How to Trade Intraday Stocks in Zerodha Kite App?
Are you new to intraday trading and want to learn how to buy intraday shares using the Zerodha Kite App? You’re in the right place! Zerodha’s Kite App makes it super easy for beginners to place intraday buy and sell orders with just a few taps.
In this step-by-step guide, we’ll walk you through how to buy intraday shares in the Zerodha Kite mobile app, including important tips and common mistakes to avoid.
✅ Intraday Trading
Intraday trading involves buying and selling stocks on the same day before the market closes. It’s ideal for traders who want to profit from short-term price movements.
In Zerodha, intraday trading is done using the MIS (Margin Intraday Square-off) order type, which allows you to take trades with higher leverage.
📲 Steps to Buy Intraday Shares in Zerodha Kite App
Follow these simple steps to place an intraday buy order using the Zerodha Kite App:
🔹 Step 1: Open Zerodha Kite App
- Download and install the Kite by Zerodha app from the Play Store or App Store.
- Login using your User ID, Password, and 2FA PIN.
🔹 Step 2: Search for the Stock
- On the Dashboard, tap the search bar.
- Type the stock name or symbol (e.g., TCS, INFY).
- Tap the correct stock under NSE or BSE depending on your preference.
🔹 Step 3: Tap on “Buy”
- After selecting the stock, tap the Buy button.
🔹 Step 4: Choose Intraday (MIS)
- In the Order Window, choose Product Type as MIS (for intraday).
- If you select CNC, it will be treated as a delivery order. Make sure to choose MIS for intraday.
🔹 Step 5: Enter Quantity and Price
- Quantity: Enter the number of shares you want to buy.
- Price Type:
- Choose Market if you want to buy at the current market price.
- Choose Limit if you want to set a custom price.
🔹 Step 6: Review and Swipe to Buy
- Double-check all the details: stock name, quantity, MIS type, and price.
- Swipe to Place Order.
- Once your order is executed, you’ll see it under the Orders tab.
📌 Important Tips Before Buying Intraday Shares
- ✅ Always choose MIS for intraday trades.
- ⏰ Square off your position before 3:15 PM to avoid auto square-off charges.
- ⚠️ Set a Stop-Loss to reduce risk.
- 📈 Use charts and technical indicators before entering a trade.
❌ Common Mistakes to Avoid
- Selecting CNC instead of MIS.
- Forgetting to exit before the market closes.
- Trading without a plan or stop-loss.
- Ignoring market trends and news.
🔄 How to Exit Intraday Trade in Zerodha?
To square off your intraday position:
- Go to Positions tab.
- Tap the stock you want to exit.
- Tap on Exit and confirm.
Done! Your intraday position will be closed.
💡 Final Words
Buying intraday shares in Zerodha Kite App is easy once you understand the basics. Always remember to select the MIS option, monitor your trade, and square off before the market closes. With proper risk management and technical analysis, intraday trading can be rewarding.
🔍 FAQs
What happens if I don’t square off my intraday trade?
Zerodha will automatically square it off around 3:20 PM, and you may be charged a penalty.
Can I convert my intraday trade to delivery in Zerodha?
Yes, you can convert an MIS order to CNC if you have enough margin and if the broker allows.
Is there any brokerage on intraday trades in Zerodha?
Yes. Zerodha charges ₹20 or 0.03% per executed order, whichever is lower.
📥 Ready to Start Intraday Trading?
Open your Zerodha Demat account for FREE and start trading today!
