Bracket Orders & Trailing Stoploss (SL) Z-Connect by Zerodha

0% brokerage on zerodha.
com
Sitemap
Signup
Login
Categories
Balance App
Charting, Coding and Backtesting
algoZ Code your Strategy Tutorial
algoZ Introduction and example
algoZ User Manuals
Zerodha i3
Zerodha-Amibroker Plugin
Featured
Popular
Queries
Commodity Queries
Currency Queries
General Queries & Updates
Stock and F&O Queries
Option Greeks
Traders Zone
Holidays
Review Books
Taxation for Traders
Trading Psychology
Trading @ Zerodha
Funds and Margins
Kite
Mutual Funds
Pi
Pi Bridge
Q Reporting & Analytics
Quant
smallcase
Z5- html5 mobile/Web Platform
Zerodha Mobile
Zerodha Trader Charting
Zerodha Trader- Software Version
Trending
Zerodha 60 Day Challenge
The Challenge
Winners 60 day challenge
Zerodha?
Open an Account
Updates-Latest at Zerodha
Pi Beta Updates
Why Zerodha?
Zerodha Associate Program
Zerodha in News Headlines
Zerodha in News Quotes
Bracket Orders & Trailing Stoploss (SL)

2,181 comments
April 9, 2014
Category: Popular, Zerodha Trader- Software Version
Traders,
We have introduced newer platforms since this post was published. Check out this user manual for Kite and Kite explainer videos here.
Get the power of much higher leverage, with increased protection, and also ensuring that no profitable position turns into a loss! We are the first brokerage in the country to be launching Bracket Orders for
retail with an option of Trailing Stop Loss, for both Equity and F&O (BO is presently available for NSE, NFO, and CDS. Other exchanges will be available later).
Bracket Order
A type of order where you can enter a new position along with a target/exit and a stoploss order. As soon as the main order is executed the system will place two more orders (profit
taking and stoploss). When one of the two orders (profit taking or stoploss) gets executed, the other order will get cancelled automatically.
Trailing Stoploss
When you place a bracket order, you get an option to either place a fixed stoploss order, or also an ability to trail your stoploss. What this would mean is that if the contract/stock
moves in your direction by a particular number of ticks, the stoploss will go up/down based on if you are long or short automatically.
A tick is the minimum a particular stock/contract can move. So 1 tick on Nifty is 0.05
Important things to know
This is an Intraday product, so all Bracket order (BO) positions will be squared off around 3.20pm. You cannot carry forward bracket order positions to the next day.
Enabled across Equity, Futures & Options and Currency. Bracket order is not allowed for Commodities.
Placing an Order
Buy Bracket Order Entry : Shift + F3
Sell Bracket Order Entry: Shift + F4
Or right click on the scrip to choose Bracket Order Entry

Bracket Order Entry
Flow: Order Placement & Execution
Step 1: Place a limit order to buy/sell to enter a position, note that there is only limit order, and if you intend to buy/sell at market, place an order with higher/lower limit price
respectively.
Step 2: Place a Target/Square off by choosing either Ticks or Absolute
Ticks, 1 Tick = 0.05 for Nifty, so 20 ticks means 1 point on Nifty, 200 ticks is 10 points on Nifty
Absolute, If you click on this option, you mention your target based on how many absolute points, 1 point = 20 ticks, so if you mention 10, it will mean 10 points profit on Nifty,
and similarly if you mention 20 it will mean 20 points profit.
Step 3: Place a fixed stoploss order by choosing either Ticks or Absolute as explained above. So if you want a 10 point stop mention 200 ticks or 10 if you click on absolute.
Step 4: Instead of having a fixed stoploss, if you want the stop loss to trail, that is automatically go up/down when the contract moves in your direction, click on trailing SL and
along with the SL mention trailing ticks. Trailing ticks will be the movement of the contract/stock for which the SL will change.
Let me explain this with an example, Nifty is at 6807, I decide to short expecting some retracement, my target is 400 ticks (20 points 6787) and stop loss is 200 ticks (10 points
6817).
If I placed a fixed stoploss and if Nifty goes to 6790 and comes back up, the stop at 6817 will stay, and even though I might have seen profit on this trade, might end up making a
loss if Nifty hits my stop.
If I choose Trailing Stoploss of 200 ticks (10 points) and select Trailing ticks as 40 (2 points). What this would mean is that when Nifty moves from 6807 to 6805 (2 points movement
in your direction), automatically the stop will go from 6817 to 6815, similarly if Nifty goes from 6807 to 6804, the stop loss would stay at 6815 because the movement is only 3
points. If the movement was 4 points, it would move to 6813. So if I had used a trailing SL, when markets went to 6790 my SL would now have been 6800 which would get
executed on the way up and conserving my profits.
See the image below, you can also click on absolute in the order window instead of ticks, so the same example as above if you have clicked on absolute, target would be 20 and SL
10 with trailing 2. So 20 points below your selling is the target, SL of 10 points of your selling price, and for every 2 point movement of Nifty in your favor, the SL will trail.
Order Placement BO using Ticks
An example below on using BO with the absolute option, shorting at 6842:
Order Placement BO Using absolute

Order Book
Modifying & Exiting a Bracket Order
You can modify the target and SL by clicking on modify button on the order book (F3).
You can exit open bracket order positions by either clicking on Target or SL and clicking Exit or modifying either Target or SL to market price.
Minimum Trailing SL for your Target
Equity F&O Currency
Absolute : 1 or Ticks 20 Absolute : 1 or Ticks 20 Absolute : 0.0500 or Ticks 20
Margin Requirement
Bracket Order positions get additional leverage since the risk is covered by the compulsory Stoploss that you place while entering a position. The margin required would be based on
the quantum of your SL, and in the range of 1.5% to 2.5% of the entire contract value.
Let me explain, in the above example if I shorted Nifty at 6800 that would mean a contract value of Rs 3,40,000 ( 6800 x 50).
Margin requirement would vary from (1.5% to 2.5% of Rs 3.4lks), which is Rs 5100 to Rs 8500 based on your stoploss. As long as your stoploss is less than 102 points (Rs 5100),
margin required would be Rs 5100, if your stop loss is 150 points the margin required will be Rs 7500 (150 x 50), and if your stop loss is anything more than 170 points the margin
required would not increase above Rs 8500.
Check out the Margin Calculator for Bracket/Cover orders.
Latest update: 16th July 2014: Bracket order facility is currently available only for Nifty and Bank Nifty options only. Also we are allowing intraday leverage for option buying as
well. 140% for Nifty and Bank nifty options, so to buy an option at Rs 100, you will need only Rs 70 in your account.
*Also note that if the entry order is executed in multiple trades, SL and target orders will be placed separately for each trade and billed per executed order.
*Bracket orders shouldnt be used in pre-market open, between 9 am to 9.15 am
*Bracket orders cannot be placed/modified by the dealers at Zerodha.
Bracket orders until now has been privy to institutions, and it might take a little time getting used to. Id advise you all to take it easy until you are all comfortable with it. At Rs 5000
per lot on Nifty for a contract value of Rs 3.4lks, that is a whopping leverage of almost 70 times, use it sparingly and wisely. Also do place a few practice orders with small quantities
to get a hang of how they work.
If you are interested to start using Brackets & Trailing SL, download the latest version of ZT and send an email to terminals@zerodha.com asking to be enabled.
Happy Trading,
Nithin Kamath
Founder & CEO @ Zerodha, team working towards breaking all barriers that I personally faced as a retail trader for over a decade. Love playing poker, basketball, and guitar. Getting
body fat % in single digit is the next personal endeavor :) .
2,181 comments
1. SS.Chauhan says:
April 9, 2014 at 8:41 pm
Does Same apply for option writing
Reply
Nithin Kamath says:

April 10, 2014 at 10:55 am
For now, only Nifty/Bank Nifty futures, very soon everything else.
Reply
thaju71 says:
April 13, 2014 at 6:09 pm
Is trailing Stop loss available in mobile trading platform?
Reply
Nithin Kamath says:

April 13, 2014 at 10:58 pm
No
Reply
mahesh inani says:

August 5, 2014 at 11:14 am
hey nitin firstly thanks a tonfor working in favour of day traders . please enable the facility of placing bracket orders through call n trade atleast if not web
Regards,
Mahesh inani
Reply
SATYAJIT BEHERA says:

August 30, 2014 at 4:02 pm
I want to buy a FnO script with limit order using BO AND CO can i do this ,such as i want to buy TATAMTRDVR 25-SEP-14 lot (2000)@374.65 but that time market ltp
is 374, (The sl is 373 and target is 375.10 if trade is execute).
Please answer me , Thank You Nitin
Reply
Nithin Kamath says:

August 31, 2014 at 8:35 am
Satya, for now you cannot enter trades using trigger on bracket order. That means you are allowed only limit/market orders while entering, and hence you
cannot buy at 374.65 when market price is 374.
Reply
SATYAJIT BEHERA says:

September 6, 2014 at 4:37 pm
Is it possible call and trade with BO if yes How, If no When this service will available.
Reply
Nithin Kamath says:

No call n trade for now. Will take a bit to get it live.
Reply
says:
September 16, 2014 at 10:10 am
I am a full time intra-day trader, I am facing so many problem bcoz ,if I want to trade a particular script with Stoplosss and Target with limit Trigger price in
same order, such as if i use MIS first wait execute the order then , I can Put stoploss order and Target Order., Please Develop ur system Where we can Put a
triggered order with stop-loss and Target both with same trade.
Thank You
Reply
Keshava naik m says:

March 16, 2017 at 4:18 pm
Hi,
This is very easy to place BO. system is very easy you just place the order as per the information. its really easy.
Reply
sandeep das says:

when we will get this feature in bo?any tentative time?
Reply
Nithin Kamath says:

It might take a bit, no dates as such.
Reply
sangram24 says:
May 30, 2015 at 9:50 am
Hi Nitin
Just wanted to check if SL buy / sell order ( with a limit and trigger price ) have they been provided for bracket orders ?
Reply
Nithin Kamath says:

May 30, 2015 at 11:48 am
No, entry using SL for bracket still not allowed.
Reply
aatul4263 says:
July 16, 2015 at 6:58 pm
can we use Bracket order only for 1 LOT in nifty for intrady?
Reply
Nithin Kamath says:

July 16, 2015 at 7:10 pm
Yes you can.

Bala says:
January 10, 2016 at 5:05 pm
Please have a re-look on Target level and TSL direction in the figure : Order Placement BO Using absolute
Reply
Prakash says:
October 4, 2014 at 8:39 pm
Nitin,
Is BO facility available for all FNO scripts?
Reply
Nithin Kamath says:

Yes.
Reply
Kamlesh Uttam says:

Dear Nithin,
Today i used ShareKhans Trade Tiger (Advanced) bracket orders they are allowing bracket orders with trigger price entry. If they can do it they why not
Zerodha? Please look into the possibility ASAP as we are waiting for this since long time.
Regards.
Kamlesh Uttam
Reply
Venu says:
We are in touch with our vendors to provide you this facility. Will keep you posted.
Reply
sunil says:
December 15, 2016 at 12:57 pm
Sir Yet We are waiting Bracket order with Buy Stop loss order (SL-M) other firm do it why zerodha not only for this reason i use other
brokrage firm with high brokerage rate.
Reply
Kamlesh Uttam says:

January 12, 2017 at 11:29 am
Dear Venu,
When will this facility of BO with Trigger Price entry be available to us?
Please update.
Regards,
Kamlesh Uttam
Reply
Nithin Kamath says:

No timelines yet.
Reply
Harshit says:
April 27, 2017 at 2:26 pm
Hi Nithin,
Is this implemented? I think this is a must feature for intraday traders. Without this, a trader has to keep looking at the screen for the
Trigger price. Also when a trigger price is hit, till the time trader creates the trade, price can run away.
Thanks.
Reply
Bharath says:
June 17, 2017 at 10:29 pm
Hi,
Is there any possibility to add stop loss orders for Buy and sell in Bracket order. It would be great if you can add that , as an intraday
trader too difficult to keep watching tick by tick.
Thanks
Reply
SATYAJIT says:
January 13, 2015 at 11:13 pm
Hi nitin sir now can I buy bo/co with call and trade .is it available if yes then please give ahemadabad branch call and trade number Thank you
Reply
Nithin Kamath says:

January 13, 2015 at 11:37 pm
BO cant be placed on Call nTrade. Only CO can, phone number on our website contact page.
Reply
Adi says:
June 9, 2015 at 9:24 pm
Trailing stop loss available for web and mobile platforms?
Reply
Nithin Kamath says:

June 9, 2015 at 11:28 pm
No adi, these are algorithms and available only on desktop versions.
Reply
Adi says:
June 10, 2015 at 9:59 pm
Thanks for the reply, What is the other option? I saw most of the features are available only for desktop version. How about mobile? Is there any option to
implement? I work for some company, so dont have an option to install desktop version. Even the mobile application has very limited set of features.
I saw some of the apps in istore those are pretty good.. ET, Moneycontrol, etc. And recently I have purchased stockidle pro it has very nice feature
set..graphs are awesome.
Please consider updating mobile apps and release apps for tablets and ipad.. Now the world is moving towards the mobiles..
Reply
Nithin Kamath says:

June 10, 2015 at 10:07 pm
Yep, the in-house mobile apps are on the way.
Reply
adi says:
June 16, 2015 at 7:58 pm
Thanks for the update

Thats good news, when can we expect for the mobile app release.
Reply
Sanjeev says:
May 26, 2016 at 9:47 am
Dear Adi,
Could not locate anything like stockidle pro??
Reply
Manoj Bagul says:

February 9, 2016 at 8:52 pm
Hi Nithin,
You comment saying these are algorithms and available only on Desktop version got me curious. If I log into PI after market opens and place BO order for
equity. Once order is executed I close(or go offline) the PC/PI and leave for office. I assume that those target and SL orders will be in system. I dont need
to be online with PI. Once target or SL is reached corresponding order will be executed. Right?
Thanks,
Manoj
Reply
Venu says:
Once you place a BO, the SL and the target orders are stored and you neednt be logged in for the execution of the target/SL order.
Reply
DR1502 says:
Thanks Nitin
I having a issue with bracket order seems like the Limit Order (Step 1) is not working, it is executed at market order.
Say, my plan is: Sell Siemens at 1200 (Current Price is say 1230), SL 1200+30= 1230, SqOff = 1200-100=1100 The result of this is an executed order @1230,
SL=1230+30=1260, SqOff = 1230-100=1130
Reply
Venu Madhav says:

Youd choose to place a sell limit order if you wish to sell the stock at a price higher than what its trading at.
If the market price is 1230 and you place a limit order to sell it at 1200, itd sell immediately at 1230. If you want to sell it at 1250 when its trading at 1230,
youd have to place a limit order.
Reply
Rajiv says:
Please provide cover order with market order as limit instead of market. It will save precious little points.
Reply
santosh says:
yes , I am facing the same problem of this at market price in bracket order. Please provide us option to put limit order in bracket Order
Reply
shafiuddin says:
Hi; I am using trade express now, only cover order option is available, how to get enabled the bracket order? Please advise.
Reply
Nithin Kamath says:

You will have to use our desktop trading platform Pi for that. Check this
Reply
Raj says:
October 16, 2015 at 11:31 pm
Need clarification is bracket order is enabled for commodity trading?
Reply
Nithin Kamath says:

No
Reply
GOURAV JAIN says:

November 7, 2015 at 10:22 am
Hi Nitin
Just wanted to check if SL buy / SL sell order ( with a limit and trigger price ) have they been provided for bracket orders ?
Reply
Nithin Kamath says:

No Gourav, not yet.
Reply
Sachin says:
November 7, 2015 at 10:38 pm
It will soon be 2 years that people have been asking for BO that allows entry with SL but it has still not been implemented I prefer to enter
my positions with SL-L but putting in SL & TP separately gets a bit tedious so how much more time before we can expect BO that allow us to
enter into positions with SL-L type of order?
Reply
Nithin Kamath says:

Sachin, entry using SL for BO has not been approved by the exchanges. So cant commit a time.
Reply
Sachin says:
So I guess Ill just have to manage with SL-L until the exchanges get their heads straight. Anyway, thanks for the reply.
By the way, had a cursory look at Flashback, looks like a good addition

nancy says:
hi nithin when will ncdex get started on zerodha long overdue,

Venu Madhav says:
Well be starting soon. Were looking to go live in the next 4-6 weeks.

