Let’s check what is NSE pre open and the timings of NSE pre open market, type of orders allowed and executed for trading, Also check the market timings for pre open, regular trading and block deal session…
National Stock Exchange does have a pre open duration of 15 minutes which is from 9:00 to 9:15 AM in all market days except during NSE holidays, and the session does have a comparison of order collection and order matching period, and there is a price band which is applicable for the National Stock Exchange Pre Open Session of 20% on their product added.
The order collection in the National Stock Exchange Pre One will be only for 8 minutes in which one can get the ordinary, cancellation and modifications, Once the 8th minute has come the order must be entered along with having done the modification or the cancellation.
The very next order matching period does start once the order collection period has been done, and then after orders are matched at the equilibrium price which will be open, below is the sequence at which the matching does happen.
- Limited order does get matched with the eligible limit orders
- Residual Limit orders are then matched with market orders
- In here, the market order must match with market orders
NSE Pre Open
The pre open market trades of NSE are done through the computer based system which does include the trading system and electronic communications, and there are two basic types of order which are placed in the market.
Market Orders: These is when the price of the order is no specified during any selling or buying, such order is executed as per the market value rates
Limit Orders: These are when the price of the order and quantity are being derived with respect to their buying or selling price, and these get executed when the matching orders are found in the National Stock Exchange Pre Open.
If you are interested in getting through the National Stock Exchange Pre Open maket trades then you must be check about the timing which is clearly described below, and the one who is making a trade must be aware of everything they can consider.
NSE Pre Open Market Time
|09:00 AM to 09:08 AM||8 Minutes||These first 8 minutes of the NSE Pre Open market are known as Order Collection Period, and in this period the orders can be entered modified or cancelled.|
|9:09 AM to 9:12 AM||3 Minutes||This is an order matching period and as well as trade confirmation period, during these periods the orders are confirmed based on the price identification method, the equilibrium price determination or call auction does match the price derived. These modifications or cancellation of the order cannot be done through these periods|
|9:12 AM to 9:15 AM||3 Mins||Referred to as a buffer period, and this period facilitates the transition from pre open to normal market|
Share Market Timings
|8:45AM to 9:00AM||15 Mins||Morning Block Deal Window|
|09:00 AM to 09:08 AM||8 Minutes||NSE Pre Open|
|9:15 to 15:30||6 Hours 15 Mins||Regular Trading Session for Share Market for Normal / Limited Physical Live Market|
|14:00 to 14:20||20 Mins||Afternoon Block Deal Window|
|15:40 to 16:00||20 Mins||Share Market Closing timings|
Is the Pre Open or Normal Market Same?
The major difference between the normal National Stock Exchange market and Pre Open is their timing and the pre open market is all about guessing the product price to establish an equal price through Cal Audition to match the exact product price.
Can anyone include it in the National Stock Exchange Pre Open Market?
Yes, if your trade have got any access to the tools that are used to communicate with the National Stock Exchange, and in such conditions, people use the pre open market and make use of the time to start their trading earlier before the market values have been started.
Is the National Stock Exchange Open on Saturday?
As per the NSE pre open timing form the National Stock Exchange, it is open only during the weekday and will be off during the Saturday and Sunday, and if any special trading sessions are planned, the National Stock Exchange market can work on weekends as well