Comment on Cover Orders - For Higher Leverage

Vijay Paruchuri commented on 02 Sep 2015, 02:19 AM

Hi Nithin,

I appreciate you efforts in empowering small investors in many ways!

I have one request from my side. Currently, CO is allowing only market orders. However, I would be excited to have limit orders as well. For example say XYZ stock is trading at Rs. 100. However, I am interested only to buy at Rs. 95. Due to my office work, I cannot monitor the stock whole the day to buy it at Rs. 95. So, what I would like is I place a limit order for Rs. 95 while specifying the SL percentage in the prescribed range. So, when the I get the stock, a SL order is also placed automatically as per the specified SL percentage.

Hope you will consider my request.


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