How do I place a basket order to get the order level hedge benefit?

How do I place a basket order to get the order level hedge benefit?

Placing a basket order is simple but the orders are to be placed in the sequence of the scrips added in the Basket. In order to get the order level hedge benefit, you have to add the Lower Margin order to the basket first and then add the Higher Margin order.

For Instance, If you wish to place a strategy of Bull Call Spread wherein you are Buying an ATM Call and Selling an OTM Call. If the price of Nifty Index is trading at 18000, then the basket order needs to be placed as per the below image:

First, Buying Nifty 18000CE (Lower Margin Order) and then Selling Nifty 18100CE (Higher Margin Order)

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