With Cover SLTP Order) is an intra day product having an order placement feature wherein you place two orders simultaneously wherein Fresh order will be a market order and with the second order you limit your loss on every position by necessarily placing a cover order specifying the Stop Loss Trigger Price (SLTP) and a Limit Price. When converting to Future PLUS if the LTP of the contract falls to say Rs.980, then in such a case, Loss = (1000-980) *250 = Rs. 5000. Thus,on conversion to FuturePLUS the total amount that would be blocked is 15000(Required Margin for FuturePLUS position) + 5000(Loss) = Rs. 20000. The stop loss trigger price (SLTP) has to be between the last traded price and the buy limit price. Once the market price of Reliance breaches the SLTP i.e. 345, the order gets converted to a limit buy order at 350. Cover Stop Loss Sell Order 'A' buys Reliance at 325 in expectation that the price will rise.