Trading

What is bracket order? How does this feature work?
  • A bracket order can be placed such that the parent order (Leg1) is placed with two cover orders of the same quantity; that is, the book profit trigger order (Leg2 | exit at target) and the loss exit order (Leg3).
  • The parent order (Leg1) is immediately sent to the Exchange and the book profit trigger order (Leg2) and the loss exit order (Leg3) are at application level and not sent to the Exchange.
  • Once the parent order (Leg1) is executed, the book profit trigger order (Leg2) and the loss exit order (Leg3) are considered for viable conditions; that is, the condition to check Leg2 and Leg3 touching the market rates.
  • Once viable conditions are in favour, either of the cover orders (Leg2 or Leg3) is generated and placed to the Exchange for squaring-off the position. For example, a normal Buy order placed at Rs 10 can be bracketed with a higher Sell order at Rs 15 (profit-booking order) and a lower stop-loss order at Rs 9 – 8 limit.
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related faq’s

What will happen to a MYGTD order when an event like a bonus or a split takes place on ex-date?
What is an EMF order?
Will there be two separate bills posted for NSE and BSE in the ledger summary report?
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Can I place a bracket order with MYGTD? How do I place a bracket order with MYGTD?
If I have sold some shares, can I use the cash projections there to buy other shares?
In Bracket order, what happens to book profit trigger order (Leg2) if stop-loss order (Leg3) is fired on reaching the price?
Can I place Cash order with MYGTD order validity during the pre-open session?
What is a SPAN margin?
Will the funds get directly credited In my bank account after selling the shares?
While placing a bracket order with MYGTD, can I place a stop-loss limit price as the market price?
In bracket orders, what if the cover order is fired and doesn't get executed; will it reconsider for viable conditions?
What is CNC order?
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When would orders for the unexecuted quantity of MYGTD orders be placed by Espresso?
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In bracket orders, what if the parent order (Leg1) is partially executed; will cover order be fired if the rates are reached?
What is MIS order?
What is MIS Plus Order?
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Where to check the leverage for MIS/ MIS Plus orders?
Can I convert my MIS order into a CNC order?
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What different types of orders can I place? 
What are the market timimgs?
What is trade for trade (T for T) segment?
How to cancel/modify in-process order?
Is it possible to opt out of interoperability as a client?
Can margin be changed during the life of contract?
How does the MYGTD order feature work?
Can I place StopLoss Cash orders with MYGTD validity?
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What is the meaning of the Expired order status?
What is Exchange Margin Funding (EMF)?
Where will the shares I have purchased reflect?
Where to see my obligation for the trades executed?
Which scrips are covered in 52 week high?
In Market Watch, what is Open Low?
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Can I place both Buy and Sell orders with MYGTD order validity?
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Where to see details of my orders?
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I purchased shares two days ago, still, the same is not reflecting in saleable quantity. Why?
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How much amount / margin is required to place any order?
Will Espresso give me margin on the shares I hold for trading?
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