+ Expand AllBracket Order FAQ's
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QWhat is a Bracket order?A
A bracket order is a combination of a stop loss order to reduce your loss and a book profit order to take profits. This is placed along with the main order in the same order form.
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QHow it works?A
You want to buy stock at Rs. 100 and to reduce loss want place stoploss order Rs.2 below LTP and want to book profit @ Rs. 104. To do so you can place buy order at Rs. 100 with a spread of Rs. 2 and book profit as 104.
Example1
Order type : Buy Trailing stoploss order
Current Market Price : 100
Buy Price : 100
Spread : 2
Book Profit : 104
System will auto calculate stoploss price : (100-2) = 98
Once order is traded @ 100 system will trail your stoploss order as per table given belowTime 10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 Stock Price 100 101 102 101 100.5 102 103 104 Trailing Stoploss order 98 99 100 100 100 100 101 102 Book profit 104 104 104 104 104 104 104 104 
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QWhat is spread?ASpread is the difference that you want to maintain between stoploss order trigger price and market price.
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QWhat happen if market price goes up after placing a BUY order?A
Stoploss trigger price will increase after maintaining the spread difference between stoploss trigger price and market price, Book profit order will remain unchanged.
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QWhat if market goes down after placing a BUY order?AStoploss order trigger price will not go down, it will remain same. No change in stoploss order trigger price, Book profit order will remain unchanged.
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QWhat happens when price reaches stoploss trigger price ?AOnce the price reaches the Stoploss order will get triggered and your position will get squared off at prevailing market price. The book profit order will get cancelled automatically.
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QWhat happens when price reaches book profit price?ABook profit order will get traded and stoploss order will be automatically be cancelled.
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QWhat happens if I place start trailing at price above the market price?AIf you place “Start trailing at When Market Price Reaches” price above the Leg 1 price in case of Leg1 Buy order then trigger price will be trailed when it reaches the price you have mentioned. Similarly, in case of Leg1 Sell order you can place “Start trailing at When Market Price Reaches” price below the Leg 1 price & then trigger price will get trailed when it reaches that price.
For e.g
If you place an order to Buy 100 qty of ABC at Rs.100 & keep price of Rs.105 under “Start Trailing at When Price Reaches” with spread of Rs.5 then the trigger price will start getting trailed once the LTP crosses Rs.105 & stop loss will be mentioned as Rs.100 (105 - 5). Similarly if you place the Sell order of 100 qty of ABC at Rs.100 with Rs.95 under “Start Trailing at When Price Reaches” & a spread of Rs.3 then the trigger price will start getting trailed once the LTP crosses Rs. 95 & Stop loss will be mentioned as Rs.98 (95 + 3). -
QWhat is the validity of Bracket orders?AIt’s valid for the day only.
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QIs Bracket order available for all exchanges?AYes you can place order in NSE and BSE both.
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QIs Bracket order available for cash and futures segment?A
Yes.
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QCan I place sell orders with Bracket order orders.A
Yes.
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QIs there any addition charges for Trailing Stoploss facility?A
No this facility is available to all online clients without any additional charges.
Disclaimer: Trailing Stoploss orders or Bracket orders which are intended to limit losses or book profits may not be sent to the Exchange due to a possibility of slow or delayed or incomplete/missing tick by tick price or any other such system/network requirement which is beyond our control. This may result in delay in processing or not processing buy or sell orders. In such cases KSL shall not be held responsible to compensate the client against the resultant loss (actual/notional).
- Mandatory by SEBI
- Easy Portfolio Management
- Security of Equity Investments.
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