Are cover orders and bracket orders blocked for Banknifty and Nifty options? If so, can we trade via CO and BO for the rest including Index futures, equity futures and options, and equities?
BO/CO is blocked only for Banknifty options. It is not blocked for Nifty options, it’s very much available. Read more as to why BO/CO is blocked for Banknifty options in the link below:
Yes, you can continue placing BO/CO orders for Equity, Equity Futures as well as Index Futures/options.
Note: CO is blocked for Equity options as it’s a market order and market orders are blocked for equity options. Reason for blocking is explained below:
Thank you very much for the information.