Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 14 Mar 2013, 09:54 AM

Lakshmi,

If you are buying stock without any levearge, use the product type as CNC while placing the order. But for doing this you need to have demat account with us as well.

Once you have bought the stock at 10000, you can put a CNC selling order at 10500 and CNC SL order at 9000. You will have to place this [order](http://www.zerodha.com/z-connect/blog/view/orders-place-modify-cancel-view) everyday though as exchanges will cancel all orders at the end of the day.

You can also place the orders using After market order the previous evening if you don’t have access to the markets during the market hours.

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