Do we have a system whereby we can buy a derivative once the underlying crosses the desired price?

General
1

I would like to buy Nifty Future or Option at Mkt Price once Nifty crosses 7500. How do I place such an order?

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2

I guess you should try algorithmic trading.

3

Try reading through this…

http://zerodha.com/z-connect/charting-coding-and-backtesting/automation/automating-trades-getting-started

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4

Simplest way would be setting up a price alert on underlying instrument(Nifty in this case) in trading terminal and submitting at market order on the required derivative as soon as alert is triggered. Having market watch and place order screen ready and using key board shortcuts can make execution really fast.

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