Hi, suppose I have 30000 rupees and want to trade in Future and options , of a share priced at rupees 25000 and market lot of 250 . I want to use BO, also if I divide 30000/250 , it comes as 120 per share so that will be my maximum loss per share. Also trailing stop loss will be at rupees 5. So how to put all this in the kite mobile app as I’m a bit confused about the BO settings in kite. I don’t have access to computer. Thanks.
you can check complete info with screenshot in kite user manual from the following link
Something wrong with your question.
You said share price 25000 and market lot 250 .
Lot size should be 25 not 250
Hello,
As per your example, lets take an example for Eicher Motors Future.
Eicher Motor Mar Fut is currently trading at 24200 and has a lot size of 25. Lets calculate the margin required for a BO order from the BO calculator. If you place a stoploss of 1%( Rs.240 lower that your buying price), you will get a maximum leverage of 55.6 times and this position will require approximately Rs.11,000 as shown below.
Now, let’s keep a target of 1% as well, that is Rs.240 higher than your buying price. Target would be at 24,420.
Now lets place this order in Kite Mobile-
You have to ensure to place the Absolute Value in Target and Stoploss. You should not enter the stock price but only place the absolute value of Target and Stoploss.
Since we are placing a Stoploss and Target of 1%, both these values will be 240.
Once your BO is active, you can modify your Target and Stoploss from Orderbook.
You can also place a trailing stoploss of 1 if need be.
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