Zerodha Kite Bracket Order – The Complete Know How

Bracket Order

Many traders are now aware about Zerodha Kite bracket order. What is a bracket order (BO)? A bracket order is a special type of order where a trader can put target and stop loss in the same order. The advantage of bracket order is that here the mental attachment is very less for a trader. Simply put the target and stop loss in the same order and leave the terminal. One way OR the other the market will move. Either it will hit the target OR it will hit the stop loss. If the target gets hit the stop loss order will be cancelled automatically and if the stop loss gets hit the target order will be cancelled automatically.

How to put Zerodha Kite bracket order?
1) Open Kite by typing kite.zerodha.com in your web browser or open the kite app in your mobile.
2) Login with your client id and password.
3) Select your marketwatch.
4) Select the scrip you want to trade.
5) Put mouse on the scrip and the BUY / SELL option will be visible as shown in the image below:
Zerodha Kite Orders
6) Select BUY if you want to buy the scrip and it will open up the BUY order window.
7) Click on more options and you can see 4 options – Regular, BO, CO, AMO.
8) Click BO and you are on the BUY bracket order screen.
9) Put quantity, price on the first line and stop loss (in points in multiple of 1) and target (in points in multiple of 1) and click on buy. It will create the BUY order and send it to the exchange.
10) Optionally you can put and trailing stop loss (in points in multiple of 1).
Zerodha Kite Bracket Order
Fow a sell bracket order you need to choose SELL in the point number 6 in the list above. Remember for a BUY bracket order the target price should be higher than the market price and the stop loss should be lower than the market price AND for a SELL bracket order the target price should be lower than the market price and the stop loss should be higher than the market price.

Margin and Zerodha Kite bracket order
Bracket order can give you much higher leverage. Leverage can go upto 1:20 in equity and 1:55 in FNO. This is an added advantage of bracket orders.

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Indrajit Mukherjee

Indrajit is a professional blogger and Trading System developer, Amibroker expert, WordPress expert, SEO expert and Stock market analyst. He is studying the stock market since 1995 and is an active trader since 2000. He started the journey of StockManiacs.net on 2008. He follows Indian and world markets as well as the forex market closely.

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10 Responses to Zerodha Kite Bracket Order – The Complete Know How

  1. jayesh says:

    Does in Zerodha Braccket order available for Commodity?
    If no,Why ???

  2. Rudy says:

    Is there an order where i can enter(buy or sell)only when a price hits? Because Bracket and Cover orders take the current market price for entry..

  3. VINAY says:

    How to use bracket order for selling equities in Zerodha?

  4. Aatif Shaikh says:

    How do i edit or cancel a BO in Kite before it hits the stopploss ?

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