What is Marginplus order?

Margin Plus is an intra day order placement feature that allows you to take a position at Market Price with a reverse position specifying your Stop Loss Trigger Price and Stop Loss Limit Price. The difference between the Market Price and Stop Loss Limit Price specified by you is your margin requirement per scrip, thereby allowing you not only to choose the optimum leverage on your margin but also restrict your losses.

You also have the option of specifying a Protect Profit order wherein you can specify your profit booking price so that you don’t have to manually keep track of the scrip