You are long 100, so if you are stopping and reversing the position in one order, that is a single market order of 200 lots to sell. Slippage will depend on the liquidity of the contract.
Selling to myself will not happen in the above case. But assuming you have placed a 100 nifty lot buying order and then you sell it to yourself, that can come under circular trading and you will most likely get a notice from exchange asking for explanation. So if you are planning to place an order and sell it to yourself, I’d say it is not a good idea…
Thanks Nithin!
I am not sure if I understood this point - "But assuming you have placed a 100 nifty lot buying order and then you sell it to yourself, that can come under circular trading and you will most likely get a notice from exchange asking for explanation"
Could u re-explain please. Thanks!
As per exchange rules, you cannot be the same person on both the buy and sell side of the trade, it is considered as circular trading. So if you place a limit buying order and then sell 100 lots at same limit price to yourself, it is circular trading.