When do orders in Futures Plus get freezed?
Orders in Futures may get freezed at the exchange end. There are two types of Freeze orders specified by exchange:
1. Price Freeze - In case of Stock Futures orders are freezed by exchange, if the price range specified is beyond ± 20% of base price i.e. previous days closing price. In case of Index Futures or Basket Futures orders are freezed by exchange, if the price range specified is beyond ± 10% of base price i.e. previous days closing price. However, the above price ranges may be changed depending upon the market volatility.
2. Quantity Freeze - In case of Stock Futures the quantity for each stock is specified by exchange from time to time and single order value should not normally be beyond Rs. 4 Crores. In case of Index Futures the quantity should not be beyond 15000. For further details on the respective quantities for each stock please refer NSE site. http://nseindia.com/content/fo/qtyfreeze.xls