Stock Market Transaction....
By somnath26
@somnath26 (18)
India
December 4, 2012 3:42am CST
I'm pretty new in Stock Market dealing. I use my demat account for this purpose. Today when I tried to buy one stock, the following message came up -- "Order Rejected.Only square off orders are allowed For the Scrip and the Exchange".
Now can someone explain what is "square off orders" ???
1 response
@mohkanari (1957)
• India
6 Dec 12
I have heard it in day trade. We may not have full cash amount to make cash order for scrip. Then square off order can be placed. Before closing market time, these orders are nullified and no stock will be find at closing. Some stocks aren't allowed for square off trade by SEBI in India.
