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Bracket order is an innovative feature for day traders to take advantage of high margin exposure with safe and controlled risk. Bracket order is a set of three orders placed simultaneously. Bracket order is currently enabled for NSE Cash, NSE FNO, NSE Currency segments.


1st leg – Limit Order

2nd leg – Take Profit Limit Order

3rd leg – Stop Loss Order


Once the Limit order gets triggered both ‘Take Profit’ and ‘Stop Loss order’ get activated. Now if the price hits the target price then ‘take profit limit order’ gets executed and the stop loss order gets cancelled automatically. Similarly when the stop-loss hits automatically the take profit order gets cancelled.

Bracket orders can be used to execute trades with better risk-reward ratio, where you want to limit your potential trading losses and allow the profits to be executed with a pre-defined risk reward ratio. Bracket order also comes with trailing stop-loss functionality which automatically trails your stop loss with regard to current market price and provides a better protective mechanism.

How the Margin Required for Bracket Order is calculated

Margin Requirement depends upon three factors

  1. Current Market Price
  2. Stop Loss Price
  3. Trading Quantity

Generally margin comes around 1.5%-2.5% of the contract value.Let’s say Nifty is at 7800,then one contract value will be = 7800×75 = Rs5,85,000

Hence you require a margin range between Rs.8,775 – 14,625. As long as your stop-loss is less than 117 points in Nifty Future you require a minimum margin of Rs.8,775/-. If you want to place a stop loss of 125 points then margin required will be 125×75 = Rs.9,375/-

Supported Platform

Bracket orders are currently available in the following platforms

1. Nest Trading Terminal (Desktop)

Bracket orders can be placed only during regular market hours and cannot be placed during the pre-market trades.

How to Place the Bracket Order

To Place Buy Bracket Order Entry press Shift + F3

To Place Sell Bracket Order Entry press Shift + F4


There are two ways you can set your target and stop-loss using bracket order. One way is using absolute values as stop loss where in above figure you can see the absolute needs to be checked followed by filling the stop-loss points from limit order price. Alternatively you can also use ticks where 1 Tick = 0.05 points so 300 ticks represents 0.05×300 = 15points in Nifty futures.

Remember that all the bracket orders will be squared off automatically by 3.15p.m for NSE Equity & NSE FNO and 4.45p.m for NSE Currency.


  1. Can I Log out Nest Trader after placing Bracket orders or it need continuous internet connectivity ?

    • You can logout after placing the order. No need for internet connectivity after placing the order.

  2. can this bracket order also be placed for the following scenarios
    scenario 1 –
    1st leg – Buy using Stoploss limit order
    2nd leg – Profit taking using Sell limit order
    3rd leg – Stoploss order for the 1st Buy leg stop loss order
    Scenario 2 –
    1st leg – Sell using Stoploss limit order
    2nd leg – Profit taking using Buy limit order
    3rd leg – Stoploss order for the 1st Sell leg as stop loss order

    • Bracket Orders cannot be placed for both the above Scenarios

  3. In bracket order mode, how are the brokerage calculated? For example, If i place order of 100 Reliance at Rs.1000 and Target order triggered at 1015 (and SL order auto-cancelled).. What will be my brokerage? Pls explain in detail.

    • Bracket Order is an Intraday Order, so the brokerage will be identical to the Intraday Brokerage of 0.01% or Rs. 20/ Order whichever is lower for Equity Intraday.
      Your Example of Reliance for 100 Quantity at Purchase price Rs. 1000 & Sell/Target price Rs. 1015 will have a brokerage of Rs. 20.15.
      Please visit the brokerage calculator for detail information Brokerage Calculator

      Note* The above brokerage holds good if the order gets executed in one tranche. but In case if the initial order gets executed in multiple tranches their will be multiple targets orders placed at the same target price.

  4. In Bracket order, Can we revise Stoploss upward once the stock moves higher after buying?

    • Yes, you can revise Stoploss.

  5. do u provide bracket order for mcx

    • YES, we provide Bracket Order for MCX

  6. Is hedging in MCX Commodity using bracket order possible.
    For example.

    First oder i place buy bracket order at 3120 with stop loss at 3110 and profit target as 3135

    second order i place sell bracket order at 3120 with stop loss at 3130 and profit target as 3105

    Hedging concept possible or not with Bracket order with TradeJini.Please advise.

    • Bracket orders allows traders to limit their losses and achieve their target profit. An individual can opt to use Bracket Order for any trading strategy. Hedging, speculation & arbitrage anything can be applicable based on strategy of the client.

  7. Suppose BankNifty is trading @25000 and Call option price is @100. If I want to short this call BankNifty option using Bracket order (intraday).
    What will be the margin requirement?
    How much leverage will I get?

    • Hello Harsh

      Not exact to your example but would point out the margin requirement for shorting Bank nifty @26000 with call option price Rs.136 and stop loss of Rs.50. The Exchange specified margin for this would be Rs.57000 and the leverage provided by us would be 3.5X which means you will have to maintain Rs.16000. Please note based on stop loss the margin requirements changes, a narrow stop loss would mean higher leverage resulting to low margin requirement.

  8. IN Bracket order where to put take profit order ?

    • Brack Order

      I hope the image provides a better understanding of Brack Order Dialog Box.

  9. What is the min value of trailing stoploss in bracket order in equity intraday

    • The minimum value for a stop-loss or trailing stop-loss in bracket order or any other order depends on the tick size of a script. Tick size is an indicator representing the minimum movement of a script. Each script has it’s own tick size. So based on a scripts tick size we can determine the minimum value to be entered.

      The tick size of a script can be found in NEST trader Desktop app with “SHFT + F7”.


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