Absolute values are the magnitude of a real number without regard to its sign. It has nothing to do with decimals. So yes, go ahead, you can use decimals as well.
And can we use B.O like the way you did in suzlon from KITE & PI both the platforms?
And are all bracket orders compulsory Limit orders only? We may exit at Market price if TARGET is not achieved. But a fresh bracket order needs to be placed as a LIMIT order only? Unlike cover orders which can be bought at market price too?
Yes, you can use it the same way on Kite and Pi, select absolute value in Pi and use it just like on Kite.
Yes, all BO entry and target orders are limit orders and the stoploss order is a market order. But yes, like you said, you can also exit a BO at market price.
Hi,
I am using the bracket order for Nifty options. What I found is, even though I input the stop loss and target price, once the order is executed, the resulting orders are not reflecting the price which I have given. Rather it is taking the intra day limits for stop loss and target.
E.g For Nifty 10800 CE , I put buy order at 125 , stoploss at 111 and target at 138. Once the CE is bought, the stop loss is showing 16.8 as the limit and the target order is showing 274 as the limit price. So the user needs to re-enter the limits again. This defeats the purpose of putting the prices upfront.
Please clarify whether I am making any mistakes here, otherwise what should be the solution to reflect the price what is given while ordering.
For your order of 10800CE at spot price of 125
you should have put stoploss of 14 & target of 13.
So when the price will fall to 111 your order will be executed and incase it is going up it will be triggered at 138. Hope this clarifies.
yes it is still there. it can’t be less than 1 or in decimals like 0.5 or 0.25 which would have been great in few stocks where price movement is very low.