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Orders

Shortcut keys – B (Buy), S (Sell)

Order window

Hover over the scrip on the watchlist to initiate a Buy/Sell order window. Use shortcut keys B or S.

Floating order window

To reposition the order window, just click on it and drag it wherever you want. Kite will remember the position the next time you place an order.

Product types

CNC (Cash n Carry)

For delivery based equity trades.

To buy stocks for CNC or for delivery 100% money required. To sell stocks as CNC, stocks need to be available in holdings.

MIS (Margin intraday squareoff)

For intraday trades in equity and F&O

Trade using MIS for additional leverage/margin. All MIS positions auto-squared off 10 to 15 minutes before close of markets or when losses exceed 50% of margin (Auto-square off rule can vary based on market conditions).

  • Upto 10 times intraday leverage for equity
  • Upto 3 times for futures
  • Upto 3 times for options shorting
  • No leverage for option buying

NRML (Normal F&O trades)

For intraday/overnight F&O trades without additional leverage

Exchange stipulated margins, positions taken as NRML can be held until expiry, provided required margins maintained.

All queries on margin answered on this blogpost. To know margin requirements use our SPAN calculator.

Order types

Limit (LMT) order

Place buy or sell order at a predetermined price

Market (MKT) order

Place an order to be bought or sold at the best available price.

Note

Because of illiquidity of stock option contracts, market orders have been disabled on stock options. Only limit orders are allowed. Place a limit buying order higher than the current price or selling order below the current price, this will act as good as market order but will also protect from any impact cost due to illiquidity.

Stoploss or trigger orders (SL and SL-M)

Stoploss if placing a predetermined loss booking order at a trigger price.

Trigger if using this type of order to enter a fresh buy above the current market price or sell below the current market price when the trigger price is hit.

SL if limit order to be sent when trigger is hit. SL-M if a market order to be sent when trigger is hit.

For guaranteed execution, always use SL-M. To know more on stoploss, click here.

Placing an order

Either click on Buy/Sell or hit enter on the keyboard to place an order.

Order placed notification in a green box.

Order confirmation/rejection in the notification box.

Order book

Shortcut key – O

Use the orderbook to track all open, completed, and rejected orders. Edit or cancel pending orders with mouse over as shown below.

Select the options menu and click on Info to know the order details including reasons for any rejected orders.

Click here to know what the rejection reasons mean.

Use smart search option to quickly filter orders

Advanced order types

Click on “more options” for selecting advance order types

Regular orders with time validity

  1. Day orders for orders to be valid till end of day (selected by default)
  2. IOC (Immediate or cancel) for orders to be cancelled if not filled completely immediately.

Bracket orders

Intraday limit orders (NSE, NSE F&O) with a target and stoploss and an optional trailing SL all placed simultaneously. Target, Stoploss, and Trailing SL all activated only once the original limit order executed.

SL automatically cancelled if target is met and target automatically cancelled if SL is hit. Trailing SL which is optional trails the stoploss price or moves the SL price everytime the scrip moves in a favorable direction by the trailing stoploss value mentioned.

For example, below order to buy Nifty at 8121with a 10 point SL (or 8111) and a 10 point target (or 8131). Trailing SL of 1 point, which means if Nifty goes up by 1 point to 8122, SL automatically changes from 8111 to 8112.

Bracket orders provide higher leverage because of predetermined stoploss. To know more on bracket orders, click here. Visit our bracket order margin calculator.

Bracket order with trigger entry

Enter a bracket order position using a trigger by changing the BO order type to SL. In the above example, Infy would be bought at 915 (the current market price is 912.95). This means the order would remain open until the stock reaches 915, and then execute on that trigger. This can be used to place buy bracket orders above current market price or sell bracket orders below current market price.

  • To modify or cancel a pending bracket order, visit the order book and edit the order.
  • To exit an executed bracket order, click on either the pending SL or Target order in the orderbook and click exit.
  • Bracket orders (BO) valid only for intraday, all open BO positions automatically squared off normally 10 minutes before market close.
  • Bracket orders can’t be converted to NRML or CNC. Exit the bracket orders and take fresh positions using NRML or CNC to carry forward positions.

Cover orders

Intraday market orders (NSE, NSE F&O, Currency, and MCX) with a predetermined stoploss order. Similar to bracket orders, higher leverage due to fixed stoploss and all positions auto-squared off before market close. Click here to know more on Cover orders, and here for cover order margin calculator.

Cover order with limit entry

Enter a cover order position using a limit price by changing the CO order type to Limit. In the above example, Infy would be bought at 911 (the current market price is 912.95). This means the order would remain open until the stock reaches 911, and then execute (just like a limit order) to initiate the position. The trigger price, which defines your SL, is set at Rs. 908, so the stoploss would be placed as soon as the entry order is placed at Rs. 911.

AMO (After market orders)

Place orders for the next trading day the previous day itself. AMO orders can be placed only during the following time duration –

Equity - 3:45 PM to 8:59 AM

Currency - 3:45 PM to 8:59 AM

F&O - 3:45 PM to 9:10 AM

MCX - Anytime during the day, if placed during the market hours the order will go through the next day.

Click here to know more. Only CNC/NRML/MIS orders allowed as AMO.

Exit multiple positions

To exit multiple open orders/positions just select them and click on exit positions. You can make use of the search to filter orders position based on instrument, order type, product etc.

Market timings

Equity

  • 9 am to 9.15 am – Pre market
  • 9.15 am to 3.30 pm – Normal trading
  • 3.40 pm to 4.00 pm – Post market

To know more on Pre and Post market session click here.

Currency

  • 9 am to 5 pm – Normal trading

Commodity

  • 9 am to 11.30 pm – during day light savings time - March to November
  • 9 am to 11.55 pm – November to March

Trading holiday calendar for 2019