Is there any limits for futures orders on the NSE?
Yes, the National Stock Exchange (NSE) enforces strict price and quantity limits for futures orders to promote orderly trading and prevent excessive speculation. Traders must operate within these defined boundaries when placing orders.
Price limits
- Stock futures: Order price must be within ±20% of the previous day’s closing price.
- Index futures: Tighter band of ±10% from the previous day’s close.
These thresholds are enforced automatically by the exchange to prevent sharp, erratic price movements.
Quantity limits
The NSE also places dynamic limits on the maximum number of contracts allowed per order. These are known as freeze quantity limits and are enforced to preserve market stability.
- Freeze quantity limits vary by instrument and are based on liquidity and volatility.
- If your order exceeds the allowed quantity, it may be rejected or partially filled.
What if...
| Scenario | Resolution |
|---|
| Order rejected due to price limit | Check the previous day’s close and re-enter your order within the allowed price band. |
| Order fails due to high quantity | Break the order into smaller parts or refer to the applicable freeze limits for the contract. |
Last updated: 27 Jun 2025
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