Comment on Bracket Orders & Trailing Stoploss (SL)

V.Santhosh commented on 17 May 2014, 09:43 AM

Hi Nithin

Thanks for your reply for my query posted on 14 May 2014 at 08:57 PM. Again I have one doubt, taking the example of Mr.Krishnan- originally he bought nifty @6958 and closed his terminal. His target got executed at 7033. And then when the nifty drifted down to 6938 – his stop loss SELL order got triggered and executed. Since there is no corresponding BUY order against that 6938 sell order – WHEN THE CORRESPONDING BUY ORDER WILL GET EXECUTED TO SQUARE IT OFF 6938 SELL ORDER – IS IT IMMEDIATELY AT MARKET PRICE (OR) AT 3.20 P.M AT MARKET PRICE? Further, suppose the Stop Loss is accompanied by TSL of say 2 points ,then the stop loss sell order will get executed at 7013 ? One more question- if the terminal is shut down and re-opened – will we be able to modify the stop loss order (or) we will be able to modify only when the terminal is NOT SHUTDOWN? Your explanation will be helpful for better understanding of the product.



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