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Buy price in kite.place_order?

Rajneesh_12
Rajneesh_12 in Python client
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']
Tagged:
  • sujith
    sujith
    A market order doesn't need price, it means buy at market price.
  • sujith
    sujith
    You know more here.
  • Rajneesh_12
    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
    sujith
    LTP is the last traded price, it is the same.
    You need to send validity and remove the trigger price.
  • Rajneesh_12
    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
    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
    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)
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