Quick Answer: What Is Bo And Co In Zerodha?

How can I sell stock without buying in Zerodha?

The stock market allow the investor to sell a stock without owning it.

This can be done by short selling in the cash market.

But the short-selling can be done only with intraday trading.

Thus if you sell a stock in the morning than you are required to buy it by the end of the day or say before the market close..

What is CNC in Zerodha?

Cash and Carry (CNC) is used for delivery based trading of equity. Using CNC product code you will not get any leverage nor will your position be auto squared off. … Note: CNC is just a product code. If you use CNC to buy and sell a share on the same day, it will still be considered as an intraday trade.

What is validity in Zerodha?

Validity in Zerodha Kite means the time till an order placed is valid. There are options like Day orders (valid till the end of the day), Immediate or Cancel orders and GTT (Good Till Triggered orders).

What is a co order?

A closing offset (CO) order is a type of limit order that a trader can place during the trading day for execution at market close for that day. … A CO order is particular type of limit-on-close (LOC) order, and may be contrasted with limit-on-open orders or market-on-close (or open) orders which do not specify a price.

Why Zerodha is not given margin?

NSE/BSE Equity: Zerodha has a policy of giving up to 20 times exposure on a broad spectrum of stocks; no margin is given for delivery trades. The client needs to have enough money in his trading account to take delivery of shares failing which Zerodha can cut the position.

Why are Bo and co Orders blocked?

BO and CO are blocked in currency options because they are already highly leveraged and allowing more leverage on it is highly risky to you as clients and us as brokers.

What is GTT in Zerodha?

GTT is a feature which allows you to set a trigger price, such that; if your trigger price is hit in a future date, a limit order will be placed on the exchange as per the limit price and preset conditions set by you.

What is difference between bracket and cover order?

A cover order is a 2 legged order with an initial order and a stop loss order whereas a Bracket Order is a 3-in-1 order with a initial order, stop loss order and a target order.

How does Bo work in Zerodha?

The first order is Limit Order to 940 points, the 2nd order is Target Order to 950 points and the 3rd order is Stop-loss 937 points. The system will square off the order as soon as it hits stop loss or target. … Trailing Stop Loss in Zerodha Bracket Order: The best part of Zerodha BO is its trailing stop loss.

Can I exit bracket order Zerodha?

Modifying & Exiting a Bracket Order You can modify the target and SL by clicking on modify button on the order book (F3). You can exit open bracket order positions by either clicking on Target or SL and clicking Exit or modifying either Target or SL to market price.

How do I get out of CO?

A cover order is placed at market price and an SLM order will stay open in the order book. When you wish to exit your position, you have to exit the open SLM order from the order book at which time another market order of the opposite kind of your position is sent to the exchange and your CO is squared off.

What is Co and OCO orders?

Here, AMO stands for “After Market Order”, “CO for Cover Order” and OCO for “One Cancels the Other order”.

Can we modify cover order?

This risk-mitigating mechanism in Cover Order trading restricts the risk for an investor. This Stop-Loss Order can also be modified but cannot be cancelled.

What is Bo co order in Zerodha?

Both BO & CO are intraday products & will be squared off by 3:20 PM. If the markets are very volatile, BO & CO orders can be squared off earlier by notifying the same to you. COs aren’t allowed on BSE stocks, stock options, and currency options.

Is Bo blocked in Zerodha?

Update 11.15 AM: BO and CO orders have been unblocked. However, margins for BO and CO orders will be higher than usual. Bracket & Cover orders have been blocked due to expected volatility for Equity, F&O, CDS, and MCX. BO and CO orders will be allowed once volatility subsides.

What is AMO in Zerodha?

After-market Orders (AMO): This facility is available on Zerodha for people who can’t actively track the markets from 9:15 AM to 3:30 PM. … So you could plan your trades and place your orders before the market opens. After-market orders can be placed on all the exchange segments.

What is bracket order?

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. A SELL order is bracketed by a high-side buy stop order and a low side buy limit order.

What is SL and SLM in Zerodha?

SL order (Stop-Loss Limit) = Price + Trigger Price 2. SL-M order (Stop-Loss Market) = Only Trigger Price. Case 1 > if you have a buy position, then you will keep a sell SL. Case 2 > if you have a sell position, then you will keep a buy SL.