Published Oct 17, 2024
Bracket Order (BO)
A bracket order allows you to enter a new position along with a target and a stop-loss order simultaneously. Once the main order is executed, the system will automatically place the other two orders (Stop Loss and Target). Similarly, as soon as one of the pending orders (Stop Loss or Target) is executed, the other order will be automatically canceled.
Placing a Bracket order:
1. Place a limit order, to enter a position.
2. Place a Target Price / Square Off Price by choosing LTP / ATP as per your reference in the first column and absolute / tick in the second column.
3. Place a Stop Loss Price by choosing LTP / ATP as per your preference in the third column and absolute / tick in the fourth column.
4. Click on Submit.
5. As soon as the order is completed at your given limit price, simultaneous Target and SL order will be placed, which can be seen in Order Book. (F3)
6. To square off Bracket order Position, open order book (F3) >> select any 1 pending order >> click on EXIT.
7. Square off order will be completed at the Market rate.
Notes:
South Asian Stocks Ltd. : NSE Member Code 09073, BSE Member Code 6329, MCX Member Code : 55215 , NCDEX Member Code : 1233 NSDL : IN-DP-474-2020 . SEBI Registration No. INZ000164738
Compliance Officer: NSE,BSE,MCX,NCDEX,NSDL : Mr RK Jain , 011-40409999 support@stocko.in
Registered Office : 3rd Floor, Building No.5, Local Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station. East Delhi – 110092
For any complaints related to South Asian Stocks Ltd email at complaints@stocko.in
Please ensure you carefully read the risk Disclosure Document.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective communication, Speedy redressal of the grievances