Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 26 Jan 2014, 01:32 PM

Peter,

If you place SL-M as an AMO, when the order first goes to the exchange on Monday morning, it will be like a market selling order if markets have come down as you have expected. What price it gets executed, will depend on the price of 6300 CE and 6400 CE when opens monday morning. So if 6300CE opens at Rs 28, your order will get executed at 28, so there is no guarantee at what price it will get executed as it will be just like a market selling order. Hopefully this clarifies.

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