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Options
- A
Limit order
-
Stop order
Correct answer
- C
Day order
- D
Market order
Why this is the answer
A Stop Order is used by traders to limit losses. It involves specifying a trigger price at which the order is activated and a limit price for execution. For example, if a trader buys a stock at Rs.100 but wants to limit losses to Rs.5, they can place a stop loss order with a trigger at Rs.96 and a limit of Rs.95. Once the trigger price is hit, the order executes, capping the loss.
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