What is Zerodha cover order?

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A Zerodha Cover Order (CO) is a type of order used to minimize the risk in a position in intra-day trading. In the case of CO, two orders are placed together as one order. The buy/sell order is placed with a compulsory Stop Loss order in a specified range.

Note:

CO is an intraday product.
CO is available in Equity, F&O, Currency & Commodity.
COs aren't allowed on BSE stocks, stock options and currency options.
The Stop Loss order cannot be cancelled.

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