A Reliance Capital Company

Cover order

Capping Losses while Maximizing Returns

Cover Order allows you to take advantage of intraday trading in huge volumes with minimum margin and at the same time limiting losses.

Example- You place a buy order for 20 shares of company A at Rs 100 per share. Minimum margin on Company A is 3% and you can bear maximum loss of Rs. 2 per share then placing a stop loss cover order at Trigger price Rs. 98, margin blocked will be Rs.80 i.e. Higher of Maximum loss you can bear*multiple (Eg: 2 times) decided by RSec  [(2*20)*2 = 80]& minimum margin% on the stock value [(20*100)*3% =60].

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How cover order Works?

Get to know how Cover Order works.

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HOW cover order works?

Place a buy/sell order in equity, derivative or currency along with the stop loss Cover Order mentioning the trigger price.

Trigger price placed at a price on which you can bear maximum loss.

Margin blocked is higher of maximum loss you can bear and minimum margin % on the stock.

Stop loss order remains pending till trigger price is not reached.

Square-off your open positions before 3.10 pm, else Reliance Securities will square-off your open positions by the end of market close on the best-effort basis.

Benefits of cover order

Get to know how you can benefit from Cover Order

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BENEFITS OF cover order

Get to know how you can benefit from Cover Order

Save on brokerage costs with higher volume trades

Reduction in the risk of an investment

Capitalize on market opportunities

 

​Call
and Trade

022-39886000
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​Call and Trade

Our operational timing: ​​8.30 am to 4.30 pm, Monday to Friday.

Call us on​​ :

022 39886000 | 022 25816000

022 26856000 | 022 33506000

Partner Desk : 022 39896789 ​

*At the time of contacting us,  please keep your account details ready for our customer service executive to assist you promptly.

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