What time will be cut off time for modification of Stop loss orders by the system?
The cut-off time is 3.15 pm that will be auto initiated by system.
Can I modify the trigger, stop loss, profit price order?
Yes, you can modify the price of your stop loss, trigger & profit price order subject
to the conditions being fulfilled.
Can I cancel the First leg limit order?
The client can cancel the limit order placed, as a result of which the other two legs or
order will not get placed with the exchange.
Can I cancel the stop loss order?
No, Stop Loss order cannot be cancelled. The only option available is to exit the
position wherein the two leg orders gets cancelled and the position gets closed at the
Can I place Bracket order in all contracts/securities?
Only select contracts/scrips have been enabled for trading under the Bracket Order.
Prabhudas Lilladher Ltd reserves the right to select the contracts/scrip for Bracket
product and may, at its sole discretion, include or exclude any contract for trading in
this product without any prior intimation.
Can Stop Loss order be placed after the first position is taken?
No. You will need to compulsorily place Stop Loss & profit order along with your
first order. You will not be allowed to place the Stop Loss order after placing the
What is the minimum percentage price difference between Trigger Price & Stop loss Limit Price?
The difference of stock price has to be 1.5 % and Index price difference has to be
What is the minimum percentage price difference between Last Traded Price & trigger Price?
The difference of price between LTP & trigger price has to be 3.50%. and for Index
the difference has to be 0.50 %
What is a Stop loss Limit order?
The First leg order as defined above will help you take a position. Assuming you
have taken a buy position, your cover will naturally be a sell order. This is a Stop
loss Limit order.
A Stop loss Limit order allows the client to place an order, which gets triggered only
when the market price of the relevant security reaches or crosses a trigger price.
‘Mr. A’ buys Reliance at 1080 in expectation that the price will rise. However, in the
event the price falls, ‘A’ would like to limit his losses. ‘Mr. A’ may place a limit sell
order specifying a trigger price of 1060 and a stop loss price of 1050. The stop loss
trigger price has to be between the stop loss price and the last traded price at the time
of placing the stop loss order. Once the last traded price touches or crosses 1060, the
sell order get triggered and position gets sq-off between 1060 -1050 and Profit Price
order will get cancelled automatically.
Bracket Stop Loss Buy Order
‘A’ takes a short (sell) position in underlying NIFTY at Rs. 8500 in expectation that
the price will fall. However, in the event the price rises above his sell price ‘A’ would
like to limit his losses. ‘A’ may place a limit buy order specifying a trigger price of
Rs.8550 and a stop limit price of Rs. 8555. The trigger price has to be between the
last traded price and the buy stop limit price. Once the market price of underlying
NIFTY touches or crosses the trigger price i.e. Rs. 8550, the sell order gets triggered
and position gets square off between 8555 and 8550.The profit order gets cancelled.
Please note that in a Bracket buy order, the Trigger price should be a price lower
than the buy price i.e. less than the last traded price. A Trigger Price cannot be
placed for a price that has already been surpassed by the market when the Trigger
Price is being placed. Similarly, in case of a stop loss sell order the Trigger price
should be greater than the sell price of fresh order i.e. higher than the last traded
price. In case the profit price reaches first then the stop loss order gets cancelled
automatically and profit order gets executed.
What is the Margin applicable for Bracket Order?
The difference between limit price and Stop Loss Price will be Margin.
Can I place a limit fresh order?
Yes, the first order can be a market/limit order.
What is 1st order?
The order which is placed for creating the position is called the 1st order. The fresh
order can be a Market or limit order.
How will I get my trade confirmation?
Real Time SMS is sent on your registered mobile number immediately on execution of trade in your account.
SMS on Trade details and bill summary is sent on your registered mobile number by end of the day of execution of trade in your account.
Further, E-Contract Note (ECN) is sent on your registered email ID by end of the day of execution of trade in your account.
You may also view / download and print ECN for the entire FY from our website www.plclients.com (Financial > Contract Note > Client Contract)
How do I get incremental limit for intra day trades?
To get incremental limit for intra day trades, you shall have to sign Auto Square Off letter
On receipt of duly filled and signed letter, you will be granted higher exposure for executing Intra day trades.
How can I request for activation of additional segment?
At the time of activation of your trading account, you have to opt for segments (BSe, NSE, FNO , SLB etc) in which you intend to trade.
In case you have not opted for any particular segment at the time of activation, and you wish to activate that segment all you need to do is to send duly signed and filled Segment Preference Letter to our Client Activation Team.
What if I am not able to transfer funds towards margin shortage?
In case you fail to meet the margin call made or if you fail to transfer funds towards margin shortages, PL will liquidate the securities.