As per the exchange regulation, each stock market orders need to be capped with certain quantities. The maximum quantity in one order is also called as Quantity Freeze Limit. The applicable quantity limit is as per the following table.
|Segment||Maximum Quantity OR Turnover per order (whichever is lower)|
|Equity Cash||50000 Qty OR 50 Lacs Turnover|
|Nifty||1800 Qty OR 3 Cr Turnover|
|BankNifty||900 Qty OR 3 Cr Turnover|
|Finnifty||1800 Qty OR 3 Cr Turnover|
|MidCPNifty||5500 Qty OR 3 Cr Turnover|
For the list of all futures contract please Click here. To ensure the better risk management, TradeSmart has capped to 50000 qty (or 50 lac turnover) per order for equity cash.
Reason for this regulation:
- This helps to regulate the flow of the order within a specified limit and avoid unexpected moves in either direction.
- To avoid the execution of any accidental/intentional bulk orders that may affect the price of the stock. This risks the other traders too.
- This ensures the better liquidity in the market as the orders are going part by part.
How to place bulk quantities?
For bulk quantity, place the multiple orders to buy/sell more number of quantities. You may also place basket order in which you put multiple orders and submit at once.