What are the criteria for accepting Market Order in Options?

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Market Buy Orders can be placed for Options on Nifty and Bank Nifty,  provided that they meet certain conditions: 

• Selection of two near-weekly and one near-monthly Options contracts.
• Ensuring a minimum of 10 lots of Open Interest and a Trading Quantity of at least 10 lots. (Liquidity is determined based on the previous day's Open Interest and Trading Volume)
• Selecting strike prices that are within 10% Out of The Money(OTM) and 5% In The Money(ITM) based on the closing prices from the previous day.
• Such Market Orders will be validated against buying power of 110% of the best sell rate.
• Market Orders will not be permitted if there are no sellers available on the counter.