Kite on WebNotes

Change in open interest

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

Change in open interest is the net number of futures and options contracts added or removed over a chosen period, measured against a reference point such as the previous close or the start of the trading session. Where open interest is the standing level of live contracts reported by the National Stock Exchange , the change is the flow into or out of that level, and it is the flow that tells a trader whether positions are being built or unwound right now.

Charges shown on the Kite order window

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

The Charges field on the Kite order window is an estimate of the all-in cost of the trade you are about to place, shown before you submit. It rolls up brokerage, securities transaction tax, exchange transaction charges, GST, SEBI charges, and stamp duty into a single approximate figure that updates live as you change quantity or price. Brokers are required to display applicable charges on the order placement window under exchange guidelines, and Kite does so as a pre-trade preview so the cost of trading is visible before, not only after, the order.

Fix GTT stoploss invalid for index options on Kite

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

The “GTT stoploss is invalid” prompt that appears when you buy an index option on Zerodha Kite is a deliberate nudge, not a rejection: it flags that you have not attached a protective GTT stop-loss to a long-option buy, and you can still place the order without one. Index and stock options support GTT as a single-leg order, so the fix is to complete the buy, then set a separate single-trigger sell GTT from the Positions tab as your stop. This guide explains why the prompt appears, how to place the buy and the GTT stop correctly, and the limitations that make a GTT stop best-effort rather than guaranteed.

GTC orders on Kite: why Good-Till-Cancelled is not natively supported

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

A Good-Till-Cancelled (GTC) order is an order that rests at the exchange indefinitely, staying live until it either fills or the trader cancels it, and Zerodha Kite does not offer one, because neither the National Stock Exchange nor the Bombay Stock Exchange supports an open-ended order validity. Both exchanges purge their pending order books at the end of each trading day, so an order cannot natively persist beyond the session. The closest tool on Kite is the GTT (Good Till Triggered) feature, which Zerodha runs on its own servers as a broker-level workaround, with a validity cap that makes it not a true GTC.

GTT as a stop-loss for options buying

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

A GTT (Good Till Triggered) stop-loss for options buying is a single-trigger sell GTT set on a long option position on Zerodha Kite , which releases a limit sell order to the exchange when the option’s last traded price touches your trigger; it works for index and stock options but is not an SL-M, so a fast move past your limit can leave the stop unfilled. GTT gives a long-option buyer a standing exit without re-entering an order each session, but it carries three structural limits that matter more for options than for equity: it releases a limit order rather than a market order, it fires only once, and on F&O it lives only as long as the contract. This article documents whether GTT works for long options, how to set it, and the specific risks of relying on it for a long-option stop.

GTT for F&O on Zerodha

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

A GTT (Good Till Triggered) order for F&O on Zerodha is a standing conditional order Zerodha supports on futures and options contracts, including index and stock derivatives, which fires a limit order at the exchange when the last traded price reaches the trigger, but which Zerodha governs with a set of derivative-specific limits the equity version does not carry. A GTT on an F&O contract is valid only until that contract expires, uses the NRML product type, restricts the OCO variant, and can leave a trader with a physical-delivery obligation if a triggered stock-derivative position is held into expiry.

GTT order limitations and rejection reasons

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

A GTT (Good Till Triggered) order on Zerodha Kite is a broker-stored conditional instruction that releases a single regular limit order to the exchange when your trigger price is touched, and it is rejected when that released order fails validation, most often for insufficient funds, a freeze-quantity breach, an ineligible or blocked scrip, or an expired contract; because the GTT is not lodged at the exchange and fires only once, it is best-effort rather than guaranteed. The distinction that trips up traders is that a GTT can pass placement-time checks today and still be rejected at trigger time months later, when the funds, eligibility, and exchange limits are re-evaluated. This article documents the instrument-eligibility, quantity, funds, and structural limits, the specific rejection messages, and the reason a GTT should be treated as a convenience layer, not a certainty.

GTT validity rules on Kite

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

A GTT (Good Till Triggered) order on Zerodha Kite is valid for one year from the date of placement on equity and only until contract expiry on F&O, after which it auto-cancels; it is not a true exchange order but a conditional instruction stored on Zerodha’s own servers that fires a single regular limit order to the exchange when your trigger price is touched. The validity rules differ by segment, the trigger fires only once, and the account is capped at 500 active GTTs. Understanding these rules matters because a GTT a trader assumes is “always on” can lapse silently, and a stop-loss set through a GTT carries a broker-server dependency that a resting SL order at the exchange does not.

How to cancel orders quickly on Kite

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

Cancelling an open or pending order quickly on Kite matters most when a fast market is moving against an order you no longer want filled. Every open order lives in the Orders tab, under Open until it fills or is cancelled, and you withdraw it either by opening it and choosing Cancel, or, on the Zerodha app, with the quick cancel route that needs a confirmation within three seconds. On Kite web the O keyboard shortcut jumps straight to the order book, the fastest way to reach an order you need to pull.

How to convert an NRML position to MIS on Kite

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

Converting an NRML position to MIS on Zerodha Kite changes an overnight or carry-forward position into an intraday one, which lowers the blocked margin to the intraday level but subjects the position to auto-square-off at the segment cut-off. You do it from the Positions tab in two clicks, selecting MIS as the target product. The trade-off is the point of the conversion: you free margin now, but the position will be closed for you by the end of the session unless you square it off or convert it back first.

How to create a stock SIP on Kite

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

This guide walks through creating a stock SIP on Kite , Zerodha’s trading platform, so that a chosen list of equities or ETFs is bought automatically on a schedule you set. A stock SIP is built from a basket : you assemble the buy orders once, link the basket to a SIP, set a date and time, and Kite repeats the orders on each cycle. It is for an investor who wants to accumulate shares or ETF units on a fixed calendar without placing the same delivery orders by hand each time.

How to delete or cancel a GTT on Kite

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

You delete an active GTT (Good Till Triggered) order on Kite from the GTT tab under Orders: open the GTT, choose delete, and the stored trigger is removed from Zerodha ’s servers at once. Because a GTT lives on Zerodha’s servers and nothing has been sent to the exchange until the trigger fires, deletion is instant and free. The complication is the partially triggered GTT: once a leg has fired it is no longer a GTT but a regular pending order, and you cancel that from the open orders window, not the GTT tab.

How to diagnose why a GTT did not trigger on Kite

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

A GTT did not trigger almost always for one of two reasons: the last traded price never actually printed at your trigger during market hours, or the GTT was no longer active when the price arrived. A GTT (Good Till Triggered) order on Zerodha fires on the last traded price, the price at which a real trade prints on the exchange, and only during normal trading hours. It does not fire on a bid, an ask, an indicative pre-open price, or a chart wick that no trade backed. This guide walks the diagnosis in order, from the cheapest check to the tick-level dispute, so you can tell a missed tick from a disabled GTT from an execution miss.

How to find your GTT orders on Kite (web and app)

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

You find your GTT orders on Kite in the GTT tab on the Orders page, on both Kite web and the Kite app. A GTT (Good Till Triggered) order on Zerodha is stored on Zerodha’s servers, not at the exchange, and Kite gives it a dedicated tab separate from your regular orders and baskets. The GTT tab is where active GTTs wait, where you read their state, and where you modify or delete them. This guide shows the exact path on each platform, explains why a triggered GTT leaves the tab, and points to where the permanent record lives once a GTT has acted.

How to fix a basket that partially executed on Kite

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

A basket order on Kite is not an atomic transaction, so a basket can partially execute: some legs fill while others reject for margin, a price band breach, low liquidity, or a freeze-quantity cap. Kite sends each leg to the exchange in sequence, and the exchange accepts or rejects each one on its own merits. When a leg rejects, the rest of the basket still goes through, which can leave you holding part of a structure you meant to enter whole. The fix is to identify the failed legs, clear the specific reason each one rejected, and re-place only those legs.

How to fix a market order that executed as a limit on Kite

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

A market order that appears to execute as a limit on Kite , Zerodha’s trading platform, has been capped by market price protection (MPP), a pre-trade control that converts a market order into a protected limit order priced within a set percentage of the last traded price . The order is not rejected and is not broken: it filled whatever quantity the protection band allowed and left any remainder resting in the book as a limit order at the cap. The confusion arises because a control meant to protect you from a runaway fill looks, in the order book, like Kite quietly changed your order type. It did not change the type; it bounded the price.

How to fix a sell GTT being rejected on Zerodha

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

A sell GTT (Good Till Triggered) order is rejected on Kite at the moment it fires, not when you create it, because that is when Zerodha sends a real limit order to the exchange and the exchange tries to debit the shares from your demat account . If the shares are not free to deliver, or the demat debit is not authorised, the exchange refuses the order and the GTT is marked rejected. The GTT itself can sit happily for months and still fail at the one moment it matters.

How to fix a theoretical-price rejection on Zerodha

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

The rejection that asks you to “place your order around the theoretical price” or “around the fair value” appears on Kite when your order price sits too far from where the contract should trade, which happens most on illiquid F&O options. It is not the same as a price-band rejection , which is about the daily circuit limit. This rejection is a fair-value guardrail: in a thin option the last traded price can be stale and the bid-ask spread wide, so an order placed far from the theoretical price can fill at a poor price or be used to move money artificially between accounts. The fix is to place a limit order near fair value, inside the exchange’s protection band, rather than a market order at an extreme price.

How to fix an order stuck in pending or open on Kite

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

An order stuck in “pending” or “open” on Kite is, in most cases, doing exactly what it should: a limit order resting until the market reaches your price, a stop-loss waiting for its trigger, or an after-market order (AMO) queued for the next session. The fix starts with reading the order status, because the status tells you whether the order is correctly pending or genuinely stuck. When an order is truly waiting on the exchange, you clear it by modifying it, cancelling and re-placing it, or, if both Kite web and the app agree it is stuck, checking Zerodha’s status bulletins for an exchange-side issue.

How to fix the family account invite error on Zerodha

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

The Zerodha family portfolio feature links sub-accounts so a parent account can view the combined holdings of a household, and the family account invite error is the most common snag in setting it up. The two errors you are likely to see, “Error fetching invite details: Invite doesn’t exist” and an “invalid user” message, both come from the linking flow rather than from any account fault: the invite was deleted or has expired, or the wrong ID was entered. This guide walks the correct invite flow on Console and Kite and fixes each error.

