Comment on Bracket Orders & Trailing Stoploss (SL)

Determined commented on 30 Apr 2014, 08:43 PM

A very basic question … hope you won’t mind seeing it here..

Suppose NIFTY is at 6700, and I want to Buy. As for BO Entry, only Limit orders (and not Market) are possible, I place Limit order at 6710 with a SL of 5 points. Now in this scenario,

1. What could be the execution price? The best price available b/w 6700 and 6710, or 6710,– even though it may be above the current price?

2. In case it gets executed at Limit of 6710 only while the market actually falls to 6695, my SL-M will be at 6705. Could this mean I end up Buying at 6710 and exiting at 6695?

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