What is an “After Market Order (AMO)?
johny many last edited by
One fine day I linked a stock that was lying in my demat account for a long time suddenly making a strong over move during last half an hour of the trading hours. I had a standpoint that the stock will surely open high the coming day and later it may fall and decided to vend it as soon as the request opens. But, I couldn't do it as I got stuck with an unlooked-for situation the coming day morning. Gone the occasion! And the stock still lies safely in my demat account.
How could I've avoided this? The answer lies in the form of “ After market order( AMO) ”. After request order is a installation handed to dealers and investors to place steal/ sell orders after or before trading hours. We all know that BSE and NSE opens at9.15a.m and closes at3.30p.m. And it remains unrestricted on Saturdays and Sundays. If I had been shrewd enough to place the order eventually in between the close and open time of the request the coming day I would have been suitable to exit the loss making stock with a small profit.