Limitations of limit order for price band of 20%

[prmr.amit]

Hello Team,

Can anyone please explain upto what price we can put limit order if circuit limit is 20% of any scrip?

Example - if stock is trading at Rs.100 and price band is 20% for that scrip, can we enter limit order of Rs. 85 or Rs. 115?

[prmr.amit]

But as per NSE to avoid erroneous transaction, limit order can be kept upto 10% limit only. what’s true ?

[nithin]

@prmr.amit

Example - if stock is trading at Rs.100 and price band is 20% for that scrip, can we enter limit order of Rs. 85 or Rs. 115?

The execution range is set by exchange for F&O contracts. Check this answer

NSE circular on execution range, can someone explain how it changes my life?

Got this email form my broker Until now, trading illiquid F&O contracts had an execution risk that if you placed a market order it could get executed at any price which could cause significant damage as an impact cost. To ensure orderly trading NSE (National Stock Exchange) has now defined an execution range for every contract as explained in the circulars below. CDS Circular - For Currency Contracts FNO Circular - For F&O Contracts This circular will be applicable starting today May 5…

With stocks, you can place limit orders within the price band set by exchange.