India
NRI
ABOUT COVER ORDER
Cover order is an intraday product where you place two orders simultaneously, the first order as market order to create position and the second order is an opposite order to restrict your losses. It is easy and convenient to place both the orders together.
For every position, you are required to define Trigger Price (stop loss) resulting into limited downside. Hence limited margins will be blocked for creating the position. This facility allows you higher leverage to create more positions with same funds and at the same time restrict losses in case of unfavorable movement.
BENEFITS
-
Higher Leverage
Get higher leverage onIntraday positions
on Index & Stock Futures -
Capped Losses
Minimize your losses with a
compulsory Stop Loss order -
Extended Timing
Now trade from
9:15 am to 3:15 pm
MARGINS CHARGED ON COVER ORDER FEATURE
