http://www.traderji.com/brokers-trading-platforms/47790-zerodha-554.html#post625495
Quote:
Originally Posted by bestnifty
I couldnot understand. Are you telling just because we use cover order we can buy with the margin of Rs.4000 one Nifty Future(regular 50 ) lot ?
Please clarify Zerodha ..
Cover Order is include 2 order, for example, if you want to buy NIFTY @ 4700 and you want sale as stop loss 4660, Its mean you want bear maximum 40 Pts loss, so you need for one lot 40*50= Rs 2000, but safety factor 2 time so its Rs 4000 margin for trade, the stop loss ordre is market order(its mean if 4660 triggered than it may be sold @4650 also) , and It can not be cancealed, but you can exit any time, its mean if NIFTY go up and trading @4730, and you want to trade, you can close your position with profit, or suppose NIFTY rate is 4690 , and you want to close your position, you can exit with 10 Pts loss.
Quote:
Originally Posted by bestnifty
I couldnot understand. Are you telling just because we use cover order we can buy with the margin of Rs.4000 one Nifty Future(regular 50 ) lot ?
Please clarify Zerodha ..
Cover Order is include 2 order, for example, if you want to buy NIFTY @ 4700 and you want sale as stop loss 4660, Its mean you want bear maximum 40 Pts loss, so you need for one lot 40*50= Rs 2000, but safety factor 2 time so its Rs 4000 margin for trade, the stop loss ordre is market order(its mean if 4660 triggered than it may be sold @4650 also) , and It can not be cancealed, but you can exit any time, its mean if NIFTY go up and trading @4730, and you want to trade, you can close your position with profit, or suppose NIFTY rate is 4690 , and you want to close your position, you can exit with 10 Pts loss.
