Equity Trading on WebNotes

How to cancel a pending order on Kite

Tue, 12 May 2026 00:00:00 +0000

Cancelling a pending order on Zerodha Kite removes it from the exchange order book and releases any margin blocked for the unfilled quantity. Orders can be cancelled at any point before they are fully executed, as long as they carry status Open (for resting limit and market orders) or Trigger pending (for SL, SL-M and GTT orders). This guide covers single order cancellation, bulk cancellation and cancellation of GTT orders.

Which orders can be cancelled

Order status	Cancellable?
Open	Yes
Trigger pending	Yes
Complete	No, the trade has executed
Cancelled	Not applicable, already cancelled
Rejected	Not applicable, never reached the exchange
AMO (queued)	Yes, before market opens

Partially filled orders can be partially cancelled: the filled portion cannot be reversed, but the unfilled remainder can be cancelled.

How to convert CNC to MIS on Kite

Tue, 12 May 2026 00:00:00 +0000

Converting a CNC (Cash and Carry) position to MIS (Margin Intraday Square-off) on Zerodha Kite changes the product code of a same-day buy from a delivery position to an intraday position. This conversion releases the excess margin blocked for full delivery, and makes the position subject to the MIS auto square-off at 3:20 PM IST if it is not manually closed earlier. The conversion is less common than the reverse MIS to CNC conversion but has legitimate use cases, primarily when a trader buys shares as CNC and later decides to exit intraday rather than hold overnight. This guide covers the procedure and important caveats.

How to convert MIS to CNC before square-off on Kite

Tue, 12 May 2026 00:00:00 +0000

When you buy equity shares using the MIS (Margin Intraday Square-off) product code on Zerodha Kite , Zerodha’s system automatically squares off the position before the end of the trading session, typically between 3:20 PM and 3:25 PM IST, whether you are profitable or not. If you decide mid-session that you want to hold the purchased shares overnight rather than close the position, you can convert the product code from MIS to CNC (Cash and Carry) using Kite’s position conversion feature, provided you do so before 3:20 PM IST and have sufficient funds to cover the full delivery margin. This guide explains the procedure step by step.

How to do BTST on Zerodha

Tue, 12 May 2026 00:00:00 +0000

BTST (Buy Today Sell Tomorrow) is an equity trading strategy on the Indian stock exchanges where you buy shares in the cash segment on one day and sell them the next day, before the shares have formally settled into your demat account. On Zerodha Kite , BTST is executed using the standard CNC (Cash and Carry) product code for both legs, and the settlement risk is managed by the exchange’s clearing corporation. This guide explains the procedure and the key risk unique to BTST: short delivery. The BTST reference article covers the conceptual background; this guide is the step-by-step how-to.

How to modify a pending order on Kite

Tue, 12 May 2026 00:00:00 +0000

Pending orders on Zerodha Kite , those with status Open or Trigger pending, can be modified to change the price, quantity or trigger price before they are executed. Order modification is a routine part of active trading: you may want to chase a price, reduce quantity after a partial fill, or adjust a stop-loss level. This guide explains the complete modification procedure on Kite and the important consequences of modifying an order in the exchange’s order queue.

How to participate in an auction trade on Zerodha

Tue, 12 May 2026 00:00:00 +0000

An auction trade on NSE and BSE is a close-out mechanism triggered when a seller in the equity cash segment fails to deliver shares on the settlement due date (T+1 under the current T+1 settlement cycle). The exchange conducts a buy-in auction, where other market participants can offer the undelivered shares at a premium price, and the defaulting seller bears the penalty. Retail investors on Zerodha can be affected by auction trades in two main ways: as a buyer whose shares were not delivered (the aggrieved party), or as a holder of shares who chooses to participate in the auction by offering their shares at the auction price. The auction market reference article provides the conceptual background; this guide covers the practical steps.

How to place a basket order on Kite

Tue, 12 May 2026 00:00:00 +0000

A basket order on Zerodha Kite lets you configure multiple buy and sell orders across different instruments and submit them all at once with a single click. This is useful for portfolio rebalancing, executing a multi-leg option strategy, or simultaneously entering positions in a watchlist of stocks without having to open each order ticket individually. The basket order reference article explains the concept; this guide covers the step-by-step placement procedure on Kite web.

