Cover Order is an intraday product for Equity, F&O, Currency & Commodity. In a CO you can place intraday buy/sell Market/Limit orders with a compulsory stop loss for a higher leverage than MIS product type. Margin requirement will vary based on the Stop loss price. Learn more about cover order.
Bracket Order is a 3 leg intraday product presently available for F&O, Equity cash and Commodity. In a BO, you can place intraday buy/sell limit orders with a target (2nd leg) and compulsory stop loss (3rd leg with a trailing SL option) for a higher leverage than MIS product type. You can also place 1st leg as stop loss order. As soon as either of target (2nd leg) or stop loss order (3rd leg) gets executed, the other one automatically gets cancelled. Margin requirement will vary based on the Stop loss price entered in 3rd leg. Learn more about bracket order.
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