hi i am not able to put stop loss in banknifty, can anybody explain.thanks
Hey @nihar_dalvi,
To place a stop loss for index options, you need to place a stop-loss limit order.
For example, you need to place a stop loss for an open buy position. Then place a new sell order. Please ensure to untick the market price and tick the trigger sell. Let’s understand this with an example:
For instance, you have an open position in Bank Nifty at the strike price of 42000. And the current LTP for the 42000 strike price is 200₹. If you wish to place a stop loss at 150₹, you will have to untick the market tab and enter the value. In this case, it’s 150₹, and tick the trigger sell tab and enter the value 151₹. I have attached a screenshot below for your reference.
You can place a stop loss in the same way with the sell position too.
If you wish to place both Stop loss and target order, you can place it using FYERS 2.0. Here you can place GTT/OCO order and also, you can place orders in less than 100ms. But now currently, we are giving the early access to the one who register through this portal.
Hope this clarifies!
thank you. Does stop loss order need any margin. in above screen shot margin required also huge amt..
and i want to participate in 30 days challenge..How it works? Do you gave any support or helping in any strategy?
Hey @nihar_dalvi,
You do not need to have any margin to place an stop loss order.
Regarding 30 days challenge, You can start up the 30 day challenge by going to My Account → 30 Day challenge → Start challenge. To know how 30 days challenge works, you can refer to this blog FYERS Community: Learn, Share & Trade Smarter
Hope this helps 