What is Multi-leg Order?
Multileg order is an IOC order (immediate or cancel) with Market order.
It is two leg and three leg orders, where the client can hedge the positions, with:
- Group 1 Nifty Options
- Group 2: Index Futures
- Group3: Stock F&O symbol starting A – G
- Group4: Stock F&O symbol starting H – M
- Group5: Bank Nifty Options
- Group6: Stock F&O symbol starting N – Z.
The order gets rejected immediately if the price does not trade in the market. Multileg orders can be placed by selecting the products NRML/MIS, and hedge benefit will be received
Any order placed under MIS and CO & BO will automatically be squared off within half an hour before the market closes for respective exchange segments or the Intraday MTM reaches 70% whichever is earlier