Why was the buy GTT order rejected?
The GTT order can be rejected for the following reasons:
- Insufficient cash margins: The GTT order can be created even if sufficient funds are not maintained in the Zerodha account. However, funds are required when the GTT is triggered. The GTT order is rejected with the following message if sufficient funds are not maintained in the Zerodha account during GTT execution.
Why is there an error in creating in GTT order?
The GTT order will not be created if the trigger conditions are not entered correctly. An error is displayed in the following cases while creating GTT:
- If the stock price is greater than ₹50, the GTT trigger should be 0.25% away from the current market price of the shares.
- If the share price is lesser than ₹50, then the GTT trigger should be at least 9 paise away from the current market price.
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