Buy price in kite.place_order?

Rajneesh_12

I place a buy order like this -

    kite.place_order(tradingsymbol=symbol,
                exchange=kite.EXCHANGE_NFO,
                transaction_type=kite.TRANSACTION_TYPE_BUY,
                quantity=quantity,
                order_type=kite.ORDER_TYPE_MARKET,
                product=kite.PRODUCT_MIS,
                variety=kite.VARIETY_REGULAR)

So if I do not specify any price here then does it buy at ltp?
I calculate ltp like this -

 ltp = kite.ltp("NFO:" + symbol)["NFO:" + symbol]['last_price']

sujith

A market order doesn't need price, it means buy at market price.

sujith

You know more here.

Rajneesh_12

are ltp and current market price different?


Also is this correct now?

    # place limit for different price
    kite.place_order(tradingsymbol=symbol,
                    exchange=exchange,
                    transaction_type=kite.TRANSACTION_TYPE_BUY,
                    quantity=quantity,
                    order_type=kite.ORDER_TYPE_LIMIT,
                    price=ltp,
                    trigger_price = ltp,
                    product=kite.PRODUCT_MIS,
                    variety=kite.VARIETY_REGULAR)

sujith

LTP is the last traded price, it is the same.
You need to send validity and remove the trigger price.

Rajneesh_12

I am placing BUY limit order in the above manner at a price greater than ltp but it buys at ltp only.
So if I want to buy at some price higher than ltp how should I modify the above code.
Also instead can I place a single type GTT buy order?

rakeshr

@Rajneesh_12

if I want to buy at some price higher than ltp how should I modify the above code.

To buy above LTP, you can place a Buy SL order with the price at which you want to buy. You can go through this article, which explains in detail.

rsamikan

    # place limit for different price
    kite.place_order(tradingsymbol=symbol,
                    exchange=exchange,
                    transaction_type=kite.TRANSACTION_TYPE_BUY,
                    quantity=quantity,
                    order_type=kite.ORDER_TYPE_SL,
                    price=ltp+0.5,
                    trigger_price = ltp,
                    product=kite.PRODUCT_MIS,
                    variety=kite.VARIETY_REGULAR)