How to place a Cover Order (CO)?
A Cover Order is an advanced intraday two-legged order.To put it simply, a Cover Order (CO) is a combination of a market order and a stop-loss order. You can buy or sell a stock as a market/limit order and additionally have the ability to specify a ‘SL Trigger Price’ and ‘SL Price’ to reduce your exposure to market risks.
Order 1: This can either be a Limit or a Market Order. All you have to do is enter the Price you would like to purchase a particular stock. If you would like to place a market order, then keep the price as 0.
Order 2: This is the stop-loss leg where you need to define the SL Trigger Price and SL Price. You can also utilize a trailing stop loss. A trailing stop loss is basically a stop loss that keeps on changing depending on price movement. To illustrate, if you have bought HDFC stock at ₹1033 and the SL Trigger Price is set to ₹980, If the stock price rises to ₹1100 the SL Trigger Price will also rise by ₹53 to ₹1033. Therefore, a trailing stop loss always maintains the same price difference.
The same goes for Sell Cover Orders, however it is practiced inversely.
How to place a Bracket Order (BO)?
A Bracket Order (BO) is an advanced intraday three-legged order that is accompanied by a compulsory Target and Stop Loss Order. Order 1: This can be either a Limit or a Market Order. All you have to do is enter the Price you would like to purchase a ...
How to place a Stop Loss order?
A stop-loss order is usually placed to minimize losses on a position. It allows you to place an order only when the market price of the stock reaches or crosses a specified price point also known as the ‘SL Trigger Price’. There are 2 types of ...
How can I place a order a day before the trading session (AMO Order) ?
Follow the below steps to place an AMO order: Click on the stock you want to place an order Click on Buy to place an order Select product as Delivery or BNPL Select order type Regular or SL & add the quantity Click to buy button Your order will be ...
How can I place a buy / sell order?
To place a Buy/Sell order: 1) If you have already added your desired stock to your Watchlist, then simply click on it and click on Buy or Sell. 2) Enter the quantity, price and choose the product type and order type. 3) You can then click on the Buy ...
Why was my redemption order rejected?
There are different reasons for rejection of redemption order. Reasons are as follows: 1. If units are under Lockin Period then you can place redemption order post completion of Lockin period. 2. If the units are under Pledge, then first you will ...