Option order rejected

[newguy]

Guys what does this mean? I tried to buy 400 qty of banknifty jan 26100 PE at MKT Price
RMS:Rule: Option Strike price based on Ltp percentage for entity account- MyAccountID across exchange across segment across product

[Bhuvan]

I'm trying to palce an order in Bank Nifty but my order is getting rejected. I'm getting the error"RMS:Rule: Option Strike price based on Ltp percentage for entity account-ID across exchange across segment across product". Why is this?

RMS:Rule: Option Strike price based on Ltp percentage for entity account-ID across exchange across segment across product If orders to open new positions in BankNifty options are placed outside the range allowed by the mandated Open Interest restriction (i.e OTM & deep OTM strikes), the order is rejected & the above error is displayed. Please refer this post for more information.

[kavita]

Hello
Same problem is facing by me. I tried to sell already bought lichsgfin jan 590 ce at Mkt price
RMS:Rule:check circuit limit including squareoff order exceeds the entityb account-a/c id across exchange across segment across product.
what is it mean…i counldnt able to understand

[Bhuvan]

@kavita

what is it mean…i counldnt able to understand

Check this

"RMS:Rule: Check circuit limit including square off order exceeds for entity account-**** across exchange across segment across product"

loke4300 explained it very well. Open trade.zerodha.com (Web version) and then click Z5. When Z5 application opens, choose your scrip name in Market watch and right click it, you will get a pop up menu, in that choose “Scrip Info” A dialog box will appear with scrip related information. Skim through the details and find the following Lower Circuit Limit Higher Circuit Limit Your trigger price, limit price etc what you use for placing orders should fall with in this range of Lower and Highe…