How to import a file to create a basket of trades on Kite

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

Importing a file to create a basket of trades on Kite means loading a basket file into a new basket in one step, instead of searching for and adding each instrument by hand. On Kite web , you create an empty basket, click the Import basket icon, and select the file; Kite reads each row into a basket leg, complete with the instrument, side, quantity, order type, price, and product code . The imported basket can then be edited or executed as it is. The facility is Kite web only; the Kite app cannot import a basket file.

How to modify a GTT on Kite

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

You modify an existing GTT (Good Till Triggered) order on Kite from the Orders screen, GTT sub-tab, by opening the instrument and choosing Modify, then changing the trigger price, limit price or quantity and re-confirming. A modification edits the standing instruction in place; it does not create a second GTT and does not reset the order’s one-year validity. Only an Active GTT can be modified, and one field, the exchange, cannot be changed at all; to switch a GTT between NSE and BSE you delete it and place a fresh one.

How to modify a stock SIP on Kite

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

This guide covers changing a stock SIP on Kite , Zerodha’s trading platform, after it is running: editing the linked basket , the schedule, or the amount, pausing the SIP so it stops until you resume it, and deleting it when you no longer want it. A stock SIP is built from a basket and a schedule, so most changes are made by editing the basket or the dates rather than rebuilding the SIP.

How to place a buy GTT OCO order on Zerodha

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

A GTT OCO (One Cancels the Other) order on Zerodha Kite is a single Good Till Triggered order that holds two trigger conditions on one position at the same time, an upper trigger that is usually a profit target and a lower trigger that is usually a stop-loss, and cancels the second leg the instant the first one fires. It lets a holder set both an exit-up and an exit-down level in one instruction and walk away, without deciding in advance which one the market will reach first.

How to read funds deducted when exiting a profitable short option

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

When you close a profitable short option by buying it back, the Kite funds page often shows money going out, which looks wrong on a winning trade. Nothing has gone wrong. The buyback debits the premium you pay to close, while the premium you received when you sold was credited earlier in the position’s life. The trade is profitable because the buyback premium is smaller than the sell premium, but the funds view shows you the debit at exit and the credit at entry separately, so the exit looks like a deduction. This guide explains how to read the two cash flows, the margin release that happens at the same moment, and where Console shows the true realised profit.

How to sell a call option on Zerodha Kite

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

Writing a call option means selling a contract you do not own, collecting the premium, and taking on the obligation to deliver the underlying at the strike price if the buyer exercises. On Zerodha Kite this is a sell-to-open order on the NFO segment, and it is one of the highest-risk trades a retail account can place. The writer’s gain is capped at the premium received; the loss on a naked (unhedged) short call is theoretically unlimited, because the spot price can rise without a ceiling.

How to sell a put option on Zerodha Kite

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

Writing a put option means selling a contract, collecting the premium, and taking on the obligation to buy the underlying at the strike price if the buyer exercises. On Zerodha Kite this is a sell-to-open order on the NFO segment. The writer’s gain is capped at the premium received; the loss is the strike minus the premium, realised in full only if the underlying falls to zero. That makes a short put a large but bounded risk, the structural difference from the unlimited risk of a naked short call .

How to set a target and stop-loss together for a futures position on Zerodha

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

Zerodha discontinued bracket orders (BO) in 2020, so you can no longer place a single order that carries an entry, a target, and a stop-loss together on a futures position. To protect an open futures position on Kite with both a profit target and a stop-loss, the supported route is a GTT one-cancels-other (OCO) order, which sets two triggers at once so that hitting either one places that leg and cancels the other. The fallback is to place two separate orders yourself, a stop-loss and a limit target, and cancel whichever remains when one fills.

How to use quick baskets on Kite web

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

A quick basket on Kite web is the basket panel you reach from the basket icon in the top-right corner of every page, used to build and place a multi-instrument order without navigating away from your watchlist, a chart, or your positions. It differs from a saved basket order in one decisive way: a quick basket lives in the local memory of the device you build it on and is not saved across logins, browsers, or devices. Build it, place it, and it is gone; nothing persists.

Implied volatility

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

Implied volatility, abbreviated IV, is the market’s forecast of how much an underlying will move in future, backed out of an option ’s traded premium using an option-pricing model, and expressed as an annualised percentage. It is called implied because it is not measured from price history but inferred from what traders are paying for the option today: given the premium, strike, time to expiry, spot and interest rate, IV is the volatility figure that makes the model’s price equal the market price. It is the single most important driver of an option’s time value after moneyness and time.

Kite stock SIP overview

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

A stock SIP on Kite , Zerodha’s trading platform, is a recurring delivery purchase of equities or exchange-traded funds from a saved basket , placed automatically on a schedule the investor sets. On each scheduled date the SIP fires every order in the linked basket as a CNC delivery order in the cash market, using only the cash already sitting in the Zerodha account, with no minimum amount imposed by Zerodha and no fee for the feature itself.

Open interest

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

Open interest is the total number of futures and options contracts on a particular instrument that remain open at a given moment, meaning neither the buyer nor the seller has squared off the position, and the contract has not yet expired or been settled. It is reported by the National Stock Exchange and the Multi Commodity Exchange for every contract they list, and it is the single most-watched gauge of how much live money sits in a derivative.

Required margin vs final margin on a Kite basket

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

On a Kite basket order , the required margin is the money Zerodha needs to place every leg of the basket, computed leg by leg before any offset, and the final margin is the smaller amount actually blocked in the account once the basket executes and the hedge benefit between offsetting legs and any written-option premium credit settle. The two figures appear side by side on the basket summary, and the gap between them is not an error or an extra charge: the final margin is the slice of the required margin that stays blocked after the net position is computed.

Sharing baskets on Kite

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

Sharing a basket order on Kite means exporting the basket as a downloadable .JSON file from Kite web and sending that file to another person, who imports it into a new basket on their own Zerodha account and then edits or executes the legs. Kite does not generate a live shared link that stays in sync between two accounts; the share is a static file, captured at the moment of export, that the recipient loads as a fresh basket of their own.

Stock SIP frequencies on Kite

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

A stock SIP frequency on Kite , Zerodha’s trading platform, is the cadence at which a saved basket of cash-market buys repeats: daily, weekly, fortnightly, or monthly. On Kite the cadence is not picked from a named menu; it comes from the dates you select, spaced at the interval you want, and Kite repeats the linked basket on each scheduled date between 9:30 AM and 3:00 PM at a 30-minute slot interval.

This is the mechanical difference from a mutual fund SIP, where the investor picks a frequency label and a single SIP date. A stock SIP is schedule-driven: you choose actual dates and a time slot, and the spacing of those dates is the frequency. The model gives fine control over when orders fire, up to 5 schedules on any single day of the month, but it also means the cadence is whatever you set rather than an automatic monthly recurrence.

The GTT notification flow on Zerodha

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

The GTT notification flow on Zerodha has two guaranteed alerts: an email and a mobile notification when a GTT triggers and places an order, and a push notification plus email if that order is rejected. A GTT (Good Till Triggered) order on Zerodha sits dormant on Zerodha’s servers, sometimes for months, so the notification is the only signal that it has acted. Zerodha’s own wording is direct: “You receive a notification on your registered email and mobile device every time your GTT triggers and an order is placed on the exchange,” and it “sends you both a push notification and an email whenever a GTT order gets rejected.”

The trigger and limit price mismatch error on SL orders

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

The trigger and limit price mismatch error on a stop-loss order means the two prices are the wrong way round for the order to be executable. On Kite , the messages “Trigger price can’t be higher than price” and “Trigger price can’t be lesser than price” both say the same thing: for a buy SL order the trigger price must sit at or below the limit price, and for a sell SL order the trigger must sit at or above the limit price. Set the prices to the correct side and the order is accepted.

Using an SL-L order as a de-facto SL-M on Kite

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

An SL-L (stop-loss limit) order used as a de-facto SL-M (stop-loss market) order is a workaround in which a trader sets the limit price of an SL order far enough from the trigger that the resulting limit order almost always sits inside the market, so it behaves like a market order on a normal day. On Kite , Zerodha’s trading platform, an SL order carries two prices, a trigger price and a limit price , while an SL-M order carries only a trigger and fires a market order. Where SL-M is unavailable, traders widen the SL-L limit to imitate it. The imitation breaks in exactly one situation, a price gap past the wide limit, and that single failure mode is the reason the technique is a compromise rather than a replacement.

Why a buy GTT is rejected at trigger on Zerodha Kite

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

A buy GTT is rejected on Kite , Zerodha’s trading platform, when the trading account does not hold enough free cash to fund the limit order that the GTT fires at the instant the trigger condition is met. A GTT (Good Till Triggered) order is not pre-funded at creation; Zerodha checks margin only when the trigger fires and a regular buy limit order is sent to the exchange. If the cash is short at that moment, the risk management system rejects the order, and the GTT is marked triggered with nothing filled.

Why a GTT triggered but did not execute on Zerodha

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

A GTT (Good Till Triggered) order on Zerodha can trigger and still not execute because the trigger does not place a market order; it releases a limit order at your chosen limit price, and that limit order fills only if the market offers a matching price. When the last traded price has already moved past the limit, when the account lacks the funds or margin the released order needs, or when a circuit locks the stock, the order rests unfilled or is rejected, and the GTT is marked triggered but not executed.

Why a limit order can execute at a better price than the limit

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

A limit order on Kite can fill at a price better than the limit you set because the exchange matching engine treats your limit as the worst price you will accept, not the exact price you must get. A buy limit fills at the lowest sell offer available at or below your limit; a sell limit fills at the highest buy bid available at or above your limit. When a better price exists on the other side of the book, it is passed to you. The order can fill at your limit or better, but never worse.

Why a limit order is not executing

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

A limit order can stay pending on Kite even when the last traded price touches or moves through your limit, because a trade printing at your price does not mean there was volume left to fill your order. Exchanges match by price-time priority: among all orders resting at the same price, the earliest one fills first, and the opposite-side quantity can be exhausted by the orders ahead of you before it reaches yours. Your order can watch the price trade at its level and still not execute.

