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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:
- Open the Share.Market app
- Select the specific stock or contract
- Tap BUY or SELL
- Select your product type as Intraday and tap + Stop Loss
- Enter the number of shares or lots
- 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
- Review the order details and tap PLACE ORDER
Note: The trigger and limit prices should be within the circuit limits.
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