Roll Over term is applicable when a trader intends to carry his current month open position to next month. Roll over of the position is done by closing the existing month position and re-entering in next month position of same script.
Spread Order is a single order combined of two orders. It facilitates client doing a roll-over of existing position via a single special order.
Long position Scenario: If you are long on BankNifty current month contract and intend to roll-over to next month. Using Buy spread you will be able to sell your current month contract and simultaneously you can take long in next month contract.
Short Position Scenario: If you are having a short position in Reliance current contract and intend to roll-over to next month. Using Sell spread you will be able to buy your short position and simultaneously you can take short position in next month contract.
Spread order facilitates trader to do a Roll Over with fixed price.
(Place a Spread Order in Tradejini Nest Trader)
1. From Menu Bar → Click on the Orders and Trades Tab → Select Spread Order
2. Using the shortcut key: Ctrl + Shift + F1.
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