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Super Multiple

Super Multiple offers exposure on select stocks and Futures & Options contracts. Super Multiple orders can be used for Cash and Futures & Options trades.

Benefits of Super Multiple in Cash and Futures & Options trading

  • You can trade larger volume in Cash and Futures & Options trading
  • You can capitalize on attractive market opportunities with limited funds
  • You can limit losses through a Stop Loss Order
  • You need not worry about closing your open positions, as these would be squared-off automatically, if not squared off by you.

Auto square off in Super Multiple

All Super Multiple orders are "auto square off" orders with a Stop Loss Price which you can define. If you do not square off the order yourself, or the stop loss price is not achieved, your position will be automatically squared off after 3:20 pm.

Which stocks and Futures & Options contracts qualify for Super Multiple?

To find them on the Kotak Stock Trader app:

  • Login and head to ‘Watchlist’
  • Check these predefined watchlists:
    • ‘EQ-Super Multiple’ for stocks
    • ‘Derv-Super Multiple’ for futures contracts
    • ‘Super Multiple Option’ for options contracts

To find them on the website:

  • Log into www.kotaksecurities.com and go to the ‘Watchlist’ menu
  • Check these predefined watchlists:
    • ‘Super Multiple’ for stocks and futures contracts
    • ‘Super Multiple Option’ for options contracts

How to use Super Multiple?

  • On the website:

    Step 1: Log into www.kotaksecurities.com and go to ‘Place Order’

    Step 2: Choose the stock/contract and select ‘Buy/Sell’

    Step 3: Enter details such as instrument, limit price, lot size, etc.

    Step 4: Select the ‘Super Multiple’ order type for stocks & futures contracts, or the ‘Super Multiple Option’ order type for options contracts

    Step 5: Enter the ‘Stop Loss Trigger Price’ (SLTP) and click on the ‘Place Order’ button

    Step 6: The SLTP should be at least 1% less than the limit price in case of Buy orders, and at least 1% more than the limit price in case of Sell orders.

    View demo here

  • On KEAT Pro X:

    Step 1: Right-click on a scrip and choose either ‘Buy’ or ‘Sell’,

    Step 2: Enter the quantity you wish to trade.

    Step 3: Click on ‘Order Mark’ and select ‘Super Multiple’ from the dropdown menu. The order price will now change to ‘0’.

    Step 4: Set your Stop Loss Trigger Price in the field called ‘Trigger Price’. The SLTP should be at least 1% less than the limit price in case of Buy orders, and at least 1% more than the limit price in case of Sell orders.

    Step 5: Click on ‘Place Order’.

    Step 6: A new window will appear with your order details. Check the details and select ‘Yes’ to place your order.

    View demo here

+ Expand AllFrequently Asked Questions (FAQs)

  • Q How does Super Multiple work?
    A

    Super Multiple is designed for traders who wish to trade intraday in large volumes and thus make the most of market movements. With Super Multiple, you can take a position on select stocks/contracts and get exposure on your available margin.

    Our system will auto square off all open positions after 3:20 pm in case they are not squared off by you.

  • Q Which segments can I place Super Multiple orders in?
    A

    Super Multiple orders can be placed in the NSE Cash and NSE Futures & Options segment. Please note that positions can be taken only in current month contracts.

  • Q How do I check the amount of margin I have utilized?
    A

    Click on the ‘Available funds’ link on the Equity menu. Next, click on the amount displayed below the ‘Margin utilized’ column to get details on the valuations and multiples offered on the scrip.


Read frequently asked questions on using Super Multiple for stocks.

Read frequently asked questions on using Super Multiple for Options trading.

Disclaimer:

Kotak Securities cannot be held liable for any loss incurred by the client for non-squaring off / delay in squaring off / auto squaring off the positions automatically due to either illiquidity in the particular security or due to technological problems at either Brokers/Exchanges’ end. Further, auto square off orders are placed after 3:20 pm as the market order and orders are matched against the best price at the exchange level. Kotak Securities does not have control over the price ruling in the market when the orders are matched by the exchange.

Please read the Terms and Conditions of the Super Multiple product.

Why Super Multiple?
  • Better exposure to market
  • Trade in volumes
  • Convenience
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