When stocks are moving up and down fast or a lot of speculation on it, exchanges move them into a category called T2T. Once in that category, you can do only delivery based trades(CNC). That is buy, wait for it to come to your demat after 2 days and then only sell. Check this link on knowing how to see the category of stocks.
Why don’t zerodha disallow (disable MIS) for such scripts while placing order itself. why it has to come as a response. What is the use of technology then? you already know some script has hit lower freeze or upper circuit so disable the MIS option altogether.