What are the features and benefits of Super Multiple?

Please follow the steps mentioned below to place an order in a scrip using Super Multiple:

• Login to your trading section by entering your User Id and Website Password.
• Once inside the trading section, click on Equity menu and then click on Place an Order link.
• Choose the scrip that you want to buy/sell and specify the quantity that you wish to trade in. The orders in super multiple are placed at Market price by default. However our system will place a Stop Loss order with a trigger price set at a difference of 5% from the market price by default. Under the Order type, choose Super Multiple.
• Click on Place Order.

In order to modify the details of the order that you had placed earlier,

• Click on Check Order status in Equity menu.
• Click on the text box next to the name of the scrip under the Stop Loss order.
• On the next screen, change the details (please see next question for knowing more on modifying orders). Click on Change Order.

To Square off the position that was taken on particular scrip,

• Click on Today's Positions in Equity Menu. This screen would show you the details on the scrip(s) that you had earlier bought/sold. Click on the text box adjacent to the name of the scrip and click on Place Order.
• On the next screen, you can set the price at which you would like to square off the position in that scrip(s) or simply square it off at market price by typing in "0" in the space provided. Please note that you can choose to square off your position in various lot sizes. For example; if you had bought 100 scrips of a company earlier, you can choose to square off the scrips in any lot size say 20 at a time then 35 then the rest and so on. However you can’t square off by selling /buying more scrips than what was transacted in the initial market order. In other words you can’t sell 120 shares when you had only bought 100 shares initially.
• Click on Place Basket Order.
• You will be shown a screen having the reference number of the transaction. You could also check the details of this transaction in Check Order Status. Here too, you can modify the order status if the order is in Open status.

Note: Please note that you can square off any open position in Super Multiple only through today’s positions. In case you place orders by not marking Super Multiple on an order. it will be considered a fresh order and hence not a square off to the Super Multiple order