Order entry issue

Hi every one, myself Gautam dey age 35, new into your forum, I have an issue on order entry can anyone help me?

I wish to take positional swing trade on banknifty future yet my capital is limited ( 1.1 lakhs).

Assume a situation I take position on long in banknifty future trade in 24296 price point, and after that market fall 24005 on very next day I put a GTC @ 23975 to sell out if further fall and take short position also in that particular price (i.e 23975 price point), can anyone help on this, is it possible to initiate two order (I.e GTC on sell and new short position) as my capital in account is very low for trade in banknifty future.

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