Why a rejected order does not appear in the order book on Zerodha

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

A rejected order is absent from the Kite order book because Zerodha added a pre-trade validation layer that rejects a non-qualifying order before it is sent to the exchange, and an order that never reached the exchange has no row in the order book; its rejection reason instead appears in the order status notification on Kite. This is the documented behaviour for orders blocked by Zerodha’s own checks, and it is why a trader who rejected an order seconds ago cannot find it under the Orders tab.

Why a triggered GTT is not visible after end of day on Kite

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

A triggered GTT is not visible after end of day on Kite because the trigger converts the GTT into a regular limit order with Day validity, and the exchange cancels any unfilled day order at session close. A GTT (Good Till Triggered) order on Zerodha is stored on Zerodha’s own servers, not at the exchange. The moment the last traded price meets the trigger condition, Zerodha’s server submits a normal limit order to the exchange, and from that instant the GTT stops being a persistent conditional order and starts being an ordinary order with the lifecycle of a single trading day.

Why far-month MCX commodity option orders are rejected on Kite

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

A far-month MCX commodity option rejection on Kite is a Zerodha risk-management block: orders in commodity option contracts beyond the permitted near-month window are rejected before they reach the Multi Commodity Exchange , because those contracts carry near-zero liquidity and would expose the trader to a fill at a price far from fair value. For most commodity options on Kite you can trade only the current (near) month; the next month opens one day before the current contract expires, and energy options carry a wider two-month window.

Why fresh buying of Sovereign Gold Bonds is blocked on Kite

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

Fresh buying of Sovereign Gold Bonds blocked on Kite is not a Zerodha restriction in most cases; it is the absence of a primary issuance to buy. The Reserve Bank of India has not issued a new Sovereign Gold Bond tranche since the February 2024 series, so there is no fresh subscription window on any platform. Existing SGB series still trade on the secondary market, and you can buy them through the Kite market watch, subject to thin liquidity and, for some account types, a CDSL credit block.

Why limit orders placed far from the LTP are rejected on Kite

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

A limit order rejected for being far from the LTP is a freak-trade safeguard: Zerodha blocks limit orders in stock and index options placed 50% to 150% away from the last traded price, and the exchange separately cancels orders outside a dynamic Price Reasonability Range , because an order priced far from the current market can execute at a level unrelated to fair value and distort price discovery. The fix is to price the order closer to the LTP, or to use a GTT order , which is exempt from the far-from-LTP block.

Why market orders are blocked for ETFs in the first two minutes

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

Market orders blocked for ETFs in the first two minutes is a Zerodha liquidity safeguard: from 9:15 AM to 9:17 AM, the first two minutes of the continuous session, Zerodha blocks market and stop-loss-market (SL-M) orders for specific, less-liquid exchange-traded funds , because a market order into a thin opening book can fill far from the fund’s fair value. The block lifts at 9:17 AM. The workaround is a limit order priced against the fund’s indicative NAV (iNAV).

Why orders get rejected on Kite

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

A Kite order is rejected when a pre-trade check, run either by Zerodha’s Risk Management System or by the NSE, BSE, or MCX matching engine, fails before the order can rest in the book. The rejection is not silent: the exact reason is written into the order detail in the Kite Orders tab, and that string names the specific rule that blocked the order. Reading it is the whole diagnosis. Almost every rejection reduces to one of a fixed set of causes, and each cause has a documented fix.

Why the GTT trigger email price differs from the execution price

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

The price shown in a GTT (Good Till Triggered) trigger email is the trigger price, the level the last traded price touched to activate the order. It is not the price your order filled at. A GTT does not buy or sell at the trigger; it places a regular limit order at a separate limit price when the trigger is hit, and that limit order fills at the limit price or the prevailing market within it. The gap between the email price and the price you actually got is the difference between “when the order was sent” and “at what price it filled”.

How to avoid IPO application rejection on Kite

Sat, 20 Jun 2026 00:00:00 +0000

An IPO application on Zerodha Kite can be rejected even after the app shows it submitted, because the application is finally validated by the exchange and the registrar , not by Zerodha. The registrar de-duplicates and verifies every bid against PAN before the basis of allotment is drawn, and an application that fails any check is dropped before the lottery runs. This guide is a pre-submit checklist to clear every one of those checks, so your bid reaches the draw as a valid application.

Why Zerodha runs separate apps instead of one super-app

Sat, 20 Jun 2026 00:00:00 +0000

Zerodha runs separate apps rather than one super-app because its products serve different users at different rhythms with different technical demands: Kite for fast real-time trading, Console for post-trade reporting, Coin for passive mutual fund investing, Varsity for education, Pulse for news, and Nudge for behavioural prompts. Folding them into one app would clutter each with features relevant only to some users, so Zerodha keeps them modular and links them through a single login, deep links, and an open Kite Connect API.

20-level market depth on Kite

Wed, 20 May 2026 00:00:00 +0000

The 20-level market depth feature on Kite renders 20 levels of bid and 20 levels of ask quotes on the NSE order book for any tradable instrument. This is a paid feature on top of the default 5-level depth (market depth view on Kite ), aimed at active intraday traders who want a fuller view of resting liquidity. Where the standard book shows the best five buy and five sell quotes, the 20-level book shows the best twenty of each, so a trader can see size that is queued well away from the touch.

52-week high and low on the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

The 52-week high and 52-week low on a Kite scrip’s market depth panel are the highest and lowest traded prices over the rolling 52 calendar weeks ending today. Together they define the one-year price range of the security, a widely used reference for screening and position sizing.

Definition

For any equity, ETF, or other listed security, the 52-week high and low are computed by the exchange and republished daily:

52-week high = max(LTP) over the rolling 52-week window.
52-week low = min(LTP) over the rolling 52-week window.

The window rolls daily; the 53-week-ago observation drops off as today’s observation is added.

Absolute and percentage change from open on Kite

Wed, 20 May 2026 00:00:00 +0000

Change from open on the Kite marketwatch is the LTP minus today’s opening price, expressed in absolute (rupees) and percentage terms. It is distinct from the default day’s change column, which measures vs the previous day’s close.

When change-from-open matters

For an intraday trader, the question is not “how has this stock moved since yesterday” but “how has it moved since the open today”. Two scenarios make the distinction obvious:

Big gap-up open

Previous close: Rs 1,000.
Open: Rs 1,050.
Current LTP: Rs 1,055.
Day’s change (vs previous close): +Rs 55, +5.5%.
Change from open: +Rs 5, +0.48%.

The day’s change paints a dramatic picture; change-from-open shows that intraday movement is tiny. An intraday momentum trader reads “+5.5%” as a strong day, but “+0.48%” suggests the stock is consolidating at the gap.

Average price on the Kite market depth

Wed, 20 May 2026 00:00:00 +0000

The Average price field on the Kite market depth panel is the Volume-Weighted Average Price (VWAP) of all trades on the scrip during the current trading day. It is not a simple average of the day’s prices; it weights each price by the quantity traded at that price.

Formula

For a sequence of trades on a day:

VWAP = Σ (Price_i x Quantity_i) / Σ Quantity_i

Where i indexes every trade from market open. The exchange computes and publishes this; Kite reads the live VWAP from the exchange feed.

Briefcase symbol on Kite

Wed, 20 May 2026 00:00:00 +0000

The briefcase symbol on the Kite marketwatch is a small icon (a stylised briefcase / portfolio glyph) that appears on the right side of a scrip row when the user holds shares of that instrument in their portfolio. It is purely a visual cue, not a clickable target, and is one of the small UX affordances that distinguish a “watched” scrip from a “held” one.

Where it appears

Surface	Where the briefcase shows
Kite web marketwatch row	Right of the LTP, before the change column
Kite mobile app marketwatch	Right of the row, beside the LTP
Quote screen	Top of the scrip detail view (mobile only)

The icon is grey when the user holds the scrip in delivery (CNC) ; it switches to a different shade or carries a small overlay when there is an open intraday position on the same scrip.

Dashboard and funds calculation flow on Kite

Wed, 20 May 2026 00:00:00 +0000

The Kite funds page summarises in a few headline numbers what is actually a multi-step calculation involving cash balances, pledged collateral, open positions’ margin requirements, and intraday P&L. This article walks through the flow Kite follows from start to finish.

Inputs

The calculation starts with:

Cash balance in the Zerodha trading account.
Collateral value from pledged equity (haircut-adjusted).
Collateral value from pledged liquid funds (haircut-adjusted).
Open positions with their current SPAN + Exposure margin requirements.
Option premium credits received (and not yet paid back via close).
Intraday P&L (realised and unrealised).
MTM impact from holdings (Day’s P&L on CNC delivery).

Step-by-step flow

Step 1: total resources

Total resources = Cash + Pledged equity collateral (haircut-adjusted) + Pledged liquid fund collateral (haircut-adjusted).

Day's change in absolute and percentage on Kite

Wed, 20 May 2026 00:00:00 +0000

The day’s change column on the Kite marketwatch shows how far the scrip has moved from the previous trading day’s closing price. Kite displays both the absolute change (in rupees) and the percentage change, with colour coding (green for positive, red for negative). This article covers the calculation, the column toggle, and the corner cases.

Calculation

For any tradable instrument:

Absolute change = LTP - Previous close.
Percentage change = ((LTP - Previous close) / Previous close) x 100.

Where:

Day's P&L on Holdings: how Kite calculates it

Wed, 20 May 2026 00:00:00 +0000

The Day’s P&L column on the Kite Holdings tab shows the unrealised profit or loss generated by today’s price movement on each scrip you hold. It is not the all-time profit (that is Overall P&L), but specifically the profit / loss attributable to today’s tick changes.

Formula

For each holding row:

Day’s P&L = (LTP - Previous close) x Qty

Where:

LTP is the live last-traded price.
Previous close is the official close from the previous trading day’s bhav copy (adjusted for any same-day corporate action).
Qty is the total holding quantity (including T1 if applicable).

The portfolio-wide Day’s P&L is the sum across all rows.

Event tag on the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

The event tag on a Kite marketwatch scrip row is a small calendar or briefcase glyph that flags an upcoming corporate action on that instrument. It is one of the most useful pieces of contextual information surfaced by Kite, because corporate actions often produce the LTP discontinuities and apparent “errors” that retail investors then report as bugs.

