alian1980 -- did you get the answer to this question? Even I have the same query as to placing a stop loss order that isn't restricted to day trading in sharekhan. Will appreciate if somebody can post the answer
'GTC' (Good Till Cancellation beyond the trading day) orders are not allowed by SEBI, only 'GTD' (Good Till Day) orders are allowed.
This means that any orders placed are automatically canceled by end of the trading day if not executed. Next day again fresh orders are to be placed. (Stop Loss, or any other orders. As this is the restriction imposed by SEBI, GTC orders are NOT allowed through shareKhan or any other broker dealing with Indian stocks through any stock Exchange.
Now the solution lies in manually placing Stop Loss orders everyday (Repeat or modified, after trading hours if previous day's orders are not executed. If one has a good number of stocks, this is a very tedious manual process, but there is no other alternative.
I wish that, after market hours, there should be provision to reactivate such Stop Loss orders canceled by the system on end of day.
I also wish, we have a means by which we can place stop loss orders in bulk for stocks held by us through Excel sheet or by other means by a single click.
Hope I made myself clear on this.
I may not be 100% correct, and any knowledgeable members may supplement/ correct me.
Regards.
murthymsr