5paisa Account Opening
₹0 Account Opening| ₹20/order – Equity Delivery, Intraday, Futures & Options | ₹0 Commission on Mutual Funds
Open Instant Account with 5paisaA Cover Order (CO) is an advance order used in intraday trading to minimize the losses in a position. 5paisa offers cover order along with other advance order like bracket order and stop-loss order.
In a CO order, the buy/sell order is placed along with a Stop Loss order (SL). Say, you place a buy order at Rs 50 and also place an SL order of Rs 45. If the stock is going down, a Sell order will be auto executed at Rs 45, preventing you from unlimited losses.
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