When i make A SELL Positions on KOTAKBANK 1270 EQ QTY 100 SL 8 TARGET SL 10 POINT TARGET 10 POINT SO WHY IN TRIGGER SHOW 1404.15/1278 I UNDERSTAND CONCEPT OF BO BUT WHAT IS 1404.15 ?
ON TRIGGER IT,S HAPPENING TO DRREDDY ALSO TRADE ON 2668 BUT TRIGGER SHOW ABOVE 2900
BUT WHEN I MAKE POSISTION ON ASHOKLAY IT’S NOT HPPANING
The ranges which are showing in SL is maxing price of the circuit range, as per the exchange market orders are not allowed for BO product type.
Since no SL-M order is allowed to exit the position once it crosses the trigger price, to overcome this issue they have set 20% buffer from LTP because of that price is showing 1404.15 & trigger price of 1278. So whenever the trigger price crossed below 1278 for the next best available price order will get executed.