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.

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.

Stop-Loss Market on WebNotes

How to place an SL-M order on Kite

SL-M (Stop Loss Market) order on Kite