Shubhanshu says:
Hi Nithin,
When can we expected bracket order in commodity?
Regards,
Shubhanshu
Reply
Nithin Kamath says:

Exchanges havent given approval.
Reply
ranjana says:
You are providing one of the best technical trading platform. can you provide certain clarification on bracket trading :
1. Can we place bulk orders ( lets say 40-50 orders) in the bracket trading. I am told currently we need to place bulk order one by one. Other vendors are providing
bulk upload facility through .xls or .csv files.
2. Can we place these bulk bracket orders prior to the trading hours, lets say at around 8.30am. This facility is currently not available with you. While other service
providers are offering this.
Reply
Nithin Kamath says:

Currently bulk orders for brackets is not possible.
Reply
Sanjay Kumar saini says:

January 28, 2016 at 8:57 am
Dear Nithin sir,
If I place a buy bracket order on pi and the buy process has completed but sale or stop-loss process is pending, if my computer system become out of order, what will
happen with my order. Will it execute or not?
Thanks and regards
Reply
Nithin Kamath says:

January 28, 2016 at 11:37 am
The order is on our server, so it wont depend on your computer.
Reply
MANOJ KUMAR SHARMA says:

May 30, 2016 at 12:57 pm
is BO facility there in Kite also???
If I want a short training on it, will it be provided?
Reply
Nithin Kamath says:

May 30, 2016 at 4:50 pm
Yes available now. We are planning to put up a video soon on this.
Reply
Anand says:
Is bracket order facility available on mobile application.
Reply
RU0889 says:
October 18, 2016 at 11:18 pm
Dear Sir,
first of all thanks a lot to you and your vision.
i am very much happy to use your pi software, as i am working in Forex market in past, i am very much satisfied to use your pi software.
usually i am using bracket order.
Using bracket order we are not able to Cary forward our trade for next day and you no that some time you want to continue for the same order because price is
moving on our direction, as we already place sL and Tp level at the time of order i think their is no risk to continue my order on next day and get more profit on my
trade.
as you and your team is working towards breaking all barriers that you personally faced as a retail trader for your a decade.
please help and break this barriers
Thanking You
Umang Shah
Reply
Nakash says:
March 17, 2017 at 9:59 pm
Hi zerodha,
As mention earlier bracket ( Stop loss & take profit) cannot be forwarded to next day, this is bit disappointing. Please if you can incorporate this activity of carry
forward (SL & TP) it will very helpful.
Is there any alternative. like can i place SL & TP for same trade on daily basis. eg if i buy call option for infosys and speculate that price will go in my direction for
30 points. but today it reach only 20 points positve . so can i place again 10 points tommorow morning.
Reply
Nithin Kamath says:

March 18, 2017 at 1:08 pm
Currently no other way to do this.
Reply
Phanindra says:
April 17, 2017 at 9:32 am
Hi Nitin,
Please share the Kite demo video for applying Stop Loss trailing.
Struggling a lot with the SL. Thanks in advance.

Reply
Venu says:
April 17, 2017 at 9:46 am
https://www.youtube.com/watch?v=2TrYyOHA7P4
Reply
Sudesh says:
May 12, 2017 at 9:08 pm
Could you please let me know if there is a stop loss option for an option that I want to write?
Thanks in advance.
Reply
Akshay.A says:
May 13, 2017 at 11:25 am
Yes, Sudesh. You just have to use a limit selling order. If you want to sell below the current price is when you can use SL-M with a trigger price.
Reply
Akshay.A says:
May 15, 2017 at 1:46 pm
Hi Sudesh, I suggest you go through this blog to know more about Stop loss order.: http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version
/stop-loss-orders-limit-marketThe same logic would apply to Option writing also.
Reply
DR2297 says:
May 1, 2016 at 2:22 pm
Mr.Nitin,
In bracket order 1 tick represents .05 and 20 ticks represents 1 point in Nifty. What is the value of 1 tick in stock futures ? say ICICI Bank. When we mention absolute ,
can we fix trailing stop loss at 0.05 ?
Reply
Nithin Kamath says:

May 1, 2016 at 4:08 pm
1 tick is 0.05 for all contracts. Trailing SL has to be a minimum 1 point or 20 ticks.
Reply
omkar says:
June 25, 2016 at 3:49 pm
Can i place target 0.02 paisa above my trade in case of currency derivative ? In other words i just look for only 0.02 paisa profit above my Buy/Sell Bracket
Order.
Reply
Nithin Kamath says:

June 25, 2016 at 4:56 pm
0.02 paisa means 8 ticks. Minimum has to be atleast 0.05 or 20 ticks.
Reply
DP4150 says:
August 19, 2016 at 1:35 am
I really appreciate you for providing an Advanced trading Platform and Policy in Brokerage.
Reply
Udisha Trivedi says:

March 21, 2017 at 5:39 pm
I have a little confusion in the shorting at 6842 example. If we take the target at absolute value of 10.5 then the order should sell at 6831.5 instead the example suggests
that order would sell at 6841.5 which is just .5 difference in absolute terms! Im clarifying this for having better understanding and usage of bracket orders.
Reply
Nithin Kamath says:

March 21, 2017 at 6:11 pm
Yes it will be 6831.5. Will check the post to see if there is a typo. Can you check this video.
Reply
sandeep says:
May 5, 2017 at 10:47 am
sir , is there any way to put bracket oredrs in options
Reply
Akshay.A says:
May 5, 2017 at 5:35 pm
Sandeep,
Check https://tradingqna.com/t/how-to-place-bracket-orders-on-kite-platform/6140/2
Reply
2. Mrutyunjay S P says:
April 9, 2014 at 9:03 pm
Thats really good move .
Reply
3. priya bajaj says:

April 9, 2014 at 9:03 pm
Super like.. many thanks for enabling bracket orders and trailing stop loss orders on the platform.. have sent the email to terminals@zerodha.com for enabling, hope it gets
activated soon!
Reply
4. Gunjan Chokshi says:

April 9, 2014 at 9:14 pm
Good News for Trader Thanks Zerodha
Reply
5. SS says:
April 9, 2014 at 9:15 pm
Very nice.
1. Is it possible to not enter Target Order. i.e only have a SL order linked. I guess we can put it far away as workaround.
2. Please also allow entering absolute scrip value too. For example, to simply put SL at 6817 rather that having to calculate the tick difference from entry.
3. Can we use BO order for entry using SL order with trigger and limit
Please try to include this in future updates if its not possible now. thanks
Reply
Nithin Kamath says:

April 10, 2014 at 2:43 am
1. Like you said, you can have the target order put far away.
2. There was a small mistake in the way I had put it earlier, so if you use absolute, you can say 10 so automatically SL will be 6817 (10 points above 6807).
3. No, not for now.
Reply
Dhan says:
April 17, 2014 at 11:26 am
Even in your print screen example above, in case of absolute if sold @6842 with SL 10.5 it should be 6831.5 not 6841.5.
Reply
Venu Madhav says:

April 17, 2014 at 11:42 am
Perfect ! Will have it changed.
Reply
DA1969 says:
January 16, 2015 at 12:43 pm
Hey Venu ,
when u will change it..
even i found it wrong and searched someone had already caught it or not..
I also got confused and read that and calculated many times..
Reply
ASRAF UL ISLAM says:

August 5, 2016 at 5:26 pm
1. Can we place a limit order with CO instead of Market.

2. Is BO available now for all scripts in web & app version.
3.How can I place a buy/sell order with predetermined target & SL at one go so that by a single order my entry and exit both will be executed at limit & target
respectively
Reply
Nithin Kamath says:

1. Currently you can do it on Pi, not on kite

2. yes (no MCX)
3. BO is the only option.
Reply
Vikas says:
Hi Nitin,
I am using KITE platform for trading, I have few queries about BO :

1. If LTP=50.5 and I set SL=TSL=1 and then if latter stock price move to 51.5 then the new SL (trigger price) will be 50.5 or 50 ?
2. Cant we enter decimal points for SL, TSL and Target like 1.5, 2.7 etc ?
Best Regards,
Vikas
Reply
Venu says:
1. For every Re.1 movement in your direction, the SL will change by Re.1. So in this case, the SL will move to 50.50
2. You can.
Reply
MA says:
April 17, 2014 at 1:13 am
hi ss what is BO order
Reply
6. Karuna says:
April 9, 2014 at 9:16 pm
i wish you offered bracket for swing traders also.. would have made more sense.
Reply
7. Karuna says:
April 9, 2014 at 9:30 pm
can we expect it for swing traders too any soon?
Reply
Nithin Kamath says:

April 10, 2014 at 2:44 am
By swing, I guess you are talking about overnight positions. The issue here is that exchanges in India, dont keep any orders in the cache at the end of the day, they are all
removed from the exchange systems. So until that issue is fixed, it will not be possible.
Reply
Jayateerth says:
August 2, 2014 at 8:54 am
Hi overnight positions are allowed in most of broker like Religare Karvy etc call ed as GTC.
But excellent job and entry by Nitin Sir, salutes to u
Reply
8. kamalanathang says:
April 9, 2014 at 9:50 pm
Where I get the ZT versions of 3.11.2 version? Currently in download section ZerodhaTrader_V.3.10.57.97.7 only available
Reply
Nithin Kamath says:

April 10, 2014 at 2:45 am
We will put this up on the download section by today afternoon.
Reply
NJ says:
April 11, 2014 at 1:20 pm
still not able to download zt version 3.11.2 only showing 3.10.57.97.7
Reply
Pravin Pawar says:

April 16, 2014 at 12:59 pm
where is ZT version 3.11.2 ?
Reply
Nithin Kamath says:

April 16, 2014 at 2:55 pm
Send a request to terminals@zerodha.com, we will send the link, we will put this up on our website next week.
Reply
9. Akbar says:
April 9, 2014 at 10:12 pm
Nitin, Tell me something about how you could drastically lower trading costs compared to your competitors? What keeps you ahead in brokerage business?
Reply
Nithin Kamath says:

April 10, 2014 at 2:48 am
hmm.. Lower trading costs is because of the way we run the business, which is completely online, saving on the infrastructure costs and by keeing the system lean. What
helps us to stay ahead, is probably the fact that I and a bunch of us here were traders from before, so can probably understand the needs of a retail client better.
The advantage of starting the business first, is that we have scale, which is very important in a low cost business.
Cheers,
Reply
fazlur rehman says:

Mr nitin, u being trader and unsderstand the need of a retail cliet, then dont u feel ..leaving us to trade on our own without any expert advise or trading ideas will
destroy the traders. of course new teaders will come to give u brokerage but old will leave after finishing the money.
Reply
Nithin Kamath says:

Fazlur, We are working on providing every tool possible to help a trader stay profitable. Stock tips never make money in the longer run, we run multiple initiatives
to help our clients out.
Reply
siddharth sharma says:

April 10, 2014 at 10:43 pm
Hi, This is still not available ??
Reply
Nithin Kamath says:

April 11, 2014 at 9:13 am
You mean Bracket orders? It is, send an email to terminals@zerodha.com to have it enabled on your ZT.
Reply
10. Susanta says:

April 9, 2014 at 10:15 pm
What about Stoploss-Limit & Stoploss-Market Order which are being used to get into a trade? Will it be applicable for that too?
Reply
Nithin Kamath says:

April 10, 2014 at 2:49 am
Bracket order is a separate order in itself, so the entry has to be using a BO window. You can continue using SL to enter positions for your MIS/NRML positions.
Reply
RV0329 says:
July 29, 2014 at 2:47 pm
good idea
Reply
11. rai says:

April 9, 2014 at 10:44 pm
Dear nithin u r really superba revolutionary step for retail tradersthak u soo much
Reply
Suresh says:
April 9, 2014 at 10:50 pm
Hi Nithin
Is it not possible to tweak bracket order little bit . I want to just place limit buy order and take profit order and not the stop loss order.
And if take profit order doesnt execute ready to take delivery in case of cash and carry the position in case of derivative. I dont want to take the benefit of margin and
ready to trade with my cash capital availiable but dont force to square off the position same day leave it to the trader or provide such a option so that he can convert it
into delivery. Such order can be created as these are features of trading software.
Reply
Nithin Kamath says:

April 10, 2014 at 2:51 am
No Suresh, as of now this product is a pure intra day play, so will have to be used the way I have mentioned. You can put a stop which is very far away from the
market price, if you dont want the position to be stopped out.
Reply
Manikandan says:
October 17, 2015 at 7:19 am
In the above question, i know that BO is a intraday product. Can we have something for future trade like T+5 and this can limited either by stoploss trigger or
profit taking?
Reply
Nithin Kamath says:

Not currently, but on our list of things to do.
Reply

April 9, 2014 at 11:43 pm
thanks for explaining the trailing stop loss order so well.. one query in ticks .. 40 ticks means 2 points even for multiple lots say if u r taking 2 lots , then 40 ticks means
2*100=200 Rs in absolute terms? and if this is correct , that means we have to put 40 ticks only for a trailing stop loss of 2 points irrespective of no of lots of taken..
Reply
Nithin Kamath says:

April 10, 2014 at 2:52 am
Yes Priya, 40 ticks is 2 points irrespective of the number of lots you trade with. I had done a small goof up while explaining absolute, if you click on the option absolute,
instead of mentioning 40, you can click on absolute and mention 2. It will just be the same, have rewritten that bit on top.
Cheers,
Reply
13. Aman Sharma says:

April 10, 2014 at 12:43 am
Thanks a lot Zerodha.
Reply
14. Nitesh sharma says:

April 10, 2014 at 12:50 am
Nithin Thanks A lot For Helping the Traders and putting Such efforts Day N Night Zerodha is life Changing for Traders Like me and whoever comes here will never Look back
Thanks once again
Reply

April 10, 2014 at 9:40 am
one small thing.. i think you have taken spot prices while giving example and while putting trade we need to take future values of index..
Reply
Nithin Kamath says:

April 10, 2014 at 10:01 am
Those were real trades that I had executed, they are all future values that I have considered.
Reply
16. Naresh says:

April 10, 2014 at 11:46 am
can i know how cover order is different from bracket order..
Reply
Nithin Kamath says:

April 10, 2014 at 12:14 pm
In a cover order, you enter with a fixed SL. In a bracket, you can enter with with SL and Target, along with it you can trail your SL, so if you are making profits, SL moves
in your direction automatically.
Reply
17. maddy says:

April 10, 2014 at 12:06 pm
thats very interesting..now one can manage money by using BO and loss due to emotional quotient can be strictly avoided.
Reply
18. Dhan says:

April 10, 2014 at 1:00 pm
Super, This facility is in MT4 and unfortunately we can not use in Indian markets due to regulations,as you mentioned in your blogs. Now you have introduced that facility it will
be wonderfulThank you so much for for changing the brooking industry face itself.
I am sure one day you make your software where we can place order by the chart itself.
Reply
19. sachin deshmukh says:

April 10, 2014 at 6:04 pm
simply mind blowing sir
Reply
20. wilson says:

April 10, 2014 at 6:44 pm
Thanks zerodha,
Kindly explain how to enter stop loss and how my target is achieved and my profit will be conserved in options buy call order or buy put order and in options writing order when
we place in a bracket order or in a trailing stop loss order.
Reply
Nithin Kamath says:

April 10, 2014 at 7:01 pm
Wilson,
It will work similar to how I have mentioned for futures (it is presently not enabled for options), you mention the target and trail either in terms of ticks or absolute. Will
put up an image on the working as soon as options are enabled for BO.
Reply

April 10, 2014 at 7:32 pm
when can we start using it..
Reply
22. Alok Urs says:

April 10, 2014 at 8:30 pm
hi,
THis is a good news for all zerodha traders. But we dont see on our system BO , I have sent a mail to activate it, hope it gets activated..
Good work
Reply
23. shashankawake says:

April 10, 2014 at 8:50 pm
Nitin, Is this new facility is also available in case of Option writing? So that we can benefit of extra leverage by using trailing SL.?
Reply
Nithin Kamath says:

April 10, 2014 at 8:56 pm
= option writing should start next week on BO
Reply
24. santoshv2k says:

April 10, 2014 at 11:50 pm
Thanks Nithin for BO & TL SL. Its a great requirement specially for scalper/intraday trader. I hope, once placing BO order, one can split his target in two/three parts such as
Tgt-1, Tgt-2, Tgt-3(Runner). In future, I hope for ATM strategy as well.
Thank you,
Santosh
Reply
Nithin Kamath says:

April 11, 2014 at 9:13 am
No Santosh, for now you cant split the target into multiple orders .
Reply
Santosh says:
April 11, 2014 at 10:57 am
Thanks Nithin, but I hope target & SL may be altered and modified as per new conditions.
Reply
25. Varun says:

April 11, 2014 at 11:56 am
Nitin I am in office most of the time I trade and the ZT software doesnt work from my office network, so I use the web platform at trade.zerodha.com would these be
made available on the web platform as well? Or on the mobile app?
A second unrelated question can there be a work around that can allow me use the ZT software while in office?
Reply
Manoj says:
April 11, 2014 at 6:46 pm
Varun, this is same thing , I m also experiencing. In fact a number of colleagues also experience. The difference of having real time charts is certainly different wen doing
the trades. I hope there is a possible work around that can be put in place which allows traders like us.
Reply
Nithin Kamath says:

April 11, 2014 at 7:50 pm
Varun, this would not be possible on the web platform or mobile app, atleast for now. A work around for using ZT would be to see if your admin, opens up the ports
required for ZT to run.
Reply
vinay says:
April 14, 2014 at 1:13 pm
Nithin, If we go to admin, They will kick us out.:):)
Reply
D33PAK says:
April 16, 2014 at 3:12 am
Use a Datacard, dedicated for ZT terminal.

You will be able to connect.
Reply
26. Somesh Gupta says:

April 11, 2014 at 1:08 pm
Best Wishes Sirji Can we convert Bracket Order to NRML before our target
Reply
Nithin Kamath says:

April 11, 2014 at 7:51 pm
No Somesh, it is a pure intraday product, so will not be possible.
Reply
27. Googol says:

April 11, 2014 at 1:30 pm
thanks for the nice feature..can you slightly modify and allow the entry through a stoploss order along with limit order..
for ex : if SBIN is trading at 1500 and i wish to to enter only above 1503..so i place a stoploss buy order with 1503.10 as trigger anticipating stock moves 5 points rapidly in my
direction once it breaks 1503,n i wish to trrade those 5 points (break out trades)
the problem with current bracket order is i cannot place stoploss buy,if i place order at higher price before 1503 it will be market order..if i place order after 1503 breaks,well by
that time it would shot up and i miss the exact entry..so i really wish there was bracket stoploss order for entry !
Reply
Nithin Kamath says:

April 11, 2014 at 7:51 pm
Speaking to the techies on this, will update u soon.

