You will get this error when your broker has disabled trading for the scrip. The error can be any one of the following type:
- Intraday product blocked for certain scrips
- Entering MARKET or SL_MARKET orders for options when they are blocked by your broker (mostly seen in F&O)
- Trading blocked for certain option strike prices
- Bracket or Cover orders are blocked for certain scrips
- Intraday trading blocked for far month futures (those that are not the closest to current date)
- Buy orders are not allowed for stock options due to compulsory physical delivery. Try next month’s expiry.
Solution
AutoTrader Web never puts restrictions on orders. The stock broker’s RMS (risk management) teams normally put restrictions on certain scrips. Some of the reasons for restrictions are given below:
- Illiquid scrips
- Heavy volatility expected in markets (in events like war or election results etc.)
- Highly volatile scrips
- Scrips that have recently hit circuit limits
Once your broker starts allowing trading in these scrips, you will stop getting this error. For more details, you can approach your stock broker’s customer care.