Comment on Stop Loss orders - Limit/Market

rajat commented on 04 Nov 2016, 01:01 AM

Hi Mr. Nithin Kamath, I have been trading in Kite web version since few days now. When ever I place a SL-M order for buy it doesn’t activate. Example if current market price is 100 and my Trigger price is 95 when the stock moves against me to below 95 which is my trigger price. The SL-M order won’t activate at trigger price. I tried calling Zerodha Costumer care thrice now but not satisfied with there response. Last time I called the person from Zerodha told me that SL orders cannot be placed first directly, SL/SL-M orders can only be activated in counter order window. i.e, when there is already a completed previous MIS buy order is placed. Is this how SL-M/SL order works?

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