NIFTY FUTURES AMO REJECTED

tapanjbhatt · March 2022

I use latest kite connect python client (kiteconnect==4.0.2). When i placed order like this, it gets rejected with 'instrument is invalid':

order_id = kite.place_order(tradingsymbol='NIFTY22MARFUT',
exchange=kite.EXCHANGE_NSE,
transaction_type= kite.TRANSACTION_TYPE_BUY,
quantity=50,
variety=kite.VARIETY_AMO,
order_type=kite.ORDER_TYPE_MARKET,
product=kite.PRODUCT_CNC,
validity=kite.VALIDITY_DAY)

I have doubly made sure that the trading symbol is correct one, in upper case as retrieved from "https://api.kite.trade/instruments/NFO".

The same order gets accepted from kite connect API if I pass symbol 'RELIANCE', why 'NIFTY22MARFUT' does not work.

Also, order for 'NIFTY22MARFUT' gets successfully placed from kite UI order window, only kite connect API fails.

Not sure this happens only for AMO orders or all orders of this instrument. it's night time so I could test only AMO as off now.

SRIJAN · March 2022

You should gain some basic stock market knowledge before trying algo trading.

NFO is the exchange for all equity derivatives.
Also,CNC product type is for equity only. For derivatives,MIS or NRML should be used.

https://kite.trade/docs/connect/v3/orders/#glossary-of-constants

tapanjbhatt · March 2022

oops ...my bad...

thanks for taking time and patience to reply this

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NIFTY FUTURES AMO REJECTED