What does the error "RMS:First leg of cover order already got rejected" mean?

RMS:First leg of cover order already got rejected

This error occurs If cover order isn’t allowed in the scrip.

This error also occurs in volatile scrips when placing the order, if the market price varies quickly making the stop loss trigger price entered out of the allowed range.

image

CO isn’t allowed on BSE scrips, Stock Options, Currency Options & BankNifty. One can check if CO is allowed on a particular scrip by checking the Margin Calculator.