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 Order on WebNotes

SL-M (Stop Loss Market) order on Kite