How to place a GTT order on Kite

Tue, 12 May 2026 00:00:00 +0000

A Good Till Triggered (GTT) order on Zerodha Kite is a standing conditional order that persists across multiple trading sessions until a specified trigger price is reached, up to a maximum validity of one year. When the trigger fires, Kite releases a limit order to the exchange on your behalf. GTT orders solve the key limitation of regular SL orders and limit orders , which expire at the end of each session; with GTT, you can set a buy-on-dip or take-profit target and walk away for days or weeks without needing to re-enter the order every morning. The GTT order reference article documents the product in detail; this guide covers the placement procedure step by step.

How to place a limit order on Kite

Tue, 12 May 2026 00:00:00 +0000

A limit order lets you specify the exact price at which you are willing to buy or sell a security. On Zerodha Kite , a limit order is placed by selecting LIMIT as the order type and entering a price in the Price field. The exchange will fill the order only at your specified price or better, never worse. If the market does not reach your price by the end of the session, the order expires unfilled. This guide covers the full procedure for placing a limit order on Kite, along with the considerations relevant to Indian equity markets.

How to place a market order on Kite

Tue, 12 May 2026 00:00:00 +0000

A market order is the simplest order type available on Zerodha Kite : it instructs the exchange to fill the order immediately at the best price available in the order book, without specifying a price limit. Market orders are appropriate when certainty of execution matters more than certainty of price, for example when entering or exiting a position quickly in a liquid, large-cap stock. This guide explains exactly how to place a market order on Kite, what the controls do, and what risks to account for.

How to place an AMO on Kite

Tue, 12 May 2026 00:00:00 +0000

An After Market Order (AMO) on Zerodha Kite is an order placed outside the regular NSE/BSE trading session (9:15 AM to 3:30 PM IST) that is queued and forwarded to the exchange when the next session opens. AMOs let investors and traders act on research or news that arrives after market hours, locking in their intended price or order parameters without having to be present at the opening bell. This guide covers the complete placement procedure for an AMO on Kite, the timing windows, and what to expect at execution.

How to place an iceberg order on Kite

Tue, 12 May 2026 00:00:00 +0000

An iceberg order on Zerodha Kite is a large order that is split into a series of smaller visible legs, each of which is released to the exchange only after the previous leg has been filled. Other market participants can see only the current active leg in the order book; the total order size is hidden, which reduces market impact and prevents other traders from pricing against your large order. The iceberg order reference article explains the concept; this guide covers the placement procedure on Kite.

How to place an SL order on Kite

Tue, 12 May 2026 00:00:00 +0000

An SL (Stop-Loss) order on Zerodha Kite is a conditional limit order that sits dormant until the market price crosses a user-defined trigger price, at which point it releases a limit order to the exchange. It is distinct from an SL-M order in that the execution is bounded by a limit price rather than filled at the market price. This makes the SL order more price-controlled but introduces the risk of non-execution if the market gaps through the limit price. This guide explains the procedure for placing an SL order and the logic behind the two price fields.

How to place an SL-M order on Kite

Tue, 12 May 2026 00:00:00 +0000

An SL-M (Stop-Loss Market) order is a conditional market order on Zerodha Kite : it stays dormant until the last traded price touches a user-defined trigger price, then releases a market order to the exchange. Because the execution leg is a market order rather than a limit order, the SL-M virtually guarantees a fill in any liquid stock, at the cost of not controlling the exact exit price. This guide walks through the placement procedure and compares SL-M to the limit-variant SL order .

How to place your first equity buy order on Kite

Tue, 12 May 2026 00:00:00 +0000

This guide is written for investors who are opening a trading terminal for the first time and want to purchase shares of a listed company on the National Stock Exchange or Bombay Stock Exchange through Zerodha Kite . The procedure applies to both Kite web and the Kite mobile app , with minor interface differences noted throughout.

Understanding the order ticket before you start

Every buy order on Kite is entered through a single order ticket. Before placing an order you must understand three key fields.

How to short-sell intraday on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Intraday short selling on Zerodha Kite allows you to sell shares you do not own at the current market price, with the obligation to buy them back before the end of the same trading session. If the price falls between your sell and buy, you profit; if the price rises, you incur a loss. SEBI permits intraday short selling in the equity cash segment under a defined framework. The MIS product code makes this possible on Kite. This guide covers the complete procedure for executing, managing and closing an intraday short position on Zerodha.