Exchange has introduced the following changes for market order in Option Index & Option Stocks -
1. LTP is not an available in option for the day market orders in such a scenario shall be rejected by the Exchange by with below rejection.
17181: Contract not traded. Market order not allowed
2.Market Orders shall be allowed to be traded only up to a certain mark-up/down price above/below Last traded Price (LTP). otherwise order will be rejected from exchange end with below rejection.
17182: Order could have resulted in trade beyond mark-up price
Initially, parameters to arrive at the mark-up/down shall be set as follows
|Instrument||% Of LTP||Minimum absolute Range (Rs.)|
3. Stop Loss orders with Market for Index options and Stock options contracts are not allowed . with below rejection .Already live since Sep 27 2021
16052: Function not available
For further details check out exchange circular here
Get started today to really enjoy your trading experience. Fill in your details, connect your bank account & upload your documents.Open Trading Account