Reply
Googol says:
April 17, 2014 at 10:31 am
Thank You..Waiting for the updates
Reply
N says:
Hi Nithin,
Thanks for these features.
(1) Is a stoploss bracket order possible now?
(2) Also, I would like to place order under NRML rather than intra-day (ie, if my target is not achieved, then I would like to carry forward the trade). Is it possible to
do that?
Reply
Nithin Kamath says:

N,
1. Entry through SL still not possible.

2. For now, bracket orders are valid only for intraday trading
Reply
Jitendra says:
May 25, 2016 at 10:34 pm
Its been 2 years now and still this important feature is not incorporated. It should be given the highest priority.
Reply
28. Santosh says:

April 11, 2014 at 2:01 pm
Thanks Zerodha, I tried today BO with equity, its working fine.
Reply
29. Devendra says:

April 11, 2014 at 2:47 pm
Thanks a Lot for BO and TSL

After F&O and Equity Segment, will it be available for Currency and Commodity ?
Reply
Nithin Kamath says:

April 11, 2014 at 4:08 pm
Yes, but will take time to get approval
Reply

April 11, 2014 at 3:14 pm
Hi.. one more query.. can you place after market Bracket orders too.. thanks!
Reply
31. Bharath Sankar says:

April 11, 2014 at 3:45 pm
Dear Nithin,
Lets say i execute a bracket order with Trailing SL and leave the system as it can finishes on its own. I am worried in situation when Stop loss jumps and mkt crashes
henceforth. can the next order can be stop loss market order from the system itself.
Reply
Nithin Kamath says:

April 11, 2014 at 4:09 pm
Bharath,
The stoploss on bracket are Market stoploss, so as soon as the trigger is hit or crossed, a market order is sent.
Reply
Bharath Sankar says:

May 3, 2014 at 2:40 pm
Dear Nithin, Congratz for your advancement in technologies. Would benefit traders like us very much and Happy to say i am sending my documents for New Account.
Cheers !!!
Reply
32. sunil stephen says:

April 11, 2014 at 4:08 pm
By introducing bracket order to retail traders, you have flattened the trading playground. Revolutionary!
Reply
33. rm says:
April 11, 2014 at 4:39 pm
Thanks Nithin, great job!
Reply
34. Phoenix says:

April 11, 2014 at 5:52 pm
Hi Nithin,
Congrats.
Can we look forward for SL-L order for entries in near future ?
Or is it impossible to place SL-L with BO ?
Reply
Nithin Kamath says:

April 11, 2014 at 7:41 pm
No phoenix, since the leverage is higher it is imperative that SL gets executed when triggered, hence it will always be SL-M
Reply
35. kishan says:
April 11, 2014 at 5:57 pm
thank u zerodha, finally trading in India is moving towards the world of new generation of trading on the internet, this thing changes the trading completely ,we have this type
of trading until now in countries like USA,UK,JAPAN,AUSTRALIA and NEW ZEALAND ,
Reply
36. idea says:

April 11, 2014 at 6:10 pm
Hi Nithin good job one more thing is required is the breakeven in BN futures at present it is 3 pts (incl. brok + taxes) if you can work on that too great!
Reply
Nithin Kamath says:

April 11, 2014 at 7:42 pm
Thanks Idea, donno how we can reduce it lower..
Reply
37. nisha.shroff says:

April 11, 2014 at 6:44 pm
hi nithin
it looks good to venture this out !
it really is a no boundary trade !
I have a question :
when im on a buy entry bracket order, i am unable to understand the difference between the sqrOff Sell and Stoploss sell.
which one has to be filled during the order ? or is it both ?
and as well as LTP or ATP ?
thank you
Reply
Nithin Kamath says:

April 11, 2014 at 7:46 pm
Square off sell is your target order, so if you are buying at 6700 and want the target to be 6710, click on absolute and in square off sell mention 10 points or 200 if you
click on ticks. .
If you want SL to be at 6690, mention 10 points in SL if you click absolute or 200 if you click on ticks.
Yes both Square off and SL is mandatory, what is not mandatory is if you want to trail your stop or not. If you want to trail enter the way explained in the post above.
By choosing LTP (last traded price) or ATP (average traded price), you are telling the order to place square off and SL points away from either LTP or ATP.
Reply
38. Phoenix says:

April 11, 2014 at 8:10 pm
Nithin,
I am asking for ENTRY. Can we have a buy above order ? A fellow also asked the same thing with Sbin example.
It makes sense to have SL-M for order when our stops get hit.So no issues regarding exit.
Reply
Nithin Kamath says:

April 11, 2014 at 10:02 pm
ah.. yeah, this might take a while though
Reply
Ruby Mukherjee says:

May 28, 2017 at 11:06 am
I have just opened account in Zerodha. I shall start trading. I want to know what is the disclosed quantity. What is the difference between quantity and disclosed
quantity? What is triggered price. What is the difference between price and triggered price?
Reply
Nithin Kamath says:

May 29, 2017 at 11:24 am
Ruby, Suggest you to go through this http://kite.trade/docs/kite and this playlist.
Reply
39. shaktisd says:

April 11, 2014 at 8:37 pm
I cant see this option @ trade.zerodha.com ? Am I missing something ?
Reply
40. Deepak says:

April 11, 2014 at 8:50 pm
Dear Nithin,
Please provide BO & TSL initially atleast for stocks with 19times exposure in cover order so that traders can utilize it not only for nifty and banknifty also for selected equities.
Reply
41. brahmareddy says:

April 11, 2014 at 11:16 pm
dear nitin
today i tried to place bo in nifty futures
i called zerodha trading room for assistance
even zerodha people are not fully aware of this bracket order
please provide demo how to place orders
Reply
Nithin Kamath says:

April 12, 2014 at 9:41 am
The blog post explains placing orders, it is quite simple actually, if you have any particular question you can ask me here. Yes our team is getting trained on them as well.
Reply
sreenz says:
April 21, 2015 at 12:56 pm
Hi Nithin
I am really not sure how BO works exactly but the multiple entry executions and multiple SL or Target executions will end up in bleeding the customers with huse
costs?
After all your good intentions were to provide an affordable system for retail investors..!
Is there any solution to place Single Entry and Single Exit orders through BO just like that of normal trades?
Thanks in advance
Reply
Nithin Kamath says:

April 21, 2015 at 2:17 pm
Sreenz, the way bracket orders are designed, you have to place separate orders if your primary order is filled in multiple trades. There is no way possible to go
around this.
Reply
ozzy says:
May 2, 2016 at 12:31 pm
I do a little scalping so if I use BO to trade say 15 lots of axis bank and the trade is executed separately 15 times then 15 orders will be placed for target
and SL .when I hit target of SL is met how much will it cost me brokerage 15X20 or just 20. just clarifying.
Reply
Venu says:
May 2, 2016 at 7:08 pm
15*20 = Rs.300/- will be charged as brokerage for the exit trades.
Reply
42. Vishal Patil says:

April 12, 2014 at 7:58 am
Im facing problems newer nest version.

1) On startup it shows Log file open error.
2) On clicking OK and entering client id it shows User cannot login.Reason: Disconnected from NEST system
The Broadcast shows green icon, but the interactive mode shows red icon.
Reply
Nithin Kamath says:

April 12, 2014 at 9:39 am
Can you right click on the ZT icon and say run as an administrator, see if it works? You can also send an email to terminals@zerodha.com and linekar@zerodha.com if you
are facing an issue.
Reply
43. Shriharsha says:

April 12, 2014 at 8:30 am
Bracket Order is enabled only on ZT versions of 3.11.2 and above.

Where to get this version of ZT from?
Please make it available for everyone.
Reply
Nithin Kamath says:

April 12, 2014 at 9:37 am
We will make it available to everyone from next Thursday onwards, until then you can send an email to terminals@zerodha.com and our team will enable you on bracket
and send the link to download.
Reply
amitabh says:
April 20, 2014 at 9:15 pm
Dear Nitin,
New version is still not available in downloads section. Please resolve asap.
Regards
Reply
Nithin Kamath says:

April 21, 2014 at 12:38 pm
We are presently giving this only on request, so send an email to terminals@zerodha.com for this. We are slowly scaling up the bracket order feature
Reply
44. Sreejith says:

April 12, 2014 at 12:13 pm
hi nithin,
i have one question
In bracket order we can see one LTP & ATP,plz explain how it works?
Reply
Nithin Kamath says:

April 12, 2014 at 2:11 pm
LTP: Last traded price, ATP: Average traded price, If you click on ATP, then Stop and Target are placed on ticks/absolute away from the ATP and if you click LTP, then it is
placed away from LTP. It is best to keep this as LTP at all times.
Reply
45. svasudevan05 says:

April 12, 2014 at 2:03 pm
With half the MIS margin can trade with far away (100 points) stop and target and exit by modifying in order book!?but no exit available in order book shown above.no part
booking as in cover order.Am I right.
Same 1.5-2.5% margin on option premium and equity cash (70 times!)?
Reply
Nithin Kamath says:

April 12, 2014 at 2:13 pm
Can you see the Image of order book just before Modifying & Exiting a Bracket order title, there is a link called exit next to modify/cancel.
Yes there is no part booking, similar to cover order.
1.5 to 2.5% rule might change for stock/equity trading, we will put the details out next week.
Reply

April 12, 2014 at 2:08 pm
sorry exit available in order book

Reply
47. gyanekumar says:

April 12, 2014 at 5:41 pm
Hi,
I had sent a mail to termainal@zerodha.com for activating BRACKET ORDERS & TRAILING STOPLOSS (SL) facility in my ZT.Till now not activated, Please Activate this facility in
my ZT.
Reply
Nithin Kamath says:

April 12, 2014 at 10:13 pm
it is terminals@zerodha.com, can you email with your client ID
Reply
48. Alok says:

April 13, 2014 at 8:55 am
Is it possible that target may also trail in BO ?
Reply
Nithin Kamath says:

April 13, 2014 at 11:06 pm
Target cant really trail, it wont really be a target if it starts trailing right?
Reply
Anurag says:
April 14, 2014 at 11:05 am
Well that way SL is never SL if it starts trailing, isnt it? Its actually the way you want to trade. I mean I may want to trail my target in downward direction when it
moves against me. Why not? I can understand software doesnt have that feature, and thats okyou have done a commendable job in coming up with whatever you
have, but it would be great if you can keep these superb ideas in diary somewhere, just in case if its possible to implement them in future
Reply
Nithin Kamath says:

April 14, 2014 at 11:38 am
Sure thing, I didnt realize what you were asking for, I thought what you meant was when it goes higher move the target higher, I got a bunch of people
requesting for that..:) But what you said I understand, will put it on my things to do
Cheers,
Reply
Alok says:
April 15, 2014 at 1:54 pm
Thanks Nithin, I got it. We may put Target Higher so our SL will trail and we may square up our position to modify Target when ever we want. I hope that way we can
trail our target.
Reply
Nithin Kamath says:

April 15, 2014 at 2:14 pm
Yep
Reply
49. Prabhu Ram says:

April 13, 2014 at 3:14 pm
Could I enter a Basket Bracket Order (i.e) A basket full of bracket orders
Reply
Nithin Kamath says:

April 13, 2014 at 11:01 pm
No
Reply
50. KK says:
April 13, 2014 at 7:58 pm
Hello,
Is this 70% leverage apply to all the stocks mentioned in your margin calculator with BO?!!
Reply
Nithin Kamath says:

April 13, 2014 at 10:55 pm
It is actually 70 times and not 70%, with around 5k you can buy 1 lot of nifty futures worth around 3.5lks. Nifty futures otherwise require around 30k to buy 1 lot
normally.
For the other stocks ,the leverage with BO, we will be announcing by next week.
Reply
51. KK says:
April 13, 2014 at 11:30 pm
Yes i meant dat. But BO is for intraday isnt 30k for overnight NF position?
Will be waiting for the announcement, one request tho, pls include some more stocks, there r many which can be added safely, these stocks r volatile and make good moves.
and since BO comes with inherent safety consider giving us the best in the industry leverage for it.
Reply
52. manikandan says:

April 14, 2014 at 8:32 am
hello
can u pls activate my bracket order for my ID rm1030
i have downloaded the sw but the bracket order is not enabled for me
regards
manikandan
Reply
Nithin Kamath says:

April 14, 2014 at 11:39 am
Have you sent the request to our support team? Send it to india@zerodha.com and terminals@zerodha.com
Reply

April 14, 2014 at 9:16 am
Didnt help still getting same error. will mail to given email id. Using a system with windows 8.1
Reply
Nithin Kamath says:

April 14, 2014 at 11:38 am
I use windows 8.1 too, I have to right click on the exe and say run as an administrator, and it works for me. But yeah, do send the email to support, someone will call and
help you out.
Reply

April 14, 2014 at 12:27 pm
sent the mail for activating BO button

i can work with the sw except BO
pls look into this
manikandan
Reply
55. Kidstube says:

April 14, 2014 at 12:37 pm
Hello Nithin
I am a kid here. I need little more laymans language to understand this. Sorry if it bothers to answer all the stupid questions!
Suppose I wanted to buy BANKNIFTY 1 for 12896 and sell (profit) the same when it moves its price to12996 and trigger stop loss for 12876.
Can you explain me what should I do to in Ticks or Absolute ?

Suppose I wanted to take profit more than 12996, what should I do to trailing stuff?
Thanks
Reply
Nithin Kamath says:

April 14, 2014 at 12:55 pm
you got your profile name as Kid too..
So your limit buying order (main order) will be : 12896

Click on Absolute on both Square off and SL boxes.
In square off, mention 100 ( 100 points above 12896, hence ur target will be 12996)
In SL mention, 20 ( 20 points below 12896 which is 12876)
If you click on trail SL and mention 10 in that box, everytime bank Nifty goes up by 10 points, your SL will also go up by 10 points automatically. So if you mention 10 in
trail, and if Bank nifty goes to 12906, your SL will go up to 12886 and so on..
Hopefully this clarifies.
Reply
Kidstube says:
April 14, 2014 at 1:09 pm
Wow, that made it.
Many Cheers!!!
Reply
Bala says:
Hi Nitin,
Does your explanation is for a Buy or Sell BO? I assume Buy order is a normal limit order and your explanation relates for a sell. Please confirm.
Thanks in advance.
Regards,
Bala.
Reply
Nithin Kamath says:

This is Buy BO, buy with a limit and selling and trailing SL being put the same time.
Reply
56. Vijay R Sonawane says:

April 14, 2014 at 6:43 pm
Dear Nithin,
Thanx a lot & Congrats on launching Bracket Orders System 1st in India by Zerodha!
Really Cheers!!
Can you please explain, what are F&O Obligation Amounts & Call and Trade Charges seen in Client Account Summary. Almost all the time Call and Trade Charges are Rs
22..47/- only.
Thanx N Regards,
Vijay
Reply
Nithin Kamath says:

April 14, 2014 at 7:08 pm
Rs 20 + service tax, this would be charged if the orders are placed through our dealing terminals, either as call&trade or if it squared off by admin for insufficient margins.
Reply
57. brahmareddy says:

April 14, 2014 at 9:27 pm
can we change trailing stop to fixed stoploss and viceversa and ticks to absolute and viceversa while the trade is going on
please clarify
Reply
Nithin Kamath says:

April 15, 2014 at 12:44 pm
No you cannot, once you have mentioned the trailing SL, you cannot change it to normal SL and even with with ticks to absolute.
Reply

April 15, 2014 at 9:14 am
pls activate the BO option
id RM1030
Reply
Nithin Kamath says:

April 15, 2014 at 12:32 pm
Send an email to terminals@zerodha.com,

Cheers,
Reply
59. Rajesh Singh says:

April 15, 2014 at 10:30 am
Hi Nitin, in BO cant you enable SL for entry so that w can place two different price in Price & Trigger Price,
as if we just put Limit price, many time price get jumped & it didnt trigger & one has to chase with Market order.
Reply
Nithin Kamath says:

April 15, 2014 at 12:46 pm
We will look into it soon.
Reply
60. c.n.krishna murthy says:

April 15, 2014 at 11:20 am
i must congratulate zerodha for this. i had been reading about trailing stop loss only in books and now you have introduced it in india. great!!. i hope soon it will be possible to
enter trailing stop loss for overnight positions also.
Reply
61. kailash says:

April 15, 2014 at 11:36 am
Nitin, I would prefer to have SL trigger entry order alongwith limit one , like e.g nifty is trading @ 6750 and I want to enter long if price moves above 5760rest is perfect. . I
never use limit order for my entry and it is always trigger one.I do not have problem with higher margins if you can incorporate that.
Reply
62. kishan says:

April 15, 2014 at 11:45 am
have to say Mr.Nithin,u are a trader that is why u understand what is good for traders like me,so thank u for this thing
Reply
63. kishan says:

April 15, 2014 at 11:47 am
download link is still giving v3.10
Reply
Nithin Kamath says:

April 15, 2014 at 12:47 pm
For now, you will have to request for the new version, soon we will update on the website
Reply
64. viju_1105 says:

April 15, 2014 at 11:54 am
When trailing stop will be available for equity cash segment?will it be by percentage or absolute Rupee?
Reply
Nithin Kamath says:

April 15, 2014 at 12:48 pm
Very soon, by next week
Reply
65. patel says:

April 15, 2014 at 12:03 pm
Sir, ztrader ver 3.11.2 automatically crashes after the login process. please guide me.
Reply
Nithin Kamath says:

April 15, 2014 at 12:49 pm
Can you send an email to linekar@zerodha.com and india@zerodha.com, Instead of double clicking, right click on the application and run it as an administrator, should
work if you are using windows 8.1
Reply
patel says:
April 15, 2014 at 1:45 pm
Ztrader is working now. I am able to login also, but i dont see the bracket order option enabled.
Reply
66. Somesh Gupta says:

April 15, 2014 at 1:55 pm
Thanks, Iam doing well all step of Bracket Order
Reply
67. Pushkar says:

April 15, 2014 at 2:05 pm
Hello Nitin,
I know its asked many times and I would again request you to consider to add the SL ENTRY order in BO.
I am a price action trader so I enter on pivot breaks so I necessarily need a buy above / Short below type of orders.
So, If I have to buy above 102.

