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#1
12th September 2006, 05:13 PM
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How to put Stop Loss on ICICIDirect?
Can anyone tell me how to make use of the Stop Loss facility on ICICI Direct? The specific points I need clarity on are:
1. Is it possible to place a SL order simultaneously when we place the buy order, which holds good till it is hit or I modify it? 2. What is the difference between Limit price and SL trigger price? How to use these effectively to put a SL? 3. Once I am into a scrip, do I have to put a SL order everyday? So far, I have been putting as mental SL and need to keep a close watch on the price movements and physically place a SL order if that is breached. I was fortunate yesterday as I was watching the market closely and was out of the market in time, but I would like to guard myself against any such situation when I am not following the market. I know there are quite a few ICICI Direct users who use this service extensively, and I hope you will be able to help me out. Thanks in anticipation, Pranay 
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#3
12th September 2006, 10:12 PM
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Re: How to put Stop Loss on ICICIDirect?
Hi pranayd
Direct ans to ur Qs 1. It is not possible to place SL order simutaneously when U place buy/sell order. But only in marginplus orders you have to place both. 2. SL trigger is price at which your SL order is executed. In SL SELL order you have to specify limit price slightly below SL trigger price (based on ticksize of the stock). In SL BUY order limit will be above SL trigger. 3.Yes u have to pLACE stop everyday. Bye Raj
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#4
13th September 2006, 07:22 AM
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Re: How to put Stop Loss on ICICIDirect?
ICICIDirect is 100 years back in terms of online trading facilities.
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#5
13th September 2006, 10:33 AM
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Re: How to put Stop Loss on ICICIDirect?
Thanks guys for your prompt responses.
Anibhai: I visited the help section of the website but could not understand the SL trigger price/ limit price funda. Raj: Thanks for putting it simply, its now clear!! Cheers, Pranay
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#6
13th September 2006, 07:59 PM
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Re: How to put Stop Loss on ICICIDirect?
Hope you dont mind me using your thread to ask a question. Which site or broker is providing the best online trading facility and also which is cheaper in terms of brokerage for both stocks and derivatives.
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Re: How to put Stop Loss on ICICIDirect?
