How to Place GTT Order in ICICI Direct

Last Updated: Mar 19, 2024 Value Broking 4 Mins 2.5K

GTT (Good Till Triggered) orders are a powerful tool for traders looking to manage their investments effectively. They allow you to set specific price levels at which you want to buy or sell a stock, and the order remains active until the trigger condition is met or until you manually cancel it. ICICI Direct, one of the leading online trading platforms, offers the GTT order feature to its users. Here’s a step-by-step guide on how to place a GTT order in ICICI Direct:

Step 1: Log In to Your ICICI Direct Account

Step 2: Navigate to the Trading Dashboard

Once you’re logged in, you’ll be directed to the trading dashboard. This is the main interface for viewing your portfolio market data and executing trades.

Step 3: Select the Stock You Want to Place a GTT Order For

Navigate to the “Market Watch” section, which provides a list of stocks you have added for tracking. If the stock you want to place a GTT order for is not on the list, you can search for it using the search bar.

Step 4: Click on the Stock Name

Click on the name of the stock you want to place a GTT order for. This will give a detailed view of the stock’s performance and trading options.

Step 5: Click on the “GTT Orders” Tab

Within the detailed view of the stock, you’ll find various tabs such as “Buy,” “Sell,” “Holdings,” and so on. Click on the “GTT Orders” tab to proceed.

Step 6: Choose “Create GTT Order”

Under the “GTT Orders” section, you’ll find an option to “Create GTT Order.” Click on this option to initiate the GTT order placement process.

Step 7: Specify Order Details

A form will appear where you need to specify the details of your GTT order:

Order Type: Select either “Buy” or “Sell” based on whether you want to buy or sell the stock.
Trigger Price: This is the price at which you want the GTT order to be triggered. Once the stock reaches this price, the GTT order will be activated.
Quantity: Enter the number of shares you want to buy or sell.
Validity: Set the duration for which you want the GTT order to remain active. You can choose from options like “Day,” “Immediate or Cancel,” or “Good Till Triggered.”

Step 8: Set Trigger Conditions

Depending on your preference, you can choose from various trigger conditions:

Last Traded Price (LTP): The order will be triggered when the last traded price matches the trigger price.
Market Price: The order will be triggered based on the prevailing market price.
Day High or Low: The order will be triggered when the stock reaches its highest or lowest price for the day.

Step 9: Review and Confirm

Double-check all the details you’ve entered to ensure they are accurate. Once you’re satisfied, click on the “Submit” or “Confirm” button to place the GTT order.

Step 10: Monitor Your GTT Orders

After placing the GTT order, you can monitor its status in the “GTT Orders” section. Here, you’ll be able to see if the order has been triggered or executed or if it’s still active.

Important Tips:

Keep an Eye on Market Conditions: Since GTT orders are triggered based on specific price conditions, staying updated with market movements is crucial.
Regularly Review and Modify GTT Orders: Market conditions can change rapidly. It’s advisable to review and, if necessary, modify your GTT orders to align with your trading strategy.

Placing GTT orders in ICICI Direct provides traders with a valuable tool for automating their trading strategies and can be especially useful for investors who may not have the time to monitor the markets constantly. By following this step-by-step guide, you can effectively utilize the GTT order feature to enhance your trading experience on ICICI Direct.