Why MIS is blocked for FINNIFTY contracts on Zerodha

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

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

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

Product Restriction on WebNotes

Why MIS is blocked for FINNIFTY contracts on Zerodha