What types of orders does Fincare services offer on its equity platform?

With Fincare services you can place three types of orders: Limit Order – A limit order is placed with a brokerage to buy or sell a set number of shares at a specified price, or better. These orders also allow an investor to limit the duration for which an order can be outstanding before being cancelled. Market Order – A market order is placed to buy or sell a stock at the current market price. A broker enters an order as a market order when requested to do so by his client. When such an order is placed, it is almost guaranteed that the order will be executed. Also, for a market order, the price is paid when the order is executed. This price may not always be the same as that presented by a real-time quote service. This often happens when the market is changing very quickly. Placing an order “at the market”, especially when it involves a large number of shares, offers a greater chance of getting different prices for different parts of the whole order. Stop-loss Order – A stop loss is an order to buy or sell a security once the price of the security has climbed above, or dropped below a specified stop price. When the specified stop price is reached, then the order is executed as a stop loss limit order (fixed or pre-determined price). A stop loss limit order is, thus, an order to buy a security at no more (or sell at no less) than a specified limit price. This gives the trader some control over the price at which the trade is executed, but may prevent the order from being executed. There are two types of stop loss limit orders: A stop loss buy order – This can only be executed by the exchange at the limit price, or lower. For example, if an investor would like to invest in a particular share when it technically breaks out at Rs. 120, while its market price is at Rs. 100, he can place a stop-loss order with the price range of Rs. 115 to Rs. 120. When the share reaches a price in that range, the stop loss order will automatically be executed. A stop loss sell order – An investor can protect his loss by placing a stop loss sell order too. For example, if an investor has invested in a share at Rs. 100, he can protect his loss by placing this type of order with a range of Rs. 95 to Rs. 90. When the price falls in this range, the order gets executed automatically.