SL-M Order CONFLICT WITH FIXED TARGET SELL ORDER IN BANK NIFTY CALL/PUT

Zerodha Zerodha platforms
1

@Siva @AlgoGeek

Please consider the following scenario:

I want to do all four of the following actions within 1 minute.

I BUY 200 Qty Bank Nifty CE at Rs 100 as MIS Order and the BUY is executed.

I want to place a SL-M Stop Loss at Rs. 90

I want to place a SELL order to sell 100 Qty at a fixed target of Rs. 110

I want to place another SELL order to sell the balance 100 Qty at a fixed target of Rs. 120.

WHAT WOULD BE MY KEYBOARD ACTIONS FOR THE ABOVE?

My present problem is, after buying and after placing the SL-M order at Rs. 90, when I am trying to place my first SELL order at Rs. 110, the system is REJECTING it.

Kindly guide me through the steps please.

Do I do this from the B/S buttons on my watchlist, or from the TRADE button at the top corner of the chart or PopOut Chart?

Thanx in advance.

2

I guess this is because u need to modify the initial stoploss order qnty to 100 and then place a new sell order. Similar for the second exit

3

I see.

So should my sequence of actions now look as below?

BUY 200 Qty Bank Nifty CE at Rs 100 as MIS Order and the BUY is executed.

Place a SL-M Stop Loss FOR 100 QTY at Rs. 90

Place a SELL order to sell 100 Qty at a fixed target of Rs. 110

The SELL order for the first 100 Qty is executed at 110

Cancel the previous SL-M order

Place NEW Sl-M order for 100 Qty at Rs. 90 again

Place another SELL order to sell the balance 100 Qty at a fixed target of Rs. 120.

…

Is the above sequence correct?

Kindly respond please

Regards

4

Use GTT instead,check this anyhow no leverage is given to buy options so use nrml as gtt is available in nrml only.