Announcements

As per NSE’s latest guidelines on placing limit orders for Index Options (NIFTY 50, BANK NIFTY and FINNIFTY) the following changes would apply from the next trading session:

• Your limit order for Index Options will be rejected by the Exchange if the entered limit price goes beyond the below specified limit prices:

For LTP Less than or equal to ₹50
Buy orders - Price cannot be greater than ₹20 from the LTP

Sell orders - Price cannot be lower than ₹20 from the LTP

For LTP greater than ₹50

Buy orders - Price cannot be greater than 40% of LTP
Sell orders - Price cannot be lesser than 40% of LTP

• In such an instance, you will see this error message: “17070:The Price is out of the current LPP range” on our app/web platforms
• Changes will come into effect from 31st October 2022

Kindly observe the above changes before placing orders in Index Options to avoid order rejections. You can refer to the  Exchangecircular here: LINK.