Option Plus

What are the details for a cover SLTP order?

The details for a cover SLTP order are as follows: 1. Exchange 2. Contract Details 3. Action (Buy/Sell) 4. Quantity 5. Order Type - Limit 6. Stop Loss Trigger Price 7. Limit Price The first 5 values would be automatically picked up from the Fresh order details. The Stop Loss Trigger Price value is required to be entered by you which would be the trigger price and the order gets activated once the market price of the relevant security reaches or crosses this threshold price. The value for limit price would automatically appear in the Limit Price field based on the margin requirement for the stock between the Limit Price compared to the Stop Loss Trigger Price (SLTP). Please visit the Stock list page of Options Plus product to see details on the margin requirement for your respective transaction.