Why is my F&O order getting rejected, stating that the contract is in the ban period?
New positions cannot be created in contracts during the ban period. Any scrip trading in the F&O segment will have a market-wide position limit (which indicates the maximum open positions a script can have). The scripts will be banned only when the open interest reaches 95% of the market-wide position limit. Once the scrips get banned, clients shall be allowed to trade in these contracts only to close their positions. Once the positions are decreased and the open interest comes down to 80% of the market-wide position limit, the trading shall resume for such contracts.
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