If executed, Target will be 105
SL will be 100
It will be great if I can put SL-M (better yet, SL-L) ENRTY order at 102.05 (If SL-L possible, trigger price 102.05, limit price 102.1)
SL at 100 ..where do I get the tick information for individual scrips? Please see if you can allow entering the values directly instead of ticks
Tgt at 105 (or corresponding ticks)
I read all posts but could not find a leverage example for cash scrips. For instance, I trade in DLF and I have 9 times leverage in cash segment for this scrip. How much will be
the leverage for A grade scrips in BO? sorry if I have missed it.
Regards,
Pushkar
Reply
68. sharath Thipararthi (@sharath_coach) says:

April 15, 2014 at 6:19 pm
dear nitihn
When will the bracket order enabled for stock futures other than nifty and bank nifty
regards
Sharath
Reply
69. Ashish says:

April 15, 2014 at 6:57 pm
Hi Nithin, Can we have only trailing SL order.. I mean, instrad of mixing bracket with trailing SL. I would like to have only trailing SL so that there wont be any target.
Reply
Devendra says:
April 16, 2014 at 7:00 am
Similar query is asked by one trader

Go thru the blog properly
Answer is to put Target / Sq. off price too far
For Nifty you can put Absolute 200 pts
Reply
70. tpanja says:

April 16, 2014 at 9:51 am
can I get this facility selling options . ???? like margin banifit of 2.5 % of entire contract or TSL modification etc .
Reply
Nithin Kamath says:

April 16, 2014 at 10:35 am
Selling options using BO will take a little while, another 2 weeks.
Reply
71. kishan says:

April 16, 2014 at 10:03 am
any body having problem with new software 3.11v,here is my experience,

1.send and email to terminals@zerodha.com and ask them to activate bracket order in your account.
2.they will reply u back and send a link to download the new platform, download it.
3.uninstall old one and install new software.
4.if u get error,please check time and date in ur computer and change it to local time(IST)
5.install .netframe 3.5 from microsoft site that should help u running new software
6.any problem while installing feel free to call support team they will help u
Reply
botany02 says:
April 23, 2014 at 12:23 am
Hi Kishan,
I faced lot many problem while installing Ver3.11.I tried for a full day.Do You Check Excel Link function?Is Link To Excel function working with Ver3.11?
Reply
kishan says:
July 30, 2014 at 1:57 pm
SORRY for late reply ,i hope u have fixed the excel error by know if not, well link to excel is working for me,
Reply
72. Bharath says:

April 16, 2014 at 10:53 am
tnx Kishan ji
Reply
73. Ravi Kiran says:

April 16, 2014 at 1:11 pm
Cant we place a Market Order while executing Bracket Order ? And is 70 times leverage available to Equity Intraday too??
Reply
Nithin Kamath says:

April 16, 2014 at 2:08 pm
Equity not started yet, equity you would probably get around 25 to 30 times when introduced.
Reply
Ravi Kiran says:

April 16, 2014 at 2:51 pm
you mean BO not yet introduced for Equity Intraday??
Reply
74. Praveen says:

April 16, 2014 at 4:43 pm
sir i have one doubt. Lets say i want to buy banknifty only when it become bullish. Lets say banknifty is trading at 13000 and i want to buy it only when it goes above 13050. So
can i use bracket order for this case. So here i want to buy Banknifty at 13050 and my target will be 13090 and my stoploss will be 13020. So is this type of order execution
possible in Bracket order
Reply
Nithin Kamath says:

April 16, 2014 at 5:15 pm
No you cannot presently
Reply
75. JAYARAM R says:

April 17, 2014 at 10:03 am
sir also having same query. ITS PRESENT IN FOREX TRADING Lets say i want to buy banknifty only when it become bullish. Lets say banknifty is trading at 13000 and i
want to buy it only when it goes above 13050. So can i use bracket order for this case. So here i want to buy Banknifty at 13050 and my target will be 13090 and my stoploss
will be 13020. So is this type of order execution possible in Bracket order. IF POSSIBLE KINDLY TRY TO UPGRADE THE SAME.
Reply
76. Dhan says:

April 17, 2014 at 10:03 am
After installing 3.11.2 now from trade position We can convert MIS to NORMAL position , it gave message Action Right disabled for position Conversion from Trade Book
Is it new software bug or the systme is changed
Reply
Venu Madhav says:

April 17, 2014 at 11:24 am
Was a bug..has been fixed You can convert positions now.
Reply
77. learner says:

April 17, 2014 at 10:26 am
iam confused how to place the order,for example if nifty is at 6726 i want to buy at 6726 with stop at 6706, i placed bracket order with this prices but instead of getting
triggered it was a pending order, how to place bracket order at market price, can u please help me here
Reply
Venu Madhav says:

April 17, 2014 at 11:19 am
If youd like to buy at market price, make sure youre placing an order at a price higher than what its trading at in the market. E.g: If Niftys cmp is 6276 and you want to
buy it at market, please place your entry buy order at 6280.. This will ensure that it gets bought for you immediately. If you want to place the SL @ 6706, select Absolute
in the SL window and enter the value as (Buy price 6706).
Reply
kars says:
April 18, 2014 at 4:12 pm
I think the price should be lower than CMP, not higher, to have the limit order executed immediately.
Reply
Nithin Kamath says:

April 19, 2014 at 11:09 am
In case of buying order, it has to be higher, and in case of selling order the price has to be lower.
Reply
78. learner says:

April 17, 2014 at 12:03 pm
thank u Mr.venu, i assume same goes for selling just have to lower the price for selling, am i right
Reply
79. neha1 says:

April 17, 2014 at 5:33 pm
Hi,
You have written above that bracket order is available for equities also. Can you please explain for equities also. Like there we wont be using tick values, but the normal price of
the equity, isnt it. Also you said above in one of the comments that cover order is not allowed with bracket order, so are MIS orders allowed or even they are not allowed.
I have one more question. There is a comment above by one of the users that part booking is allowed in cover order. I trade using cover orders but I never find part booking in
them. Suppose I buy 100 shares of reliance then I need to sell them together in a cover order. Or can I select 30,30,20,20 to sell them off.
I have a request. When someone buys a cover order then the stoploss figure in the trigger box is always at the extreme end and it becomes difficult to execute a cover order
when the prices move up sharply because then we have to delete the stoploss figure which is at the extreme value and change it manually to a higher price and by then the
stock moves up already by a considerable amount. Can your team just make than default value of stoploss to be somewhere in the middle rather than at the extreme end.
Thanks
Reply
80. Vijay Nair says:

April 18, 2014 at 12:00 am
Hopefully BO will be launched for options also in next 2 weeks
Good Job Zerodha.
Reply
81. Shashi says:

April 18, 2014 at 12:45 am
Hi,
Could you please look into enabling SL entry type for BO? Currently we can only enter using LIMIT orders. Thus current system restricts the this revolutionary product for range
traders only. Breakout traders will be able to use BO only if we can enter using SL.
SL entry type for BO will be very much appreciated by Breakout traders like me.
Reply
82. sandeeb says:

April 18, 2014 at 1:23 am
Nitin Hi, Is trailing stop loss feature available on your mobile platform also?
Reply
Nithin Kamath says:

April 19, 2014 at 11:02 am
Sandeeb, presently only on ZT the software version.
Reply
83. Senthilkumar P says:

April 18, 2014 at 7:55 pm
What will be the margin requirement for one lot of nifty option writing in the Bracket Order
Reply
Nithin Kamath says:

April 19, 2014 at 11:11 am
Will be based on strike price, but should be slightly higher than futures that is explained in the example above.
Reply
84. PRASHANT KUMAR says:

April 19, 2014 at 7:30 pm
Can Bracket Orders be placed for stocks cash market also(NOT stock futures I mean)???
Do we need to place a fixed % for SL or exact value of stop loss???
Reply
Nithin Kamath says:

April 21, 2014 at 12:30 pm
Presently only Nifty and Bank Nifty futures, the other contracts should start soon..
Reply
85. Siva says:

April 20, 2014 at 12:55 pm
Hi i am not able to change my password and not able to make funds transfer in the new terminal but everything is working fine in the old terminal.
Reply
Nithin Kamath says:

April 21, 2014 at 12:35 pm
Will have this checked immediately and get back
Reply
86. sai says:

April 21, 2014 at 10:01 am
Hi, ZT version 3.11 still not available for download. Where can we download it from?
Reply
Nithin Kamath says:

April 21, 2014 at 12:48 pm
send an email to terminals@zerodha.com
Reply
87. Sumit says:

April 21, 2014 at 10:04 am
Hi Nithin,
Two questions for you

1) why there is an option like ticks or absolute? why not only absolute or only ticks?
I am trying to understand the advantage of one over other.
2) Suppose I have specified 2 points for trail for buy BO at 6807 with target 6850 and SL of 10 points
if markets moves to 6809 my SL will be decreased by 2 points. This is fine.

after that if market moves from 6809 to 6807 and then again to 6809 then my SL will be decreased by 2 points again(Total 4 points)?
Thanks & Regards

Sumit
Reply
Nithin Kamath says:

April 21, 2014 at 12:52 pm
1. Tomorrow when you start trading stocks which are of smaller value, say for example Unitech, 1 point will be almost 6% of stock price, so ticks will be useful then.
2. Buy BO at 6807, Target 43 points and SL 10 points, this will place target of 6850 and SL of 6797. If Nifty goes to 6809, SL will trail to 6799. If Nifty comes back to 6807,
the SL will stay at 6799, and when it goes to 6809 again, it will stay at 6799.
Reply

April 21, 2014 at 10:37 am
What could be the reason for rejection of bracket order?
I placed following sell bracket order today for NIFTY April futures
Sell:6900 Squareoff:6850 Stop Loss:6910 Trailing SL:40
Reply
Nithin Kamath says:

April 21, 2014 at 12:54 pm
Sell 6900, square off should be 50 if you click absolute and 1000 if you choose ticks (remember you are not mentioning a price, but how many points below 6900 you want
to square off). Similarly stop loss should be 10 absolute or 200 ticks. If you have chosen absolute, trail SL of 40 would mean 40 points and if you have chosen ticks it will
mean 2 points.
Reply

April 21, 2014 at 10:41 am
All above are in absolute terms and not ticks
Reply
90. Rajesh says:

April 21, 2014 at 6:07 pm
Hi the bracket orders are still EXTERMINATING mode. It is not full filled software. there is lot of Bugs.
I placed sell bracket order today for NIFTY April futures.
It was executed the first step of sell order. and the renaming two steps was getting error :USER/USER_TARGET NOT LOGGED IN
Reply
91. Abhinay says:

April 22, 2014 at 5:29 am
Is this available for trading into scrips in equity and F&O segment?
Reply
Nithin Kamath says:

April 22, 2014 at 9:54 am
Presently only for NIfty and Bank Nifty futures, but others should start soon..
Reply
Abhina6 says:
April 23, 2014 at 10:40 am
How soon can i expect it to be getting started for others as this is really a very good feature introduced by zerodha which not only safeguards our losses but also
helps in booking the profits at the right place with trailing SL.
Reply
Nithin Kamath says:

April 23, 2014 at 1:45 pm
Probably another week to 10 days.
Reply
92. Praveen says:

April 22, 2014 at 9:02 am
Hi Zerodha team. Just request you to kindly update a Bracket Order calculator. And i want to ask you why did the cover order calculator is missing in Zerodha Margin calculator
page?
Reply
Nithin Kamath says:

April 22, 2014 at 9:55 am
The BO/CO has new margin rules, and we have a calculator only for this separately, the same calculator will let you know both the BO/CO margins (which are the same).
check it out here: https://zerodha.com/margin-calculator/BracketCover/
Reply
93. NM says:
April 22, 2014 at 12:40 pm
What about the Maximum Leverage Multiplier for CO? Like we had it earlier?
Reply
Nithin Kamath says:

April 22, 2014 at 1:51 pm
The present calculator will let you know the exact margin you get, earlier it was giving an around number, but got your point, we will also start showing a multiplier next to
margin required.
Reply
NM says:
April 22, 2014 at 2:03 pm
Thank you. Hope am not asking for much here. But, the drop down list for symbol is blank. Doesnt populate any scrip for equity. The earlier version of searching for a
scrip and directly looking at the CO Multiplier was easier & faster.
Reply
Nithin Kamath says:

April 22, 2014 at 8:18 pm
Just checked, it is not working on ie, we will have it fixed soon, can you try using the chrome/firefox browser. Yes the earlier version was faster, but it was not
showing correct values.
Reply
NM says:
April 23, 2014 at 5:20 pm
Drop down works in IE now, thanks. The CO Multiplier value display?
Reply
94. maddy says:

April 22, 2014 at 2:05 pm
im unable to place bracket order though i have downloaded 3.11 version.after pressing shift +f3,terminal does not respond
Reply
Nithin Kamath says:

April 22, 2014 at 8:18 pm
Can you email at terminals@zerodha.com with your client ID
Reply
95. Gyanendra kumar says:

April 22, 2014 at 4:25 pm
BO order available in Zerodha Web Trading.
Reply
Nithin Kamath says:

April 22, 2014 at 8:22 pm
No only on ZT the software version.
Reply
96. Binu says:

April 22, 2014 at 10:01 pm
in BO buy price is 100 ST-L is 10 and profit is 50 then
1, ST-L will be 90, and if I want to modify ST-L to 80 then in modify window I will put `20`
2, if the market price goes upwards & now it is on 140 ,- now I want to modify ST-L to 120
then in MW `-20` is the value what I want to put?
Reply
Nithin Kamath says:

April 23, 2014 at 1:37 pm
Binu,
Though you place SL and target on BO in terms of points or ticks, but once the order is placed, the numbers which will show are actual numbers. So when you place BO at
100 SL 10 and square off 50, the 2 pending orders will show as SL 90 and target 150
1. To modify SL to 80, you just change SL 90 to SL 80.

2. Similarly you modify Sl 90 to Sl 120.
The ticks/absolute is used only while placing
Reply
97. botany02 says:

April 23, 2014 at 12:19 am
Hi Nithin,
Bracket Order was enabled for My Client Id and I got the Download Link for Nest Ver 3.11.I Installed as per Instructions in mail.Initially Log on was unsuccessful for three times
and Successfully logged on 4th time.
This version is not stable as Ver3.10. Market Watch link to Excel is not working in the Newer Version.But excel link was working fine with Ver3.10.I mailed to
terminals&India@zerodha.com regarding the issue.But the Problem yet to resolve. I think that Link excel function is not available in Ver3.11.Please recheck it.I uninstalled the
Ver3.11 and reinstalled the Ver3.10 as I require the excel link function.Is BO work in Ver3.10? Pl Reply
Reply

April 23, 2014 at 8:44 am
BO and CO margin same and reduced,and MIS margin reduced-based on my checking for reliance?! saw some where above that we can expect 25-30 times !
and problems with new version! may be BUGS have to be fixed.!
May be good for nifty and bank nifty only!
May be have to wait for a while to really know if BO is boon/bane!!
Reply
99. vinay says:

April 23, 2014 at 12:50 pm
Hi, I just checked out the commodities margin terminal in zerodha website and i could notice some impractical margin levels like zinc costing just 6rs/lot for nrml and aluminium
costing just 9rs/lot nrml . I think some software analysis might have gone wrong,
just have a check on it..
Reply
Nithin Kamath says:

April 23, 2014 at 1:22 pm
Yes, fixing it..
Reply
100. Dushmant Das says:

April 23, 2014 at 2:33 pm
Hi,
Just installed ZT 3.11.2. I found in Bracket Order Entry, there is only Limit Order and NO SL-Limit Order or SL-M Order in Order Type Column. Traders like me would like to put
SL Buy or Short Order and would certainly miss the trade if Price makes a sudden and steep rise or fall.
Kindly make SL-LIMIT or SL- M order available in Order Type Column in Bracket Order Entry .
Regards,
Dushmant
Reply
botany02 says:
April 23, 2014 at 3:10 pm
Hi,
I too agree that SL-Limit option shoul be available in BO.Bcoz SL-Limit is very useful when sudden up or down fluctuations.
Reply
santosh says:
yes I am too missing that option.
Reply
101. Rani.M says:

