In the setting up of execution settings for a strategy (for eg 9:20 straddle with SL on each leg of 40 pts) , if I have chosen Market type for entry and exit, considering that at 9:20am entered call leg at 300, will my SL of 340 be placed as SL-limit order or will wait for the premium to reach 340 and exit at market.
If the latter happens, what do I do so that it SL-limit order is placed?