What does minimum absolute range mean here? Does is mean difference between trigger price and limit price should be less than Rs. 10 or should it be definitely greater than that?
Let’s say I have a stoploss buy order for Nifty option with trigger price Rs 20 and limit price Rs. 27. Will that be valid? that is limit price should definitely be less that Rs 30? Or should it be minimum Rs 30 or greater than that?
@Meher_Smaran please assist.
Hi @samurai
Any SL limit order (trigger + limit price) with greater than the permissible limit will be rejected by the exchange.
For options with TP below 50, Absolute minimum range will be the range in terms of Rs. (10 rs here)
within which the order can be placed. Anything above this range, the order will be rejected by the exchange.
For options with TP above 50, the difference btwn TP and limit price can be 20% maximum.
That’s correct
It can be within 30. So, 27 is a valid order
