Off late , i am getting lot of STOP_LIMIT order failures with the error - EXCH:16283:The order price is not multiple of the tick size. I always trade in BANKNIFTY , and the prices and trigger prices are of multiples of .05 .
Also went through some stop-limit trades which were not rejected and the prices are of multiples of .tick size .05 . Kindly help and suggest
Here are some actual samples -
| Symbol | Exchange | Time | Buy/Sell | Order Type | Product | Qty | Traded Qty | Price | Trigger Price | Status | Order no | Exhange Order no | Reason | Other Info. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BANKNIFTY 16 APR 48800 PUT | NSE | Fri Apr 12 2024 09:52:47 GMT+0530 (India Standard Time) | Sell | StopLimit | Intraday | 60 | 0 | 297.35 | 297.85 | Rejected | 32240412120805 | 1700000024443630 | EXCH:16283:The order price is not multiple of the tick size. | |
| BANKNIFTY 16 APR 48600 CALL | NSE | Fri Apr 12 2024 10:54:39 GMT+0530 (India Standard Time) | Sell | StopLimit | Intraday | 60 | 0 | 289.3 | 289.8 | Rejected | 52240412228005 | 1500000053780762 | EXCH:16283:The order price is not multiple of the tick size. | |
| BANKNIFTY 16 APR 48600 CALL | NSE | Fri Apr 12 2024 11:04:18 GMT+0530 (India Standard Time) | Sell | StopLimit | Intraday | 60 | 0 | 297.5 | 298 | Rejected | 32240412240305 | 1500000056710524 | EXCH:16283:The order price is not multiple of the tick size. | |
| BANKNIFTY 16 APR 48800 PUT | NSE | Fri Apr 12 2024 11:34:59 GMT+0530 (India Standard Time) | Sell | StopLimit | Intraday | 60 | 0 | 273.75 | 274.25 | Rejected | 52240412270605 | 1700000070769957 | EXCH:16283:The order price is not multiple of the tick size. | |
| BANKNIFTY 16 APR 48700 PUT | NSE | Fri Apr 12 2024 14:54:55 GMT+0530 (India Standard Time) | Sell | StopLimit | Intraday | 60 | 0 | 240.2 | 240.7 | Rejected | 42240412546905 | 1800000168209982 | EXCH:16283:The order price is not multiple of the tick size. |