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How do I place a cover order ?

A cover order helps you trade and stay safe at the same time. You can use cover orders for intraday trading to manage your risks.
Follow these steps to place a cover order for equity or F&O segment:

  1. Open the Share.Market app
  2. Select the specific stock or contract
  3. Tap BUY or SELL
  4. Select your product type as Intraday and tap + Stop Loss
  5. Enter the number of shares or lots 
  6. Enter prices:
  • For buy orders: Set your trigger price, then set a limit price that is equal to or higher than the trigger
  • For sell orders: Set your trigger price, then set a limit price that is equal to or lower than the trigger
  1. Review the order details and tap PLACE ORDER

Note: The trigger and limit prices should be within the circuit limits.

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