My questions are
Q1:-
The Closing price of day1 is not equal to the opening price of day2.
What causes this change? [is nse/bse the culprit?]
and why is it required to cause such a change.
Q2:-
From 9.00AM to 9.08AM orders can be
A. modified
B. placed
C. cancelled
D. All of these.
it would be better sir if i get 2 lines of explanation on this question.
Q3:-
I am in full doubt about what exactly happens during 9.00AM to 9.15AM.
what are the actions that you undertake as a broker and what are the actions that are taken by the stock exchanges[BSE/NSE] during this time.
It would be immense help if i get to know what happens exactly during this time.
Q4:-
So the closing price on day1 is not same as opening price on day2 [okay accepted somehow] then i do the following things....
#1. on day2 night 11.00PM i place an AMO on kite for an intraday[MIS] buy for day3 on the stock 'xyz'.
{yes, i want to go for AMO as i cant actively trade}
{and yes i expect 'xyz' to go up by 3% on day3}
{assume the price of 'xyz' stock is 'j'}
{'j' is the closing price on day2}
#2. the order placed doesn't have any limit price, i.e. it is a buy @ market price.
#3. will my order be executed exactly at the opening price? [time 9.15AM day3]?
{assume opening price to be 'k' on day3 such that 'k'>'j'}
4. what if I order 5000 shares as buy quantity? {also tell the amount i should have in my account is it Rs.5000j or Rs.5000k}
how fast will it be executed? [i mean can all these 5000shares be bought quickly at one single price or they will be different]
what would still be the case if quantity i want to buy is large e.g. 25000 shares.
how will my buying price be affected by deciding the number of shares.
i mean will it be affected?, if yes then please explain it using an example.
Sir these are few questions that me as an investor has before he decides (and starts) to invest his hard earned money.
Thankyou sir,
For the above queries
A1:-
The stock price may open with gap up or gap down from previous days close price, as the opening price will be equal to equilibrium price arrived during pre open session based on supply and demand for that particular scrip
A2:-
From 9.00AM to 9.08AM you can place modify or place or cancel for equities and you can do the same with AMO orders for FNO
A3:-
9.00AM to 9.14.59 AM os the pre open market session you can check the more information about pre open market from the below links
https://www.nseindia.com/marketinfo/preOpen/preOpenMkt.jsp
https://www.nseindia.com/live_market/dynaContent/live_watch/pre_open_market/pre_open_market.htm
A4:
You can place AMO order with limit / market price ,
if you have placed AMO order at market price, once market is opened it will immediately executed in first in first out form at market price, As it is FIFO form (orders will be in queue) you may or may not get it at market opening price as it depends on bids and ask
If you have placed AMO limit order, once market is open it will be place at limit price.
If the AMO limit order is not executed on that trading day , the order will get cancelled after market closed and you have to place the AMO order again for the next day.