Regarding Limit Price Protection and Operating Price Range

1

Hi Dhan Team,

@Dhan @Siyanka @iamshrimohan @PravinJ

Greetings of the day!

i need a clarification regarding the LPP Limits

https://www.nseindia.com/trade/limit-price-protection-faqs

https://nsearchives.nseindia.com/web/sites/default/files/inline-files/FAQs_on_Limit_Price_Protection.pdf

Here what i have understood is that

LPP is not applicable in case when the

Sell order price is greater than High LPP limit

and Buy order price is lower than the Low LPP limit

Essentially it is only applicable on stop loss order and not on take profit order of an open position

Is my above understanding correct ?

The above link also mentions Operating Price Range (OPR) which is different from LPP, how is this calculated for options an example would be highly appreciated.

The reason i am asking is i many time put an Take Profit order at a price which is far away from current LTP of an option, now i want to make sure that my order is not cancelled because of this OPR and LPP Limit and i want to send the TP order only when it is in range.

Regards

2

Hi @Sarita77,

As mentioned in the exchange FAQ shared above, the LPP is applicable for all the order types having limit price which means Limit and Stoploss Limit order. We have explained about the LPP with an example in the below post.