Error: Trigger price should be 5.5% for tataglobal-eq

ravikumar555

Hi,

Got this error "trigger price should be 5.5% for tataglobal-eq" today for CO order (Short sell) placed at 2017-08-28 09:39:39
My ID: ZE9088

Why this error? Isn't 5.5% SL not too high? Is there a threshold for Trigger price and does it vary for different price range.

Appreciate your response

Thanks
Ravi

ravikumar555

Another Question...Just got to know, getTriggerrange() api returns range... if ltp is, 193.3...then the api returns start =193.3, end=203.9 and percent =5.5 ...How do i interpret this response while placing a CO?

sujith

Hi @ravikumar555,
When you are placing a cover order, you need to specify trigger price whose value will be in between the range 193.3 to 203.9, in other words, trigger range can be up to 5.5% of scrip price.

Basically, when you are placing a cover order, your value of trigger price should be in between trigger range start and end.

ravikumar555

Thanks Sujith