Intraday on WebNotes

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 report intraday speculative income in ITR-3

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

Intraday equity trading, buying and selling the same share on the same trading day without taking delivery, is classified as a speculative transaction under section 43(5) of the Income Tax Act 1961. The income or loss from intraday trading is treated as speculative business income, which must be reported in ITR-3. This guide covers the end-to-end procedure for declaring intraday income using data from Zerodha Console.

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.

Bracket order (BO), legacy Zerodha feature

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

A bracket order (BO) was an advanced intraday order type formerly available on Kite, Zerodha’s trading platform. It enabled a trader to simultaneously place three linked legs: an entry order, a profit target, and a stop-loss with an optional trailing feature. The bracket order was discontinued by Zerodha in October 2020 following changes to SEBI margin norms and was not restored thereafter.

This article documents the bracket order for historical reference and for the benefit of traders who encounter it in older documentation, platform guides, or community discussions.

Console Positions report

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

Overview

The Console Positions report displays a Zerodha client’s open trading positions – that is, trades that have been executed but not yet squared off or settled. It covers intraday equity positions (MIS, BO, CO product types on Kite Zerodha), futures positions, options positions (both long and short), currency derivative positions, and commodity derivative positions. The report is updated in near real time during market hours and represents the current exposure of the client across all active segments.

Cover order (CO) on Zerodha

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

A cover order (CO) is a special intraday order type on Kite, Zerodha’s trading platform, that combines an entry order with a compulsory stop-loss order placed simultaneously. The mandatory stop-loss is placed as an SL-M (Stop Loss Market) order at the time the entry order is submitted. Because the maximum possible loss on the position is pre-defined by the stop-loss range, the exchange and broker can offer higher leverage (lower margin requirement) for cover orders compared with standard MIS intraday orders.