/content/icici-direct/en/fragments/faq-banner-fragment

Pre-Open Session

What are the pre-open session timings?

The pre-open session shall be conducted using call auction mechanism for duration of 15 minutes i.e., from 9:00 am to 9:15 am. The pre-open schedule shall be as follows:

h6
threeCol
Session
Time
Remarks
Strike Price
Option Type
Base Position Qty*
(A)
Contract Delta
(B)
FutEq Base position
(C)= (A)*(B)
Total FutEq Base Positions
(D) = Sum (C)
Order Entry Period
9:00 am - 9:08 am (*)

• Order entry, Modification and Cancellation

(*)System driven Random closure between 7th and 8th minute.

• Random closure of equity segment preopen & equity derivatives segment preopen will be independent.

0
FF
-10
1
-10
-5.20
Order Matching & Trade Confirmation Period
9:08 am (*) – 9:12 am • (*)

(*) Order matching period will start immediately after completion of order entry period.

• Opening price determination.

• Order matching and trade confirmation.

22400
CE
-10
0.52
-5.20
-5.20
Buffer Period
9:12 am - 9:15 am
Transition from pre-open to continuous trading session
0
FF
10
1
10
-5.20

Note: For index-based market- wide circuit filter breach or any outage (stopping of trading, either suo moto by Exchange or by virtue of reasons beyond control of stock exchange), the market shall open with a pre-open session and its timings shall be informed separately on that day.