Normally When a market player wants to make a transaction, he might choose one of the following:
- Using Trading Software e.g. Pi
- By the method of call & trade e.g. Just call the stockbroker and trade in the market
- By the using of web and mobile applications e..g. Zerodha Kite, Upstox, Groww e.t.c.
Understand the trading by using the trading software like Pi
PI is like a laptop and desktop software that access the all control of market. In this method you have to purchase or download free softwares(Zerodha PI) then you can trade in the market.
What is Zerodha PI?
Users of laptops and desktop computers can trade using this installable trading application. By a single platform, it allows for trading in a variety of markets, including equities, foreign exchange, commodities, and derivatives. Customers of Zerodha can access the site for free and take advantage of its good features, including advanced charting, algorithm, strategies, and backtesting.
How can we use Zerodha PI Software?
For zerodha pi software you have to being an active client with zerodha is required in order to have Pi enabled on your trading account. Customers who have executed at least 30 trades in the previous six months, at least 20 trades in the previous three months, or at least 10 trades in the previous month are considered active clients. Active clients must also have at least Rs 10,000 in their trading account. so they can use or enable Zerodha PI.
How to use call and trade method in Zerodha.
For using this feature you be an active client of zerodha and To place an order, dial 080 4718 1888, select the appropriate IVR option, then enter the Support code and follow the on-screen directions. The charges for every new order, modification or cancellation request is ₹50 + 18% GST. Call and trade hours for stocks are from 9:00 AM to 3:30 PM, while they are from 9:00 AM to 11.30 PM (March through November) and until 11.55 PM for commodities (Nov to March).
Trade in Zerodha by using Its web and mobile application Kite
Lets take an example( 1 share of SBI ) of any equity for trade in zerodha by using its web and mobile application Kite.
1. Login Process
At the first you have to open or launch application then in front of you opened a screen that is login screen. This screen is too much sensitive screen. it stores your trading account information. You have to login with your account information. Check the image how its look likes.
2. Market Watch & Buying share/stocks
When you login after that you got screen of market watch. There you can search and check any stocks for purchasing them. When after searching and checking done after that load that share in your market watch. Then you can purchase that share in appropriate way. When you purchasing any share /stocks you have two options longterm and Intraday. If you want to purchase it for 2 or 3 years choose longterm and if you want to purchase it for one day only so, choose intraday and enter the quantity and make the payment.
Zerodha Intraday Orders
There are many types of Zerodha intraday orders after choosing intraday that options is shown.
- MIS( Margin Intraday Square Off)
- CNC(Cash and Carry)
- Market Order
- Limit Order
- Disclosed Quantity
- AMO(After Mark
- Stop Loss Order
- Stop Loss Market Order
- Bracket Order
- Cover Order
What is MIS(Margin Intraday Square Off) Order
MIS is used for trading in intraday equity, Intraday F&O, Intraday Commodities. It is used to get intraday leverage. By the method of risk and fluctuation of stocks we can get 3 to 14 times leverage.
Zerodha square off the position automatically If anyone does not square off its places.
|Auto square off timings in Zerodha
|25 minutes before Close
What is CNC(Cash and Carry) Order
CNC order is used for delivery based intraday equity. It means you can hold shares in this trade for one day means overnight. For on day equity delivers in your demat account. In this you didn't get any leverage and not your position get auto Square off.
If you use CNC option for purchasing shares and you sell that on same day then it will considered as intraday trading and all the charges are levied as it.
What is Market Order?
When any person purchase or sell any company's equity at current market price then you have to place order as market order.
What is Limit Order?
If you want to purchase or sell any equity or share of company at a specific price even more lower or higher. Then Intraday players placed a limit order at given price.
What is Disclosed Quantity?
Its is a feature that is used to disclosed the quantity while placing the equity orders. It will disclosed only some part of all orders to the market that can be shown in market depth. This feature is mostly used while placing a large order. It help reducing impact cost and get a better execution.
What is AMO(After Market Order)?
AMO(After Market Order) look likes its name means by this method you can place order while stock exchanges is closed. means if you can't purchase stocks in market time( 9:15 am to 3:30 pm ) then you can purchase share after that timing( 3:45 PM to 8:57 AM for NSE and 3:45 PM to 8:59 AM for BSE) except cover order and stop loss market order.
What is Stop Loss Order?
Stop Loss order is placed for stop loss at a specific price. It means When you set stop loss as limit order then when trigger the given price after that the exchange receives the stop-loss order at the limit order that you specify.
What is Stop Loss Market(SL-M) Order?
Stop Loss order is placed for stop loss at market price. It means When you set stop loss as market price then when trigger the given price after that the stop-loss order at the market price received by the stock exchange .
What is Bracket Order?
Bracket order is used for getting more or higher leverage than MIS. Means you have to place order for buying or sell as the limit order at specific price and a mandatory stop loss. It is a intraday trade order so, it's auto square off time is 3:20 PM.
What is Cover Order?
In cover order you just need to set stop loss while you place intraday purchase and sell as market order. It is also use for getting more or higher leverage(6-20 times) than MIS. It is also a intraday trade so, it's auto square off time is 3:20 PM.
Trading from charts on KiteTrading from charts on Kite
Zerodha Trading Margin
Zerodha trading margin means Zerodha charge small amount of money for to do intraday or any type of trading. For this zerodha also give margin calculator that gives us complete information of margin details during future trading.
|Up to 20X
|Up to 1X
|Up to 2.5X
|Up to 2.5X
|Up to 20X
|Up to 2.5X
Zerodha Intraday Trading Charges
Here, Below the Zerodha indtraday charges that charges charged by zerodha for intraday trading. For know more about zerodha calculator go on its website.
|0.03% or Rs. 20/executed order whichever is lower
|0.025% on the sell side
|NSE: 0.00345%, BSE: 0.00345%
|18% on (brokerage + transaction charges)
|₹10 / crore
|0.003% or ₹300 / crore on buy side
Zerodha Intraday Trading Timings
In zerodha you can buy and sell stock during the same day in market timings. But you need to know a little information about this. If you open an open intraday MIS/Bracket Order/Cover Order position has not been squared off then its gets auto square off at 3:20PM.
|Equity Trading Timing
|9:15 AM to 3:30 PM
|Currency Trading Timing
|9:00 AM to 5:00 PM
|Commodity Trading Timing
|9:00 AM to 11:30 PM - March to November
|9:00 AM to 11:55 PM - November to March
Hopefully we are able to help you better how to do intraday trading in zerodha. If you like this article so, please let us know in comment about whats your experience to do intraday trading in zerodha.