Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 04 May 2014, 06:43 PM

1. If you have already bought at 50 and want to exit at 70, you just have to place a normal selling limit order with price at 70.

2. If you haven’t bought anything yet and want to buy [email protected] 70, then use Stoploss buying order with trigger price as 70. Your order will be sent to buy only when call option trades at 70 or above, you can choose if you want this order to be sent as Limit or Market by choosing SL or SL-M respectively. If you choose SL, you will have to mention the limit price.

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