Buy VTT with Stop-Loss and Target on 5Paisa: Allowed in equity and FNO segment (Delivery Trade)

Consider the following example:

You want to buy 1 quantity of Reliance Industries Ltd, which is currently trading at 2314.20, at 2250. You want to set the stop loss at 2200 and the target price at 2350. Here's how to place a buy VTT order on 5Paisa:

1.     Login to Your 5Paisa Account: Access your trading account on the 5Paisa platform.

2.     Navigate to VTT Orders: Locate the section for placing VTT orders. This is usually found under the trading or order placement section.

3.     Select Buy Order: Choose the option to place a buy VTT order.

4.     Enter Initial Buy Details:

o   Trigger Price: Enter 2250 as the trigger price.

o   Buy Price: Set the buy price to 2250.

5.     Set Stop Loss (SL):

o   Trigger Price for SL: Enter 2200 as the stop loss trigger price.

o   SL Price: Enter 2200 as the SL price.

6.     Set Target Price:

o   Trigger Price for Target: Enter 2350 as the target trigger price.

o   Target Price: Enter 2350 as the target price.

7.     Choose Order Type: Decide whether each leg (initial buy, stop loss, and target) should be placed at a limit price or market price.

8.     Review and Confirm: Double-check all entered details for accuracy. Confirm and place your VTT order.

Example Breakdown:

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

·        Execution: This order will be executed if a seller is available at 2250.

·        Stop-Loss and Target: Once the initial buy order is executed, the stop-loss and target prices become active.

o   Stop-Loss Execution: If the stop-loss trigger price of 2200 is hit, a limit sell order at 2200 is placed.

o   Target Execution: If the target trigger price of 2350 is hit, a limit sell order at 2350 is placed.

·        Order Cancellation: The other trigger (SL or target) is canceled when one is hit.

Daily Authorisation:

·        Note that you need to perform the sell authorisation process every day until the order is executed, as the stop-loss and target are sell orders.

Optional Orders:

·        The stop-loss and target orders are optional. You can place either order or both, as you prefer.

Steps in Detail:

1.     Login to Your 5Paisa Account: Open the 5Paisa platform and log in to your account.

2.     Navigate to VTT Orders: Go to the section dedicated to placing VTT orders.

3.     Select Buy Order: Click on the option to place a new buy VTT order.

4.     Enter Initial Buy Details:

o   Trigger Price: Enter 2250 as the trigger price.

o   Buy Price: Set the buy price to 2250.

5.     Set Stop Loss (Optional):

o   Trigger Price for SL: Enter 2200 as the stop loss trigger price.

o   SL Price: Enter 2200 as the SL price.

6.     Set Target Price (Optional):

o   Trigger Price for Target: Enter 2350 as the target trigger price.

o   Target Price: Enter 2350 as the target price.

7.     Choose Order Type: Specify if each leg should be a limit or market order.

8.     Review and Confirm: Verify all details, then confirm and place the order.

By following these steps on the 5Paisa platform, you can effectively place a buy VTT order with defined stop loss and target prices to manage your trades efficiently.