Can any one let me know what is the percentage for Upper and Lower circuit for currency pairs ?
Derivative contracts donât have any upper/lower circuit, it can move as much as they want in a day.
The upper/lower circuit keep changing in a day. Refer the link http://tradingqna.com/1799/circular-execution-range-can-someone-explain-changes-life?show=1799#q1799
sdg, that is the execution range and not the circuit limit. Execution range ensures that a market order doesnât get executed beyond that range.
I agree. But, from the point of placing the order, the execution range act as upper/lower limit. The âSnap Quote Panelâ shows the range limit as âUpp Ckt Lim/Low Ckt Limâ at that particular time of order placing.
execution range keeps varying within the day as and when it gets breached.
oh ok. Thanks for clarifying that.
It says Options with reference price>0.5, execution range is 10% of reference price, on both sides.
For all other contracts (not traded in the last 1 minute), the reference price shall be the theoretical price based on the latest available underlying price. I tried to place an order for USDINRDEC74PE on 15.10.2018. It shows previous close of 2.5050 with no trade today, but the current price shown as 1.3095 (-47.72%). I tried several prices to check but at every price, my order gets rejected with circuit limit message by zerodha. How to find what is the applicable circuit limit (or execution limit) for such order? I donât use pi (no access to snapquote), and why trade is not allowed? (for eg, option seller may want to square off his losses at whatever price)
Circuit limit and execution ranges are two different things.
Check this for more on these. Also, soon we will provide circuit limits on kite itself.