Comment on Margins- 2 Exit orders for 1 position
commented on
09 Mar 2013, 01:59 AM
Bijender, The basic idea is to let you know that if you are holding a position you can place both target order and Stop loss order without the need of extra margin…
So assume you have 10k in your account and you about 1lk worth of [email protected] using product type MIS, You can place a limit selling order at 1010 and stop loss order at 990 without any extra margin..
A lot of people think that for the 2nd exit order, you need extra margin and this blog explains that it is not except for options..