How do huge volumes of BANKNIFTY or NIFTY derivatives traded

How to trade huge volumes of NIFTY or BANKNIFTY derivatives like HNIs & Institutional Players.

  1. Which Order type is usually used (Limit Order or Market Order)
  2. In case of a Market Order, can we determine average buy/sell price before hand.

Thanks in advance.

Tagging: @nithin

  1. Both limit and market order
  2. No one can decide beforehand average price

Based on quantity available at bid or offer, anyhow there is limit restriction on per order basis so it can be based on situation, liquidity, type of trading( intraday,swing, positional,arbitrage etc). But generally better to use limit order with little higher than offer or at offer price when buying and viceversa to sell to avoid any slippage.

Not possible.