What is Margin Plus?
Margin PLUS is an order placement feature where you can take a position in certain stocks at market price and also place a cover order for the position specifying the SLTP (stop loss trigger price) and the limit price. This will minimize the loss on the position you have taken in case of unfavorable market movements. Further there is an option to place a profit making limit order ( Take Benefit order) to capitalize on the positive movement of the position.
