Ready to place your first trade? This guide shows you exactly how to place buy and sell orders in Zerroday - whether it's NIFTY options, BANKNIFTY futures, or SENSEX options. Let's trade! 🚀
✨ What You'll Learn
- ✅ How to place buy and sell orders
- ✅ Market vs Limit orders explained
- ✅ Trading options and futures
- ✅ Order management and cancellation
- ✅ Understanding order execution
⚠️ Daily Order Limits
Order placement has daily/weekly limits based on your subscription:
Free Plan: 20 orders per day
Daily Pass: 250 orders per day
Weekly Pass: 1000 orders per week
Monthly Pass: Unlimited orders
Limits reset daily (for daily limits) or weekly (for weekly limits). Upgrade to place more orders!
Step 1: Select Symbol 📊
First, choose what you want to trade:
📱 From Watchlist
- Go to Watchlist tab
- Tap on any symbol (NIFTY, BANKNIFTY, etc.)
- Symbol details screen opens
- Ready to place order!
🔍 Search Symbol
- Tap search icon
- Type symbol name
- Select from results
- Symbol details open
Step 2: Choose Buy or Sell 💹
On the symbol details screen, you'll see two buttons:
📈 Buy Order
Tap "Buy" when you think price will go UP.
- For Call options (price up)
- For Put options (price down - buying Put)
- For futures (expecting rise)
📉 Sell Order
Tap "Sell" when you think price will go DOWN or to close position.
- For Put options (price down)
- For Call options (price up - selling Call)
- To close existing positions
Step 3: Enter Quantity 📦
Enter how much you want to trade:
🎯 Options & Futures
Enter quantity in lots. For NIFTY, 1 lot = 50 shares. For BANKNIFTY, 1 lot = 15 shares.
Example: Enter "2" for 2 lots of NIFTY = 100 shares
📊 Index Futures
Enter quantity in lots. For NIFTY futures, 1 lot = 50 shares. For BANKNIFTY futures, 1 lot = 15 shares.
Example: Enter "2" for 2 lots of NIFTY futures = 100 shares
Step 4: Choose Order Type 🎯
Select Market or Limit order:
⚡ Market Order
Executes immediately at current market price.
- ✅ Fast execution
- ✅ Guaranteed execution
- ⚠️ Pays current market price
- 💡 Best for: Quick trades, liquid markets
🎯 Limit Order
Executes only at your specified price or better.
- ✅ Price control
- ✅ Better entry/exit prices
- ⚠️ May not execute
- 💡 Best for: Price-sensitive trades
💡 Pro Tip
For beginners, start with Market orders to understand trading. Use Limit orders when you want specific entry/exit prices.
Step 5: Enter Price (For Limit Orders) 💰
If you chose Limit order, enter your desired price:
- Enter price in the price field
- For Buy Limit: Enter maximum price you're willing to pay
- For Sell Limit: Enter minimum price you're willing to accept
- Order executes only if price reaches your limit
📊 Price Examples
NIFTY Call Option:
Current price: ₹150 | Limit: ₹145 (Buy cheaper) ✅
BANKNIFTY Futures:
Current price: ₹45,000 | Limit: ₹44,800 (Buy cheaper) ✅
Step 6: Place Order 🚀
Review your order details and tap "Place Order":
✅ Order Review Checklist
- Symbol is correct (NIFTY, BANKNIFTY, etc.)
- Buy/Sell direction is correct
- Quantity is correct (lots or shares)
- Order type is correct (Market/Limit)
- Price is correct (if Limit order)
Tap "Place Order" button. Your order is placed!
What Happens After Placing Order? ⚡
📱 Market Orders
Execute immediately at current market price. You'll see confirmation instantly. Order appears in Orders tab as "Completed".
⏳ Limit Orders
Appear in Orders tab as "Pending". Execute when price reaches your limit. Check Orders tab to see status.
📊 View Orders
Go to Orders tab to see all orders - pending, completed, and cancelled. Tap any order for details.
Order Management 🔧
❌ Cancel Order
- Go to Orders tab
- Find pending order
- Tap on the order
- Tap "Cancel" button
- Order is cancelled
Note: Only pending orders can be cancelled. Completed orders cannot be cancelled.
🔄 Modify Order
To modify an order:
- Cancel the existing order
- Place a new order with updated parameters
- New order replaces the old one
Trading Different Instruments 📊
🎯 Options Orders
Trading options (Call/Put):
- Search options symbol (e.g., NIFTY25JAN24000CE, BANKNIFTY25JAN24000CE)
- Buy Call = Expecting price up
- Buy Put = Expecting price down
- Enter quantity in lots (1 lot = 50 for NIFTY, 1 lot = 15 for BANKNIFTY)
- Place order - same process for all indices
📈 Futures Orders
Trading futures:
- Search futures symbol (e.g., NIFTY25JANFUT)
- Buy = Long position (expecting rise)
- Sell = Short position (expecting fall)
- Enter quantity in lots
- Same process as options
📊 Index Futures Orders
Trading index futures (NIFTY, BANKNIFTY, SENSEX):
- Search futures symbol (e.g., NIFTY25JANFUT)
- Buy = Long position (expecting rise)
- Sell = Short position (expecting fall) or closing
- Enter quantity in lots (same as options)
- Works same as options orders
Understanding Order Limits 📊
📋 Subscription-Based Limits
Order limits help manage platform resources and ensure fair usage:
| Plan | Limit | Reset Period |
|---|---|---|
| Free | 20 orders | Daily |
| Daily Pass | 250 orders | Daily |
| Weekly Pass | 1000 orders | Weekly |
| Monthly Pass | Unlimited | - |
Tip: Check your remaining orders in the Orders tab. Limits reset automatically at midnight (for daily) or start of week (for weekly).
Best Practices 💡
✅ Double-Check Before Placing
Always review symbol, quantity, and order type before placing. Mistakes in paper trading teach you to be careful in real trading!
🎯 Start with Market Orders
Beginners should start with Market orders to understand execution. Learn Limit orders once comfortable with basics.
📊 Monitor Your Orders
Check Orders tab regularly to see order status. Cancel pending orders if market moves against you.
Ready to Place Your First Order? 🚀
Start trading with paper money. Practice order placement, learn market dynamics, and master trading without risk!
Start Free on Zerroday →