What is Day Order in Order Validity?

A Day Order is a type of order validity that remains active only for the duration of the trading day on which it is placed.

When you place a Day Order:

• The order stays open in the system until it is either fully executed or the trading session ends.
• If the order is not matched/executed by the end of the trading day, it is automatically cancelled by the system after market hours.

Example:

You place a Buy Limit Order for 100 shares of XYZ Ltd. at ₹500 as a Day Order.

• If XYZ’s stock reaches ₹500 or lower during the day, your order will be executed.
• If the price does not reach ₹500, the order will expire and be automatically cancelled after the market closes.