34. A trader has bought 100 shares of XYZ at Rs 780 per share. He expects the price
go up but wants to protect himself if the price falls. He does not want to lose more ti
Rs1000 on this long position in XYZ. What should the trader do?
(a) Place a limit sell order for 100 shares of XYZ at Rs 770 per share
(b) Place a stop loss sell order for 100 shares of XYZ at Rs770 per share
(c) Place a limit buy order for 100 shares of XYZ at Rs 790 per share
(d) Place a limit buy order for 100 shares of XYZ at Rs 770 per share
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Answer:(B)
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