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Asked a question 2 years ago

How can I place an F&O margin order with a Stop Loss?

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If you want to trigger a buy order at a particular price above the LTP, place an SL-L/SL-M Buy order. To trigger a sell order below the LTP at a certain price, place SL-L/SL-M Sell order. (It is recommended that you avoid SL-M to prevent slippage)

Here's an example for you:

It'll be triggered when RIL touches 2500 and will be executed at a max price of 2525.
It'll be triggered when RIL touches 2500 and will be executed at a max price of 2525.