Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 19 Mar 2015, 09:03 AM

1. If you are doing this as an intraday trade (using product type as MIS), it will not really ask for any additional margin to place both SL and exit orders (you need to ensure that there is atleast Rs 1 more than the margin required to enter the first position). But if you are trying to do this for delivery trades (CNC), you will not be able to place SL and sell order, it will ask you to check your holdings.

2. Trailing SL not on Z5
3. Equity trading for intraday the product type is MIS and for delivery it is CNC. So if you are trading stocks/equity then you have to convert to CNC (to do this, you will need 100% money required). If you are trading F&O, then you need to convert to NRML.

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