Axis Direct Option Cover Order. For every position you are required to define Trigger Price stop loss. A Day order is an order which is valid for the day on which it is entered.
The purchaser of an option has to pay a premium whenever heshe purchases a contract. E-Margin - Buy on margin and square off today tomorrow or day after. In this case the pending part 100-8911 shares will get cancelled.
Cover Order is a two leg order.
Axis Direct is a brand under which Axis Securities Limited offers its retail broking and investment servicesTrading Member Axis Securities LimitedCINNoU74992MH2006PLC163204 SEBI Single Reg. Cover is a facility which helps to limit the losses if any on intraday trades. To place a Buy cover order for 25 NIFTY FUT first leg will be Buy market order and gets executed at market price for eg. AxisDirect FAQs or qna has most of the general AxisDirect questions and answers related to product and services margin brokerage plans customer support and many more.