Stop loss order getting rejected

kontacthimanshu

Hi,

When I am placing stop loss order for long bank nifty options it is getting rejected with following error:

16283 : Order price is not a multiple of tick size

Please help as soon as possible.

Thanks,
Himanshu.

kontacthimanshu

Let me elaborate a bit here. When we place a long order of any instrument on Kite web portal, we sometimes immediately place a stop loss order by clicking the "Exit" menu option from the running trade. Can I place that kind of stop loss order through Python client?

I hope this clarifies my issue a little.

sujith

You will have to place a stoploss order with opposite transaction type.

kontacthimanshu

Ok, so for long bank nifty option the transaction type will be "TRANSACTION_TYPE_BUY" and for stop loss order as per your answer it will be "TRANSACTION_TYPE_SELL". If I am right in saying this, please tell me what will be order type? Will order type be "ORDER_TYPE_LIMIT" or "ORDER_TYPE_SL"?

rakeshr

so for long bank nifty option the transaction type will be "TRANSACTION_TYPE_BUY" and for stop loss order as per your answer it will be "TRANSACTION_TYPE_SELL"

Yes

Will order type be "ORDER_TYPE_LIMIT" or "ORDER_TYPE_SL"

SL order type, with trigger_price. Go through the order placement documentation here.