Comment on Stop Loss orders - Limit/Market

Praveen commented on 06 Jun 2014, 09:37 AM

hello sir sorry to ask u this type of silly question but i have doubt in stop loss buy or sell orders

Please tell me what will happen in this case

Lets say ICICIBANK is trading at 1470. I want to buy it only above 1480 or i will short it only below 1460. Now let say i put a SL buy order of 50 shares of ICICIBANK at 1480 and put another SL sell order of 50 ICICIBANK at 1460. Now lets say both of my orders are pending but after 1 hour buy order got activated then will my SL short order will act as target order, because i bought ICICI at 1480 and system may think my Stoploss short order as target order and sell my ICICIBANK shares at best 5 bid offer then i will suffer a loss.

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