April 23, 2014 at 9:45 pm
RANIHOSUR
Pitiable performance of Bracket orders in ZT 3.11.2
On my request Zerodha Team enabled Bracket Order Facilities to me. But the Bracket Order segmentPerformance is very poor as detailed below.
1 .On the first day that is on 15-04-2014 in BO segment I bought 1 lot of Bank Nifty at Rs 12722.25 at 09:31:30AM.After execution of initial buy order the system placed one
profit order and one SL order.
At 11:03:53AM the profit order executed. So the SL order should have been automatically cancelled. But to my surprise, till end of the day the SL order pending in the
system(error user/user target not logged in)
2. On 23-04-2014 I sold 1 lot of Bank Nifty in BO segment, my sell order executed at 10:59:54AM. So one profit order and one SL order should be kept pending. But the
system cancelled both the orders.
When I brought this to the notice of your staff at Bangalore they placed one Reverse order in NORMAL segment and they charged for this Rs 22.47. ( For your system mistake I
have been charged.) So I request you to rectify things OR withdraw this facility.
Reply
MA says:
April 23, 2014 at 11:20 pm
omg! Shall we wait then to get it stabilized. We would be busy otherwise in some work considering trades are executed accordingly.
Reply
Nithin Kamath says:

April 24, 2014 at 2:03 pm
Will have this checked, and if we have charged you extra Rs 20 for placing an order through our side for this, will have this reversed.
Reply
Hitesh says:
Is it resolved now ? Or still persist.
Reply
Nithin Kamath says:

This question was from when it was launched in 2014. No issues now.
Reply
102. MRP says:

April 24, 2014 at 4:57 pm
Please Activate BO order for me and send me new ZT download link.
Mail already sent.
UserID: DM0230
MRP
Reply
103. srinivasan vasudevan says:

April 24, 2014 at 7:55 pm
As long as price moves in the direction of trade TSL means increasing SL to desired value in buy mode.Upping SL by fixed value is complicating trade.Risk to broker is less also
Some how feel BO of Zerodha is not going to take off in a big way with more margin,unstable ill prepared terminal software,and complications of SL and target.increasing trade
tension.
Experience of those who already traded is discouraging as expressed above by many.
What is needed is simple bug free system (with exhaustive testing before launching) allowing trade with lesser margin than previously taking care of risk of broker
Reply
Nithin Kamath says:

April 24, 2014 at 9:35 pm
It is a new product, and as you can see the experience is mixed, there are people liking it and people who are still not getting used to it. Did you by any chance place
bracket orders, and any issues faced?
Reply
srinivasan vasudevan says:

April 26, 2014 at 8:45 am
Waiting still for settling down of all bugs.Wonder MIS is still better if no great margin advantage for BO/CO
Reply
104. srao says:

April 25, 2014 at 11:54 am
Hello Zerodha Folks,
I have been using the bracket order for few days and here is my feedback.
1. Bracket Order is ensuring that the Stop Loss in my mind is actually placed in the order. Its a great help, BIG thanks for this.
2. If I pace a BO for 20 lots of NIFTY future, there are usually multiple SquareOff/StopLoss orders created when the BO is filled. It appears there is a new order created for
every fill that happens. There are couple of issues with this. The first one is more brokerage due to more number of orders. But more important issue is managing
SqareOff/StossLoss becomes messy. Instead of modifying one order I will have to modify multiple orders.
3. I placed a BO for 36 lots of BANKNIFTY future today. The order filled for 26 lots and pending for the remaining 10 lots. I decided to cancel the remaining order and thought of
modifying the StopLoss for the 26 lots already filled. When I cancelled the pending order to my surprise 26 lots got squared off. Frankly this is unexpected.
4. I failed to understand the why Absolute and Ticks in BO entry form. I am curious to know why selecting ticks and computing how many ticks it should be. I go with Absolute
but every time I login i will have to select Absolute as the default is Ticks. If my preferences can be saved it would be a great help. I did not understand the ATP/LTP as well but
I can ignore it conveniently.
5. If possible please review mixing Blue and Red colors in BO entry form. There is one occasion I placed sell order instead of buy order. I know its my bad.
6. I have a question regarding the trailing stop loss. Is it set on server side or on the client? Should my terminal be running to have the training stop loss to work?
My overall experience is positive. Pioneering is not easy, you are doing it well.
Thanks a lot, Srini
Reply
Nithin Kamath says:

April 25, 2014 at 2:18 pm
Thanks for the feedback Srini, we are ironing out some of these issues.
Trailing SL is on the server side, so you dont need to be logged in.
Reply
srao says:
May 2, 2014 at 2:35 pm
Thanks Nithin. Hope your techies will fix the issues at the earliest. Are the 2nd and 3rd issues mentioned about in the list of issues to be fixed. Today my BankNifty
order of 40 lots got filled and spawned into 14 SqareOff/StopLoss orders. When BankNifty is moving like an express train, imagine my fate in modifying the 14 orders
to take profit
Srini
Reply
105. Rahul Avhad says:

April 26, 2014 at 8:09 pm
Hi Nitin,
first to thanks you & your team to do this fantastic job for all trader, i have got new version of ZT as well as
BO setup, i just want to ask that, when I get to trade with BO in Option segment????
Reply
106. BigHammer says:

April 27, 2014 at 11:49 pm
It would be really interesting if you guys upload few screenshots of your upcoming trading platform. Like charting or main terminal.Do upload it on facebook.thatll grab
more eyeballsHoping for the best from Zerodha.
Reply
Nithin Kamath says:

April 28, 2014 at 7:56 pm
Very soon
Reply
107. Dhrupad Buch says:

April 28, 2014 at 12:50 pm
Thanks Zerodha. Here is a query that might perhaps be illogical and if so, please accept my apologies in advance. I would like to know what happens to the trade that remains
open at the close of the trading hours. What I mean is the market does not move either side and thereby the Profit Order as well as the loss order does not get executed
Reply
Hanan says:
April 28, 2014 at 2:09 pm
This is definitely not an illogical query. Being aware prepares us well for the future.
All pending Bracket Orders will be cancelled by the system at 3:20 and any open Bracket Order position will be squared off at the market rate.
Reply
Nithin Kamath says:

April 28, 2014 at 8:20 pm
Brackets are an intraday product, so if nothing happens at 3.20pm all positions are squared off at market price automatically.
Cheers,
Reply
108. Gilari says:

April 28, 2014 at 1:03 pm
Stop loss buy and sell order are required for break out strategies and the price field must be auto fill for placing a quick order
Reply
109. Gilari says:

April 28, 2014 at 9:58 pm
While I modified the SL following error was notified

USER/USER_TARGET NOT LOGGED IN
What does it mean ?
What should I do to rectify it?
Reply
110. iwillbeback says:

April 29, 2014 at 12:05 am
Hi Nithin,
Bracket orders seem fantastic. Very impressed with Zerodha so far.
By when can we expect BO for Currency futures?
Reply
111. guru says:

April 29, 2014 at 9:00 am
how many scripts are allowed for the BO now??
Reply
112. vinay says:

April 29, 2014 at 12:35 pm
BO enablity date for equity ..?? awaiting..!!
Reply
113. Milind says:

April 29, 2014 at 1:16 pm
Any chances of getting BO for commodities?
Reply
114. Subhash says:

April 29, 2014 at 4:31 pm
Hi Nithin Sir,
My Name is Subhash, I am Zerodha Trader, i want One More with this Trailing Stop Loss Bracket Order
As I want One more Option as like Trailing stop loss that is Target line is to be moving forward as like the trailing stop loss line. The Modified Target Order Becomes like a End
Less Profit to the Trader.
Example from the Business Line,

Buy stock X at 100, along with a target order at 110 and stop-loss order at 98. The X Stock Moves Up to 108,, the Trailing Stop loss will be 106 then the target is 110
I continues here with Modified Target Order
if Suppose the stock will Moving to 110 the Target order is Moving Up to 112 then the Trailing stop loss will be 108
My Problem is again Explained by a Table

Example with Above Same Values:
CMP Target Trailing StopLoss
100 110 98 Intial Position Entered

102 110 100
104 110 102
106 110 104
108 110 106
Here After I want Modification in our System.
110 112 108
112 114 110
114 116 112
Continues.
In this Trailing Target Line, Any Problem will facing by Trader, Kindly Inform Me. I Request you to Update Our Trading System.
Business Line Link:http://www.thehindubusinessline.com/features/investment-world/market-watch/smart-trading-moves/article5953555.ece
Happy Trading.!
Reply
Binu says:
April 30, 2014 at 10:29 am
IT IS SIMPLE
CMP 100 , TARGET = 250, STOP LOSS = 98, TRALING STL = 2
Reply
115. Sukesh says:

April 30, 2014 at 10:13 am
Hi Nithin,
In the recent past Im seeing scenarios where the Nifty is moving up or down by huge points within a few seconds (about 50 points within about 30 seconds).
My Question:
1) Does this mean that some big trader is trying to manipulate the market?
2) Is there any inference i can draw from such moves?
2) What if the price of the instrument goes much beyond my stop loss price before its executed?
Thanks
Reply
Nithin Kamath says:

April 30, 2014 at 1:04 pm
1. Hmmm tricky to call, one of the big issues that we are facing today in India is the dying liquidity because of lack of retail participation. So selling/buying of big sizes can
move the market very quickly. You can look at a glass half full or half empty, what I mean to say is that this is actually an advantage for retail traders like us, we can get in
and out anytime, unlike an insti or big trader who cant.
2. Very tough to draw any inferences unless the move continues in the direction..
3. There is always that risk with stop loss orders, in brackets stop loss is market, so when the trigger hits a market order is sent to exit the position, so it will get executed
at whatever is the price available in the market.
Reply
116. binu says:

April 30, 2014 at 10:40 am
hi nithin
In zerodha trader 3.11.2 Option Greeks r not working.
Please look in to these things too.

Reply
117. Gilari says:

April 30, 2014 at 1:42 pm
I have a doubt
Suppose I bought a nifty future at 6850 with a TRAILING STOP LOSS at 50.
now stop is at 6800
suppose that market has gone to 6880
now SL is at 6830
now market come down to 6860
Sl remain at 6830
Now, if market go to 6870 from 6860,what will happen to SL at 6830
Shall it remain at 6830 or it shall move 10 more point to 6840?
Reply
118. manoj4986 says:

April 30, 2014 at 7:18 pm
Hi Nitin,
Today I had a rough time with bracket order which has a bug After placing a order if user is not connected to terminal during execution of trade it will not place stop loss and
Target order to terminal instead it will reject them. Due to this one cannot exit position and I had to take quiet a amount of loss and have reported same via support ticket
#315218. I have not received any satisfactory response to it.
Reply
Nithin Kamath says:

April 30, 2014 at 7:41 pm
Looking into this Manoj
Reply
119. Determined says:

April 30, 2014 at 8:43 pm
A very basic question hope you wont mind seeing it here..
Suppose NIFTY is at 6700, and I want to Buy. As for BO Entry, only Limit orders (and not Market) are possible, I place Limit order at 6710 with a SL of 5 points. Now in this
scenario,
1. What could be the execution price? The best price available b/w 6700 and 6710, or 6710, even though it may be above the current price?
2. In case it gets executed at Limit of 6710 only while the market actually falls to 6695, my SL-M will be at 6705. Could this mean I end up Buying at 6710 and exiting at 6695?
Reply
Nithin Kamath says:

May 2, 2014 at 1:06 pm
1. Execution price would be best price b/w 6700 to 6710 .

2. The stop loss is placed based on the execution price and not based on the limit order price. So if the order got executed at 6700, the Sl will get placed at 6695.
Reply
120. naveid says:

April 30, 2014 at 11:53 pm
can we choose both call n put at same time with stoploss at 20 points, plz sugst
Reply
Nithin Kamath says:

May 2, 2014 at 1:15 pm
No will not be possible.
Reply
121. Dharan says:

May 1, 2014 at 7:33 am
hi nithin,
LIMITATION of Bracket Order
For a 5 lakh capital, you can place more than 50 lots nifty future with the help of bracket order, but you can only enter one single number, like 6800, and many times you wont
get all the 50 lots at one price point, so i feel u should have an option of trigger price, or should have a range where we can mention 5 points range. so you will get all the 50
lots executed with 6800 to 6805, with 20 points stop loss.
For doing 2 to 5 lots bracket order is fine. 80% of the time, the trade will get executed with a single price point.
some one had mentioned that he placed 36 lots bank nifty and only got executed 26, the reason is because of single price point, if there is an option to mention a range of 3 to
5 points. Or if that 6800 is a trigger price and all other orders get executed at market price, that will be great. Yes there will be slippage of 5 to 6 points per trade, when we
have to do 50 lots. Other wise even though we get huge leverage with the help of bracket order, many times you wont get the trade executed fully at a single point price.
i feel more than trigger price, a column for range where we can mention 5 points, will increase the probability of getting the trade executed fully and not partially.
Kindly reply
thanks
Reply
Nithin Kamath says:

May 2, 2014 at 1:18 pm
The range thing might take a while, but we are working on having the feature of entering a bracket using SL as soon as possible.
Reply
122. Austin ravi says:

May 1, 2014 at 1:58 pm
where can i download Zerodha version 3.11, in downloads page only version 3.10.5 available,im using version 3.10 has no option of submenu in Bo entry.
Thanks/
Reply
Nithin Kamath says:

May 2, 2014 at 1:19 pm
terminals@zerodha.com, u will have to put a request
Reply
123. Sachi says:

May 2, 2014 at 2:11 pm
Hi Nithin,
Has Options been enabled in BO, please update.
Reply
124. RC18 says:

May 3, 2014 at 6:01 pm
Read all the blogs. Wonderful product. Thanks to initiate this. Planning to use this during next week.
Reply

May 4, 2014 at 4:45 pm
Will it take time to introduce BO & TSL in Equity Intday??
Reply
Nithin Kamath says:

May 4, 2014 at 6:44 pm
Yep, might take a little longer.
Reply
126. rohit says:

May 5, 2014 at 9:21 am
Link to Excel not working in my ZT3.11.

plz help
Reply
127. rohitpatil says:

May 5, 2014 at 9:58 am
sir plz
Link to excel not working in ZT 3.11.
I opened excel and ZT with admin access still ts not working
Reply
botany02 says:
May 5, 2014 at 3:51 pm
Ho Rohit,
I also faced same problem.But Now, It has been rectified by Zerodha Technical Staff Through Team Viewer Software.
Reply
botany02 says:
May 5, 2014 at 4:03 pm
Hi Rohit,
Do the following,
1. Close Excel and ZT trader
2. Open a cmd with admin rights
3. Type the following exactly
4. REGSVR32 C:\Program Files\Omnesys\NEST3\NestPulse.dll
5. Press enter.It will register the dll File wait for confirmation.
6. Again type the following exactly
7. REGSVR32 C:\Program Files\Omnesys\NEST3\NestChart.ocx
8. Wait for Confirmation
9. Exit cmd
10. Now Open MS Excel
11. Go to Excel Options
12. Truster Center
13. Trust center Settings
14. Trusted Loactions
15. Add New Location
16. C:\Program Files\Omnesys\NEST3\
17. Tick the Box Sub Folder of this loaction
18. Click OK
19. Exit Excel
20. Open the ZT trader First and then Open the Excel File.
You are Done
Reply
128. Jyothish says:

May 5, 2014 at 3:52 pm
Hi Nithin Sir , Can I PLACE STOP LOSS BUY/ SELL ORDER for entering a position in BRACKET ORDERS for entering a position ???
Reply
Nithin Kamath says:

May 5, 2014 at 6:19 pm
Not yet
Reply
Jyothish says:
May 8, 2014 at 9:29 am
Dear Nithin Sir Kindly do the needful to get the same.bcoz it will be great & useful thingHope Zerodha will take it seriously & activate at the earliest
Reply
129. Sachi says:

May 5, 2014 at 7:32 pm
Has Options been enabled in BO, or still only Futures?
Reply
130. Praveen says:

May 5, 2014 at 9:40 pm
Please let me know when you are planning to enable BO in F&O

Reply
Nithin Kamath says:

May 6, 2014 at 10:24 am
Presently available only on Nifty and Bank Nifty, will take a few more days to provide across all contracts.
Reply
131. Rohit Saraf says:

May 6, 2014 at 7:31 am
Hi Nithin
I am on Mac OS. is there any way I could use Bracket orders?
Thanks
Rohit
Reply
Nithin Kamath says:

May 6, 2014 at 10:23 am
ZT the exe based platform, cant be installed on a MAC, so unfortunately you cant.
Reply
132. Sachi says:

May 6, 2014 at 12:32 pm
Has Options been enabled in BO, or still only Futures in BO?
Reply
133. REHAN KHAN says:

May 6, 2014 at 5:52 pm
Hi,
now bracket order is only for nifty and banknifty fut, but i jst wantd to know can we do bo for options, for options we can only place a target r stoploss
Reply
Nithin Kamath says:

May 6, 2014 at 7:09 pm
Very soon u will be able to trade using BO on options.
Reply
134. Praveen says:

May 7, 2014 at 10:31 am
Is BO available in Zerodha web?
Reply
135. v.nj says:

May 7, 2014 at 4:26 pm
Sir, is this service free for all clients.? I read somewhere it is or it will be charged.? How can I enable it?
Reply
AndrewMan says:
May 7, 2014 at 6:08 pm
I got this enabled by sending email to terminals@zerodha.com, as mentioned in the blog many times. No charges for this.
Reply
136. anand says:

May 8, 2014 at 8:39 pm
can use bo for equity futures?
Reply
137. manigandan says:

May 9, 2014 at 11:56 am
dear nithin,
zerodha is leading ahead of other brokers for sure,but surely not interms of terminal..when can we expect zerodha own trading terminal which we are over expectingwhich we
also expect to stand in global racemother of all terminals.awaiting for ur valuable reply.
Reply
138. binu says:

May 9, 2014 at 12:44 pm
hi nithin
With BO I buy B-nifty 13260 ST-L = 50 & trail SL = 2
now trigger price is 13210
then I modify ST-L to 13200
now market went to13263
now my trigger price is showing 13212
this means, with trail SL I can`t modify ST-L
is this true.?
Reply
Nithin Kamath says:

May 9, 2014 at 7:58 pm
Yep you can modify ST-L on BO and now even on cover orders(earlier was not possible).
Reply
S.Vasudevan says:
May 14, 2014 at 8:19 pm
why no mail on facility for modifying stop in cover order?

