When is Zerodha GTT rejected?

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A Zerodha GTT order has no checks at the time of order placement. You need to set the trigger price, limit price, stop loss (if opted for OCO order). However, there are certain scenarios when the orders may get rejected, canceled or may not get executed even when triggered.

Common scenarios when a GTT order gets rejected or canceled:

  1. Insufficient or No margins in the account.
  2. Insufficient or No holdings in the Demat account.
  3. T-PIN not authorized.
  4. No match found for set limit price cancels a GTT triggered order at the end of the trading day.
  5. The difference between the GTT trigger price and the Last traded price (LTP) is less than 0.25% of stock value for stocks with a market price greater than Rs 50.
  6. The difference between the GTT trigger price and the Last traded price (LTP) is less than 9 paise for stocks with a market price lesser than Rs 50.
  7. Corporate action events on a particular stock cancel the GTT order one day before the Ex-date of such Corporate action for that specific stock.
  8. Expiry of GTT validity post 365 days.


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