A minimum price on which shares can be traded on that particular day. When there are so many sellers and none of the buyers buy shares. The price of share touches to lower level of limit called ” Lower Limit” or “Lower Circuit”

A maximum price on which shares can be traded on that particular day. When there are so many buyers and none of the sellers sell shares. The price of share touches to upper level of limit called ” Upper Limit” or “Upper Circuit”