Such matters are better informed by mail as can be missed.
Reply
139. Krishnan says:

May 13, 2014 at 6:46 pm
Hi, Yesterday I placed a BO and bought @6958 with target 75 points(7033) and SL 20 Points. After buying I logged out and went to office. In the evening while going through
the contract note I shocked, both my Target and SL orders executed. and then squared off everything, and I was in unexpected loss (though not big loss).. I contacted your
team and got reply that logging out from the terminal after initiating a BO will cause such executions. I request you to please iron out this problem, otherwise people like me,
who commute to office after initiating the order cannot effectively use the system. Hope You will consider it.
Reply
Sachi says:
May 13, 2014 at 7:59 pm
How did the above happen when everything happens on the server side?
Reply
srao says:
May 13, 2014 at 11:08 pm
This is scary! Hope it gets fixed immediately, else the initial enthusiasm about BO will fade way. If Zerodha can list the known bugs which can cause such potential losses
like this, it would be a great help to traders.
Reply
Hanan says:
May 14, 2014 at 11:08 am
This isnt scary and its definitely not a bug. Its just an algo product which weve released to retail guys. We need to learn and understand how it works and utilize it
for our benefit.
Reply
Hanan says:
May 14, 2014 at 10:54 am
You need to be logged in to ZT for the algo to work because there are dependent orders for your original order. And every time a SL is modified, a new order is sent from
your system to the exchange. This is just the way the BO order system works right now. Were in talks with our developers to allow Target/SL orders to remain in the
system even if you logout, but this wont happen in a hurry.
Reply
John says:
May 14, 2014 at 6:08 pm
So if we are running the BO on our system and the internet fails (common problem with broadband or 3G) and we disconnect and reconnect back. It will square off
the orders. If this is true then it is a pretty difficult scenario and potential for unexpected problems.
Reply
Nithin Kamath says:

May 18, 2014 at 12:14 pm
John, the tech team is working on making this work even if you logout of the system, internet dropping should not cause a problem.
Reply
John says:
May 19, 2014 at 2:43 pm
Hi Nithin, Sorry for asking more queries. I am looking to use BO in a big way so I am trying to understand the technicalities a bit better.
Picking on what you replied above:
If I am logged on and the internet dies and after a few minutes it comes back; does the terminal on your end not show it as logged out?
So just to be clear, i put a BO and it is executed, now if internet fails and comes back in few minutes (or I switch from broadband to 3G) the BO will not get
affected.
I understand this is because the BO is constantly shooting orders from my desktop.
I also infer then that during the time I am not connected, the BO could do its own thing as there would be no amended orders being sent to it.
Thanks for your replies. It is a great product and I want to let you know that I have switched over from another brokerage to your firm just to use the BO in
my trading.
Thanks
John
Reply
Nithin Kamath says:

May 20, 2014 at 12:47 pm
John, there was a small issue when we released, but now it is fixed. Even if you logout or your internet gets disconnected, the bracket/Trailing SL will
continue to work normally.
Reply
Amandeep says:
May 21, 2014 at 9:53 pm
Dear Nithin,
Pl tell if we place the BO and logout and either stoploss or target hits, other order will get cancelled automatically or not.
Reply
Nithin Kamath says:

May 21, 2014 at 10:14 pm
Yes even if you logout the other order will get cancelled automatically.
Reply
140. piyush says:

May 13, 2014 at 9:46 pm
Whats the difference between (BO) & (CO) ?
Reply
Hanan says:
May 14, 2014 at 10:58 am
BO gives you an Entry, Target and SL option, with the ability to trail your SL all in just one order window.
CO gives you an Entry and SL option you can modify your SL.
The main advantage of CO over BO is that you can place a CO, switch off your system and go for a picnic if you like. For BO to work, you need to always be logged into ZT.
Reply
Piyush says:
May 14, 2014 at 1:31 pm
Thanks
Reply
141. ankush says:

May 13, 2014 at 10:30 pm
the latest zt version doesnt work on windows xp..the software gets installed but it doesnt open n fails to initialize .showing same error message ..my other colleuge is facing the
same problem ..zt latest version only seems to work in windows 7 and 8 ..kindly rectify the problem for windows xp .thank you
Reply
Hanan says:
May 14, 2014 at 11:02 am
Ankush, Windows XP was first released some 13 years ago. Windows itself has stopped supporting XP so our advice is that you need to upgrade your OS to Windows Vista
at least.
Reply
Chandra Prakash says:

May 16, 2014 at 5:56 pm
The latest ZT version is running fine on my XP system. No hitches. Ankush make sure you have a good anti virus installed on your system or have all the service packs
installed. Good Luck.
Reply
142. Amandeep says:

May 14, 2014 at 5:21 pm
Hi Nithin,
When can we expect the trailing stoploss feature activated on options and intraday stock trading.
Reply
143. V.Santhosh says:

May 14, 2014 at 8:57 pm
Hi Nithin
As regards Mr. Krishnans comments on 13 May 2014 at 06:46 PM followed by Mr.Jhon s comments on 14 May 2014 at 06:08 PM
can a solution for the time being be (till the time you resolve with your developer) by calling your support office by phone to cancel the SL part of the bracket order.
suppose the internet is disconnected and when we reconnect we find that the target is executed (or) when we set some alert we come to know that the target is executed
can we call your support office to cancel the SL part of the bracket order ? Is it possible to do? Please revert back.
Regards,
Santhosh
Reply
Nithin Kamath says:

May 14, 2014 at 10:16 pm
If you are placing a Bracket order, since the margin required is lesser it is not possible to cancel the SL part of the Bracket order.
Reply
144. Sachi says:

May 15, 2014 at 2:31 pm
Will a Bracket Order be squared off if ZT gets disconnected momentarily due to internet failure?
Reply
Nithin Kamath says:

May 18, 2014 at 12:15 pm
Shouldnt
Reply
145. paramaguru says:

May 16, 2014 at 11:26 pm
hi sir,
SL-LIMIT order activated in BO orders???
Reply

May 17, 2014 at 9:43 am
Hi Nithin
Thanks for your reply for my query posted on 14 May 2014 at 08:57 PM. Again I have one doubt, taking the example of Mr.Krishnan- originally he bought nifty @6958 and
closed his terminal. His target got executed at 7033. And then when the nifty drifted down to 6938 his stop loss SELL order got triggered and executed. Since there is no
corresponding BUY order against that 6938 sell order WHEN THE CORRESPONDING BUY ORDER WILL GET EXECUTED TO SQUARE IT OFF 6938 SELL ORDER IS IT
IMMEDIATELY AT MARKET PRICE (OR) AT 3.20 P.M AT MARKET PRICE? Further, suppose the Stop Loss is accompanied by TSL of say 2 points ,then the stop loss sell order will
get executed at 7013 ? One more question- if the terminal is shut down and re-opened will we be able to modify the stop loss order (or) we will be able to modify only when
the terminal is NOT SHUTDOWN? Your explanation will be helpful for better understanding of the product.
Regards,
V.Santhosh
Reply
Krishnan says:
May 17, 2014 at 1:47 pm
My experience is like this:

> @9.20 I initiated BO and Bought @69588. Target was 7033 and SL :6938
> I logged off and went to office ,
> @9.30 the above order squared off @6963 because SL Trailed from 6938 to 6963.
> Now, because I logged out, the Target Order Didnt cancelled automatically (which I never thought so) , but It remained in the system,
> @02.10 PM the target order executed @7033.
>@ 3.20 pm it squared off @ 7045.
It was my first BO and hence I played only 1 lot. So the loss was only rs.1250. Thank GOD.
Reply

May 17, 2014 at 4:12 pm
Dear Mr.Krishnan
Thanks for the detailed note of the transaction. I presumed the transaction in some other model. By the way the loss will be Rs.575 ( 5 points gain and 12 points loss- net 7
points loss). Whatever may be, so it will be squared off at 3.20 p.m. Now I am awaiting Mr.Nithin to clarify:
1.if the terminal is shut down and re-opened will we be able to modify the stop loss order (or) we will be able to modify only when the terminal is NOT SHUTDOWN?
Regards,
V.Santhosh
Reply
148. sam says:
May 17, 2014 at 7:32 pm
how to view weekly and monthly charts in NEST(ZT).
Reply
Nithin Kamath says:

May 18, 2014 at 12:17 pm
Check this section http://zerodha.com/z-connect/category/tradezerodha/nest-plus-for-ztrader
Reply
Giri says:
May 18, 2014 at 12:41 pm
Hi Nithin,
I want to bring this issue to your notice through email but i am doing here as i dont have your email ID.
On 16th May, i had issue connection through ZT 3.11.2.1. It always gave me User cannot login. Reason: Disconnected from NEST system error.
I spoke to someone by the name Rizvan when i faced this issue and came to know that zerodha have disabled bracket order feature in Zerodha trader 3.11.2.1 only
on that day that has caused this issue.
This guy Rizvan is not even having enough patience to understand the problem and help me. I must say that the way he addressed my call is unacceptable when i am
seeking for help. It took me more than 5mins to convince him that the problem is not with my internet and finally he took a moment to check with his colleagues and
then confirmed that they have disabled bracket order functionality that might be the reason behind this issue and asked me to uninstall version 3.11.2.1 and go for
version 3.10.57.97. Finally after installing 3.10.57.97, the terminal worked but i already lost the enough. I would have made more than 100% profit on my
investment on 16th May.
I always believed that Zerodha is very good at sending communications to its customers, but i dont know why zerodha missed notifying us about this change that has
costed me more than 50,000.
I always appreciate the way zerodha is helping the traders and will continue to do but just want to bring it to your notice.
Thanks,
Giri
Reply
Nithin Kamath says:

May 19, 2014 at 9:02 am
Thanks for letting me know Giri, will speak to Rizwan about this. Giri we had sent multiple communication about cover orders and Bracket orders wont be
allowed on Election results day because of increased volatility in the markets via email, SMS and message on terminal.
Reply
149. arti says:

May 18, 2014 at 12:49 pm
Hi nithin,
I mailed a complaint at 13-may-2014 regarding my trades as following text.

Dear Sir,
I am Arti Mittal Unique client Code MPDA1727,Trading Code no. DA1727
As for today 13- may -2014, when I compared completed order book with tradebook of 13- may-2014.
I found that exchange order no. in tradebook and comleted order book do not match. Some of them are same and some are different.
And I want to stress on one specific nifty future Buy Trade , trade time 13:33:46 13- may -2014 , which is as follows
TradeId 25523000
Tradebook exchange order no. 2014051332012300
order book exchange order no. 2014051332012305
trigger price 7159.45
trade price 7158.70
It is clearly visible , that trigger price for buying order is 7159.45 and traded price is 7158.70 ,since order is not triggered at all because market did not reach at trigger level at
that particular time, As trigger price is higher than trade price and exchange order no in tradebook and orderbook not matched.
completed order book and trade book of 13-may-2014 in excel fomat is attached for your information.
According to one minute intaday data, nifty future 29may2014 did not breach 7158 level after 13:30 to 15:30
And one minute intra day data sheet also attached
We want your response in writing through Email.
thanks
regards,
Arti mittal
I submitted this complaint to support@zerodha.com. And a Support ticket #307810 was createdOn 13-may-2014 5:33 PM . but I did not get any response from your end up to
now 18- may-2014 12:00 noon.
That s why I have to post it on Zconnect.
I hope you will respond for my complaint promptly.
Reply
Nithin Kamath says:

May 19, 2014 at 8:57 am
Will get someone to get in touch with you immediately, my guess off hand is that you must have placed a trailing SL in which case the order number keeps changing
everytime the SL order gets modified.
Reply
150. GURU says:

May 18, 2014 at 10:11 pm
SL-LIMIT order activated in BO orders???
Reply
151. Nikhil Bhavsar says:

May 19, 2014 at 6:43 pm
To Nithin,
I have been reading about Zerodha for long time before associating with you starting this month.
First of all thanks a lot for respecting retail traders!
The brokerage as well as tools you guys provided are helping a lot to maximize profits.
No more Rs. 50 per lot for buy/sell. Near real time data is giving clear picture and helping to place trades.
Thanks a lot.
Couple of suggestions:
The web platform / Z5 does not have clean interface font widgets etc are bit odd.
Could guys ivaluate options like Goolge Finance where data presentation and charting is presented in most simplified, and light weight way!
Just a suggestion.

Nikhil Bhavsar
DN0792
Reply
Nithin Kamath says:

May 19, 2014 at 9:22 pm
Nikhil, presently all the platforms are built by vendors, we are presently building somethings in house which will be available very soon. It will start first with the software
version though.
Reply
152. rajatponia says:

May 21, 2014 at 3:13 am
Hi Nitin,
Please advise as to when the BO and TSL is starting for equities. Also, what would be the margin requirement. I know your team is working hard on this, but it has been some
time that BO and TSL was announced for equities but still not started. I was looking forward for a specific date here.
Reply
Nithin Kamath says:

May 21, 2014 at 1:15 pm
27th May is what we are gunning for. The margins, will update in a bit.
Reply
153. Praveen says:

May 21, 2014 at 4:30 pm
and sir this time please try to activate Stoploss limit order so that we can buy only when price reaches our range
Reply
154. guru says:

May 21, 2014 at 10:31 pm
Dear Nitin,
many traders like me, away from BO order, only reasion is Stoploss limit order not present in BO orders.
we are awaiting for this future (Stoploss limit order), so, kindly add this future to BO orders as soon as possible.
why dont you give BO margin for option BUY? like equities. (in BO order option buy, safer side we place stop loss order so no risk involved both side)
consider this also.
best regards
guru
Reply
Nithin Kamath says:

May 22, 2014 at 6:46 am
Yes, we will soon have BO for all products.
Reply
155. John says:

May 22, 2014 at 10:19 am
Hi Nithin,
I tested BO yesterday and had put the BO for buying 2lots (100) Nifty futures. I then went and closed my order before it could reach its target price or SL by going to F3 and
clicking on Exit.
Now the brokerage that was charged to me was 60 rupees. That was the only order I did yesterday as I was testing the BO. Also the entry order was a single order and exit was
also single order. There were no other open orders to close so it was just one round trade. Also the total charges didnot match the charges shown on the Brokerage Calculator
link on your website.
Whom should I send my query so that it can be looked into to see what the issue might be.
THanks
John
Reply
Nithin Kamath says:

May 22, 2014 at 10:49 am
send it to support@zerodha.com
Reply
John says:
May 22, 2014 at 9:35 pm
Hi Nithin,
I got the following reply from your support team. I think it is incorrect that the BO is being treated as 1 order for entry but the brokerage is charged 20 rupees per lot
on exit even though the trades are for same price at same time (down to same second). This makes it very expensive once you start using BO for a big lot size trade.
I have already used the BO over 30 times in past 3 days and at all instance it was treated like above. The algorithm you use is exiting the order as single lots rather
than as a whole.
Please fix this soon as this is a bug.
Regards
John
Reply from your team:

We would like to inform you that BO is an algorithmic trading. If order executes partially, it generates two orders( limit and sl) and thus order numbers will be
different and computation will be done based on order no. Our developers are looking into this matter but till then, brokerage will be charged as per your executed
order no.
Reply
156. JS says:
May 22, 2014 at 11:01 am
What are the reasons for not accepting this order on call N Trade?
Reply
157. virubabu says:

May 22, 2014 at 9:23 pm
Hi Nithin,
I would like to know if this TSL works when the index/scrip doesnt go in ur direction.
e.g suppose i shorted Nifty 7330 with keeping absolute TSL of 10 points(i.e 7340). when Nifty moves higher to 7335 will my TSL also automatically moves to 7340+5=7345 .
Or it works only when its going in ur direction.
Thanks,
Raj
Reply
Krishnan says:
May 22, 2014 at 9:34 pm
Then what is the use of SL at all??
Reply
virubabu says:
May 22, 2014 at 10:07 pm
That I know. What I meant was if it can move the other way, we could square off our target manually.
But yes, its not feasible at all. Thanks
Reply
158. gilari decosta says:

May 23, 2014 at 2:32 pm
Sir,
From the blog,It is clear that Zerdha wil enable BO order to equities in next week.
But no comment is seen on the stop loss order buy or sell order cabability,even after many repeated requests
Can we expect it in next release or Should we wait for it long? please answer.
Decosta
Reply
Nithin Kamath says:

May 23, 2014 at 4:16 pm
Gilari, every change has to be approved by the exchange, and we are working on getting approval for entry through SL as well, but might take a while. Will keep you
posted.
Reply

May 24, 2014 at 6:56 am
Nitin Sir,
yesterday i shorted nifty 20 lots in BO.

AS the order is bigger it got split.(i.e. not executed one time).
My query:
1. First of all i shorted at 7314 though it was a limit order i got none at 7314.
it all split in 7312 and 7313.
i can understand this happening for market order but why this happened in case of limit order.?
2. while squaring off the order before the target i selected all the pending orders from the order book and pressed Exit.
As the order is split while buying it had 11 orders while squaring.

actually as i placed one order so it should have been treated as one order.
The brokerage incurred is on 12 trades i.e. 120 Rs.
Sir dont u think there is some problem?
actually if bigger order gets split it places separate order of SL and Target. Eventually At the exit it increases the no. of trades and due to it the brokerage.
waiting for your reply and the Resolution.

