Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 15 Jul 2013, 11:15 AM

Shaf,

When you choose cover order to buy a stock at 100,

Your order will be placed at market price to buy when nifty is at 100,

The trigger has to be placed in the range of 95-100 to ensure that if there is a loss happening your stop loss is hit. This trigger has to be in the same range shown there.

So you can place a trigger at 95. So if it makes a loss, it will get squared off at 95.

If it goes up, you cannot place a limit order at 105, you have to as mentioned in the blog click on the pending stop loss at 95 and click exit to square off at market price..

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