How to square-off a MIS Market order, that was executed successfully

samant · October 2020

If I have shorted some instrument, say NIFTY12000CE as an MIS market order with VARIETY_REGULAR param in placeOrder call.
The order got placed and executed successfully.
Now at some point of time during the day, my code needs to squareoff this position. How do I go about it ? Which API to use ? Is there an example ?

rakeshr · October 2020

Now at some point of time during the day, my code needs to squareoff this position. How do I go about it ?

There is no special APIs for this. You need to place a regular counter exit order(i.e here BUY, if shorted) to close the above position.

samant · October 2020

Great. I though so too. Would like to confirm following code to exit all short positions.
Map> pos = kiteConnect.getPositions();
List positions=pos.get("day");
Position p=null;
for ( int i=0;iorderParams.quantity = p.sellQuantity;
orderParams.transactionType = Constants.TRANSACTION_TYPE_BUY;
orderParams.orderType = Constants.ORDER_TYPE_MARKET;
orderParams.tradingsymbol = p.tradingSymbol;
orderParams.exchange = Constants.EXCHANGE_NFO;
orderParams.validity = Constants.VALIDITY_DAY;
orderParams.product = Constants.PRODUCT_MIS;
Order order = kiteConnect.placeOrder(orderParams, Constants.VARIETY_REGULAR);

}

samant · October 2020

@rakeshr : Could you please confirm above comment ?

Thanks

sujith · October 2020

It seems fine.

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How to square-off a MIS Market order, that was executed successfully