FinNifty futures on Zerodha

Sun, 21 Jun 2026 00:00:00 +0000

FinNifty futures are futures contracts on the Nifty Financial Services index, listed on the National Stock Exchange (NSE) and traded in India through brokers including Zerodha . The underlying index tracks 20 financial-sector stocks, banks, non-banking financial companies, insurers and other intermediaries, and is maintained by NSE Indices Limited. One FinNifty futures contract is a lot of 60 units from the January 2026 cycle, settles in cash against the index close, and expires on the last Tuesday of its month under the schedule SEBI set from September 2025.

Why MIS is blocked for FINNIFTY contracts on Zerodha

Sun, 21 Jun 2026 00:00:00 +0000

MIS, Zerodha’s leveraged intraday product, is blocked for a FINNIFTY contract when that contract’s open interest is below 20,000 quantities, equal to 500 lots. Kite shows “MIS (Intraday) is blocked for this FINNIFTY contract,” and the block is a liquidity rule: an illiquid strike cannot be auto-squared-off safely with intraday leverage, so Zerodha restricts the leveraged product to liquid contracts.

The fix is to switch to NRML , which carries no MIS liquidity block but needs the full overnight margin. This article covers the exact message, the precise 20,000-quantity threshold and how it is derived, why the auto-square-off risk drives the rule, the fact that exits are always allowed, and how the same liquidity logic governs which index-option contracts accept market orders.

FinNifty on WebNotes

FinNifty futures on Zerodha

Why MIS is blocked for FINNIFTY contracts on Zerodha