Now tell me, if I am putting trigger price at say 50 Rs and put the price at 60 Rs. Will it get triggered at 60 Rs or at market price (between 50 and but less than 60) , when the SL is triggered ?
(I am talking about squaring off my sell side)
As you talking about a BUY limit order, then yes, if the premium spikes to a price (62) higher than your limit (60), your stop loss converts into a limit order. This may happen in a rare scenario wherein the premium changes very fast.