Cover order allows you to place buy and sell orders for the same scrip, simultaneously. INFINI Power now enables you to place the first leg order as Market Order or Limit Order. The second leg order is a Stop Loss Order.
Since the Stop Loss Order is placed simultaneously, while taking a position, the risk is reduced. Because the risk reduced, the margin requirement also reduces considerably. Click here to check the scrips available and margins required for Cover Order
Find below a sample BUY Cover Order
Benefits of Cover Order
– Get leverage higher leverage on your intra-day position.
– Increases profit potential because of higher exposure.
– Minimises risk, as stop loss is compulsory
– Utilise the ultra-short term opportunity provided by the markets.
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