A market order is an order which will be executed at whatever price a security is being offered for when you place the order or whenever such a stock becomes available. On a volatile stock or one that is only very thinly traded that may be substantially higher or lower than the last price which was known to you when you placed that order.

A limit order is a transaction which will only be executed if the stock is available at the price you specify or a better (more favorable to you) price. This should always be done when you place an order outside of regular trading hours whenever a company made a major announcement after the stock market closes and the stock opening price the next day may gap up or down substantially from the closing price the day before. It is a device to limit your chances to pay a price you did not want to pay when the stock actually trades again.

Neither one is specifically tied to intraday trading per se and therefore is applicable to any stock trade. But intraday traders need to be more careful of the price they pay as they intend to close out that transaction the same day and therefore are more likely to use limit orders, as even minor fluctuations can determine the gain or loss on that trade.

when we trade in share khan we have to choose one order type.

order type

1. market order - stop loss trigger price [here is option to add currency]

2. limit order - limit price [here is option to add currency]

so what is the mean of it??

which one is intraday??

thank you so much in advance