How to fix a theoretical-price rejection on Zerodha

Sun, 21 Jun 2026 00:00:00 +0000

The rejection that asks you to “place your order around the theoretical price” or “around the fair value” appears on Kite when your order price sits too far from where the contract should trade, which happens most on illiquid F&O options. It is not the same as a price-band rejection , which is about the daily circuit limit. This rejection is a fair-value guardrail: in a thin option the last traded price can be stale and the bid-ask spread wide, so an order placed far from the theoretical price can fill at a poor price or be used to move money artificially between accounts. The fix is to place a limit order near fair value, inside the exchange’s protection band, rather than a market order at an extreme price.

The stop-loss trigger price not within the exchange permissible range error

Sun, 21 Jun 2026 00:00:00 +0000

The error “The difference between the limit price and trigger price for SL orders is over the exchange permissible range” on Kite means the gap between the trigger price and the limit price in your stop-loss-limit order is wider than the band the exchange allows. NSE caps that difference for all stock, currency and index F&O contracts, on both new orders and modifications, so a too-wide gap is rejected.

The fix is to narrow the gap and keep both prices inside the instrument’s limit-price-protection band, on the correct side of the last-traded price, and on a valid tick. This article covers the exact message, the NSE rule behind it, the limit-price-protection (LPP) ranges that bound a valid order, the tick-size and price-direction rules that trip the same intent, and how to set a trigger that the exchange accepts.

LPP on WebNotes

How to fix a theoretical-price rejection on Zerodha

The stop-loss trigger price not within the exchange permissible range error