Where the event tag appears

On Kite web , the event tag is a small icon at the right edge of the scrip row, between the LTP and the change column. Hovering the icon shows a tooltip with the event type and the date. On the Kite mobile app , the icon appears in the row and the tap-down quote screen shows the expanded event card.

Holdings value differs between Console and Kite

Wed, 20 May 2026 00:00:00 +0000

The total portfolio value shown on Zerodha Console can differ from the total on Kite Holdings tab . The discrepancy is usually small (a few hundred to a few thousand rupees) and explainable by the way each surface aggregates positions and pricing.

Why the totals can differ

1. Settlement stage

Kite shows the in-progress state of the day, with T1 (unsettled) holdings included as part of total quantity. Console may show only T+1-settled positions in the Holdings total, depending on the refresh time and the report being viewed.

How to add Bharat Bond ETF to the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

The Bharat Bond ETF series is a target-maturity debt ETF launched by the Government of India, managed by Edelweiss Mutual Fund, holding public-sector bonds of a specific maturity. This guide covers adding the individual tranches to a Kite marketwatch for monitoring.

Conflict-of-interest disclosure. This guide is published by the WebNotes Editorial Team for informational purposes and is written independently. WebNotes operates a Zerodha account-opening referral programme, disclosed on the pages that carry the referral link; this guide does not carry it and earns no referral commission from the procedure described here.

How to add F&O contracts to the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

F&O contracts on the Kite marketwatch use the NSE NFO segment tag. The contract universe spans index derivatives (Nifty, BankNifty, FinNifty, MidcapNifty), stock derivatives, and the much smaller NSE currency derivative book (CDS tag).

How to add instruments to the marketwatch on Kite

Wed, 20 May 2026 00:00:00 +0000

This is the short form of the marketwatch-add procedure on Kite . Whether the instrument is an equity scrip, an F&O contract, an MCX commodity, an ETF, a sovereign gold bond, or a G-sec, the addition flow is the same five clicks.

How to add Nifty 50, Sensex and other indices to the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

Indices are the headline macro markers of Indian equity markets. This guide covers adding Nifty 50 , Sensex , BankNifty , FinNifty , India VIX , and the broader NIFTY sector/strategy series to a Kite marketwatch.

How to add Nifty and BankNifty options to the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

The two most-traded option underlyings in India are Nifty 50 and BankNifty . This guide is specifically about adding individual strikes of these two underlyings to a Kite marketwatch. For the full universe of F&O contracts, see How to add F&O contracts to the marketwatch .

How to add Notes on the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

Notes is a low-friction annotation layer on the Kite marketwatch: a short text field attached to any scrip row, stored server-side, and surfaced via a small icon. It is not an alert, not a target order, just a scratchpad to record why a scrip is on the watchlist.

How to add scrips to the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

The Kite marketwatch is the price-streaming panel through which most Zerodha retail flows route. This guide walks through adding any tradable instrument, equity scrip, F&O contract, currency pair, commodity, ETF, or sovereign gold bond, to a Kite marketwatch on both Kite web and the Kite mobile app .

How to brand-search on the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

The Kite marketwatch search supports substring matching against company name, brand, and symbol. This lets you find a listed entity even when you only remember the brand or the parent group, useful for Indian conglomerates where dozens of subsidiaries are listed under similar names.

How to cancel pending or partial auction orders on Kite

Wed, 20 May 2026 00:00:00 +0000

Auction market orders on NSE / BSE are placed during a specific intraday window (14:00 to 15:00 IST for NSE equity short-delivery auctions). Kite lets you cancel pending or partial auction orders within the window. After the window closes (15:00), no cancellation is possible.

How to create multiple marketwatch in Kite

Wed, 20 May 2026 00:00:00 +0000

Kite lets a single account run up to five named marketwatch tabs in parallel. The cap is the same on Kite web and the Kite mobile app ; the watchlists are stored server-side, so a tab created on web appears on the app within seconds.

How to fix B/S shortcuts not opening the order window on Kite

Wed, 20 May 2026 00:00:00 +0000

The B / S keyboard shortcuts on Kite web open the order window with one keystroke when focus is on a marketwatch row. When they stop working, the cause is almost always focus, extension interference, or a stale app build.

How to fix Day's change showing incorrect vs previous close on Kite

Wed, 20 May 2026 00:00:00 +0000

When the day’s change column on the Kite marketwatch shows a value that does not match what you compute by subtracting the LTP from the previous close, the cause is almost always a corporate-action adjustment, a session phase issue, or a brief data-feed lag.

How to fix ESOP shares not appearing on Kite

Wed, 20 May 2026 00:00:00 +0000

Employee Stock Option Plans (ESOPs ) granted by a publicly listed company are credited to the employee’s demat account via the company’s Registrar and Transfer Agent (RTA). The credit then appears on Kite Holdings . When it does not, the issue is usually at one of the links in this chain.

How to fix holdings not displayed on the exchange bought from on Kite

Wed, 20 May 2026 00:00:00 +0000

A Kite Holdings tab row displays the scrip with one exchange tag (NSE or BSE), but you remember buying from the other exchange. This is almost always a display artefact; the underlying demat holding is exchange-agnostic and can be sold on either venue.

How to fix Invalid CSRF token error on Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

The Invalid CSRF token error on Kite is a security check failure: the browser-side token Kite uses to verify the request matches the server-side session has rotated, become stale, or been cleared. Almost always a benign re-login fixes it.

How to fix LTP showing zero on the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

Zero LTP on a Kite marketwatch row almost always means the contract has not traded recently, not that Kite is broken. This guide walks through the common causes ordered by frequency.

How to fix missing decimal values on the Kite funds page

Wed, 20 May 2026 00:00:00 +0000

When the Kite funds page shows rupee values rounded to whole rupees (e.g., “Rs 1,000” instead of “Rs 1,000.45”), the underlying value is correct; only the display is rounded. This is almost always a client-side rendering issue.

How to fix Pinned overview resets to Nifty on Kite

Wed, 20 May 2026 00:00:00 +0000

The overview strip at the top of the Kite marketwatch shows one index (default: Nifty 50). Clicking the strip cycles through Sensex, BankNifty and FinNifty in supported builds. A common complaint: the selection resets to Nifty after navigation or re-login. This guide covers the workarounds.

How to fix smallcase and Kite holdings mismatch with filters

Wed, 20 May 2026 00:00:00 +0000

smallcase is a third-party basket-investing platform integrated with Zerodha . It reads your Zerodha demat holdings and overlays a basket-purchase / rebalance interface. Because the two systems (smallcase and Kite) sync independently, brief or filter-induced mismatches are common.

How to fix texts or numbers overlapping on the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

Overlapping text or numbers on the Kite marketwatch is almost always a client-side rendering issue, not a Kite server issue. This guide walks through the diagnostic in order of frequency.

How to fix the Order book showing dates instead of quantity on Kite

Wed, 20 May 2026 00:00:00 +0000

If the Kite order book is displaying date values in the quantity column (or vice versa), the data is intact server-side; what you are seeing is a client-side column shift in the rendered table.

How to group and filter positions on Kite

Wed, 20 May 2026 00:00:00 +0000

The Kite Positions tab supports grouping and filtering to make a long list manageable. For active intraday and F&O traders with dozens of positions, this is essential.

How to order at different price points using the column view on Kite

Wed, 20 May 2026 00:00:00 +0000

The Kite market depth panel supports click-to-order at any of the visible bid or ask price levels. This is a fast-execution path: instead of opening the order ticket and typing a price, click the price level in the depth column to pre-fill a limit order at that price.

How to pin a stock or index to the top of the Kite marketwatch

Wed, 20 May 2026 00:00:00 +0000

Pinning a scrip on the Kite marketwatch lifts it above the scroll fold so the row is always visible. This is useful for an active intraday position or a chart-of-the-day. The default pinned row at the very top of every marketwatch is the Nifty 50 overview (which is a separate, non-removable Kite feature); the watchlist pin sits below that overview.

How to save marketwatch settings on Kite

Wed, 20 May 2026 00:00:00 +0000

Kite saves marketwatch settings server-side automatically. There is no explicit Save button; every change you make (add scrip, reorder, pin, add note) is committed within seconds. The configuration follows your Kite account across web, app, and devices.

How to search Sovereign Gold Bonds on Kite

Wed, 20 May 2026 00:00:00 +0000

Sovereign Gold Bonds (SGBs) are government-issued bonds denominated in grams of gold, paying 2.5% annual interest and redeemable at the prevailing gold price at maturity. After their issue window closes, SGBs list on NSE and BSE for secondary-market trading. This guide covers searching for and adding them to a Kite marketwatch.

How to search stocks, ETFs, mutual funds, IPOs and G-secs on Kite

Wed, 20 May 2026 00:00:00 +0000

Kite and Zerodha Coin together cover almost every retail investment surface in India. This guide is a cross-segment search reference, telling you which surface to search and how to find the right instrument.

How to toggle net change between percentage and absolute on Kite

Wed, 20 May 2026 00:00:00 +0000

The Kite Holdings tab and Positions tab display Net change and Day’s change in both percentage and absolute (rupee) form by default. Some users prefer percentage-only or absolute-only; the toggle is a single-click on web and a menu setting on the app.

Intraday P&L on Kite web

Wed, 20 May 2026 00:00:00 +0000

The intraday P&L total on Kite web is the sum of realised and unrealised P&L from all positions opened today, displayed at the bottom of the Positions tab (Day view). It is the figure most active intraday traders watch through the session.

What is included

Position state	Included?
Opened and closed today (realised)	Yes, realised P&L locked in
Opened today, still open (unrealised)	Yes, MTM at current LTP
Opened previously, closed today (NRML F&O carry)	Yes (closed today’s realised)
Opened previously, still open (overnight F&O)	Counted on Net view, not Day view
Holdings P&L (CNC)	No, that’s the Day’s P&L on Holdings

The intraday P&L on Day view is specifically the activity from today: opens, closes, MIS, intraday-specific F&O, and same-day BTST equity round-trips.

