|FAQ's > Equity > Place Multiple Orders|
|1.||For whom is this facility available?|
|A.||This facility is available only for online trading customers.
|2.||How do I place multiple orders?|
|A.||Click on place multiple orders.|
|Choose which action (buy/sell) you would want to perform on the chosen scrip and also specify the quantity, price, and type of order in each scrip. You may want to specify a stop loss price in the required space, if you desire.|
|After doing so, you may click on the place order button.|
|You will be led to a screen where you have to enter your trading password and click on the Confirm Button.|
|The screens will guide you from there on.|
| Note: On specifying the quantity to be bought/sold, the system will display the Current market Price by default.However you may choose a price of your own too.
|3.||What is a Basket Order/Multiple order?|
|A.|| Basket order is a facility provided by kotaksecurities.com, which allows you to place an order in 5 scrips with a single click. All you need to do is select Place Multiple orders in Equity and select your scrips and buy/sell them all at one go.
|4.||What is the procedure for placing Cover Orders?|
The functioning of Cover Order is as follows:
1) When one action (buy / sell) is selected in the first order entry form, the cover order entry form selects the reverse action automatically.
2) Two orders can be placed using the Cover Order system. However, the cover order has to be a Stop Loss Order only.
a) Normal Order Buy Infosys @ 1500
Cover Order Sell Infosys @ 1490 Trigger Price 1491.5
b) Normal Order Sell Infosys @1500
Cover Order Buy Infosys @ 1510 Trigger Price 1509
1) Please note that margin would be required at the time of placing the order for both the orders (Normal + Cover). Once either of the order gets traded, the other order will be considered a square off order for the traded order and your limits to that extent shall be released.