The types of orders that you can place on Upstox can be divided into two broad categories: Simple orders and Complex orders.

Types Of Simple Orders:

1. Limit Order:

A limit order is placed when you wish to buy or sell a stock at a specific price. It will be executed only when the stock reaches that price. When placing a limit order to buy stocks, enter a limit price below the market price. Conversely, when selling stocks, enter a limit price above the current market price.

2. Market Order:

A market order is used when you want to buy or sell a stock at the prevailing market price. Once placed, it will be executed at the current market price.

3. Stop-Loss Order:

A stop-loss order is employed to limit potential losses if prices move against your trade. It serves to minimize losses on a trade, with the specified price indicating the maximum acceptable risk. A stop-loss order can be either a limit order or a market order:

Stop-Loss Limit Order:

A stop-loss limit order is executed at the price you set. The stop-loss serves as a trigger for the order. For example, if you hold a buy position at ₹100 and want to limit losses in a falling market, you can place a sell stop-loss limit order with a trigger price of ₹96 and a limit price of ₹95. Once the trigger price is reached, the limit order is activated and executed at the best available price above ₹95.

Similarly, for a sell position at ₹100 in a rising market, a buy stop-loss limit order can be placed with a trigger price of ₹104 and a limit price of ₹105.

Stop-Loss Market Order:

In a stop-loss market order, you enter a trigger price. The order is triggered when the stock reaches this price, and it becomes a market order, sent to the Exchange for execution at prevailing market rates.

Types Of Complex Orders:

Mentioned above were simple orders with just one leg. However, there are also two complex orders, which combine two legs.

1. Cover Order (CO):

Cover Order (CO) is a special order type that consists of a market order and a stop-loss market order attached to it. In this type of special order, the first leg is always a limit/market order. Once executed, the second leg (the stop-loss market order) is automatically placed. The stop-loss order cannot be cancelled, and both orders are interconnected. The order can be modified up to the Last Traded Price (LTP) in the case of a favorable market movement.

This is a special order type with two different legs:

First Leg: Limit/market Order

Second Leg: Stop-loss market order.

2. After-Market Order (AMO):

After-Market Order (AMO) is for individuals who are busy during market hours but wish to participate. You can plan your orders at leisure before the market opens and place an order after the market closes.

Below are the AMO timings for your reference:



Equity (NSE & BSE EQ)

4.05 pm to 12:00 am and 5:00 am to 8:58 am


Future & Option

3.31 pm to 12:00 am and 5:00 am to 9:13 am

Currency Segment

5.01pm to 12:00 am and 5:00am to 8:58 am

MCX Segment

5:00 am to 8:58 am