The Good Till Triggered (GTT) feature lets you create an order that stays active until your trigger condition is met. Your trigger remains valid for one year. When your trigger hits, a limit order is placed and executed if you have sufficient funds in your account. You receive a notification on your registered email and mobile device every time your GTT triggers and an order is placed on the exchange.
- Buy GTT: You can use buy GTT to create triggers for buying instruments. When the trigger price hits, a buy order with your specified limit price is placed on the exchange.
- Sell GTT: You can use sell GTT to exit holdings or short-sell F&O contracts. You can place either a target order or both stoploss and target orders using sell GTT. Your sell GTT order for holdings executes only if the shares are in your demat account and the order fills on the exchange.
Example scenarios
Buy GTT: To place a GTT order for buying below the Current Market Price (CMP), you must enter the trigger and target price below the CMP.
- In this scenario, the CMP of Reliance is ₹2322.
- You place GTT by entering ₹2300 as the Trigger price and ₹2305 as the target price.
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When the CMP hits the trigger price, a buy limit order for ₹2305 is placed on the exchange.
Sell GTT - Single: To place a GTT order for selling above the Current Market Price (CMP), you must enter the trigger and target price above the CMP.
- In this scenario, the CMP of Bank of Baroda is ₹227.
- You place GTT by entering ₹240 as the Trigger price and ₹241 as the target price.
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When the CMP hits the trigger price, a sell limit order for ₹241 is placed on the exchange.
Sell GTT - OCO (One Cancels Other)
- Assume the current price of Infy is ₹1822.15.
- You place a target order to sell at ₹1910 with a trigger price of ₹1910.
- You place a stop loss order to sell at ₹1730 with a trigger price of ₹1730.
- If either your target or stop loss order price conditions are met, a sell CNC order is placed, cancelling the other condition.
GTT is completely free, and it has no additional charges.
Visit zerodha.com/tos/gtt to know all the terms and conditions.