Is overnight trailing stop loss illegal in india?

I am a big fan of trailing stop losses which will protect our investments and also helps to make some money. The problem in India is we have to manually trail the stop losses and no automatic trailing stop loss function for overnight positions are available. I know only one broker that is zerodha which provides trailing stop loss for day traders but doesn’t pass this function to overnight traders. I have searched the web for brokers who are providing overnight trailing stop loss in india but fail to find a single one. So my question is does SEBI placed any kind of ban on trailing stop losses? if no then why brokers doesnt provide overnight trailing stop losses.

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Are you a day trader?