today i tried to place one buy bracket order say 2/- above the CMP. but it got executed at CMP. i heard that bracket orders are limit order. confused. if those are limit orders, u cannot place orders which need to get executed in sudden movement of market.
If you place an order to buy something at a price higher than what its trading, it’ll get bought at the market price. To place such an order, you’ve to use the SL order.
You use a limit order to place a buy order at a price lower than what’s prevailing in the market.
Bracket order: Entry order can be limit/market. Read more on the blog here : http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/bracket-orders-trailing-stoploss-sl
it is very surprising that sharekhan has this facility, to buy above CMP (ofcourse, when it reaches there) and till then the trade do not get executed. Sharekhan bracket orders allows you to 1) place an buy order above CMP, 2) with a target sell price and 3) a stop loss with trailing facility…all in one order.
it is frustrating that Zerodha don’t provide such facility. what Zerodha offers is 1) if your want a trailing stop loss, go for bracket order at CMP, 2) if you want to place a stop loss (which can not be modified than its mentioned range while placing order, funny) go for a cover order at CMP with SL and separate sell/buy order as target order, 3) if you want to buy/sell at specified price use CNC/MIS order with SL/SL-M order type, then if the order gets executed then place a separate order for SL and another one for Target by blocking Margin.
Why Zerodha Can’t offer what Sharekhan is offering.
it is very surprising that sharekhan has this facility, to buy above CMP (ofcourse, when it reaches there) and till then the trade do not get executed. Sharekhan bracket orders allows you to 1) place an buy order above CMP, 2) with a target sell price and 3) a stop loss with trailing facility…all in one order.
it is frustrating that Zerodha don’t provide such facility. what Zerodha offers is 1) if your want a trailing stop loss, go for bracket order at CMP, 2) if you want to place a stop loss (which can not be modified than its mentioned range while placing order, funny) go for a cover order at CMP with SL and separate sell/buy order as target order, 3) if you want to buy/sell at specified price use CNC/MIS order with SL/SL-M order type, then if the order gets executed then place a separate order for SL and another one for Target by blocking Margin.
Why Zerodha Can’t offer what Sharekhan is offering.