Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 15 Feb 2014, 12:04 PM

Ritesh,

Yes once your target is met, and if the price drops your SL at 5980 also gets executed. That is the limitation.

The order type, where one cancels other that you are talking about is called a “Bracket Order”, and unfortunately exchange considers them as an algo, since one automatically cancels the other. We have been fighting out at the exchanges saying it is an important feature to have, and hopefully we will get approvals for this one day.

Cheers,

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