Sell VTT (Valid Till Triggered) is used to exit current stock holdings or to sell Futures and Options (FNO) contracts.

Consider the following example:

You want to sell Infosys Limited, which is currently trading at 1591.80, at 1680. Here’s how to place a sell VTT order:

1.     Login to Your Trading Platform: Access your trading account through 5Paisa.

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

3.     Select Sell Order: Choose the option to place a sell VTT order.

4.     Enter Initial Sell Details:

o   Trigger Price: Enter 1680 as the trigger price.

o   Sell Price: Set the sell price to 1680.

5.     Review and Confirm: Verify all details to ensure accuracy. Confirm and place your VTT order.

Example Breakdown:

·        Trigger Price: If the trigger price of 1680 is hit on the exchange, a limit sell order at 1680 is placed.

·        Execution: This order will be executed if you have the stock in your Demat account and a buyer is available.

·        Daily Authorisation: Note that you need to perform the sell authorisation process every day until the order is executed.

Steps in Detail:

1.     Login to Your Trading Platform: Open 5paisa and log in to your account.

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

3.     Select Sell Order: Click on the option to place a new sell VTT order.

4.     Enter Initial Sell Details:

o   Trigger Price: Enter 1680 as the trigger price.

o   Sell Price: Set the sell price to 1680.

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

By following these steps, you can effectively place a sell VTT order to exit your current stock holdings or sell FNO contracts, with optional stop-loss and target conditions for added control over your trades.