What is AMO order

What is an After Market Order (AMO)? An AMO is a type of order which is placed by the investor when the market session is closed. This order gets placed on the exchange at the opening of the next market session. Note: Timing to place an AMO is between 5:00 pm and 9:00 am for NSE, NFO and Currency segments.

How does AMO order work?

AMO is for those customers who are busy during market hours but wish to participate. In post market hours trading, one need not actively track the price movements of a stock during market hours. You can plan your orders at leisure after doing research before the market opens the next trading day.

Can we sell in AMO order?

AMO orders are allowed for all product types (CNC/MIS/NRML) except for CO. Stop loss Market(SL-M) orders aren't allowed for options contracts using AMO. However, you can use a GTT order instead to place a stoploss during non-market hours. On weekends and trading holidays, AMOs can be placed at any time.

When Amo order is executed?

After market orders (or AMOs) are orders that are placed after the stock market is closed. It's important to note that the orders are just placed and not executed. Orders can only be executed during the market hours (that is 9:07-3:30 pm).

Which is better AMO or pre market order?

If there are people who have placed orders before you, your order will be executed only if the orders placed earlier gets filled. Placing a pre-market order has a better chance of being executed than an AMO.