Your GTT order can be rejected for various reasons:
- Holdings not authorised using CDSL TPIN for sell GTT orders: You need to pre-authorise sell GTT orders using CDSL TPIN if you opened your trading account without submitting the physical POA or DDPI. The authorisations are valid for only one day, and you must make a fresh authorisation every trading day after 7 AM, as Kite updates the holdings by that time.
- Insufficient holdings in the demat account: When the exchange triggers a GTT, it places a limit order on the exchange. If you do not have enough holdings of the specific stock in your demat account, the exchange will reject your GTT order.
- Series change or suspension of the share: The exchange rejects GTT orders if the shares have undergone a series change.
- Segment disabled using Kill switch: If you have disabled the segment using the Kill Switch feature, the exchange will reject GTT orders triggered for that segment.
Things to keep in mind
- A GTT (Good Till Triggered) for the equity segment is valid for one year from the placement date. After one year, the exchange automatically cancels the GTT, but you can recreate it if necessary.
- You can have a maximum of 250 active GTTs simultaneously in your account.
- You receive an email notification whenever the exchange triggers a GTT and places an order on the exchange. Before placing a GTT, review the terms and conditions by visiting zerodha.com/tos/gtt.