GTT (Good Till Triggered) orders, unlike normal orders, don't expire daily. They stay in the system until the trigger condition you set is met.
For example, SBI is trading at ₹550 but you want to buy it only when it drops to ₹450. If you place a normal limit order at ₹450 and SBI doesn't fall that far today, the order is cancelled at the end of the day and you'd have to place it again the next day. A GTT keeps waiting until ₹450 is hit.
At Rupeezy, both Limit and Market orders can be placed once the trigger is hit. A BUY GTT places a buy order for the instrument, and a SELL GTT places a sell order.
Which product types can I use with a GTT?
- Intraday
- Pay Later
- Delivery / Carry Forward
The product type you choose only determines the nature of the order once the trigger condition is met — it does not affect the validity of the GTT itself.
When does the GTT reach the exchange?
The actual order is placed on the exchange only once the trigger condition is met. At that point the usual checks (margin, quantity authorization, and so on) run, and the order can still be rejected before it reaches the exchange. See Why are GTTs disabled, cancelled, expired, or rejected? for the reasons.