When will my limit order get executed as a market order?

Your limit will get as a market order if,

  • For buy : Limit price you have set > Price offered in the market
  • For sell orders: Limit price you have set < Price offered in the market

For example, if you place a buy limit order with a limit price of ₹100 and the is trading at ₹95, the limit order will get executed at the market price of ₹95. Similarly, if I place a sell limit order with a limit price of ₹100 and the share is trading at ₹105, the order will get executed at ₹105.