Stop loss for BANKNIFTY throws error

datatradersllp

kite.place_order(tradingsymbol='BANKNIFTY2241340000CE',
exchange=kite.EXCHANGE_NFO,
transaction_type='SELL',
quantity=25,
price=6.55,
variety=kite.VARIETY_REGULAR,
order_type='SL',
product=kite.PRODUCT_MIS,
trigger_price=7.25)
Error:
Trigger price for stoploss sell orders should be lower than the last traded price (6.45). Use limit order to sell at a higher price.

SRIJAN

The error message is self explanatory.

datatradersllp

i am trying to place a SL order for a sell position and how trigger price can be less than last traded price?

SRIJAN

Do you understand what are you even saying??

sujith

@datatradersllp,
You can know more about stop-loss orders here.