Comment on Basket Orders - ZT

chella commented on 17 Jul 2015, 11:51 AM

Suppose if I intend to place an order as below:-
“15 contracts of Nifty July futures to be bought at the price level of 8385.
From the above 15 contracts bought, 5 contracts to be sold at 8400
Another 5 contracts to be sold at 8420
Balance 5 to be at 8440.
Initially a Stop Loss of say Rs.8370
If the first target of Rs.8420 is achieved, for rest of the positions the SL to be at buying level Rs.8385.”
Please clarify whether it is possible to place an order as described above at one go in advance and which trading platform offered by you, is suitable to place an order such as the one above.

Expecting that the price levels may quickly, whether ‘Algo trading’ with separate terminal help? And if so, what is the cost involved.

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