With more than 4 million clients, Zerodha is the largest and most successful brokerage in India and accounts for +15% of daily retail trading volumes on Indian stock exchanges.
Although competing with major companies like ICICI and HDFC is challenging, Zerodha has maintained its position as the nation’s top bargain broker.
Trading stocks and other financial instruments during the same day is known as intraday trading in the stock market.
This indicates that in intraday trading, all positions are closed out prior to the market’s close.
We will learn how to use Zerodha intraday trading in this article, along with the costs, timing, and best practices. Let’s get going.
Process of Zerodha Intraday Trading
You need to have both a trading and Demat account with Zerodha in order to begin intraday trading on the platform. You can rapidly and cost-free create an account if you don’t already have one.
Two methods exist for using Zerodha intraday trading:
1. Online Mode
Through its web-based trading platform and trading terminal, Zerodha Kite, users of Zerodha can conduct intraday trading. For trading purposes, you can also use the Zerodha Pi or Zerodha Kite mobile apps.
You must first click on the share you wish to trade in order to purchase or sell it, and then you must select the intraday trading option on the screen.
2. Offline Mode
The traditional method of intraday trading is also an option. You must call the Zerodha call & trade desk from your registered mobile number with them in order to do offline Zerodha intraday trading.
Using their telephone code, formerly known as the Zerodha ZPin, one can request something or make a trade.
Also: Cash App Hack Apk Download Link for Android 2022!
Zerodha Intraday Order Types
We need first to study the fundamentals of several types of commands before continuing.
- Margin Intraday Square Off is referred to as MIS. It is utilized for leveraged intraday trading. At the conclusion of the workday, all MIS positions are automatically squared off.
- CNC: Its initials stand for cash and carry. Delivery-based equity employs CNC. CNC does not offer any leverage. At the conclusion of the session, there is also no automatic square-off, though.
- Market order (Market): You must submit a market order if you want to purchase or sell a share at the current market price.
- Limit order (Limit): To purchase or sell a share at a limited price is to place a limit order. Place a limit order if you wish to purchase or sell a share at a specific price.
- Use the Stop Loss (SL) symbol to set a stop loss at the limit price. Here, you must provide a trigger price as well as a limit price. The stop-loss order is sent to the exchange at a limit order that you specify when the trigger price is achieved.
- Use the stop loss market (SL-M) to set a stop loss at the current price. Simply indicate the trigger price in this case. The stop-loss order is transmitted to the exchange at market price when the trigger price is achieved.
- Number disclosed: This enables traders to only reveal a portion of the whole quantity of the equities they really purchased or sold. More than 10% of the order quantity should be included in this stated quantity.
- Aftermarket orders is abbreviated as AMO. When you are unable to buy or sell during the trading period, you can utilize this feature to place an order. Orders can be placed from 4:00 PM to 8:00 AM, or from the post-closing session to the pre-opening session.
- Bracket Order (BO): For larger leverages, bracket order is utilized (than that of MIS). With a target price and a required stop loss, you execute an intraday buy or sell at a limit order in this scenario. Before the day is over, all the orders are settled.
- Cover Order (CO): For high leverage, intraday buy or sell orders, cover orders are employed (that trading using MIS). Just the stop loss needs to be specified here. Before the day is over, all the orders will be settled.
Zerodha Intraday Trading Charges
Below are the charges levied in the Zerodha intraday trading –
| Particulars | Charges |
| Brokerage | 0.03% or ₹20/executed order whichever is lower |
| STT/CTT | 0.025% on the sell-side |
| Transaction Charges | NSE: 0.00325% BSE: 0.003% |
| GST | 18% on (Brokerage + transaction charges) |
| SEBI Charge | ₹5/Crore |
| Stamp Charges | 0.003% or ₹300/crore on buy-side |
Timing for Zerodha Intraday Trading
Zerodha allows intraday trading at any moment throughout the market’s opening hours. While closing your position, you must use a little caution. Some intraday trading strategies from Zerodha will help you earn more money.
Around 3:20 pm, an open intraday MIS, BO, or CO position that has not been closed out before the market closes automatically settles. If for any reason the intraday trading position is not closed out before market close, the position is converted to a CNC position.
To learn more about the trading process, you should watch the Zerodha trading demo.
Also: The Kyber Network (knc): What Is It and How Does It Operate?
Guidelines for Zerodha Intraday Trading
In all honesty, there isn’t a particular formula you can use to capitalize on intraday trading on Zerodha. To execute the transaction, you can, however, resort to some tried-and-true intraday trading advice:
- Conduct a thorough technical examination of the equities for the industries or stocks you are analyzing. You can make wise trading decisions with the aid of a number of technical indicators, charts, heat maps, screeners, and other related tools.
- When Placing an Order Online, All You Have to Do Is Select a Specific Scrip.
- If possible, you should set a stop-loss price to limit your losses if the trade moves against your opportunities and in the opposite direction.
- Using a trailing stop-loss order to increase earnings is quite rational.
- Use margin to the extent that matches your risk tolerance. This is due to the fact that employing margin has two disadvantages.
Fa Qs for Zerodha Intraday Trading
Can You Trade Intraday on Zerodha?
Trading Zerodha intraday is generally safe. They have more than 4 million clients, making them India’s largest and best brokerage.
How Can I Use Intraday Trading on Zerodha?
One can conduct intraday trade via their trading platforms, and the other is to use the Zerodha call & trade number.
Is Intraday in Zerodha Free?
No, for each trade you make, the brokerage fee is 0.03 percent, or Rs. 20, whichever is less.
Does Zerodha Offer Trading Advice for Intraday?
You can apply the aforementioned advice because it has been tried and true by numerous traders and advisors while trading on Zerodha.
Final Thoughts
You can actually get the most out of your intraday trading activity with Zerodha Intraday Trading offerings and possibilities. The inclusion of brokerage and margin calculators has greatly simplified and improved the efficiency of Zerodha intraday trading.
We hoped that we could assist you in learning “How to Do Zerodha Intraday Trading.” Your intraday trading experience with Zerodha can be shared in the comment area. Read the in-depth assessment of Zerodha to learn more about the company. Cheers to trading!