What does the error “16284 : Order price is out of Day’s price range” mean?
16284 : Order price is out of Day’s price range.
When a Limit [LMT] or Stop Loss [SL] order is placed outside the exchange stipulated range in Nifty Futures & Options [NFO], generally 20% [i.e if CMP is 100 one can transact within the range of 80-120] the order gets rejected & the above error is displayed.
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