Yes. The minimum & maximum difference between trigger price and limit price is defined as per Risk management Policy of AxisDirect.
Eg: If minimum difference between trigger price and limit price is 1% and maximum difference is 3%. To place a Buy cover order for 25 NIFTY FUT, first leg will be ‘Buy’ market order for eg; Rs 8400 and 2nd leg order will be ‘Sell’ stoploss limit order where the Trigger price would be for eg; Rs 8340 and limit Price would be minimum Rs 8256.60 (difference between trigger price and limit price Rs 83.40, 1% of 8340) and maximum Rs 8089.80 (difference between trigger price and limit price is Rs 250.20, 3% of 8340)



India
NRI



