Hello friends,
I placed the following order :
The stock was trading on BSE
This is a CNC order
The market price was 70
I put Limit 67
But upon placing the order i got error saying this : RMS:Rule: Check circuit limit including square off order exceeds for entity account-XXXX across exchange across segment across product.
i think,
you are placing 3 rs less limit order that is more than 10 % away from current price…
that is range or circuit limit for placing order for this particular scrip…
so try placing order within 10 % price range from current price.
The exchange sets a limit everyday based on the previous closing price of that stock, this limit is the upper circuit and lower circuit. You cannot place orders to buy/sell beyond this limit. That is the reason for the rejection. You can check the limits on the NSE site on nseindia.com