Hello. i have carried forward my CE position in NIFTY for tommorow buy am flying at market open till 1130 am. Can I place AMO order at market price . Will my order execute at market price of tommorow at 0915 or not. Kindly help in this please
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Hi @Kripesh_Jha
You can place the AMO limit order for the same.
Market orders are disallowed to prevent high-impact costs. This precautionary measure ensures that market orders are not executed at prices significantly different from the current market price due to limited liquidity.
But you can use a limit order as a market order by setting the limit price higher than the expected market price for a buy order or lower for a sell order. This allows the limit order to be executed at or near the current market price.