Zerodha SL-M Circuit limit

SLM with trigger outside circuit limits

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A Stop-Loss Market (SL-M) order with trigger price outside the day’s circuit limits is rejected by Kite at order placement. The validation ensures orders are realistic given the price-band constraints.

What SL-M is

SL-M is an order that:

  • Triggers when the LTP crosses the specified trigger price.
  • Once triggered, executes as a market order.

If the trigger price is set outside the day’s circuit limits , the trigger can never fire (price cannot reach the circuit-limit-bounded range).

Why rejected

Exchange validation:

  • Order trigger price must be within the day’s price band.
  • Outside-band triggers would be permanently inactive.
  • Rejection prevents accumulation of “dead” orders.

How to fix

  1. Check the day’s circuit limits for the scrip.
  2. Set the trigger within the band.
  3. Resubmit.

Workaround

If you need a wider trigger range:

  • Wait for next-day pricing (circuit limits reset daily).
  • Use GTT (Good Till Triggered) for multi-day triggers; GTT has different validation.

See also

External references

References

  1. Zerodha Support, Order rejection reasons, support.zerodha.com.
  2. NSE India, Circuit filter framework, nseindia.com.

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