Regarding market order placement as per new guidelines
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As per new SEBI guidelines are market orders allowed to be placed after 1st April 2026 if my OPS limit is less than 10. @admin @admin123 @algo_trading_50 please let me know.
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@preetham Market orders will be converted to a limit order with MPP (Market Price Protection) from April 1, 2026.
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@Preetham you can place market orders in SmartAPI. They will be converted to Limit orders before sending it to the exchanges by MPP.
But it is better that the user himself sends limit orders so that the algo can predict if the orders are going into pending state.