Bracket Orders | NSE | Which Broker is offering ?

#1
Can someone please help me with which brokers in India are offering Bracket Orders on NSE derivatives ?
If elaboration is required; a bracket order is an order with stoploss (if market goes against position) and profit target (if market favors position); either side filling cancels the other side order.
Thanks in advance
Manoj
 
#2
Can someone please help me with which brokers in India are offering Bracket Orders on NSE derivatives ?
If elaboration is required; a bracket order is an order with stoploss (if market goes against position) and profit target (if market favors position); either side filling cancels the other side order.
Thanks in advance
Manoj
If I understood right then you are asking for SL and TSL. is it so?
You want to put ST and TSL at a time? so that at any situation you dont need to intervene trade. System will do your work!!!
 
#3
Let me elaborate. I need to enter a buy order at 115. My stoploss is 113 and my target is 128. With a Bracket Order you enter all these in one go. If order is filled at 115 the position gets squared up at 128 or 113 whichever comes first. Any brokers you know offering this order type on NSE ?
Regards
Manoj
 

comm4300

Well-Known Member
#4
This is exchange level problem. It seems NSE hasn't yet permitted such ordering system.

you might still want to check out - Interactive Brokers and their platform. But cannot confirm if your order would be handled at exchange server level or their internal server level.
 

AW10

Well-Known Member
#5
I don't think it is any limitation from NSE or exchange cause exchange is allowing for limit order (for target) and stoploss (to cut losses). IMO, it is more to do with the smartness of trading platform offered by broker. If they can take one order entry with 3 prices and place /cancel different orders in background, it can be implemented.

I think, IB is offering bracket order (and lot more order types than any other broker).
http://www.interactivebrokers.co.in/en/p.php?f=orderTypesIN&ib_entity=in

In western market, a pro daytrader/scalper will never work without a bracket orders.

happy trading
 
#6
What are the reviews for IB(intereactive brokers)?is it good to have account with them.?For bracket order trading we need perfect order execution and also without any delay of price..so what say guys??
 
#7
Thanks AW10 for your kind reply. I posted my question here after having asked IB about it. If anyone knows any NSE brokers offering Bracket Order; please do let me know.
Thanks & BR
 
#9
I need to partly answer my question. Bracket Orders are available on IB for NSE derivatives as per a communication I have just received from them.
Regards
Manoj