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FuturePLUS is an intraday product in the F&O segment. The facility is available in selected stocks. It is available in 2 versions:
In this, you can take buy/sell positions in future contracts with the intention of squaring off the position on the same day. In FuturesPLUS, you need to deposit less margin than normal Futures trades.
In this facility, you place two orders simultaneously, a market/Limit order to take a position in the market and a second order to limit your loss by specifying the Stop Loss Trigger Price (SLTP) and a Limit Price.
Steps to place ICICI Direct FuturePLUS with SL Limit Margin product
You can place both Fresh and Cover SLTP orders simultaneously from the same page.
Topic: ICICI Direct Broker FAQs
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