n NISM Certifications
VII NISM Series VII
Medium

In a Stop Loss Order, the client must enter ______.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Limit Price and Trigger Price

    Correct answer

  2. B

    Only Limit Price

  3. C

    Only Trigger Price

  4. D

    Only Market Price

Why this is the answer

Stop Loss orders are triggered when market price reaches the trigger price; the order executes at the limit/market price set by the client.

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