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Orders

Use the order book to track all open, completed, and rejected orders.

Open: All the open orders are visible in this section. Edit or cancel pending orders by tapping on them.

Executed: Tap on the executed orders to know the order details, including reasons for any rejected orders. The orders can get rejected for one of many reasons, like insufficient margin, incorrect use of order type, scrip not available for trading, stock group change, etc. The rejection reason is displayed in the order book.

GTT: All the GTT orders are visible in the GTT order book.

  • See all open and executed orders on the orders screen.

  • Swipe to switch between open, executed and GTT orders.

  • Tap on any order to see details, modify, repeat or cancel an order.

Cancel multiple pending orders

Long press on the pending orders screen to select multiple orders and cancel them together.

Basket orders

A basket order places multiple orders at the same time. They can be saved on Kite and used anytime.

The basket order feature can be used from the Tools window on Kite app. To create a basket order, follow these steps:

  1. Tap on the New basket option.
  2. Name the basket.
  3. Search and add the instruments to the basket.
  4. Slide the Execute button.

The orders in the basket can be edited by tapping on the order and tapping on Modify.

A maximum of 20 orders can be added to the basket, and a maximum of 50 baskets can be created on one client ID.

Margins for Basket order

Required margin is the funds needed to place all the orders in the basket.

Final margin is the eventual margin that will be blocked in the trading account after the order execution.

The required margin will differ depending on the order of the individual orders, but the final margin will be the same. For the Nifty bull call spread example below, check how the required margin changes by rearranging the orders. As a result, when entering an F&O strategy, it is always better to place the buy option orders first so that the required margin is lower. This sequence of orders will make no difference when trading shares. Also, when shorting (writing) options, the final margin blocked for naked short option orders will be lesser as the premium will be credited to the account.

To check the margin requirements by including all open positions that are not part of the basket, select include existing positions. But if this is selected, in some cases, the required margin might show 0, whereas funds might be required to place the order. This is because an order in the basket could potentially be reducing the overall margin, but it might require a margin to place the order. Keep this option disabled if it is confusing.

Execution

Slide on the Execute option on the basket to execute the order. Orders are placed in the same sequence as in the basket. Confirm the status of all the individual orders within the basket or on the Kite orderbook if placed, executed or rejected after the basket order is executed.

Use the Clone option to get over the order freeze or quantity limit.

There are per-order maximum limits set when trading shares and F&O called Freeze quantity. Freeze quantity limits can be checked under Volume Freeze Quantity on the NSE website (WEB). To execute orders larger than this, place orders multiple times. With baskets, this can be done easily using the clone order function.

Replacing a rejected order

Assume a few of the orders that are part of the basket get rejected. The order can be edited and executed manually from the basket order window itself.

SIP

The stock SIP feature can only be used for delivery trades in the cash market. To set up a stock SIP, follow the steps below:

  1. Tap on Tools.
  2. Tap on SIPs.
  3. Tap on + New Sip.
  4. Enter a name.
  5. Select the basket or create a new basket by tapping on + New basket.
  6. Set the preferred date and time.
  7. Tap on Create.

Stock SIP orders are purely a CNC product, and Market or Limit orders are allowed through SIP. Any other product or order type placed in the basket will not go through. See How to create a stock SIP on Kite?

Kite alerts

Create real-time market alerts on any data point and combination on the cloud. A maximum of 200 alerts can be created and the notification is sent on Kite and on email once the alerts are triggered. With Kite alerts, simple alerts or alerts based on if, this, then, that conditions can be created. See What are Kite alerts and how to use them?

To create an alert, follow these steps:

  1. Tap on the instrument.
  2. Tap on Create alert.
  3. Enter the name of the New alert.
  4. Select the Property.
  5. Enter the value
  6. Swipe on Create.

Market timings

The market timings are as follows:

Equity

Pre-market 9:00 AM to 9:15 AM
Normal trading 9:15 AM to 3:30 PM
Post-market 3:40 PM to 4:00 PM

All new IPOs are listed on the exchange at 10:00 AM. The pre-open session for IPOs on listing day, when the buy and sell orders are collected to help reduce the volatility and improve price discovery, is from 9:00 AM to 10:00 AM

Visit zerodha.com/z-connect/queries/stock-and-fo-queries/pre-marketpost-marketafter-market-orders to learn more about pre and post-market sessions.

Currency

  • 9:00 AM to 5:00 PM

Commodity

  • Internationally referenceable non-agri commodities:
9:00 AM to 11:30 PM March to November
9:00 AM to 11:55 PM November to March
Base Metal Aluminium, copper, lead, nickel, zinc and MCX Metldex
Bullion Gold, gold mini, gold guinea, gold petal, silver, silver mini, silver micro and MCX Bulldex
Energy Crude oil, natural gas and MCX Enrgdex

  • Internationally referenceable agri commodities (Cotton, CPO and KAPAS) - 09:00 AM to 09:00 PM

  • All Other agri commodities (Cardamom, menthaoil and rubber) - 09:00 AM to 05:00 PM

The markets are closed on trading holidays. Visit zerodha.com/z-connect/traders-zone/holidays/market-holiday-calendar-2023-nse-bse-and-mcx to see the market holiday calendar for 2023.

IPO

Apply online and invest in companies listing on the Indian exchanges with an Initial Public Offering (IPO) using UPI. To apply for IPOs, follow these steps:

  1. Tap on Orders.
  2. Tap on IPO.
  3. Select the IPO from the ongoing list of IPOs and tap on Apply.
  4. Tap on Apply and enter the UPI ID.
  5. Enter or edit the Quantity and the Price.
  6. Tap on the undertaking tick box and swipe the Submit button.
  7. Accept the mandate on the UPI app.

The exchange will send an SMS confirming the application by the end of the day. The bid details can be verified one day after applying for the IPO by visiting NSE (WEB) website.

IPO orders can be placed anytime between 10:00 AM on the issue opening day and 4:30 PM on the issue closing day. New applications that are placed during market hours are submitted to the exchange on the same day, whereas the applications that are placed between 4:30 PM and 10:00 AM the next day are submitted when the IPO market opens. The submitted IPO applications can be modified or cancelled only between 10:00 AM and 4:30 PM on trading days.

Visit support.zerodha.com/category/console/ipo for IPO-related queries.

Auctions

An auction is a trading session where the exchange requests fresh offers from sellers for shares that were not delivered due to a short delivery. Short delivery occurs when the exchange cannot transfer the shares purchased to the buyer's demat account because the seller of the shares failed to do so. To learn more about short delivery, see What is short delivery and what are its consequences To learn more about the auction, see How to participate in the auction markets on Kite?

To participate in the auction market, follow these steps:

  1. Tap on Orders.
  2. Tap on Auctions.
  3. Tap on the desired stock and tap on Sell at auction.
  4. Fill in the details and swipe on Sell.

If the Power of Attorney (POA) or Demat Debit and Pledge Instruction (DDPI) is not submitted, holdings can be sold using CDSL TPIN. To learn how to authorise the holdings and sell, see What is the CDSL TPIN and how to use it to sell the stock holdings?