Sage-Tips

Does GTT work in gap up or gap-down?

The GTT order will be triggered even in case a stock opens gap up or gaps down, having breached your trigger price. In case the order is not executed by the EOD, it will get cancelled by the exchange like normal orders.

Does GTT work in pre open market?

There are various checks that the RMS at Zerodha does on a pre-trade basis as and when clients request orders to be placed, but before orders are placed at the Exchanges. The Call & Trade feature at Zerodha shall not be allowed for clients using the GTT Feature.

What happens when market opens gap-down?

A full gap up occurs when the next day opening price is higher than the high price of the previous day. A full gap-down occurs when the opening price of the stock is lower than the previous day’s low price.

How do you predict market gap up and gap-down?

A full gap up occurs when the next day opening price is higher than the high price of the previous day. Check the chart below, where the green arrow depicts the gap up point. A full gap-down occurs when the opening price of the stock is lower than the previous day’s low price.

Why is GTT not executed?

Note : Limit buy orders above the trigger price are more likely to execute and Limit sell orders below the trigger price are more likely to execute. In case a limit order is outside the circuit price , it is rejected and will not execute. GTT is completely free and there are no additional charges for using it.

What is validity GTT?

A GTT is valid for one year. If it isn’t triggered within one year, the GTT will be cancelled. You will need to place the GTT again manually if required.

How do I get rid of GTT?

How do I delete a Good Till Triggered(GTT) order placed on Kite?

1. Go to the Orders window on Kite.
2. Click on the GTT tab.
3. Place your cursor over the stock you want to delete and the options tab will pop up.
4. Click on the options tab.
5. Click on delete.
6. Click on the delete button.

What is the reason for gap up opening?

Opening gaps result from a newsworthy event that happens after trading is over. This results in an imbalance in supply and demand when the market opens the next day. If a stock opens much higher than its previous closing price, it is said to have a ‘gap up’ opening.

What causes a stock to gap up or down?

Gaps occur because of underlying fundamental or technical factors. For example, if a company’s earnings are much higher than expected, the company’s stock may gap up the next day. Similarly, a stock breaking a new high in the current session may open higher in the next session, thus gapping up for technical reasons.

How many GTT orders can I place at a time?

A maximum of 50 active GTTs is allowed at a time for one account. The GTT order will be triggered even in case a stock opens gap up or gaps down, having breached your trigger price. For instance, if the stock closes at 90 on Monday and you have placed a buy trigger for 100 with a limit price of 102.

What triggers the GTT order?

The GTT order will be triggered even in case a stock opens gap up or gaps down, having breached your trigger price. For instance, if the stock closes at 90 on Monday and you have placed a buy trigger for 100 with a limit price of 102.

Does your dealing desk support GTT?

Our dealing desk does not support GTT. You will have to place, cancel, modify these on your own. A GTT is valid for a maximum of 1 year from when it is placed. At the end of 1 year, it will be cancelled and will need to be re-created if necessary.

What is a sell GTT and how does it work?

What this means is that whatever the price at which the market order gets executed, a sell GTT is placed at 1\% above and below that price. If either one of these gets executed, the other gets cancelled. All GTTs placed you place can be managed under the GTT tab on the Orders page of Kite.