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In Indian Stock market, Can I place a limit order to buy a stock below 25% of current market value as Good for 6 months on HDFC Securities platform?

  • Why don't you ask HDFC Securities? – Flux May 8 at 5:37
  • What are you expecting to get from that? Some noob accidentially selling to you for a low price? – Aganju May 8 at 22:02
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You can place a good till cancelled order on Indian exchange.

Whether your broker gives you auto cancel after specific period, you have to check with your broker.

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In general, theoretically you can submit a limit order with a good-til-cancelled time-in-force to most stock exchanges, but in practice there are limits preventing you from doing exactly that.

Some brokers put boundaries on the time-in-force such as setting the maximum time to three months (rather than the 6 months you desired). Part of the rationale is that there may be events that would effect the stocks price such as dividends and it is difficult to predict these more than 3 months away, so they require that you positively update the order for it to continue to remain active for another 3 months. They may also cancel or adjust the orders in the event of a stock split or when the exchange undergoes maintenance.

However, many exchanges nowadays perform order checks, so if the price of the order is too far away from the current market price, then the order will be rejected. Usually this is when the order is to far in the market (e.g 25% above the bid price) but there are usually boundaries on both sides.

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