Zerodha Intraday Trading: Zerodha is the biggest and the top stockbroker in Indian with over 4 million clients that make up the +15% of daily retail trading volumes on Indian stock exchanges.
Intraday trading is a position in the share market and refers to buying & selling of stocks and other financial elements within the same day.This mean in intraday trading all the positions are settled before the closing of the market.
In this article we will learn how to do Zerodha intraday trading, what are the charges, timing, tips to get full insights into it. Let’s get started.
Zerodha Intraday Trading Process
For starting Zerodha intraday trading you should have a demat and a trading account with Zerodha. If you don’t have an account yet, you can open it quickly for free.
There are 2 ways to do Zerodha intraday trading –
1. Online Mode
Zerodha intraday trading can be done through their trading terminal Zerodha Kite, which is a web based trading platform. You can also use Zerodha Pi or mobile app of Zerodha Kite for your trading purpose.
For buying or selling purpose, you will need to click on the share you want to trade and then you will option on the screen for intraday trading.
2. Offline Mode
There is an option of doing intraday trading in the old fashion as well. For offline Zerodha intraday trading, you need to call at the Zerodha call & trade desk from your registered mobile number with them.
One can make a request and place the trade using their telephone code which was used to known as Zerodha ZPin.
Types of Zerodha Intraday Orders
Now before moving ahead, we should learn about the basics of some types of orders.
- MIS: MIS stands for Margin Intraday square off. It is used for Intraday trading with leverage. All MIS position is auto squared off at the end of the day session.
- CNC: It stands for Cash n carry. CNC is used in delivery-based equity. There is no leverage provided in CNC. However, there is also no auto square off at the end of the session.
- Market order (Market): When you want to buy/sell a share at the current market price, then you need to place a market order.
- Limit order (Limit): A limit order means to buy/sell a share at a limit price. If you want to buy/sell a share at a given price, then you place a limit order.
- Stop Loss (SL): This is used to place a stop loss at the limit price. Here you need to specify a Limit price and a trigger price. When the trigger price is reached, then the stop-loss order is sent to the exchange at a limit order mentioned by you.
- Stop loss market (SL-M): This is used to place a stop loss at market price. Here you just have to specify the trigger price. When the trigger price is reached, then the stop-loss order is sent to the exchange at market price.
- Disclosed quantity: This allows traders to disclose only a part of the actual quantity of the stocks that they bought or sold. This disclosed quantity should be more than 10% of the order quantity.
- AMO: It stands for aftermarket orders. You can use this facility to place an order when you can’t buy/sell during the trading time. You can place your order between 4:00 PM to 08:59 AM i.e. after the post-closing session and before the pre-opening session.
- Bracket Order (BO): Bracket order is used for higher leverages (than that of MIS). Here, you place an Intraday buy or sell at limit order with a target price and a compulsory stop loss. All the orders are squared off before the end of the day.
- Cover Order (CO): Cover order is used for placing intraday buy or sell at the market order for high leverage (that trading using MIS). Here you just have to specify the stop loss. All the orders will be squared off before the end of the day.
Zerodha Intraday Trading Charges
Below are the charges levied in the Zerodha intraday trading –
|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)|
|Stamp Charges||0.003% or ₹300/crore on buy-side|
Zerodha Intraday Calculator
You can use the Zerodha intraday brokerage calculator to see the full breakdown of charges for your trade order.
Zerodha Intraday Trading Timing
One can perform intraday trading with Zerodha at any time during the market opening hours. However, you need to be a little cautious while closing your position. You can use some Zerodha intraday trading tips to increase your profit.
If an open intraday MIS / BO / CO position has not been squared off before the closing of the market, it gets automatically settled roughly 3:20 pm. If due to any reason, the intraday trading position has not been settled till the closing of the market, the position gets transformed into CNC position.
You should watch the Zerodha trading demo to get more insights of the trading process.
Zerodha Trading Margin
Trading in futures is utilized which refers that only a small amount of money known as “margin” should be there in the account to make an intraday future.
|Intraday Equity||Up to 20X|
|Equity Delivery||Up to 1X|
|Equity Futures||Up to 2.5X|
|Equity Options||Up to 2.5X|
|Currency Futures||Up to 20X|
|Currency Options||Up to 2.5X|
You can use Zerodha margin calculator to see the comprehensive details of margin.
How to do Zerodha Intraday Trading: Tips
Honestly, there is no set pattern you can refer to in order to generate profits out of Zerodha intraday trading. However, you can refer to some proven intraday trading tips while executing the trade –
- Perform a detailed technical inspection of stocks for the sectors or stocks you are evaluating. There are several technical indicators, charts, heat maps, screeners, and other associated tools that can help you to make sound trading decisions.
- In the case of online order placement mode, then you just need to choose a particular scrip.
- Ideally, you should place a stop-loss price in order to limit your losses if the trade goes in the opposite direction against your opportunities.
- It is totally logical to use a trailing stop-loss order in order to make higher profits.
- Use margin to the level that is based on your risk appetite. This is because using margin is a double-edged sword.
Zerodha Intraday Trading FAQs
Is Zerodha good for intraday trading?
Zerodha intraday is pretty safe to trade. They are the biggest and the top stockbroker in Indian with over 4 million clients.
How can I use Zerodha for intraday trading?
There are 2 ways of performing intraday trade – one via their trading platforms and other by calling to the Zerodha call & trade number.
Is intraday free in Zerodha?
No, the charge for the brokerage is 0.03% or Rs.20 whichever is lower for every trade that you perform.
Do Zerodha provides tips for intraday trading?
The above mentioned tips are tried and tested by many traders & advisors, so you can use them while trading on Zerodha.
With Zerodha Intraday Trading offers and options, you can actually make the most out of your intraday trading activity. Zerodha intraday trading has become a lot simple and effective with the presence of brokerage and margin calculators.
Hopefully, we were able to help you to find the answer to ‘How to do Zerodha Intraday Trading’. You can let us know in the comment section about your intraday trading experience with Zerodha. Read the detailed review of Zerodha and know about them more. Happy trading!