Thanks
Reply
Nithin Kamath says:

May 24, 2014 at 11:40 am
Rohit,
1. If you place a limit order to buy at a higher price then the market price, it will get bought at whatever the market price. If you want to buy only above 7314 when
market is trading lower, you need to enter using a SL order with trigger at 7314. Check this post on SL.
2. I guess you were using trailing SL, when you use trailing SL, if the order gets executed in parts it will go to the exchange as different order numbers. Since we charge
based on executed order numbers, it will be charged separately. If you were charged Rs 120, I guess it is on 6 executed orders. As of now if one order is executed in
multiple trades, there is no extra charge, but if there are multiple executed order, it will be charged separately, atleast for now. Will keep you posted on this
Reply
rohitpatil says:
May 24, 2014 at 10:23 pm
thnak u sir for ur reply.
But sir i was using SL of 99 points and target of 99 points. no question of Trailing SL.
i made mistake in order calculation. those were six.
my order while Shorting got split like : 50+50+50+150+50+100+150+150+100+50+100=1000
the same way it had placed target and SL orders in order-book.
while squaring off the order before the target i selected all the pending orders from the order book by Ctrl+A and pressed Exit.
but magically it never took all as separate trades but few at a time and finished buying in 5 orders
like : 50+(150+50+50)+10+150+(50+50+100+150+100)=1000 here bracket indicates clubbed order.
1. firstly it should not place the separate order of each split of the big order.
2. if it did that then how automatically it clubbed the order randomly?
actually those should be 11 square of orders but it made it to 5. Why?
Im sorry for raising my query again. but im really concerned about it.
if u need i can send u my contract note.
but plz solve my doubt.
Reply
Nithin Kamath says:

May 25, 2014 at 10:39 am
Rohit, can you email nithin@zerodha.com and venu@zerodha.com with your contract note. Will get back to you after having a look at it.
Reply

May 25, 2014 at 11:36 am
Sent u the mail.
Reply
161. S.Vasudevan says:

May 26, 2014 at 3:42 pm
Where to find balance margin after a trade?

Now only MTM is showing after closing a trade in the 3.11.2 version unlike the older version where margin after initiating a trade was available
Thanks
Reply
162. MRP says:

May 26, 2014 at 7:33 pm
I agree with Mr. Rohit Patil
Please look into this matter

Same problem with me
BO activated for Stock Future?
Reply

May 27, 2014 at 9:09 pm
Hello, I am going to open an account with you, and one of the reasons I have decided to open it with you is your Bracket Orders
I however have one query reg. TSL and Trailing Ticks combination, which I hope youll find easy to address..
Lets say I place following BO:
Buy NIFTY @ 7400

Target 20 points (7420)
TSL absolute 10 points (7390)
Trailing Ticks (absolute) 5 points.
Does this mean my SL jumps up 5 points each time Nifty moves up by a quantum of 5 points, or that only for the first revision of SL, Nifty has to move up by 5 points? After
first revision of SL, will SL keep revising upwards with every fraction of a point Nifty moves in favourable direction?
For example, I understand that when NIFTY moves to 7404.90, my SL stays at 7390, but as soon as it touches 7405, my SL revises to 7395. However what I want to
understand is, when NIFTY moves further to 7406, does my SL revise to 7396, or will the system wait again for another full 5 points NIFTY movement to 7410 before SL jumps
to 7400 from 7395?
So, is the Trailing Ticks only an initial threshold for SL to revisefor the first time, or does it always work in packets of specified points?
Thanks
Reply
Nithin Kamath says:

May 28, 2014 at 4:02 pm
Yes everytime Nifty moves up by 5 points your SL will go up by 5 points. After this move, Nifty has to again move by another 5 points upwards before your SL is modified
higher.
In your example when Nifty moves to 7406 nothing happens, but if Nifty goes to 7410 your SL automatically become 7400.
Hopefully clarifies
Reply
164. satyam singh says:

May 28, 2014 at 9:16 am
I want to open account with you due to bracket order.

Please clear the date on which you are going to start BO in equity.
Earlier you mention that 27 may is the day but it is not started on that day.
Reply
Nithin Kamath says:

May 28, 2014 at 11:50 am
Satyam, stock futures started yesterday, equity will be live from tomorrow.
Reply
Nithin Kamath says:

May 28, 2014 at 4:15 pm
Starting tomorrow
Reply
165. Rahul says:

May 28, 2014 at 12:03 pm
hi sir,
M still waiting this BO for Option buying. so please confirm me the expected date.
Reply
Nithin Kamath says:

May 28, 2014 at 4:16 pm
Options might take another week to 10 days.
Reply
166. GURU says:

May 28, 2014 at 2:41 pm
Dear Nithin Kamath
Why dont you email notice to your customers, for New product and New segment updations Like BO stock futures started etc.
only i Know stock futures started yesterday, from your replay to Satyam.
any good news about BO SL-L and SL-M order????
Best regards
M.Paramaguruparan
Reply
Nithin Kamath says:

May 28, 2014 at 4:16 pm
Guru, we are waiting for the product to be completely up and running before announcing to all our clients.
Reply
167. MRP says:

May 28, 2014 at 4:26 pm
I agree with Mr. Rohit Patil
Please look into this matter
Same problem with me
BO activated for Stock Future?
Reply
168. Mystique says:

May 29, 2014 at 12:08 pm
Can i request Zerodha to create a Z-Connect page to announce new features and upcoming features. Users can also comment on the page requesting new features.
This way users can keep tab on what is missing and what is upcoming and Zerodha will also know what features are requested the most by users. and what is acting as a pain
point for many.
Reply
Nithin Kamath says:
May 29, 2014 at 12:31 pm
We are working on putting up a new technology page on our website which will have list of all features that are announced or going to come up. We will not be able to take
comments on that though, for that you will still need to on Zconnect page.
Reply

May 29, 2014 at 10:32 pm
Will you plan to introduce BO for off-market hours order placement (with SL-L price)? Will you introduce SL-L facility during market hrs? Are the above technically/legally
possible?
Reply
Nithin Kamath says:

May 30, 2014 at 6:43 am
Off market will most likely be not possible,but we are trying to get approvals for entering using a SL.
Reply
170. arkind13 says:

May 31, 2014 at 12:20 am
Bracket order has not been enabled on my account. I sent a mail to rms@zerodha.com to have the same enabled. I got a response the same is done and I need to log out and
re-log in. When I do the same it is still not enabled. Could you please check and advise on the same.
Reply
Nithin Kamath says:

May 31, 2014 at 9:04 pm
Have you downloaded the latest version of ZT?
Reply
arkind13 says:
June 1, 2014 at 9:53 am
Hello,
Yes, my current version is 3.11.2
Reply
Hanan says:
June 2, 2014 at 9:02 am
Log off and login again. Weve increased your scrip limits again. If it doesnt seem to have increased even after log off and login, youll need to call our support
desk on 080-40402020 for some troubleshooting.
Reply
171. JS says:
May 31, 2014 at 10:41 am
Where I get the ZT versions of 3.11.2 version? Currently in download section ZerodhaTrader_V.3.10.57.97.7 only available. Also sent mail to terminals@zerodha.com.
Reply
Nithin Kamath says:

May 31, 2014 at 9:11 pm
We will have this updated in the download section monday morning, you should also get an email from terminals@zerodha with the installation as an attachment.
Reply
172. kepler says:

May 31, 2014 at 6:46 pm
Can you explain the two columns in Trailing Stop Loss. Can I trade on equities using the BO and TSL? If I can, then what should be the values in both the columns?
Reply
Nithin Kamath says:

May 31, 2014 at 9:20 pm
Yes you can trade equity and everything other than commodities are enabled for bracket orders.
The values are similar to like what is given above for Nifty. So if you choose the tick option 1 tick is basically 0.05. So if you want 50 paise SL you can click on ticks and say
10. If you are choosing absolute and want 50 paise SL, you need to mention 0.5.
Reply
kepler says:
June 1, 2014 at 4:08 pm
Thank you very much.
Reply
173. RM1064 says:

May 31, 2014 at 9:43 pm
Hi Nithin
Pl Tell if we can put stoploss or target price in paisa also e.g. 1.25 or .2
Reply
Nithin Kamath says:

May 31, 2014 at 9:45 pm
Yeah you can choose absolute and mention 1.25, so that would Rs 1.25 as SL and if you choose 0.2 that would be 20 paise SL.
Reply
174. RM1064 says:

May 31, 2014 at 9:54 pm
Thanks Nithin for the reply.
Then pl let us know whats the difference in absolute and tick.
Reply
175. vko says:

June 2, 2014 at 9:56 am
@Nithin The BO/CO margin calculator is all screwed up (not sure if its just today, or its been like that for I havent traded last week). The calculator says I need INR 1017 to
buy 255 shares of SAIL at 90.60 with SL 89.60. The CO order gets rejected saying margin required is INR 1062.15. This is ridiculous, I missed out an opportunity due to your
faulty margin calculator! Please either fix it, or remove it altogether.
Reply
Nithin Kamath says:

June 2, 2014 at 3:44 pm
Vko, Margin requirements from exchange can keep changing on a live basis, and there is a possibility that the actual margin requirement might be 5% away from what the
calculator shows. So do factor in that the requirement might be + or 5% from what is shown in the calculator.
Reply
176. R.Manojmurthy says:

June 2, 2014 at 5:34 pm
Sir,
I am download today unfortunaitly wouldnt shown backet order sub column and another way also I will try it shift+F3 & shift+F4 so clear my doubt
Reply
Nithin Kamath says:

June 2, 2014 at 8:15 pm
Which version of ZT are you using? you have to use the latest version for this.
Reply
177. Sachi says:

June 2, 2014 at 8:19 pm
Hi Nithin,
Have you reduced the leverage for BO from around 70x to 58x?
Reply
Nithin Kamath says:

June 3, 2014 at 7:27 am
Sachi, yes it has come down slightly. This has got to do mainly as Nifty has bounced almost 10% from the example I have given.
Reply
178. sandeeb says:

June 2, 2014 at 9:11 pm
Hi Nitin- Two questions

1-Can i add the BO functions onto my toolbar for a one click execution.
2- Can i change the shortcut key assigned for BO ie if i want to replace shift+f4 with say ctrl+z ?
Reply
Giri says:
June 3, 2014 at 9:20 am
Yes, you can. Go to preferences -> Shortcut Manager or just Alt+H
Reply
Hanan says:
June 3, 2014 at 9:27 am
Sandeeb,
1. We dont have a shortcut widget/icon for bracket orders. You can only do a regular buy/sell from the toolbar directly.
2. You can change any shortcut key to anything you like by going to the Hotkey Manager (Alt+H).
Personally, I recommend getting quick with shortcut keys as they help you execute orders faster. Clicking with the mouse and then filling in numbers with the keyboard
wastes valuable microseconds.
Reply
Sandeeb says:
June 3, 2014 at 10:11 am
Thanks Hasan. I was unable to modify it though through the hotkey manager application. Can u pls help me do this
Reply
Hanan says:
June 3, 2014 at 12:35 pm
Well, its very easy to do this. First, open the Hotkey Manager window by pressing Alt+H. Once the window is open, scroll to search bracket orders, or simply
press Ctrl+F on the hotkey window. Once you have the search function active, search on the Townd column for Bracket. Check out the screen shot below. Once
youve selected the row, double click it to make it editable.
Reply
VINITSRR says:
June 26, 2014 at 1:14 pm
I had the same doubt,so i contacted customer care to help me out to change BO buy and sell keys from Shift F3 &F4 to Num+ and Num-.
Their response is it is not possible to change Buy/Sell options as they are Global keyswhile others can be changed.
Just wanted to confirm with you Hanan whether its TRUEcoz as per your above comment all keys can be changed to any shortcut.
Reply
Hanan says:
June 26, 2014 at 7:44 pm
Well, Vinit, all keys can be changed. However, our staff has been advising a few clients to not change because the clients may not know how to make
such changes happen. If you are a pro user of computers, I think it should be fine.
Reply
VINITSRR says:
July 2, 2014 at 2:43 pm
Hii Hanan,Yes Iam a pro user of computers so I will be perfectly fine with the new keys.I have been trying hard from few days to change these keys but
cant do so.Can you ask someone from technical dept. to help me change these keys via remote access(teamviewer).
Client id:DV0865.
Thanks you.
Reply

June 3, 2014 at 7:07 am
Have bracket order been enabled for scrips other than NIFTY and BANKNIFTY? If no when will they be enabled?
Reply
Nithin Kamath says:

June 3, 2014 at 7:15 am
Yep they are enabled already
Reply
Joe says:
June 3, 2014 at 2:49 pm
BO has been enabled for general use or we have to make a request for getting it enabled? Secondly when is it going to be enabled for the cash market scrips?
Thks
Reply
Nithin Kamath says:

June 3, 2014 at 5:06 pm
You just have to download the latest version of ZT from our website and send an email to terminals@zerodha.com to enable. Yes available for cash market scrips.
Reply
180. Gilari says:

June 3, 2014 at 2:55 pm
Hi Nithin
Has the BO been enabled for OPTION also ?
Decosta
Reply
Nithin Kamath says:

June 3, 2014 at 5:09 pm
Only for option shorting .
Reply
Varun says:
June 4, 2014 at 11:00 am
Nithin, I tried option shorting using BO today and got an error (posted it in another comment below), when I raised the query to support team they informed me that
the bracket orders for options are not enabled yet? But your comments above seems to suggest that its active??
Whats the exact status of this and when can we expect this to be activated?
Varun
Reply
Nithin Kamath says:

June 4, 2014 at 1:25 pm
Varun, just placed an order, seems to be working, can you send an email to terminals@zerodha.com with your client ID.
Reply
Varun says:
June 5, 2014 at 10:04 am
Hi Nithin,
I was able to place the order after you checked, wonder why the support staff is not aware that the bracket orders for options is now available?
On another note, I mostly use the web platform for trading coz the software version doesnt work from my office. I have noticed for quite sometime now
that in the dropdown box where we select MIS and NRML, two new options for BO and CO are now available.
Out of curiousity, I tried to use the BO mode and placed an order to write some options. Immediately after I entered the sell order, I noticed in the order
book, that there were corresponding reverse orders placed by the system (I sold 18 lots of options and saw 4 revers buy orders executed automatically (for
1 lot, 4 lots, 6 lots, 4 lots I hope that doesnt mean I get charged brokerage for each of those orders separately?)
later I went back to my normal and familiar MIS trading mode, however, to my surprise when I checked the position book, I noticed that out of the 18 lots
that I sold using product code BO, only 15 had been squared off, and the remaining 3 were still pending. The support guy at the call-n-trade had very little
clue on what to do, but after trying Partial Square Off, and then another sell order (dont want to go into details of those), I was able to get my net qty to
0 for both the product types.
Can you look into these issues:
1) If BO is not ready on web platform yet, better reject the order if anyone tries to test it out, like I did today, or remove the option from the dropdown all
together.
2) Provide some more information to the support staff on these issues and how these can be fixed.
1) If the BO option can actually be made functional like it works in the software version, it would be really useful but without all the bugs please
Thanks
Varun
Reply
Nithin Kamath says:

June 5, 2014 at 10:39 am
Varun, avoid using BO on the web for now, will have it removed from the web version until it is completely tested. Thanks for pointing this.
Cheers,
Reply
181. Amandeep says:

June 3, 2014 at 10:52 pm
Hi Nithin
Whats the minimum tick for trailing sl in case of stock futures eg u have mentioned 2 points in case of nifty futures in example given by you
Reply
Nithin Kamath says:

June 4, 2014 at 10:22 am
20 ticks or 1 point
Reply
182. maddy says:

June 4, 2014 at 1:29 am
what is main hurdle in the BO FOR OPTION BUYING
Reply
Nithin Kamath says:

June 4, 2014 at 7:02 am
If we allow, then leverage will get provided for option buying as well, which we dont intend to as it is a big hazard in waiting for our risk management. We are working
with the tech team to allow for option buying and have no leverage as well..
Reply
183. MP says:
June 4, 2014 at 9:47 am
please enable BO for option buying without margin benefit.
Reply
184. Satish Prabhakar says:

June 4, 2014 at 10:36 am
the latest version of zt is still not available in the website. when will it be uploaded?
Reply
Nithin Kamath says:

June 4, 2014 at 12:44 pm
It is in the download section, you can click this link to download.
Reply
185. rahul says:

June 4, 2014 at 11:49 am
while writing option using bracket order I get

NFO LIMIT ORDER failure Status:rejected Rejection Reason: RMS:Blocked for OPTIDX nse_fo BO block type: ALL
Reply
Nithin Kamath says:

June 4, 2014 at 1:24 pm
Just checked seemed to be working, can you send an email to terminals@zerodha.com with your client ID.
Reply
186. MP says:
June 5, 2014 at 10:16 am
Hi Nithin,
Many thanks for enabling BO for option buying.
Reply
187. Vijay says:

June 5, 2014 at 5:40 pm
Hi Nitin,
Please confirm Bracket order is available for Options buying?
Reply
Nithin Kamath says:

June 5, 2014 at 8:54 pm
Yes available, but without any leverage
Reply
veera says:
June 12, 2014 at 6:18 am
Wow. Great.. Thanks
Reply
Vijay says:
June 6, 2014 at 1:42 pm
Thanks Nithin,
Would you please elaborate on without leverage. Could not get it.
Reply
188. Rahul says:

