Sunday, September 26, 2021 3:12 pm
The Exchange will discontinue Stop Loss orders with Market condition (SL-M) for Option contracts from 27th September 2021.
Here’s what this means for you:
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Orders placed with aforesaid condition, if any, will be rejected by the Exchange with message - as ‘Stop Loss Market (SL-M) orders are not allowed by exchange on stock and index options. Please place a Stop loss limit (SL-L) order instead.’
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The change is applicable only for orders placed in Index options and Stock Options contracts
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Stop Loss orders with limit condition (SL-L) will continue to remain available for all contracts
