Comment on Margins- 2 Exit orders for 1 position

Sathish001 commented on 12 Nov 2015, 09:03 PM

Small clarification, while placing 2 Exit orders for 1 position, can we place a stop loss order at Market price and place a profit target order also at market price using trigger price. I see in some places you have mentioned market price for stop loss order & limit price for profit target order. Is there additional margin requirement for placing market price order for both exit orders. I would like to use market price to make sure the trades will be executed for sure while hitting the trigger prices.
Eg: I buy 100 qty ABC stock at 100 RS. Place a stop loss order for 100 qty at 98 RS using market price & place a profit target order at trigger price of 104 RS using market price. Does it require extra margin for the second exit order(Profit Target Order)??

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