Bracket order can be placed either using menu bar or short cut keys. In a bracket order, you need to enter your initial (main) order, stop loss order and target order.
Steps to follow in placing the bracket order in all three ITS platform viz., Exe, Web and Mobile App.
Only limit order is allowed as initial order in bracket order. In the order window,
On placing the initial (main) order price, the stop loss price range will be set automatically depending upon your main order price.
Enter your stop loss price at space provided under “stop loss sell” and enter your target order under “square off sell” and submit the order.
In bracket order there is an additional feature to set trailing stop loss which is optional.
Infini Power Exe Version
Keep the cursor on the stock in your watch list for which you want to place an order and press F1 for buy order and F2 for sell order as you do for normal orders. Then select the option “Bracket” at the top panel in the order window.
Enter the initial order price, stop loss price and target price and click “Submit” and the order is through.
As you take the cursor to the stock in your watch list you will find the options to buy or sell. Select “B” to place buy order and select “S” to place sell order. The order window will appear as shown below.
As default the order type will be “Simple” as shown with an arrow in above image. Click the drop down button and you will find other types of order options. Select “BO” for bracket order and the window looks like the below.
Enter the initial order price, stop loss price and target and click “Buy” or “Sell” as per the initial order and the order is through.
Infini Mobile App
Go to the stock in your watch list for which you want to place an order and swipe left. You will find options to buy or sell. Select buy or sell, you will get an order screen like the below.
- The order type is set as “simple” as default. Just click on it you will find other types of order options like the below screen
- Select “BO” you will get a screen as below.
- Enter your initial order price, stop loss level and target levels and click Buy or Sell at the bottom as per the initial order and the order goes through.
In bracket order, the stop loss and target price should be entered as the difference between your purchase or sell price as per your initial order. View the video below on how to place, modify and exit the bracket order.