The Basket Order feature in the RMoney Rocket Web platform enables clients to place multiple orders simultaneously. This is particularly useful for executing strategy-based trades or for managing multiple positions efficiently. By grouping several orders into a single basket, clients can save time and improve execution speed during active market sessions.

Below is a step-by-step guide to placing basket orders on RMoney Rocket Web:

Step-by-Step Process to Place Basket Orders

1. Login to RMoney Rocket Web

• Visit the RMoney Rocket Web platform and log in using your Client ID and password.

2. Access the Basket Order Section

• Once logged in, locate the “Basket Order” feature on the platform dashboard from setting option.

Once logged in, locate the “Basket Order” feature on the platform dashboard from setting option.

• Click on it to start creating your custom basket.

3. Add Stocks or Contracts to the Basket

• Use the search bar to add the stock, futures, or options you wish to include.
• Select the instrument from the list to include it in the basket.

4. Enter Order Details for Each Item

For each script added, you will need to:

• Enter Quantity
• Select Order Type (Limit, Market, SL, etc.)
• Enter Price (for limit orders)
• Choose Product Type:
  • CNC – Cash and Carry (delivery-based)
  • MIS – Margin Intraday Square-off
  • Normal – For derivative trades like Futures & Options

5. Add Multiple Orders

• Repeat the above step to add multiple scrips or contracts into the same basket.
• Each order in the basket can have its own specific order configuration.

6. Modify Order

• If you need to update any order details, use the Edit option.
• After making changes, click on ADD IN to save the modified order back into the basket.

7. Review and Confirm

• After adding all desired orders, click “place order”.
• A confirmation prompt will appear. Review the details and click “Yes” to proceed.

8. Order Execution and Status

• Once confirmed, your orders will be processed.
• Navigate to the “Order Book” or check the Notification section to view the order status.

Note on Order Rejection

If any order within the basket is rejected, it could be due to insufficient margin or incorrect parameters. Please verify the order details and ensure your account has sufficient funds before placing the order again.

Advantages of Using Basket Orders

• Execute multiple trades in one go
• Saves time during market hours
• Helps in strategy-based trading (e.g., options spreads or multi-stock setups)

For more information, contact RMoney at 0562-4266600 / 0562-7188900 or email us at askus@rmoneyindia.com and Kickstart Your Investment and trading journey effortlessly with RMoney. Open your Demat Account today and take the first step towards smarter investing and trading!