VTT Buy Order: This type of order is utilised to set up triggers for buying stocks intended for delivery. Once the trigger price is reached, a buy order is automatically executed at the specified limit price on the exchange. This order is applicable in both the equity and FNO segments, particularly for delivery trades.

Steps to Place a Buy VTT Order on the 5Paisa Mobile Application:

Step 1: Login and Select the Stock

·        Login to Your 5Paisa Account: Open the 5Paisa mobile app and log in with your credentials.

·        Search or Add to Watchlist: Search for the stock or add it to your watchlist.

·        Select the Stock: Click on the stock from your watchlist for which you want to place a VTT order.

Step 2: Open the Order Window

·        Click on the Highlighted Symbol: Click on the highlighted symbol to open the order window.

Step 3: Place the Buy VTT Order

·        Click on VTT: Select the VTT option.

·        Enter Order Details:

o   Quantity: Enter the quantity you wish to buy.

o   Trigger Price: Enter the price at which you want the order to be triggered (e.g., 2250).

o   Buy Price: Set the limit price at which you want to buy once the trigger is hit (e.g., 2255).

Example Explanation:

·        Trigger Price: If the trigger price of 2250 is hit on the exchange, a limit buy order at 2255 is placed.

·        Execution: Since the limit price is greater than the market price, the order behaves like a market order and executes at 2250.

·        Limit Price Constraint: However, as this is a limit order, it won’t be filled at a price above 2255. This ensures that the order is executed when triggered and doesn’t stay pending or get cancelled.

·        Review and Confirm: Review all the details you have entered to ensure accuracy.

·        Place the Order: Click on the "Buy Confirm" button to place your VTT order.

By following these steps, you can effectively place a Buy VTT order using the 5Paisa mobile application. This ensures that your buy order is executed when the specified trigger price is reached, with the limit price ensuring the order is filled within your desired price range.