Kite Holdings tab explained

Wed, 20 May 2026 00:00:00 +0000

The Holdings tab on Kite is the canonical surface for viewing all the equity, ETF and bond securities credited to your demat account via Zerodha . It is distinct from the Positions tab , which tracks open intraday positions and unsettled F&O positions. This article is a full reference: every column, every calculation, and the common confusions.

What appears on Holdings

A scrip appears on the Holdings tab when:

It was bought with the CNC (Cash and Carry ) product type and delivery has settled.
It was bought intraday (MIS), then converted to CNC, and the conversion settled.
It was transferred in from an external demat account via a CDSL / NSDL inter-depository transfer (delivery instruction slip).
It was credited via a corporate action (bonus, demerger, IPO listing).

A scrip does not appear on Holdings if:

Kite Positions tab explained

Wed, 20 May 2026 00:00:00 +0000

The Positions tab on Kite is the canonical surface for tracking all open intraday positions, open futures and options positions, and any unsettled exotic position types. It is distinct from the Holdings tab , which tracks delivered shares in your demat account. This article is the full reference.

What appears on Positions

Intraday (MIS) positions still open during the trading day.
Bracket Order (BO) positions with their associated stop-loss and target legs.
Cover Order (CO) positions with their mandatory stop-loss leg.
F&O positions (futures and options, NRML or MIS).
Currency derivative positions (CDS segment).
Commodity positions (MCX segment).
Same-day closed positions showing the realised P&L for the day.
Negative quantities for short positions in segments that support shorting.

What does not appear

Delivered equity holdings (those are on Holdings ).
Pending orders (those are on the Orders tab).
Mutual fund subscriptions (those are on Coin ).
Bond holdings (those are on Holdings).

Two views: Day / Net

The Positions tab supports two views:

Leverage indicator on Kite

Wed, 20 May 2026 00:00:00 +0000

The leverage indicator on Kite shows the effective leverage of a planned trade, computed as the ratio of notional position value to margin used. It appears on the order ticket alongside the Margin required field.

How it’s displayed

On the order ticket, the leverage indicator is typically shown as:

“Leverage: 5x” (or similar).
A multiplier indicating how much of a position you can take per Rs of margin.

For a scrip with 15% margin requirement, leverage = 100/15 ≈ 6.7x.

Margin available, used and cash on the Kite funds page

Wed, 20 May 2026 00:00:00 +0000

The Kite funds page is the canonical surface for monitoring trading account liquidity. It surfaces three core fields: margin available, margin used, and cash. Active F&O traders and intraday traders watch these throughout the session.

The three fields

Field	What it shows
Margin available	The total margin you can deploy on new trades
Margin used	The margin already locked against open positions
Cash	The cash-equivalent component of your margin

Margin available

Margin available is the sum of:

Margin on exit calculation on Kite

Wed, 20 May 2026 00:00:00 +0000

When you close an open position on Kite , the margin previously locked against that position is released back to your margin available on the funds page. The calculation behind this release is straightforward in simple cases and more nuanced for multi-leg portfolios.

Simple case: closing a single F&O position

If you have:

1 lot of NIFTY future short.
SPAN + Exposure margin locked: Rs 1,30,000.

When you close (buy back) the lot:

Margin required on the Kite order window

Wed, 20 May 2026 00:00:00 +0000

The Margin required field on the Kite order ticket is a pre-trade preview of how much margin the order will consume from your account. It is calculated live as you adjust quantity, price, and product type, so you know the cost of the trade before submitting.

What gets displayed

For F&O / CDS / MCX trades, the field shows:

SPAN margin + Exposure margin = Total initial margin requirement.

For equity trades:

Market depth view on Kite

Wed, 20 May 2026 00:00:00 +0000

Market depth on Kite is the 5-level visible order book for a tradable instrument: the top five buy quotes (bids) and the top five sell quotes (asks), each with its aggregate quantity. It is what was historically called “Level 2 data” in the West. Kite renders the depth in a side panel on web and in the quote-screen on the mobile app.

How to open the depth panel

Platform	Open path
Kite web	Click the scrip name in the marketwatch row, or use the keyboard shortcut F12 with a row focused
Kite mobile app	Tap the scrip row; the quote screen shows depth in the lower half

The depth panel updates in real time during market hours.

Minimum stock SIP amount on Kite

Wed, 20 May 2026 00:00:00 +0000

The minimum stock SIP amount on Kite for a Stock SIP is determined by the scrip’s price: you need at least enough to buy 1 share at the time of execution. The exact minimum varies by scrip and changes as the market price changes.

How the minimum is determined

A Stock SIP on Kite (or via Console ) is a recurring buy of a specific equity at a defined frequency. The system:

On the SIP execution date, checks the user’s amount choice (Rs X) and the scrip’s current price.
Computes the floor of (Rs X / current price) = whole shares to buy.
Places a market or limit order for that quantity.

If Rs X is less than the current price, the SIP cannot execute (zero shares). Minimum amount = price of 1 share at execution.

P&L change after 3:30 PM on Kite

Wed, 20 May 2026 00:00:00 +0000

The NSE / BSE equity session closes at 15:30 IST, but the Day’s P&L column on the Kite Holdings tab (and the realised P&L on Positions ) can continue to change for several minutes after that. This is normal back-office activity, not a Kite bug.

What changes between 15:30 and end-of-day

Closing-price finalisation

NSE / BSE compute the closing price of each equity as the volume-weighted average over the last half hour (15:00 to 15:30). The official closing price for the day is published in the bhav copy, typically by 16:00-16:30 IST.

Pay-in funds explained on Kite

Wed, 20 May 2026 00:00:00 +0000

Pay-in on Kite (and Console ) refers to adding funds to your Zerodha trading account from your registered bank. Once funds are paid in, they become part of your cash available on the Kite funds page , usable for buys, F&O margin, or to meet the cash component requirement on F&O positions.

Pay-in methods

Method	Speed	Charges
UPI	Instant (a few seconds)	Free up to most banks’ UPI limits
IMPS	Instant during banking hours	Free (depends on your bank)
NEFT	Up to 30 minutes (settles in 30-min RBI batch)	Free
RTGS	Instant for amounts >= Rs 2 lakh	Free (depends on bank)
Net banking transfer	Generally instant	Free
UPI mandate (for SIPs / IPOs)	Authorisation step; settles per the mandate schedule	Free
Cheque deposit	T+1 or T+2 (legacy; rare now)	Free

UPI is the dominant pay-in method for Indian retail flows. Zerodha supports UPI pay-in through several PSPs.

Positions P&L vs funds gains differences on Kite

Wed, 20 May 2026 00:00:00 +0000

A user closes a position on the Kite Positions tab and sees a realised P&L of Rs X. Looking at the funds page , the cash balance has not increased by exactly Rs X. The difference is normal and explained by several intervening adjustments.

The two figures are not the same thing

Figure	What it shows
Positions P&L (realised)	The pre-charge gain or loss from the trade
Funds gain (cash credit)	The net amount that lands in your account after charges and settlement

A profitable trade with positive Positions P&L will produce a positive funds gain, but the absolute amounts differ.

Sold stocks shown as negative positions on Kite

Wed, 20 May 2026 00:00:00 +0000

A negative quantity on the Kite Positions tab means you have a short position: you sold the instrument without holding it first (or sold more than you held), and are obligated to buy it back to close the position. The negative sign is the standard notation across all Indian broker platforms.

When you can have a negative position

Segment	Negative position allowed?	When closed
Equity intraday (MIS)	Yes, within the trading day	Must be squared off by ~15:20; auto-square-off triggers
Equity CNC	No (cannot short for delivery)	n/a
F&O futures	Yes, including overnight (NRML)	Manual close or expiry
F&O options	Yes (option selling, both legs)	Manual close or expiry
Currency derivatives	Yes (NRML)	Manual close or expiry
Commodity (MCX)	Yes (NRML)	Manual close or expiry

Examples

Intraday equity short

You short 100 RELIANCE at Rs 2,900 (MIS). The Positions tab shows:

Sticky order window on Kite

Wed, 20 May 2026 00:00:00 +0000

The sticky order window on Kite is an option that keeps the order ticket panel open after submitting an order, instead of auto-dismissing it. This lets an active trader place several orders in quick succession without re-opening the ticket each time.

How to enable

Surface	Path
Kite web	Order ticket > settings cog or checkbox > “Keep order window open”
Kite mobile app	Order ticket > preferences > sticky window

The exact menu label varies across Kite builds. In the redesigned order ticket, look for a checkbox or toggle near the Submit button.

12 AM to 12:15 AM previous candle missing (Kite)

Tue, 19 May 2026 00:00:00 +0000

The 12 AM to 12:15 AM candle missing on Zerodha Kite intraday charts is not a bug. The Indian equity session runs 9:15 AM to 3:30 PM; there is no trading in the early-AM hours. The “missing” candle simply reflects the no-trading period.

What this is about

Some users, comparing Kite charts with international platforms (which show 24/7 forex), expect 24-hour candle continuity. On Kite for Indian equity, the session is bounded:

Bar/volume colour mismatch (Kite)

Tue, 19 May 2026 00:00:00 +0000

Bar / volume colour mismatch can be by design or configuration. Candle colour and volume colour serve different purposes; customise to your preference.

ChartIQ 8 features overview (Kite)

Tue, 19 May 2026 00:00:00 +0000

ChartIQ 8 is the version-eight series of the ChartIQ charting library, with several improvements over the version-seven series. Zerodha Kite has been upgrading to ChartIQ 8 (where licensing permits); this article overviews the new features available to Kite users.

Improved theming

ChartIQ 8 supports more robust theme management:

Light theme + dark theme + custom themes.
Theme persistence per account.
Per-element styling (candles, bars, lines, axes).

New chart types

Beyond the standard candle, OHLC, line, area:

How to add indicators to a chart in Zerodha Kite

Tue, 19 May 2026 00:00:00 +0000

Adding technical indicators to a chart in Zerodha Kite is the foundation of technical analysis-based trading. Kite supports 100+ built-in studies covering trend, momentum, volatility, and volume categories. This guide covers the procedure across Kite web and mobile, parameter configuration, and the common indicator selections for new chartists.

