Comment on Stop Loss orders - Limit/Market

Girish commented on 11 Nov 2014, 04:42 PM

In options, suppose if index nifty CE 8500 is trading @114, I want to buy it when this value goes up to 120. As per the articles n explanation provided on ur website, I understand that I have to use SL-M for this kind of order, so system will buy it when the value clicks on 120.
My doubt is why use SL-M and why not SL-L? Whats the basic difference between SL-M and SL-L? As said value is at 114 and if it reaches 120, logically Market or Limit order should not matter is my guess. Please guide.

View the full comment thread »