More Insight On Zerodha Kite AMO OR After Market Order

After Market Order

There are various kinds of orders to suit various traders. Many traders are office goers. They are either roaming here and there in the market hour OR they cant be able to concentrate on live market for active intraday trading. For them there is a solution. That is Zerodha Kite AMO.

AMO stands for after market order. The normal market order can be given from 9:15 till 3:30 but once the market closes there is scope to put an AMO or after market order. AMO orders can be placed from 4PM in the evening till 9:14 next day in the morning (till just before 1 minute of the market opening). So a trader who is putting an AMO can plan his trades beforehand. He decides what price to BUY or SELL a scrip and puts an AMO accordingly.

The AMO orders are executed after the normal markets open. AMO orders for currency market is allowed from 4PM in the evening till 8:59AM in next morning. After market orders are also possible in the MCS commodity markets. MCX after market orders can be placed any time during the day. But all AMO orders will be sent to the exchange only at 10AM. So if you put an AMO in the MCX exchange at 10:10 AM or at 10:10 AM both the orders will hit exchange only on next trading day.
Zerodha Kite AMO
To put an Zerodha Kite AMO simply select a scrip and click on B or S button beside the scrip. This will open the order window. Please select the AMO radio button and this will open the after market order window. You can simply put your quantity price and choose market order or limit order etc. If a trader wants an order to be executed above or below a certain price then he or she can also select the SL or SL-M order.

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Indrajit Mukherjee

Indrajit is a professional blogger and Trading System developer, Amibroker expert, WordPress expert, SEO expert and Stock market analyst. He is studying the stock market since 1995 and is an active trader since 2000. He started the journey of StockManiacs.net on 2008. He follows Indian and world markets as well as the forex market closely.

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