Frequently Asked Questions

Trailing Stop loss means that when the market price of the equity or future moves towards your target price (book profit price), the stop loss price is revised accordingly.

Yes, it is mandatory to mention a book profit price to complete the bracket order.

The trail will take place at the same tick rate of the underlying stock/contract. For example: For a nifty contract, the minimum movement is 0.05, and hence, the same will be the minimum movement for the trailing stop loss.

Bracket order is not available on Mobile app and ProTerminal as of now. However, we will soon be coming up with the order type on these platforms.

Bracket order can neither be squared off from mobile app nor ProTerminal. You need to login in to ITS to square off / modify a bracket order.

The second leg pending order is cancelled by default when you convert the bracket order to delivery. However, if someone do not want to cancel it, one can untick the default option.

A type of cover order where you can place a profit and stop loss order while entering the first position. This will help you minimize the risk.

Yes. All the orders will be placed at one go, however if Book profit price is achieved Stop loss order is cancelled and vice versa.

No. As bracket orders are a type of cover order,the validity of bracket orders is only for the day and hence, cannot be carried forward. If both the stop loss and book profit orders do not get triggered during the day, then the order would be squared off automatically at 3 P.M.

No. Bracket order can be placed only in specific securities allowed by our RISK team.

There is no separate privilege for Bracket orders if user already has privilege for placing cover orders.

Bracket order is available both for cash and future segment

When the market price of the stock/contract starts moving towards the target (book profit) price, the stop loss price also starts trailing towards the target in the same tick rate. However, the trailing stop loss price movement is uni-directional, meaning that the stop loss price will only move towards the target price when the market price increases. If the market price of stock/contract moves away from the target, the stop loss price does not get affected.

Trailing Stop-loss order trigger price will not be revised, it will remain the same. The trailing stop-loss trigger price and book profit orders will remain unchanged.

No, the book profit or trailing stop loss order cannot be cancelled.

Yes, the book profit or trailing stop loss order can only be modified to market price.

Yes, the order can be converted to delivery or be converted to an E-margin position.

Margin is charged as per the cover product functionality for the respective segment.

You can square off or convert to delivery position created under bracket order till 3.15 P.M., beyond which the position will be automatically squared off.