1) When I placed an SL order for one of FINNIFTY instrument, Zerodha accepted my order but at the time of execution, it gave me below error. "The order was cancelled by the exchange because the price is outside the current allowed limit price".
Instrument: FINNIFTY 05th DEC 21150 PE Trigger Price: 88 Price: 98 The last trading price was in same range.
2) I had placed another SL order for one more FINNIFTY instrument and it got executed successfully. Instrument: FINNIFTY 05th DEC 21200 PE Trigger Price: 124 Price: 134
In both the above scenarios, I've used same logic to place the SL orders. But one got rejected and one got placed. So I'm not able to figure out the issue.
If the price was outside the current allowed price limit, then what should have been the price to get successfully executed? Any help would be greatly appreciated.
https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/kite-error-messages/articles/price-out-of-lpp-range