How to hedge a naked options position in Zerodha

Tue, 19 May 2026 00:00:00 +0000

Hedging a naked options position in Zerodha is a fundamental risk-management technique. A naked sold call or put has theoretically unlimited downside (call) or substantial downside (put), requiring high margin. Buying a further-OTM option in the same expiry caps the downside risk and dramatically reduces margin requirements.

This guide covers the procedure, the SEBI margin framework, and the strategic implications.

How to pledge mutual fund units for Zerodha margin

Tue, 19 May 2026 00:00:00 +0000

Pledging mutual fund units in your Zerodha demat account lets you use them as collateral for margin trading in F&O (futures and options), intraday equity, and currency / commodity segments. The mechanism allows long-term MF investors to participate in margin trading without redeeming their long-term equity exposure.

This guide covers the procedure, the LTV haircut framework, and the operational considerations.

How to save chart layouts on Kite

Tue, 19 May 2026 00:00:00 +0000

Saving chart layouts on Kite preserves indicator + drawing + timeframe + chart-type settings across sessions. Useful for consistent setups across instruments (e.g., one layout for index analysis, one for individual stocks).

How to switch chart types on Kite

Tue, 19 May 2026 00:00:00 +0000

Switching chart types is one-click. Different types reveal different aspects of price action; common workflows use candlestick for analysis + line for trend overview.

Kite TradingView vs ChartIQ engine

Tue, 19 May 2026 00:00:00 +0000

Zerodha Kite offers two charting engines: TradingView and ChartIQ. Both are third-party charting libraries licensed by Zerodha and embedded in Kite web and Kite app. ChartIQ was the original default; TradingView was added later and is now widely preferred by Kite users for its richer indicator and drawing library.

This article compares the two engines on feature parity, performance, and use-case suitability for Indian retail traders.

Brief history on Kite

ChartIQ has been Kite’s charting engine since Kite’s initial launch in 2015. TradingView’s library was added to Kite around 2020 to give users access to TradingView’s substantially larger indicator and drawing inventory. Both engines are available on Kite web and Kite app via a toolbar toggle.

Moving average 200 on weekly/monthly charts (Kite)

Tue, 19 May 2026 00:00:00 +0000

Moving average with 200 periods is a popular technical indicator. On daily charts it averages 200 trading days (~10 months). On weekly and monthly charts, it represents materially different lookbacks: weekly = ~4 years, monthly = ~17 years.

This article explains the computation and the practical considerations.

Period meaning on each timeframe

A 200-period MA on:

1-min chart: ~200 minutes (~3.3 hours of trading).
Hourly: ~200 hours (~30 trading days, ~6 weeks).
Daily: 200 trading days (~10 months).
Weekly: 200 weeks (~3.85 years).
Monthly: 200 months (~16.67 years).

Data history requirement

For a 200-period MA on monthly chart, you need at least 200 months (16.67 years) of historical data. For most Indian stocks, this is available; for newer listings (e.g., post-2010 IPOs), 200-month MA may not be computable until enough history exists.

Pivot points discrepancy on Kite

Tue, 19 May 2026 00:00:00 +0000

Pivot points on Kite can sometimes show different values from third-party calculations or other broker platforms. The discrepancy is usually explained by differing input data conventions.

Sources of discrepancy

OHLC source

Pivot points (P, R1-R3, S1-S3, BC, TC, etc.) compute from previous-period OHLC. The “previous period” can be:

Previous trading day OHLC (most common).
Previous trading week OHLC.
Previous trading month OHLC.

Kite’s pivot indicators use one source; third-party calculations may use another. Mismatching sources produces different pivots.

Kite charts (Zerodha's web and mobile charting platform)

Sun, 17 May 2026 00:00:00 +0000

Kite charts is the charting subsystem inside Zerodha’s Kite trading platform, available on the kite.zerodha.com browser terminal and the Kite mobile applications for Android and iOS. It is the principal price-action visualisation surface for clients of Zerodha , serving equities and exchange-traded funds (ETFs) on the National Stock Exchange and Bombay Stock Exchange , equity derivatives on NSE and BSE, currency derivatives, commodity derivatives on MCX and NCDEX, and government securities. Kite charts is built around two interchangeable rendering engines, ChartIQ and TradingView, both licensed from third-party vendors and integrated into Kite’s data plumbing.

How to add and customise alerts on Kite

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

Kite provides a built-in alert system that notifies you when a scrip’s last traded price crosses a threshold you specify. Alerts are independent of the trading session: they monitor prices during market hours and fire a notification to your browser, mobile app or email when the condition is met. For more sophisticated multi-condition or technical indicator alerts, Zerodha Sentinel extends this capability. This guide covers the complete procedure for creating, customising and managing basic Kite alerts.

How to add funds to Zerodha via net banking

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

Net banking is one of three instant-credit deposit methods available on Zerodha . It is the preferred option when the deposit amount exceeds the UPI per-transaction ceiling of Rs 1,00,000, or when the client’s bank is not enabled for UPI. This guide covers the complete flow on both Kite web and the Kite mobile app , supported banks, per-transaction limits, and troubleshooting.

How to add funds to Zerodha via UPI

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

Adding funds to a Zerodha trading account via Unified Payments Interface is the fastest self-service deposit method available to resident Indian clients. UPI deposits are credited within minutes during business hours and are available around the clock for initiation. This guide covers the end-to-end flow on both Kite web and the Kite mobile app , the applicable limits, timing expectations, and common failure modes.

How to bid in an RBI primary bond auction via Zerodha

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

This guide explains how retail investors can participate in the Reserve Bank of India’s primary bond auctions for Government Securities (G-Secs) and Treasury Bills (T-Bills). Primary auction participation allows investors to receive freshly issued government securities at the price determined by the institutional market, without any secondary market premium or broker markup on the price.

There are two routes for retail investors:

Zerodha Kite: Non-competitive bid submission via NSE’s scheme, aggregated by Zerodha. Requires only an existing Zerodha account.
RBI Retail Direct portal (rbiretaildirect.org.in): Direct non-competitive bid submission without a broker. Requires a separate Retail Direct Gilt Account (RDGA) at RBI. Zero brokerage; direct settlement into the SGL-linked demat.

This guide covers both routes, with the Kite procedure detailed more extensively given the Zerodha context. The encyclopedic overview of G-Secs on Zerodha and T-Bills on Zerodha provides background on the instruments themselves. The secondary market alternative is covered in How to buy a G-Sec on Zerodha Kite and How to buy a T-Bill on Zerodha .

How to buy a bond on Zerodha

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

This guide explains how to buy listed bonds and Non-Convertible Debentures (NCDs) through Zerodha’s Kite platform. The process covers the exchange-traded secondary market for bonds listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) . For primary NCD applications during new issue windows, investors must follow a separate process through the electronic book mechanism on NSE or BSE; that process is not covered here. For information on buying Government Securities or T-Bills , see the dedicated guides.

How to buy a G-Sec on Zerodha Kite

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

This guide walks through buying Government Securities (G-Secs) in the exchange-traded secondary market through Zerodha’s Kite platform. The secondary market route allows retail investors to buy existing G-Secs without participating in a primary RBI auction. For primary auction participation, a separate RBI Retail Direct account is required; that process is covered in How to bid in an RBI primary bond auction via Zerodha .

The encyclopedic overview of G-Secs on Zerodha covers types of government securities, yield mechanics, duration risk, and tax treatment. This article focuses on the step-by-step procedure for the secondary market.

How to buy a Sovereign Gold Bond on the secondary market via Kite

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

This guide explains how to buy Sovereign Gold Bonds (SGBs) in the exchange-listed secondary market through Zerodha’s Kite platform. SGBs are government securities denominated in units of one gram of gold, issued by the Government of India under the SGB Scheme administered by the Reserve Bank of India (RBI) . Once issued, SGBs are listed on the NSE and BSE and can be bought and sold like listed securities.

Buying in the secondary market offers two advantages over a new primary issue: (a) you can buy at any time, not only during the two-to-three-day subscription windows that RBI opens periodically; and (b) secondary market prices often trade at a discount to the prevailing gold price NAV, allowing entry below the RBI’s official issue price.

How to buy a T-Bill on Zerodha

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

This guide explains how to buy Treasury Bills (T-Bills) through Zerodha’s Kite platform. T-Bills are short-duration sovereign instruments issued by the Government of India and managed by the Reserve Bank of India (RBI) . They are zero-coupon instruments: there is no periodic interest payment; instead, the government issues them at a discount to face value and redeems them at face value on the maturity date. The difference between the purchase price and Rs 25,000 constitutes the investor’s return.

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 enable nudges and the F&O kill switch on Zerodha

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

Zerodha’s nudge system and the F&O kill switch are two related investor protection features that address the documented risk of retail traders losing money in the derivatives (futures and options) segment. Kite nudges are real-time behavioural warnings that appear at the order ticket level when a specific order meets a risk criterion. The F&O kill switch is a more drastic opt-out tool that disables the ability to open new derivative positions entirely. Both features were developed partly in response to SEBI directives on investor protection in the F&O segment. This guide explains how each feature works and how to use them.

How to exit a multi-leg F&O position on Zerodha

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

Exiting a multi-leg F&O position on Zerodha requires closing every leg in a controlled sequence that avoids leaving any open naked exposure. A poorly managed exit, where one leg closes but another remains open, can transform a defined-risk strategy into an unhedged position with potentially large losses. This guide explains how to close all legs cleanly using the basket order method and what to do in an emergency.

For entry via basket order see How to use basket order for multi-leg options on Kite . For building the strategy initially see How to build an options strategy on Sensibull .

How to fix a circuit-limit rejection on Zerodha

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

A circuit-limit rejection on Kite arises in two distinct scenarios: a market-wide trading halt triggered by a large index fall, or a per-instrument circuit breaker that limits the maximum price movement for a specific stock or contract. The resolution differs substantially between the two cases.

Understanding which type of circuit applies to your order is the essential first diagnostic step.

How to fix a missing holding after delivery on Zerodha

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

A buy order executed with the CNC (Cash and Carry) product code on Kite results in shares being credited to your demat account after settlement. Under India’s T+1 settlement cycle (effective January 2023 for most NSE and BSE equities), the shares are credited on the next trading day after the trade. If you do not see the shares in Kite’s Holdings section, the most common cause is that T+1 settlement has not yet completed.

