Market? How to sell Derivatives Contract? CM Trading Menu