What does the order rejection error “RMS:Rule: Clientwise position limit exceeds OI Limit Not Found for SCRIP” mean?
RMS:Rule: Clientwise position limit exceeds OI Limit Not Found for SCRIP.
This error occurs when exchange stipulated Open Interest [OI] limit has been hit for that scrip i.e
market wide position %
is more than 5% for a scrip & new positions can’t be opened in that scrip.
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