Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 28 Nov 2013, 10:59 AM

Not possible in cover order, you can do this on MIS. Check this blog on how to place stop loss orders.

1. enter into the position, so you either sell limit or market when the stock [email protected] 600.

2. Place a limit buying order at 590 for booking profits.

3. Place a buying SL order with trigger price at 605 for stopping loss.

The only thing you need to make sure is that you have to manually cancel one if either the target or stop loss order gets executed.

In CO, you cannot place a target order as explained in the blog above, you have to modify the SL to exit positions.

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