View all categories

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.