MIS - Sell and then Buy

[Ramamoorthy_Pandian]

In Zerodha, BO option is blocked sometimes because of the market conditions . During that time, I sold 100 shares in MIS and I wanted to place a SINGLE ORDER (OCO ) for buying 100 Shares. But I could not find any option. Finally I created two BUY orders - one for Target and the other one for STOP LOSS. The problem here is - After the target BUY order is executed, the other BUY ORDER is still Active. That means there are chances, the STOP LOSS ORDER also will be executed after this …

Is there a better way to avoid this problem ? ( BO will be the better option, but BO option is not always available )…

[ShubhS9]

@Ramamoorthy_Pandian

During that time, I sold 100 shares in MIS and I wanted to place a SINGLE ORDER (OCO ) for buying 100 Shares. But I could not find any option

GTT Orders aren’t available for MIS.

@Ramamoorthy_Pandian

After the target BUY order is executed, the other BUY ORDER is still Active. That means there are chances, the STOP LOSS ORDER also will be executed after this

Once your either Stoploss or Target order is hit, you can manually cancel the pending order which will eliminate this risk.

[Ramamoorthy_Pandian]

Thanks for your reply… That means we need to keep a track of this during the market. Since Zerodha is providing a very good trading platform, I thought it will have some better option ( other than manually tracking )…