How to fix a price-band rejection on Zerodha

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

A price-band rejection on Kite occurs when the limit price you have specified in a buy or sell order falls outside the daily price range permitted by NSE or BSE for that instrument. Exchanges impose these price bands (also called circuit filters or circuit breakers) to limit extreme intraday price swings and protect market integrity.

The rejection message typically reads: “Order price is outside the allowable price band” or “Price is out of the DPR (Daily Price Range)” at the exchange level.

How to fix an 'order rejected: insufficient margin' error on Zerodha

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

When Kite rejects an order with the message “order rejected: insufficient margin”, the Zerodha Risk Management System (RMS) has determined that your available margin balance is below the minimum required to open or carry the requested position. This is one of the most common rejection codes across equity intraday, derivatives, commodity, and currency segments.

The rejection is protective: it prevents your account from going into a debit balance that would trigger a margin-call or auction process. Understanding why it fires and how to resolve it quickly can save substantial time during live market hours.

How to fix an 'order rejected: RMS' error on Zerodha

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

When Kite rejects an order with a message beginning “RMS:”, Zerodha’s internal Risk Management System has blocked the order before it reached the exchange. RMS is a pre-trade validation engine that checks margin, position limits, scrip restrictions, OI caps, and other broker-level risk parameters. The sub-code that follows “RMS:” identifies the specific check that failed.

Unlike exchange-level rejections (which carry NSE or BSE error codes), RMS rejections are issued by Zerodha’s servers. The exchange never processes a RMS-rejected order, so there is no exchange acknowledgement number for such orders.

How to fix Kite charting and streaming lag on Zerodha

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

Kite uses WebSocket connections to deliver real-time streaming quotes to the browser and to update live candles on charts. Charting and streaming lag, frozen prices, delayed candle updates, or charts that do not load, can originate from Zerodha’s servers, your internet connection, your browser, or your device. Identifying the root cause is the essential first step.

How to handle a freeze-quantity rejection on Zerodha

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

A freeze-quantity rejection occurs when you attempt to place a single order on Kite for a quantity that exceeds the maximum order size (the “freeze quantity” or “freeze lot”) set by NSE or BSE for that instrument. The exchange rejects such orders at the matching engine level before any fill can occur.

This is not a Zerodha-specific restriction. Both NSE and BSE define freeze quantities for individual stocks and derivatives contracts as a market-integrity safeguard to prevent erroneous bulk orders from disrupting the order book.

How to handle a partially filled order on Zerodha

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

A partial fill occurs when only part of your order quantity matches available counterparty orders in the exchange order book. The filled portion becomes an executed trade; the unfilled portion remains as a live order in the book, waiting for matching orders at your limit price.

Partial fills are most common with limit orders in low-liquidity stocks or when the order size is large relative to the available depth at the limit price. They also occur in fast-moving markets where the price moves away from your limit price after a partial match.

How to invest in a smallcase via Kite

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

Zerodha ’s Kite platform provides a built-in entry point to the smallcase marketplace, allowing investors to browse, subscribe, and invest in thematic basket portfolios without leaving the Kite interface. The Kite Connect API routes the basket order as individual equity orders, each credited to your demat account upon T+1 settlement. This guide describes the end-to-end flow specifically from within Kite, which differs slightly from accessing smallcase.com directly.

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 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 read option Greeks on Kite

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

Option Greeks are sensitivity measures that quantify how an option’s price changes in response to changes in the underlying price, time, implied volatility, and interest rates. Kite displays Greeks in its options chain Greek tab; Sensibull shows net Greeks for multi-leg strategies. This guide explains how to find and interpret each Greek and how to use them to make better trade decisions.

For the options chain navigation itself see How to use the options chain on Kite . For applying Greeks to a full strategy see How to build an options strategy on Sensibull .

How to read the Kite order book

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

The order book on Zerodha Kite is the primary interface for tracking the status and execution details of every order you have placed in the current trading session. Understanding each column and status code is essential for verifying fills, troubleshooting rejected orders and reconciling your intended trades with actual executed trades. This guide explains every element of the Kite order book and what it tells you about the lifecycle of your orders.

How to read the Kite trade book

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

The trade book on Zerodha Kite records every individual fill (execution) that has occurred in the current trading session. It is distinct from the order book : the order book shows one row per order placed, whereas the trade book shows one row per fill received from the exchange. A single order can generate multiple trade book rows if it is filled in partial batches. This guide explains every column in the Kite trade book and how to use it to verify your executions.

How to recover a forgotten Kite password on Zerodha

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

If you have forgotten your Kite trading password, Zerodha provides a self-service password reset flow accessible from the login screen. The process requires access to the mobile number registered with your Zerodha account, as the OTP for identity verification is sent to that number.

This guide covers the standard reset flow, troubleshooting when the OTP does not arrive, and what to do if your account appears locked.

How to recover a forgotten Kite user ID on Zerodha

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

The Kite login screen requires a Zerodha client ID (also called user ID) rather than a username or email address. The client ID is a 6-character alphanumeric code assigned at account opening (e.g., AB1234). Forgetting this ID is common, especially among infrequent traders.

Recovering the client ID does not require password access and can be done in several ways, most of which take under a minute.

How to reset 2FA on Zerodha

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

Zerodha requires two-factor authentication (2FA) for all Kite logins. The two options are:

TOTP (Time-based One-Time Password): generated by an authenticator app on your phone (Google Authenticator, Authy, Microsoft Authenticator, or any RFC 6238-compliant app).
SMS OTP: a 6-digit code sent to the mobile number registered with Zerodha.

A 2FA reset is needed when you lose access to your authenticator app (phone replaced, app deleted, app data lost) or when the TOTP codes generated by the app no longer match the expected codes (time-sync issue).

How to roll over an F&O position on Zerodha

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

Rolling over an F&O position means closing the expiring near-month contract and simultaneously (or near-simultaneously) opening an equivalent position in the next-month contract, thereby maintaining continuous market exposure beyond the current contract’s expiry without triggering physical settlement or forced close-out.

For context on F&O segment operations see F&O segment on Zerodha and How to trade futures on Kite (first time) .

When rollovers are necessary

NSE and BSE list F&O contracts for three monthly expiry cycles (current month, next month, and the month after that). Each contract expires on the last Thursday of its month. On expiry day, the contract settles: futures contracts settle to the final settlement price (the closing spot price of the underlying), and options contracts settle to their intrinsic value.

How to schedule an instant withdrawal from Zerodha

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

An instant withdrawal on Zerodha is a standard payout request placed before the 9:00 AM IST cutoff on a business day. Requests placed within this window are processed by Zerodha’s banking partner via IMPS and typically credited to your registered bank account on the same business day. Requests placed after 9:00 AM are processed on the next business day. This guide explains the full procedure on Kite web and the Kite mobile app , the eligibility conditions, limits, and common failure modes.

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.

How to take an MTF position on Zerodha

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

The Margin Trading Facility on Zerodha allows investors to purchase eligible equity shares at a fraction of the total purchase price, with the balance funded by Zerodha as a short-term loan. The purchased shares serve as collateral for the loan and are held in the investor’s CDSL demat account in a pledged state. Interest accrues daily on the funded (borrowed) amount. MTF is a delivery product; shares are credited to the demat account after T+1 settlement and can be held for extended periods, subject to margin maintenance requirements.

How to trade futures on Kite (first time)

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

This guide walks through placing a futures trade on Kite for the first time. Futures are standardised exchange-traded contracts to buy or sell an underlying asset at a fixed price on a specific expiry date. On Indian exchanges, equity futures are settled daily on a mark-to-market basis and finally settled (cash or physical) on expiry. This guide covers the mechanics of executing the trade; for the regulatory and margin framework see F&O segment on Zerodha .

How to trade options on Kite (first time)

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

This guide covers placing an options trade on Kite for the first time. Options are contracts that give the buyer the right, but not the obligation, to buy (call) or sell (put) an underlying asset at a specified price (the strike) on or before the expiry date. On the NSE, all equity index and stock options are European-style, meaning they can only be exercised at expiry, not before.

For strategy construction and payoff analysis, see How to build an options strategy on Sensibull and How to use options payoff charts . For the margin framework, see How to calculate margin using the SPAN calculator .

How to use the basket order for multi-leg options on Kite

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

The basket order feature on Kite allows you to prepare and submit up to ten orders in a single click, making it the standard tool for entering multi-leg options strategies where each leg must be placed as close to simultaneously as possible. This guide explains how to build a basket, set prices, and manage the submission, including what to do when legs fill partially.

For building the strategy before execution see How to build an options strategy on Sensibull . For exiting an existing multi-leg position see How to exit a multi-leg F&O position on Zerodha .

How to use the marketwatch on Kite

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

The marketwatch is the primary instrument panel on Zerodha Kite , displaying live price data, change metrics and market depth for the financial instruments you want to monitor. On Kite web , the marketwatch occupies the left-hand panel and persists across the platform. On the Kite mobile app , the marketwatch is the first tab in the bottom navigation. This guide walks through setting up and using the marketwatch effectively.

Understanding the marketwatch layout

The marketwatch on Kite web is a vertical panel on the left side of the screen. It contains:

How to use the options chain on Kite

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

The options chain on Kite provides a unified view of all call and put contracts for a given underlying and expiry, along with real-time pricing, open interest, implied volatility, and the option Greeks. Understanding how to read it is a prerequisite for informed options trading on Zerodha .

For background on how F&O trading works see How to trade options on Kite (first time) and F&O segment on Zerodha .

What the options chain shows

An options chain is a table listing every tradable strike for a given underlying and expiry, with live market data for both the call and put side. Each row is a single strike price; the corresponding CE and PE contracts for that strike appear on opposite sides of the table.

How to view holdings on Kite vs Console

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

Equity shares purchased on Zerodha Kite using the CNC product code are held in your demat account at CDSL (Central Depository Services Limited). Both the Kite trading platform and Zerodha Console provide views into these holdings, but with different levels of detail and analytical depth. This guide explains how to use both platforms to view your holdings, what each shows, and how they relate to the authoritative demat record at CDSL.

Kite holdings, real-time portfolio

The Kite holdings screen provides a live, trading-oriented view of your equity portfolio. It is designed for quick reference during market hours.

