Bracket order discontinuation (historical)

Mon, 11 May 2026 00:00:00 +0000

Overview

A bracket order (BO) was an advanced intraday order type offered by Zerodha and several other Indian brokers that combined three linked orders into a single instruction: an entry order, a stop-loss order, and a target order. The three-legged structure allowed a trader to define the entry price, the maximum loss (stop-loss), and the desired profit exit (target) in a single order placement, with the bracket structure ensuring that once any one of the three legs executed (stop-loss or target), the remaining leg was automatically cancelled.

Cover order (CO) on Zerodha

Mon, 11 May 2026 00:00:00 +0000

A cover order (CO) is a special intraday order type on Kite, Zerodha’s trading platform, that combines an entry order with a compulsory stop-loss order placed simultaneously. The mandatory stop-loss is placed as an SL-M (Stop Loss Market) order at the time the entry order is submitted. Because the maximum possible loss on the position is pre-defined by the stop-loss range, the exchange and broker can offer higher leverage (lower margin requirement) for cover orders compared with standard MIS intraday orders.

Cover Order on WebNotes

Bracket order discontinuation (historical)

Overview

Cover order (CO) on Zerodha