Bracket Orders (BO)
are designed to help limit your loss and lock in a profit by “Breaking” an order with two opposite side orders. A Buy order is bracketed by a high-side sell limit order and low side sell stop order. A sell order is bracketed by a high side buy stop order and a low side buy limit order.
are very useful for intraday traders who are trading with discipline. Since BO product are mean for intraday, client love to square up there position by 3:15 pm otherwise RMS will square up same at 3:15 pm.
Cover Order (CO)
is basically two leg order. Buy order is followed by sell order stop loss and vise versa. It is highly useful to an intraday trader who wants high leverage and also trades with discipline. Since cover order is meant for intraday trades, the trader has to square up their position before 3.15 otherwise RMS will square up the position at 3.15.
* Note :
If the position is squared off from the RMS end, Call & trade charges of Rs. 18 will be applied. Client have to square up their position by 3:15 pm otherwise RMS will square up same at 3:15 pm.