What is the purpose of stop loss in india for equity/derivative delivery?

#1
I came to know that in india we cant carryforword our stop loss to next day or other future days. If we are doing equity or dervative delivery trading with a stop loss then we have to manually set new stop loss daily. It seems NSE will clear all our orders at the EOD.

  • So is there any purpose of using stop loss in equity/derivative delivery trading?
  • Do stop loss only good for day trading in india?
  • Is there any broker in india who carry forwards our stop loss automatically?
  • What about other international markets? Do international traders also manually carry forward their stop loss or they have advance technologies?
  • Why NSE prevents carry forward stop losses? is it bad?
 

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