1. Bracket Order

Definition:

• A Bracket Order allows you to take an intraday position with additional exposure while being protected by a stop-loss order and a profit target. It involves three components: an entry order, a profit-taking order, and a stop-loss order.

How to Place a Bracket Order:

• Website Platform:
1. Log in to www.5paisa.com.
2. Click on the scrip you wish to trade.
3. Click on Buy/Sell.
4. Select Advanced Buy/Sell.
5. In Order Type, select Bracket Order.
• Mobile Platform:
1. Log in to the 5paisa Mobile App.
2. Click on the scrip you wish to trade.
3. Click on Buy/Sell.
4. Select Advanced.
5. In Order Type, select Bracket Order.

Additional Information:

• Once the profit/stop-loss order is executed, the system will trigger a cancellation request for the remaining order, which may take up to 10 seconds. Ensure sufficient price difference between orders to avoid simultaneous execution. For more details, refer to this video.

2. Cover Order

Definition:

• A Cover Order consists of two components: an initial market order and a stop-loss order. The market order is executed immediately at the current market price, while the stop-loss order helps manage risk by setting a predefined exit point.

How to Place a Cover Order:

• Website Platform:
1. Log in to www.5paisa.com.
2. Click on the scrip you wish to trade.
3. Click on Buy/Sell.
4. Select Advanced Buy/Sell.
5. In Order Type, select Cover Order.
• Mobile Platform:
1. Log in to the 5paisa Mobile App.
2. Click on the scrip you wish to trade.
3. Click on Buy/Sell.
4. Select Advanced.
5. In Order Type, select Cover Order.

Additional Information:

• The first leg of the order is a market order, and it must be accompanied by a stop-loss order within a specified range. Individual legs of these orders cannot be cancelled separately.

3. Market Order

Definition:

• A Market Order is executed immediately at the best available price. The order is filled at the current market price, which might be different from the last traded price or the best available price.

How to Place a Market Order:

• Website Platform:
1. Log in to www.5paisa.com.
2. Click on the scrip you wish to trade.
3. Click on Buy/Sell.
4. Select Advanced Buy/Sell.
5. In Order Type, select Market Order.
• Mobile Platform:
1. Log in to the 5paisa Mobile App.
2. Click on the scrip you wish to trade.
3. Click on Buy/Sell.
4. Select Advanced.
5. In Order Type, select Market Order.

Additional Information:

• The last traded prices are displayed in the “Order Column,” but the execution price may vary. For accurate pricing, refer to the “Trade Column.”