Bracket order discontinuation (historical)

Mon, 11 May 2026 00:00:00 +0000

Overview

A bracket order (BO) was an advanced intraday order type offered by Zerodha and several other Indian brokers that combined three linked orders into a single instruction: an entry order, a stop-loss order, and a target order. The three-legged structure allowed a trader to define the entry price, the maximum loss (stop-loss), and the desired profit exit (target) in a single order placement, with the bracket structure ensuring that once any one of the three legs executed (stop-loss or target), the remaining leg was automatically cancelled.

MIS product code on Zerodha

Mon, 11 May 2026 00:00:00 +0000

MIS (Margin Intraday Squareoff) is a product code on Kite, Zerodha’s trading platform, that designates an order as an intraday trade. Positions opened under MIS must be closed within the same trading session. If a MIS position remains open at approximately 3:20 PM, Zerodha automatically squares it off (closes it) at the prevailing market price. In exchange for the intraday restriction, Zerodha offers additional leverage over the CNC equity delivery product.

MIS is available for equity (cash segment), equity derivatives (F&O), currency derivatives, and commodity derivatives. It is the primary product code for active intraday traders on Kite.

Intraday Trading on WebNotes

Bracket order discontinuation (historical)

Overview

MIS product code on Zerodha