Orders placed before the opening of the market are called pre-open session orders. Pre-open session is between 9.00 AM to 9.15 AM. This 15 minutes session involves 3 slots
- 9.00 - 9.08 AM-Order collection period-In this slot, you can place, modify or cancel your orders.
- 9.08-9.12 AM - Order matching and trade confirmation period-In this period, on the basis of orders received, the exchange determines the Opening Price and confirms orders that match the price. The remaining orders are moved to market session.
- 9.12-9.15 AM - This is a buffer period to facilitate transition from pre-open to normal market session.
Key Points to note while placing orders in pre-open market session:
- Pre-open session orders can be placed on both, NSE and BSE.
- Only Limit orders and Market Price orders are allowed during this period.
- All stocks will have uniform price band of 20% in the session. You need to place order within +/- 20% of last trading day's closing price. So, if a stock closed at Rs 200 in the last trading day, you can place order between Rs 160-240.
To place orders in pre-open market session in 5paisa, follow the normal order process but make sure that
- Your price is within the +/- 20% range of last trading day's closing price.
- Your order type is 'Limit' and 'Market'.
- You are placing the order between 9:00-9:08 AM.
Open Instant Account - Start Trading Today
