I would like to know that is there any option that I can put orders which are valid longer than that i.e. orders which are not subjected to time frame but to a particular cost.
For example, suppose the market is presently trading a share at Rs 100. I would like to get an option that I put order for Rs 95 which is valid until either the order is fulfilled (irrespective of time) or else until I cancel the order manually.
That depends on the broker,with most of the brokers in India it is not possible and even with those few this facility is not possible for F&O but only for equity.