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In case of Fresh Buy:
a) Current market Price rises - Position is making a profit You can choose to modify the sell cover SLTP order to a market order to immediately book profits at market price.
b) Current market price falls - Position is making a loss: Once the current market price starts rising and reaches Sell cover SLTP price, the cover SLTP order would be triggered to a limit order. The cover SLTP order would get executed at the best prices available up to the SLTP limit price.
In case of Fresh Sell:
a) Current market price rises - Position is making a loss: Once the current market price starts rising and reaches buy cover SLTP price, the cover SLTP order would be triggered to a limit order. The cover SLTP order would get executed at the best prices available up to the SLTP limit price.
b) Current market price falls - Position is making a profit: You can choose to modify the buy cover SLTP order to a market order to immediately book profits at market price.