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If you select 'Good for Day' your order will only be valid for that trading day. This means that if your order is not filled, or is only partially filled by the close of trading on that day, the balance of your order will be cancelled at the end of the trading day.
For example, On trade date 15-01-2015, you can place an order with GTDt order validity to buy 100 shares of RELIANCE INDUSTRIES LTD at a Limit price of 950 with order validity date 13-02-2015. Hence your GTDt order will be valid till 13-02-2015 if not fully executed.
Good Till Date Order Terms If you have ever placed a limit or stop order, you have see the ?Good Till Day? order term on the trading menu: A ?Good-Till-Day? order is simply one that will cancel at the end of the trading day if it does not fill.
Good-Till-Date (Date/GTD): The order expires at the end of the specified trading day. Good-Till-Expiry (Expiry/GTE): The order expires on the instrument's expiry date. Good-Till-Cancel (GTC): The order expires only when cancelled or after the maximum permitted order lifetime for that particular instrument type.
Good 'til canceled (GTC) describes a type of order that an investor may place to buy or sell a security that remains active until either the order is filled or the investor cancels it. Brokerages will typically limit the maximum time you can keep a GTC order open (active) to 90 days.