Is bracket order only for Intraday?

Bracket order is a type of market order that is placed during intraday trading only. Bracket orders are meant to help stock market traders square off a favourable position by the end of the trading session.

What is Bo in Zerodha?

The BO ID (Beneficiary Owner Identification Number) is a 16-digit number used to identify your Demat account. It is unique for every client.

What is bracket order in 5paisa?

A Bracket Order (BO) is an advance order type which allows traders to limit loss and lock in a profit. 5paisa offers advance order types like BO, Cover order and Stop Loss orders. Customers can choose these order types in the ‘Place Order’ window while placing orders to buy/sell.

What is a bracket order in trading?

Bracket Orders. Bracket orders are designed to help limit your loss and lock in a profit by “bracketing” an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order.

How do I use the bracket functionality?

Click on the Attach button to the right to reveal Bracket functionality. By checking the Bracket box, users will see that the Profit taker and Stop Loss fields are automatically checked. Enter the desired values for the Profit Taker Limit order. And enter the desired Stop Limit sell order price.

What is the margin required for bracket order?

The margin required for Bracket Order is half of normal MIS intraday trading orders. Bracket Orders are available only for Equity and Currency. They are not available for Commodity Trading at MCX. Not available for trading in Stock Options, Currency options, and Commodity options.

What is a bracket order in Asell?

A SELL order is bracketed by a high-side buy stop order and a low side buy limit order. The order quantity for the high and low side bracket orders matches the original order quantity. By default, the bracket order is offset from the current price by 1.0.