Yes, you can modify or cancel an AMO (After Market Order) in Angel One before it gets processed by the exchange. You can easily change price, quantity or withdraw the AMO from the app or website before market opens. It gives you more control over your trades even outside market hours.
What is an AMO and can I modify it?
An AMO (After Market Order) lets you place buy or sell orders after trading hours. Yes, Angel One allows you to modify the price or quantity of your AMO before the next market session begins. This feature is useful for people who can’t place orders during regular market hours, like office-goers or students.
How can I modify an AMO in Angel One?
To modify an AMO, open the Angel One app or website, go to ‘AMO Orders’ section, select the open AMO you placed, tap ‘Modify’, update price or quantity, and submit. Your changes will reflect before market opens. This gives you flexibility to adjust your strategy even after placing the order.
Can I cancel an AMO placed earlier?
Yes, you can cancel an AMO any time before it is executed by the exchange. Just go to your ‘AMO Orders’, select the pending AMO, and tap ‘Cancel’. The order will be withdrawn before market opens. This is helpful if you change your mind or want to avoid a bad trade.
Till when can I make changes to AMO?
You can modify or cancel an AMO until the exchange cutoff time. On NSE and BSE, AMO window usually closes around 8:50 AM to 9:00 AM for equity. It may differ slightly for F&O and currency. So, it's best to make any changes early in the morning to avoid missing the chance.
What if I miss the cutoff time?
If you miss the cutoff, your AMO goes to the exchange as it is. You won’t be able to cancel or modify it. So always double-check your order details and make changes on time to avoid any unwanted execution.
Are there any charges for modifying or cancelling AMO?
No, Angel One does not charge any fee to modify or cancel an AMO. You only pay regular brokerage charges when the order gets executed. This makes AMO a safe and flexible way to trade even after market hours.
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