Yes, you can exit by doing authorization, you can read this to know the authorization process.
Also, you can pre-authorize the sale of your stock so you don’t have to repeat the process again, the authorization will remain valid for 90 days. The process is explained in the same post mentioned above.
GTT once triggered becomes inactive, also the order which was placed when GTT was triggered is rejected. You can ignore it.
In kite app under set an alert option where can I edit it or delete it in kite app once I have set it?
Is it like that? As we know that after purchasing the 2nd lot (i.e. 5000 @ Rs 10.05) the total no of share will be 10000 and purchased price will be averaged to Rs 10.025. So where the distinction between the first and second remains afterwards, could not understand. Am I missing something here?
When you purchase more shares, holding average does change according to value of your investment and shares you are holding, but the price at which you bought the shares at doesn’t change.
Eg.
Day 1 you bought 10 shares at 100 (your average will be 100).
Day 2 you bought 10 more shares at 200 (average will be 150).
After buying 10 shares at 200, your average price increases to 150, but the price at which you bought shares remains the same ie. 100 on day 1 and 200 on day 2.
Suppose on day 3 you sold 10 shares at 250, this 10 shares will be sold from the 10 you bought on day 1 and average price of your holding will become 200 (10 shares bought at 200 on day 2).
FIFO (First In First Out) is simple accounting procedure followed to do the calculation.
Are there any charges for using GTT?
There are no charges for using GTT.
I have a few shares I bought today I want to exit at limit price is there any other way to exit other than GTT?
Just place sell limit order the same way how you bought them. This order will be valid for one day ie today. Also this is your first time trading in markets?
Ok got it
Does the p&l under console section shows exact figure or is it approx?
It displays your exact P&L.
I do no understand this. EXIT can be done only by cancelling GTT order.Then where is the question of again to cancel the created GTT order,
One can exit the position from Holdings or Positions even before GTT is triggered, in such case the GTT order which is placed earlier will still remain active. So, when one is exiting before GTT is triggered the active GTT should be cancelled else once the GTT is triggered the order placed will create new fresh position.
Thanks for quickest and clear reply.
As per new norms I can use only 80% of proceed from selling the shares until settled for buying new shares how to check how much fund I can use?
I had purchased a company’s share day before yesterday but the profit and loss is not being reflected in my holdings. Why so?
It is showing there may be discrepancy with this stock fix on console…
Please help
Hope you’re having a great week, I am looking to hear someone who recommends a simulating software that can be used to analyze the stock market . Awaiting your valued response