How to whitelist Kite IPs on a corporate network

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

Zerodha Kite is a browser-based and mobile trading platform that communicates with Zerodha’s servers over HTTPS and WebSocket connections. Corporate networks often block non-business web traffic through firewalls, web proxies, or URL filtering systems. If Kite is inaccessible or partially functional on a corporate network, the likely cause is that one or more required domains or connection types are blocked.

This guide is addressed to both individual users who want to request a firewall change from their IT department and to IT administrators implementing the whitelist.

How to withdraw funds from Zerodha

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

Withdrawing funds from Zerodha sends the selected amount from the trading account to the primary bank account registered with your Zerodha account, via IMPS during business hours. The process is initiated entirely within Kite and requires no interaction with the bank. There is no withdrawal fee. This guide covers the complete flow on Kite web and the Kite mobile app , the withdrawal cutoff, limits, and troubleshooting.

AMO (After Market Order) on Zerodha

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

An AMO (After Market Order) is a feature on Kite , Zerodha’s trading platform, that allows traders to place buy or sell orders outside normal market hours. The order is stored on Zerodha’s servers and submitted to the exchange at the start of the next trading session. This facility enables traders who cannot monitor markets during live hours to set orders in advance, including in the evenings, early mornings, or on weekends.

Basket order on Kite

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

A basket order on Kite , Zerodha’s trading platform, is a facility that allows traders and investors to create a list of multiple orders across different instruments and submit them all at once with a single action. Each individual order in the basket is a standard Kite order, it can be a market , limit , or SL order with any applicable product code, but the basket feature enables batch submission that saves time for multi-instrument strategies.

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.

BTST (Buy Today Sell Tomorrow) on Zerodha

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

BTST (Buy Today Sell Tomorrow) is a trading strategy in which an investor buys equity shares on one day and sells them on the next trading day, before the purchased shares are credited to their demat account through the normal settlement cycle. On Zerodha , BTST trades are executed using the CNC product code for both the buy and the subsequent sell order.

Under India’s T+1 settlement framework, shares bought on Day 0 (T) are credited to the buyer’s demat account on Day 1 (T+1). BTST involves selling these shares on Day 1 before the credit arrives, technically selling shares that are in the pipeline of settlement rather than in the demat account. This creates a specific settlement risk called short delivery.

CNC product code on Zerodha

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

CNC (Cash and Carry) is a product code on Kite , Zerodha’s trading platform, that designates an equity trade as a delivery transaction. When a trader selects CNC for a buy order, Zerodha blocks the full transaction value from the available cash balance (no leverage), and upon execution, the shares are credited to the trader’s demat account on T+1 settlement. When CNC is selected for a sell order, shares are deducted from the demat account and the proceeds are credited after settlement.

Commodity derivatives (MCX) on Zerodha

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

The commodity derivatives segment on Zerodha provides access to futures and options contracts on the Multi Commodity Exchange of India (MCX), the country’s largest commodity exchange by volume. The segment covers metals (gold, silver, copper, aluminium, zinc, lead, nickel), energy (crude oil, natural gas), and agricultural commodities (cardamom, cotton, crude palm oil). Zerodha also offers access to the National Commodity and Derivatives Exchange (NCDEX) for agricultural commodity contracts.

India’s commodity derivatives market was merged under SEBI ’s regulatory umbrella in 2015 after the Forward Markets Commission (FMC) was merged into SEBI pursuant to the Forward Contracts (Regulation) Amendment Act, 2010. This integration brought commodity brokers under the same regulatory framework as equity brokers and enabled equity broker-members such as Zerodha to offer commodity derivatives without a separate licence.

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.

Disclosed quantity orders

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

A disclosed quantity order is a limit order in which the trader specifies that only a fraction of the total order quantity should be visible in the public order book (the market depth) at any given time. The remaining quantity, the undisclosed portion, is held by the exchange and released into the book as successive tranches of the disclosed quantity are filled. The exchange matching engine treats the full order quantity as active, but only market participants see the disclosed portion.

GTT (Good Till Triggered) order on Zerodha

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

A GTT (Good Till Triggered) order is a Zerodha feature that keeps a conditional buy or sell order active for up to one year, firing a regular limit order to the exchange only when the stock reaches your set trigger price. Unlike standard orders placed on Kite , which are cancelled at the end of each trading day, a GTT order persists in Zerodha’s own infrastructure until a user-defined price condition is met, at which point Zerodha submits a regular limit order to the exchange on the trader’s behalf.

Iceberg order on Kite

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

An iceberg order is an order type on Kite , Zerodha’s trading platform, that allows a trader to place a large total quantity while displaying only a small fraction of that quantity, the tranche size, in the public order book at any given time. As each visible tranche is filled, the next tranche is automatically submitted to the exchange, continuing until the entire order quantity is executed or cancelled.

The name derives from the analogy of an iceberg: a small portion is visible above the surface (the order book), while the much larger bulk remains hidden below. Iceberg orders are also known as reserve orders in international market terminology and are closely related to the disclosed quantity feature on Kite.

Kite (Zerodha trading platform)

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

Kite is the flagship trading platform operated by Zerodha , one of India’s two largest stockbrokers, comprising a browser-based terminal at kite.zerodha.com and a mobile application for Android and iOS, launched in 2015. It is regulated indirectly through Zerodha Broking Limited, a SEBI-registered stockbroker (registration INZ000031633) and a member of the National Stock Exchange, the Bombay Stock Exchange, and the Multi Commodity Exchange. It provides retail and institutional clients with access to equities, equity derivatives, currency derivatives, commodity derivatives, and government securities across the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), as well as commodity exchanges operated by the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange (NCDEX).

Limit order on Kite

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

A limit order is an instruction to a stockbroker to buy or sell a financial instrument at a specified price or better. On Kite , the trading platform operated by Zerodha , a limit order is placed by selecting “LIMIT” in the order type dropdown and entering the desired price in the price field. Unlike a market order , a limit order will not execute unless the market price reaches the trader’s specified level; it therefore guarantees price but does not guarantee execution.

Market order on Kite

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

A market order is an instruction to a stockbroker or trading platform to buy or sell a financial instrument immediately at the best price currently available in the market. On Kite , the trading platform operated by Zerodha , a market order is placed by selecting “MARKET” in the order type dropdown. The exchange matching engine fills the order at whatever bid (for a sell) or ask (for a buy) is sitting at the top of the order book at the moment the order reaches the exchange.

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.

MTF product code on Zerodha

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

MTF (Margin Trading Facility) is a product code on Kite , Zerodha’s trading platform, that enables investors to buy eligible equity shares by paying only a portion of the total transaction value upfront. The remainder is funded by Zerodha as a loan, on which interest accrues daily. The purchased shares serve as collateral for the loan and are held in the investor’s demat account in a pledged state until the MTF position is fully paid for or sold.

NRML product code on Zerodha

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

NRML (Normal) is a product code on Kite , Zerodha’s trading platform, used for futures and options, currency derivatives, and commodity derivatives positions that are intended to be held overnight or for multiple sessions. Unlike MIS (Margin Intraday Squareoff) , there is no auto-square-off under NRML. The position remains open until the trader chooses to close it or until the contract expiry, subject to margin maintenance requirements.

NRML positions are margined at the full exchange-mandated SPAN (Standard Portfolio Analysis of Risk) plus exposure margin, without the intraday discount that MIS provides.

Order validity types on Kite, DAY and IOC

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

Order validity refers to the duration for which an order remains active in the exchange’s order book if it is not immediately filled. On Kite , Zerodha’s trading platform, every order carries one of two validity types: DAY or IOC (Immediate or Cancel). The validity type is selected at the time of order placement in the order form. Understanding the difference between these two types is essential for controlling execution outcomes, particularly for limit orders and conditional orders.

SL (Stop Loss limit) order on Kite

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

An SL (Stop Loss limit) order is a conditional order type that becomes active only when a user-defined trigger price is reached. Once triggered, it enters the exchange order book as a standard limit order at a separately specified limit price. On Kite , Zerodha’s trading platform, this order type is selected by choosing “SL” from the order type dropdown, after which two price fields appear: the trigger price and the limit price.

SL-M (Stop Loss Market) order on Kite

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

An SL-M (Stop Loss Market) order is a conditional order type that monitors the market for a trigger price and, when that trigger is reached, submits a market order to the exchange for immediate execution at the best available price. On Kite , Zerodha’s trading platform, an SL-M order is placed by selecting “SL-M” from the order type dropdown and entering only a single price field: the trigger price. Unlike the SL (Stop Loss limit) order , no separate limit price is specified. Once triggered, execution is at whatever price the market offers.

Trigger price vs limit price on Kite

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

A trigger price is the market price level at which a pending stop-loss order is activated and sent to the exchange; a limit price is the price at which that activated order is then placed in the order book. The trigger decides when the order fires, the limit decides the worst price it will accept. On Kite , Zerodha’s trading platform, these two parameters appear together in the order form when placing an SL (Stop Loss limit) order. Confusing these two parameters is among the most common errors made by new Kite users, and the consequences, a stop-loss that fails to execute or executes at an unintended price, can be materially harmful.

Zerodha

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

Zerodha is an Indian discount stockbroker headquartered in Bengaluru, Karnataka, founded in 2010 by Nithin Kamath and Nikhil Kamath, a member of the National Stock Exchange, the Bombay Stock Exchange, and the Multi Commodity Exchange, regulated by the Securities and Exchange Board of India under registration INZ000031633. It pioneered the discount brokerage category in India by popularising a flat-fee, technology-first model, and reports over 1.6 crore clients accounting for about fifteen per cent of Indian retail trading volumes. The firm’s name is a portmanteau of “zero” and the Sanskrit word “rodha” (barrier), reflecting its founding intent to lower the cost of market participation for retail investors.

Zerodha Sentinel (price alert platform)

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

Zerodha Sentinel is a price and market condition alert platform operated by Zerodha , accessible at sentinel.zerodha.com. Sentinel allows traders and investors to set alert conditions on NSE and BSE listed instruments (equities, indices, futures, and options) and receive notifications via push notification to the Kite Mobile app , email, or SMS when the specified conditions are met. Sentinel operates independently of exchange order entry; it does not place orders on the exchange but only notifies the user, leaving the order decision and execution to the user.