Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 01 Apr 2013, 06:04 AM

Ananth,

We will look at having videos soon, but to help on your query.

1. Use limit buy order with price at 95.

2. Once executed, use limit sell order with price of 110. This is your target order.

3. Open Sell order window, in the drop down choose SL-M order, mention trigger price as 90. This becomes your SL order with trigger as 90.

You will have to manually cancel one order if the other order is executed. But note that because you are placing 2 exit orders for 1position that you have, the margin requirement will go up in case of options. Check this blog for more: http://www.zerodha.com/z-connect/blog/view/margins-2-exit-orders-for-1-position

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