4. What are cover and bracket orders? Are they available for all users?


Cover Order and Bracket Order are advanced order types available on ArihantPlus for intraday trading. These orders come with built-in risk protection. 


  • Cover Order (CO) - A cover order combines your main buy or sell order along with a compulsory stop-loss, strictly limiting potential losses. This means your risk is controlled if the trade moves against you. It is useful for traders who want added discipline while taking an intraday position. 


  • Bracket Order (BO) - A bracket order allows you to place a trade with two automatic exit points – one that lets you take profit (a target price) and one to limit losses (a stop-loss). This 3-in-1 order type helps you plan your trade better in advance. Once either the target or stop-loss is reached, the other order is automatically cancelled. This setup helps you manage your risk, plan, and avoid making emotional decisions once the trade is placed. 


While both cover order (CO) and bracket order (BO) are available for all ArihantPlus users, they are meant only for intraday trading and are not available for delivery of trades. Their availability may also change over time, as the exchange can enable or disable them depending on market conditions, risk controls, and regulatory guidelines. 

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