Liquidity on WebNotes

Nifty Next 50 futures on Zerodha

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

Nifty Next 50 futures are futures contracts on the Nifty Next 50 index, listed on the National Stock Exchange (NSE) and traded in India through brokers including Zerodha . The underlying index covers the 50 companies ranked 51 to 100 by free-float market capitalisation, the Nifty 100 after the Nifty 50 is removed, and is maintained by NSE Indices Limited. One contract settles in cash against the index close and expires on the last Tuesday of its month under the schedule SEBI set from September 2025. The defining feature for a trader is liquidity: Nifty Next 50 futures trade far thinner than Nifty 50 futures .

Strike selection on the option chain

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

Strike selection is the choice of which option strike to trade, made by weighing the strike’s delta and its implied probability of expiring in-the-money, its liquidity as shown by open interest and volume, the risk-reward of the position, and the tradeoff between in-the-money, at-the-money and out-of-the-money moneyness . On Zerodha it is done by reading the Kite option chain, which lists every listed strike with its open interest, volume, implied volatility and, in the Greeks tab, its delta and the other Greeks. The strike a trader picks fixes the cost, the leverage, the probability of profit and the risk profile of the whole position.

Why market orders are blocked on T2T and debt instruments on Kite

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

Market orders are blocked on trade-to-trade (T2T) stocks and on debt-category instruments, including Sovereign Gold Bonds , on Kite ; only limit orders are accepted. The reason is liquidity. These instruments trade in low volume, so a market order , which fills at the best available price regardless of level, can execute far from the last traded price. On a thin order book a market order can fill a small quantity at a sensible price and the rest at a punishing one, committing a trader to a far larger or smaller cash amount than intended with no chance to react. Requiring a limit order forces the trader to set a price ceiling or floor, which is the protection these instruments need.