I would like to buy Nifty Futures automatically at a specific price above market price (SL-M) using Cover order (So that i can get the benefit of extra leverage) in MIS. But there is no SL-M option ? So if market price of Nifty Futures is 8700 and I would like to automatically buy at 8710 using cover order or automatically sell at 8690 using cover order what should I do ?
you can use Cover Order with Limit Order type and can place the limit entry price.