How to place Basket orders in Zerodha Trader Nest Terminal

Basket Order Zerodha Trader Nest Terminal

If the user wants to place bulk orders in one go, one can use the basket order feature available in NEST Trader. Using this feature the user can either prepare a file in txt or csv format with the orders and directly upload into the system and place it or add multiple scrips of his/her choice and place the orders in one go. If user wants to slice the wave (breaking the whole order into bunch of orders with different quantity) user needs to click on Slice button. Baskets are there in Nest trader bulk trading. Following types of baskets are available here.

Normal basket

If the user wants to place bulk orders at one go, user can make use of the basket order feature available in NEST Trader. Using this feature, a user can either prepare a file in .txt or .csv format with the orders, or directly upload into the system. This will ensure that system places all the orders at one go. The user can save the file through Export List button provided and load the file through Browse button provided.

Normal Basket: The user can create a normal basket by adding individual orders into a basket and placing them at one go. Any combination of Order Type, Product Type, Scrip Information, Client Id, Quantity, and Price can be entered to create a basket.

Placing Basket orders in Zerodha Trader Nest Terminal(Tutorial User manual)

 

Once the user has entered all the relevant details as mentioned above, the user can click on ‘Add’ to add the scrip to the basket.

 

Once the user has added all the order details in the basket, he/she can place the basket at one go, by just clicking on ‘Place’.

 

In case the user wishes to save the basket to a file, one can do so by clicking on ‘Export’. A dialog will appear prompting the user to save the file as .csv type by entering the file name and selecting the file location where the file needs to be saved.

 

In case the user wants to re-enter the details for an order to be added to the basket, he/she may do so, by clicking on ‘Reset’. This will clear existing data and allow the user to enter fresh data.

 

The user may also load orders from a file created. The file must be of .csv or .txt type and created in the appropriate format. This is the same as the format in which the file gets saved during ‘Export’. The user simply needs to click on ‘Browse’, then select the file from the file path and click on ‘Open’. The orders in the file will get automatically loaded to the basket.

HOW TO PLACE BASKET ORDERS IN NEST TRADER

Apply LTP

Through this option user can apply LTP rate to the script added in the basket and can place the same in the desired exchange. User can also invoke this option by pressing Alt + Y.

Apply Market

Through this option user can apply Market rate to the script added in the basket and can place the same in the desired exchange. User can also invoke this option by pressing Alt + M.

Apply Counter

Through this option user can apply counter rate of the opposite side to the script added in the basket and can place the same in the desired exchange. User can also invoke this option by pressing Alt + C.

Apply Same

Through this option user can apply same rate of the same side to the script added in the basket and can place the same in the desired exchange. User can also invoke this option by pressing Alt + G.

Apply LTP with 0%

Through this option user can apply LTP rate to the script added in the basket and can place the same in the desired exchange. User can also invoke this option by pressing Ctrl + Alt + Y.

Apply Counter with 0%

Through this option user can apply counter rate of the opposite side to the script added in the basket and can place the same in the desired exchange. User can also invoke this option by pressing Ctrl + Alt + C.

Apply Same with 0%

Through this option user can apply same rate of the same side to the script added in the basket and can place the same in the desired exchange. User can also invoke this option by pressing Ctrl + Alt + G.

In the Normal Basket Order Entry Window, the user must enter the following details:

Exchg-Seg: The user must select the desired Exchange-Segment NSE for which he/she wishes
to place the order.
Ord Type: The user must select the appropriate Order Type as Limit or Market or Stop Loss-
Limit or StopLoss-Market for placing the order for the scrip selected.
P Type: The user must select the Product Type for placing the order for the scrip selected
i.e. NRML, MIS, CNC, ARB, and PMS. This classification is used for internal
purposes, and is significant from a risk-management perspective.
B/S: The user must select transaction type whether the scrip selected must be bought or
sold, by selecting Buy or Sell, respectively.
Pro/ Cli: The user must select ‘Pro’ if the order is to be placed for the proprietary account or
Cli if the order is to be placed for Client Account.
Validity: The user must select the validity of the order for the scrip selected as DAY, IOC or
EOS
Inst Name: The user must select the Instrument Name for the scrip which he / she wish to add
in the basket.
Symbol: The user must select the symbol for the scrip which he / she wish to add in the
basket.
O Type: The user must select the option type.
Strike Price: The user must select the Strike Price.
Expiry Date: The user must select the relevant expiry date.
Quantity: The user must enter the quantity that should be placed in the order.
Price: The user must enter the price at which the order is to be placed for the scrip in the
basket.
Mkt Prot (%): The user can enter the market protection %, which is useful in case the user makes
a typing error while entering the price for a scrip. The price entered should be
within the range of market LTP +/- x% of LTP, or else, the order for that scrip only,
will not get placed.
Trig Price: The user must enter the Trigger Price while placing Stop Loss orders, as the price
at which the order is to get triggered.
Disc Quantity: The user can enter the disclosed quantity, that is, the quantity that is to be
disclosed to the market.
Client ID: The user must select the Client ID for which the order is to be placed for the scrip
selected in the basket, in case ‘Pro/ Cli’ is selected as ‘Cli’.
Client Name: The Client Name corresponding to the Client ID selected appears in this field. The
user can also select the Client Name alternatively, and the corresponding Client ID
will appear in the ‘Client ID’ field.
Participant Code: The participant code corresponding to the Client ID selected will appear in this
field.
Validity Date: The Validity Date of the order can be entered in this field in case of Good Till Date
Orders, and is as such not applicable to NSE.
No. Of Days: The No. of Days of Validity of the order can be entered in this field in case of Good
Till Days orders, and is as such not applicable to NSE.
Remarks: The user can enter any remarks while placing the order. In case of basket orders,
the user may enter ‘Basket Order’ in the Remarks field for each of the scrips added
in the basket to distinguish the orders as basket orders for user reference. The
user may also name every basket placed with unique names mentioned in the
‘Remarks’ field to identify orders belonging to a particular basket.

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