Why do stop loss order get cancelled when market closed

Altaf_Sheikh · January 9, 2025, 10:16am

I have taken positional trade of BankNifty and added stop loss which got canceled when market closed.
This is a big risk if market open in apposite direction. This demotivates to take positional trades in option trading.

Mohseen_Usmani · January 10, 2025, 4:23am

Hi @Altaf_Sheikh,

Please note that Orders that remain unexecuted during the day are canceled after 3.30 pm. Alternatively, you can place a Forever order with OCO for your open position, which will be valid until the expiry.