Why was my F&O order rejected with the reason "Difference between limit price and trigger price is beyond the permissible range"?
As per NSE regulations, Stoploss Limit orders in the F&O segment are required to be validated based on the difference between the limit price and trigger price. This is applicable to stock and index F&O orders.
Orders that exceed the permissible limit will be rejected by the exchange.
- The limit is: the absolute difference of Limit Price - Trigger Price > X% * Trigger Price
- The X% * Trigger Price component is subject to a minimum range
- The validation is applicable to the placement of Stoploss Limit orders and modification of open Stoploss Limit orders
| Instrument | Trigger Price Condition | X% | Min Range (Absolute) |
|---|---|---|---|
| Stock and Index Futures | < = 50 Less than or equal to Rs. 50 | - | Rs.1.5 |
| Stock and Index Futures | > 50 Greater than Rs. 50 | 3% | - |
| Stock and Index Options | < = 50 Less than or equal to Rs. 50 | - | Rs.10 |
| Stock and Index Options | > 50 Greater than Rs. 50 | 20% | - |
To learn more, refer the circular on our Notification page.
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