Comment on Deciphering NSE's 'Execution Range' circular.

Menaakshi Gupta commented on 28 Sep 2017, 08:45 PM

Hi,

I had purchased 1000 banknifty 24700 CE 21SEPT17 (high volume option on a weekly expiry day) expiry in the morning, in some time(10:01am) of the day, price moved to 32. I hit the sell button with price 18, thinking that it will get executed at best price. But the order got cancelled even at that time the market price was between 23-24. The error was same as mentioned out of execution range. can any please explain why so, wanted to take this to Exchange, since i am not convinced.

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