Comment on Stop Loss orders - Limit/Market

Ajay commented on 11 Nov 2015, 12:17 PM

Respected Sir, I have some query relating to SL-L and SL-M orders please help me understand it .
I am not available during the market hours to track the entire market , so what i basically do is, i use the past data of some selected stocks and calculate a buy and sell level for the said stocks, for the next trading day .
Now , what i want to know is that suppose for a stock XYZ i want to place a AMO buy order @800 and a AMO sell order @803 simultaneously, for intraday , then how can i do that??. Please remember that i strictly want my orders to be executed at this rates only or else it should be pending , then which order should i place SL-L or SL-M and at what rates ?? , to meet the above buy sell levels.
Moreover ,as i said that i will not be available during the market hours so i am ready to bear the loss if my sell triggers @ 803 but not the buy level and at 3.20 p.m. the price moves up ,and vice-versa for buy level.

Please reply and clear my query , this question may have been put forward to you in past also , but please do reply as i have not gone through each and every post above. It’s important for me please reply.

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