What is the difference between cover order and bracket order?

What is the difference between cover order and bracket order?


  • Cover order is an order type where you place a stop loss along with the initial order is compulsory. Hence, the loss in the trade is already covered.  Cover order helps to limit your losses, reduces the risk and hence offers much higher intraday leverage compared to intraday orders placed using MIS. 

  • Bracket Order is a 3-in-1 order which includes Target Order, Initial Order and Stop Loss Order. It helps you to enter a new position along with target and a stop loss order. When one of the order gets executed, the other, automatically cancels. 


    • Related Articles

    • What is Bracket order?

      Bracket order is a special type of order where you can enter a new position on intraday orders with extra exposure along with the protection through target exit and a stop loss order.  It helps to limit your stock and lock in the profit. Through BO, ...
    • What is Cover order?

      A Cover Order is intraday order which is followed by a mandatory Stop Loss Order. Hence, two orders can be placed at one time. This helps traders minimize their losses by protecting themselves from unexpected market fluctuations. A Cover Order can be ...
    • How can I place an order through Swastika?

      Trading can only be done offline if you place your order to a broker who then buys or sells the shares for you. You can place buy and sell orders by calling us on 0120-4400777 Call and Trade service is available during the equity and commodity market ...
    • How can I check my trading reports and demat transaction reports?

      Step 1: Log in to the Justrade mobile application and then click on 3 lines at the top left and select 'PAYIN/LINKS'  Step 2: Select BackOffice and you will be redirected to the web page.  Step 3: You can click on 3 lines on the top left and select ...
    • What is Intraday Trading?

      Intraday trading is the buying and selling of stocks on that same day during the trading hours. If you have not sold the stocks by the end of the trading session, it will automatically be sold by the end of the session. Generally, stocks are bought ...