Comment on Stop Loss orders - Limit/Market

Ritesh Bendre commented on 15 Feb 2014, 10:50 AM

Nithin ..i have one question…

Fir instance, say i buy Nifty futures at 6000 … i want to sell it at a profit of 50points…
I place a sell order at 6050 …but at the same time, i want to limit my loss to 20 points… so i put a SL at 5980 …

say i have to go out for some work, I leave the order as is,…now if 6050 comes and i get in profit of 50points,,,and then nifty falls 100 points to 5900 …does the SL order also get executed??

If yes, should’nt one order get cancelled if other hits? Pleas clarify …

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