Guides
A growing collection of how-to guides and reference notes.
- Required margin vs final margin on a Kite basket
A Kite basket shows two margin figures: the required margin to place all legs and the lower final margin actually blocked after the hedge benefit settles.
- Put-call ratio
The put-call ratio compares put activity with call activity. Learn OI-based and volume-based PCR, contrarian interpretation, typical ranges, and limits.
- Purchases blocked: CDSL doesn't allow credit (P and ZP group stocks)
Kite shows 'Purchases are blocked as CDSL doesn't allow credit' on P and ZP group stocks because those securities are not eligible for credit into a CDSL demat. Here is why, and how to act.
- Price Reasonability Range (PRR) and the execution range
The Price Reasonability Range, or execution range, is a dynamic band NSE and BSE set around a contract's reference price within which an order can execute, to stop freak trades. It is not the daily price band.
- Physical delivery timing on Zerodha
When the delivery margin ramps in expiry week, when stock F&O obligations are computed, when shares and funds actually move at T+ days after expiry, and how give and take delivery obligations net on Zerodha.
- Physical delivery risks in stock F&O
Why a small option premium can hide a large delivery obligation, how the short-delivery buy-in auction penalty works, the cost of taking or giving delivery, and why Zerodha auto-squares-off some stock F&O positions before expiry.
- PAN card
Stub article on the Permanent Account Number (PAN) card. A full encyclopedic entry is pending.
- Order execution time shown beyond market hours
An order log can show a timestamp outside 9:15 to 3:30, from AMO batch release at open, the 3:40 to 4:00 post-close session, settlement-batch stamps, or exchange-clock lag. Here is how to read each.
- Option premium
Option premium is the price the buyer pays and the seller receives, made of intrinsic value plus time value. Covers Kite premium credit and debit, the Greeks, and the buy-back debit.
- Open interest
Open interest is the count of outstanding F&O contracts. Learn OI versus volume, the price-OI build-up matrix, and where Kite shows open interest.
- NSE Emerge
Stub article on NSE Emerge. A full encyclopedic entry is pending.
- NRI IPO applications and rights issues
How NRIs apply for IPOs and rights issues in India: the NRE and NRO route, UPI ASBA availability, repatriable versus non-repatriable basis, and the FEMA framework.
- Nifty weekly expiry on Zerodha
Nifty 50 weekly options are NSE's surviving weekly benchmark, expiring Tuesday since 1 September 2025, the most liquid index option in India, listed on Zerodha Kite.
- Nifty Next 50 futures on Zerodha
Nifty Next 50 futures on Zerodha: the index of companies ranked 51 to 100, lot size, Tuesday expiry, cash settlement, and the liquidity caveats that distinguish it from Nifty 50 futures.
- Nifty Midcap (Midcap Select) trading restrictions on Kite
Nifty Midcap Select trading on Kite carries MIS leverage limits, no extra option-buying leverage, and the November 2024 discontinuation of its weekly options, leaving only monthly contracts. Here are the rules.
- Nifty 50 futures contract specifications
Nifty 50 futures on NSE as traded through Zerodha: lot size, tick size, three serial monthly contracts, Tuesday expiry, cash settlement, and the margin to hold one lot.
- NCDEX agri contracts and Zerodha
Zerodha does not offer NCDEX; it routes commodity F&O only to MCX and NSE. The NCDEX agri contracts and the SEBI suspension of seven agri derivatives, explained.
- Natural gas futures on MCX via Zerodha
MCX natural gas and natural gas mini futures on Zerodha Kite: lot size, tick, NYMEX Henry Hub linkage, expiry, margins, and the volatility retail traders underestimate.
- Moneyness: in-the-money, at-the-money, out-of-the-money
Moneyness classifies an option as in-the-money, at-the-money or out-of-the-money by where the underlying sits relative to the strike, which sets the split of intrinsic and time value and maps to delta and the physical-settlement trap on ITM stock options.
- MIS and CO positions when circuit limits are hit
When a stock locks at its circuit limit, intraday MIS and cover order positions cannot be squared off and convert to delivery, exposing you to auction penalties.
- Midcap Nifty futures on Zerodha
Nifty Midcap Select (Midcap Nifty) futures on Zerodha: the 25-stock midcap index, lot size, Tuesday expiry, cash settlement, and the November 2024 weekly-options discontinuation while futures continue.
- MCX vs international price disparity
Why MCX crude, gold, silver and natural gas prices diverge from CME, COMEX, NYMEX and Henry Hub: rupee-dollar, import duty, the day-night session gap and arbitrage.
- MCX agri and pepper trading restrictions
Why agri commodities face tighter rules on MCX and NCDEX: the SEBI suspension of seven agri derivatives from December 2021, position limits, and food-inflation policy.
- Maximum allowed order modifications exceeded on Zerodha Kite
Zerodha caps a single order at 25 modifications; the 26th attempt returns 'Maximum allowed order modifications exceeded'. Cancel the order and place a fresh one.
- Max pain theory
Max pain is the strike that minimises total payout to option buyers at expiry. Learn how it is computed from OI, the pin-risk idea, and its empirical limits.
- Market-to-limit conversion in the pre-open session
In the NSE pre-open session a market order is reckoned for the call-auction equilibrium price, then any unmatched part converts to a limit order at that price for the normal market.
- Market price protection on the Kite order window
Market protection on the Kite order window converts a market order into a protected limit order beyond a set percentage cap, guarding against freak fills.
- Market price protection in ATO (Alert Triggers Order)
Market price protection in an Alert Triggers Order (ATO) converts the auto-placed market order into a protected limit order when an alert fires, capping slippage.
- Market depth and snap quote
Stub article on market depth and snap quote. A full encyclopedic entry is pending.
- Kite stock SIP overview
A Kite stock SIP is a recurring buy of equities or ETFs from a saved basket on Zerodha. It places real delivery orders on schedule and skips a cycle if funds fall short.