June 5, 2014 at 8:43 pm
Hi Nithin
Thank you very much to enabling BO for OPTION.
I was desperately waiting for it.
i just tried just for sample and what?? its worked. great job.
Reply
189. coolblr says:

June 6, 2014 at 9:18 am
@Nithin, It is good to see we have the BO in the platform now and I got it enabled couple of days back and I was looking at the options available. I was wondering if you could
ask the dev team to add SL order for the initial buy/sell order, so if I would like to buy or sell above/below certain breakout/down levels the order gets filled and then the target
and SL of the BO in place.
Cheers!
Reply
coolblr says:
June 6, 2014 at 9:24 am
Also, it would be great to have OCA type orders now that we have BO in place, so I would be able to place the target/SL order with OCA and one gets cancelled when other
is executed.
Reply
Hanan says:
June 6, 2014 at 12:52 pm
Yes, this is definitely on the cards. Were in talks with our developers and well see how we can have this done at the earliest.
Reply
190. Sougata Mandal says:

June 6, 2014 at 2:09 pm
@NithinI have seen that in Bracket order suppose the entry order is executed in n number of different trades, then the corresponding two exit orders are also placed as n
number of separate orders. So in this scenario when we want to modify our profit target order then can we modify the target price for all the profit target orders together or we
have to modify the n number of profit target orders one by one?? (which is really time consuming if the number of profit target orders are large)
Reply
Hanan says:
June 6, 2014 at 6:25 pm
The logic behind bracket orders is fairly simple: every executed trade should have a target and SL order sent out immediately. Lets assume that you want to buy 1000
quantity of Nifty. If only 200 get bought and then suddenly Nifty crashes and falls 50 points (very possible), would you not want to have had an SL for this trade?
The problem with coding for something like this is that you cant know at what price how many may get traded, and you definitely cannot risk not having a target or SL for
something that has already been traded. We have only this way to work right now.
Reply
191. dins says:

June 6, 2014 at 5:15 pm
dear sir,
1. (when we are placing an order we can see the IOC) What is IOC in the validity box.?
2. why LTP and ATP are given in the square off part?
3. What is the minimum value of the trailing stop loss and stop loss for different equities?
Reply
Hanan says:
June 6, 2014 at 6:46 pm
1. IOC = Immediate or Cancel. Use this to execute your order immediately or cancel it if all quantities dont get traded.
COL = Cancel on Logoff. Order will be cancelled when you log off if the order hasnt been executed.
2. LTP and ATP (Last traded price and Average traded price) are the two options given to you from where you can have your exit strategy. If you choose LTP, it will exit
from that many points/ticks from LTP. And if you use ATP, it will exit a similar way from ATP.
3. Well, the minimum value for a trailing SL and SL is 20 ticks or if you choose absolute it is 1 point.
Reply
192. agsuresh says:

June 7, 2014 at 12:19 pm
I had installed 3.10 version. Should I uninstall it first before installing the 3.11 version or can I install over the existing one?
What exactly are the differences between these two?
thks
Reply
Nithin Kamath says:

June 7, 2014 at 1:34 pm
Yeah, first uninstall the earlier and then install the new one. The new one has brackets and trailing SL on it.
Reply
193. Mony says:

June 7, 2014 at 9:27 pm
Is BO enabled on MCX-SX Currency as well ?
If so, 1) whats the minimum Trail-Stop value (for eg, for USDINR)
2) SL & TP defined only interms of Ticks ? or How does Absolute value work ?
Thanks!
Reply
194. Mony says:

June 7, 2014 at 9:32 pm
BTW, on your upcoming platform, are NSE-CDS/Currency (NSE-USDINR) Charts made available ?
Reply
Nithin Kamath says:

June 8, 2014 at 12:35 pm
Yes, u will get the currency charts.
Reply
195. Mony says:

June 7, 2014 at 9:40 pm
Nithin, you mentioned that upcoming platform is likely designed on the lines of MT4, tradable from charts itself!
So, by default CO & BO would be available for retail traders ?
And, would it be possible for basic cross-platform integration, like atleast portability of MT4 indicators/scripts to your platform, for TA strategy design ?
Thanks!
Reply
Nithin Kamath says:

June 8, 2014 at 12:36 pm
Will keep you posted on all of this as soon as we announce our release.
Reply
196. dins says:

June 7, 2014 at 9:51 pm
the minimum value for a trailing SL and SL is 1 point for different equities. but
if the share value is 50 rupees means :; it is 2 % of the share value. that is too higher.
is there any other solution for this problem?
Reply
Nithin Kamath says:

June 8, 2014 at 12:37 pm
Yeah dins, that is a limitation for lower valued shares, we are trying to figure a way out for this. The problem with keeping lesser number of ticks is that, there will be too
many orders getting modified every second, which can put stress on the system. Will keep you posted on this.
Reply
197. Suresh Vasudev says:

June 8, 2014 at 10:59 am
I have a question related to BO , but I have not received a convincing answer from the support team. So I am posting it here as it will be informative to others also .
Assume that I placed a BO for Nifty as follows : Buy NIFTY at 7580, SL at 7500 and Sell at 7650 with a TSL of say 25 Absolute. Assume that the trade got executed and current
price is 7625. The trade is not yet closed as my target is 7650.
Now my analysis tool give me a Sell Signal for Nifty and I want to place another BO: Sell NIFTY at 7625, SL at 7675 and Sell at 7550 with a TSL of say 25 Absolute. Does this
order will be a new order or whether it will square off the previous order ?
The Ideal case I am looking for there will be 2 Orders : One Buy Nifty and One Sell Nifty? is that the case?
Or the second order will be treated as a Square off of first order?
Reply
Nithin Kamath says:

June 9, 2014 at 12:02 pm
Suresh, it will cancel out each other, but there will be 2 trail and 2 exits which will remain pending.
Reply
Shank says:
June 11, 2014 at 8:38 pm
in response to suresh vasudev, you said 2 trail and 2 exits are pending, does that mean we have to cancel these orders and they would cause no trades?
Reply
Nithin Kamath says:

June 12, 2014 at 1:19 pm
Shank, actually you cannot cancel these 2 pending trail and exits, so you will have to exit them separately by clickin on exit option in the order book. This will
result in 2 new opposite trades. So it is best to not place opposite BO positions on 1 contract.
Reply
198. Mony says:

June 8, 2014 at 5:34 pm
Nithin, I guess you missed my 1st Q;
Is BO enabled on MCX-SX Currency as well ?
If so,
1) whats the minimum Trail-Stop value (for eg, for USDINR)
2) For Currency, is SL & TP defined only interms of Ticks ? or How does Absolute value work ?
Thanks!
Reply
Nithin Kamath says:

June 9, 2014 at 11:52 am
No not enabled for MCX-SX currency
Minimum trail is 1 tick which is 0.0025
Both ticks and absolute, but if you choose absolute 1 will mean Rs 1, and hence best not to use absolute while trading currency
Reply
199. Varun says:

June 8, 2014 at 6:00 pm
Nitin, can you give any tentative dates on when you expect the new software to be available?
Reply
Nithin Kamath says:

June 9, 2014 at 11:49 am
Varun, depends on exchange approvals, will keep you posted.
Reply
200. Gilari says:

June 9, 2014 at 11:25 am
Sir,
Is it necessary to keep the zerodha desktop terminal open for the functioning of BO & TSL order
Please replay
Decosta
Reply
Nithin Kamath says:

June 9, 2014 at 11:48 am
No, not required
Reply
201. RM1064 says:

June 9, 2014 at 10:36 pm
Hi Nithin,
1 point for a share which is of 50 Rs means 2% movement or a 20 re share means a movement of 5% which is not possible in intraday. So that means there is no use for
trailing stoploss if the value of share is low.
Reply
Nithin Kamath says:

June 10, 2014 at 7:05 pm
Yes, if the value is less it is not possible for now.
Reply
202. RM1064 says:

June 9, 2014 at 10:41 pm
Hi Nithin
is there any option to check after market closed that what was the original SL and trailing SL ticks which we have given at the time of placing the original order in BO.
Reply
Nithin Kamath says:

June 10, 2014 at 7:10 pm
Yes, in the order book, go to completed orders, double click on the particular order and you will be able to see the entire trail of all the BO and TSL
Reply
203. Varun says:

June 10, 2014 at 2:02 pm
Hi Nitin, I think this question has been raised by a few other traders as well I looked at my contract note yesterday, wherein I used BO for a fairly large number of lots. Since
the order doesnt get filled in a single order, every time it fills an order (even if its a single lot), it triggers two orders the SL and the target price. Since one doesnt practically
has a control on how many trades would be eventually be completed in, it becomes slight expensive, and less attractive to use the BO feature for anything more than a single
lot (coz you MIGHT even end having 10 orders for a 10 lot order). Would you look into this? Possibly charging a flat brokerage amount as soon as a BO order is placed, and
equal amt when the BO order is completed (either when all the TSL orders or all the target orders have been completed (or cancelled) ) ?
Reply
Nithin Kamath says:

June 10, 2014 at 7:17 pm
Varun, this is like an algo and our running costs in terms of licensing and server utilization is much higher. So, this will probably cost you a little higher. Also, technically,
there is no way for us to track and bill based on the first original order, atleast for now.
Reply
VTrade says:
Any thing changed on this as of today 5/9/2015?Please reply.
Reply
Nithin Kamath says:

No change
Reply
204. dins says:

June 10, 2014 at 3:55 pm
the intraday span margin for sell 7500 CE is 13348. (33370 x 40 %).
but the CO margin for selling 7500 CE is 18963.
why is the CO margin is higher?
Reply
Nithin Kamath says:

June 10, 2014 at 7:20 pm
It shouldnt be, how did you calculate this 18963 dins? Because on the BO&CO calculator it shows me around 9500
Reply
dins says:
June 11, 2014 at 4:07 pm
thank you, you are right
Reply
205. rahul says:

June 10, 2014 at 9:20 pm
when stock option writing using BO will start ?
Reply
Nithin Kamath says:

June 10, 2014 at 9:28 pm
Rahul, it is available already.
Reply
rahul says:
June 11, 2014 at 10:00 am
I asked support they told me it is currently only available for index option
Reply
Nithin Kamath says:

June 11, 2014 at 11:50 am
No, it is available for intraday equity, F&O and Currency now.
Reply
rahul says:
June 11, 2014 at 11:34 pm
I can only able to write index option. For stock option it is giving margin error. Support said that currently it is enabled for index option only
Reply
Nithin Kamath says:

June 12, 2014 at 1:52 pm
Yes Rahul, stock options are not allowed, mainly because of the liquidity issues.
Reply
206. RM1064 says:

June 10, 2014 at 9:45 pm
Hi Nithin,
I contacted your customer care and they told that we can put trailing stoploss for minimum 5 paisa for Stock Futures but its not working.
Reply
Nithin Kamath says:

June 10, 2014 at 9:59 pm
RM, if you see the blog there is a minimum SL which is 20 ticks or 1 point, will speak to the person you spoke to and train him on this.
Reply
207. RAJ says:

June 10, 2014 at 9:50 pm
Hi Nithin,
2 weeks before I had made this BO-CO facility enabled on my terminal. Today I tried to trade one lot ( Placed Buy order NF @7610). But to my surprise, it gave me the
following error:
RMS:Margin Exceeds,Required:439895.69, Available:21188.61 for entity account-DR0269 across exchange across segment across product.
One more thing, modifying CO trades is not being allowed on Web version. any updates on this as in office ZT isnt accessible.
Thanks,
Raj
Reply
Nithin Kamath says:

June 10, 2014 at 9:57 pm
Raj, it is best to send these as email to support@zerodha.com, it is individual issues and they can sort it out for you.
Reply
RAJ says:
June 10, 2014 at 10:25 pm
sure Nithin,
Thanks for the quick response. I will send out a mail right away.
And about the CO trades modifying from Web?
Thanks,
Raj
Reply
Shan says:
Did you resolve this?
Reply

June 11, 2014 at 8:01 am
@ Nitin
1.> IS the problem for multiple Sl And Target order for split bigger order is addressed?
2.>when i raised this query and mailed u i got the call frm Mr. Hari. i dont remember it perfectly now
he said it is the Beta product and dont go for bigger orders till now?
if we can not use it for bigger orders then wht is the use of it if we can not utilize it for greater margins ?
3.> is it really a BETA product?
4.> Multiple orders for Split order means greater brokerages and main thing is it becomes very tedious to handle it.
5.> Why cant we have it like the Normal or MIS orders as A one order Whole.
It would be of great Help. to all of us.
Please look in to this.

I greatly appreciate your efforts to bring such a product for the retail traders.
But lets make better.
Looking forward.
Reply
Nithin Kamath says:

June 11, 2014 at 11:44 am
Rohit,
The way brackets work across the world is that as and when a portion of the original order is executed, a new SL and Exit order is placed. It cannot really wait till the
entire order gets executed. It is no more beta, it has been tried and tested. As far as charges go, if an order is split into multiple parts, it will be treated as a separate
order and billed accordingly. Brackets and trailing are more expensive for us to run than normal orders.
Reply
rohitpatil says:
June 12, 2014 at 10:27 am
thank u for ur kind reply
Reply
Spr Falcon says:

June 12, 2014 at 5:43 pm
Hi Nitin,
In that case, will it also be unmanageable for the software to modify one TSL+Target order instead of placing multiple orders? For example : Let us say a BO order of
100 lots are placed. The first execution is of 2 lots and a corresponding order is placed by the system. Next trade is of another 20 lots. The system instead of placing a
fresh order can modify the first order to 22 lots. This can go on till the entire order is executed.
You need to work out a solution for this because apart from higher brokerage (consider that a BO of 100 order could end up costing 2000 against 20 otherwise), it
also is going to be cumbersome and time-consuming, if these orders were to be modified.
It will be great if you could have the system place a single order at the end of the trade execution.
Thanks,
SF
Reply

June 11, 2014 at 11:46 am
@ Nithin
First of all I want to thank you for introducing Bracket Order. This is really awesome. But I am little bit worried about the handling of multiple orders in case of trading large
quantities (like few other traders mentioned here). Please do not take this as my complaint against your product. We all know this Bracket Order is an revolutionary introduction
from your side. I just want to mention few points.
1. Suppose we are buying 500 quantities of any future contract and the order gets executed in 8 different trades, then there will be 8 different SELL (SL) orders and another 8
different SELL (Profit Target) orders. Its ok, no issue upto this and this concept is really helpful for managing risk.
2. But now if we want to modify the profit target at some point in time and want to exit the trade quickly (not using EXIT option), then we will have to modify it 8 times for 8
different SELL (Profit Target) orders and this is really time consuming and I am little bit worried about this. This is where the handling of multiple orders is becoming painful.
The same problem will arise if someone wants to modify the SL price, then he or she will have to modify it 8 times for 8 different SELL (SL) orders.
3. But if this modification of pending orders (like modifying the Profit Target price or SL price) can be done from one place and the modification gets reflected in all the
corresponding pending orders, then this issue could be resolved without affecting the inherent logic of Bracket order. Lets take the above example where we want to modify the
Profit Target Price for entire 500 quantities. Now if we can make modification from one place (there can be an option of MODIFY ALL or something like that) and the target
price gets modified automatically for all the 8 pending Profit Target Orders, then traders can save some valuable seconds at there end. And this would not even affect the logic
of Bracket Order i.e for every executed order there must be one SL order and one Profit target order.
4. I earnestly request you to please look into this matter and if you can take my point number 3 into your consideration, then it will be really helpful. Thank you very much. Will
be eagerly waiting for your valuable reply on this.
Reply
210. deva says:

June 11, 2014 at 11:46 am
I hate this fucking asshole software completly.Why are you not develop a new trading software like metatrader 4 or 5.
Reply
211. Peter says:
June 11, 2014 at 1:41 pm
@Nithin
I didnt find this option Whether this option is available in Z5 ? I use OS X (Apple) / RedHat Linux no windows no IE.
Reply
Nithin Kamath says:

June 11, 2014 at 4:13 pm
Peter, this is available only on the desktop version for now.
Reply
212. Aman says:

June 11, 2014 at 4:03 pm
Hi Nithin
I think we all traders are happy from the brokerage structure you are charging as you were the first broker to start a flat fee but now a days there are many brokers who are
charging monthly fee and one can do unlimited trading in any segment.
Are you looking of charging Fix monthly fee for unlimited trading to your customers.
Reply
Nithin Kamath says:

June 11, 2014 at 4:14 pm
Aman, had answered the same question here: http://tradingqna.com/2523/introducing-monthly-lifetime-brokerage-frequency-regular
Reply

June 11, 2014 at 4:41 pm
Dear Zerodha Team.
Is the SL-L or SL-M facility for placing the BO order (even if it is in Market hours only) operational? If not, when can we expect it?
Reply
Nithin Kamath says:

June 11, 2014 at 6:55 pm
Not yet, will take a bit to get this approved.
Reply
214. Niranjan Sardeshpande says:

June 11, 2014 at 6:11 pm
Is this option available on web platform ZT Terminal .. bracket orders Also I have observed that alerts in Zerodha dont hit the mobile .. as and when they are triggered ..
only email works .. even though there is mobile sms alert. can you check that
Reply
Nithin Kamath says:

June 11, 2014 at 6:57 pm
Niranjan, available only on desktop version and yeah SMS alerts dont work, we are looking at offering this to people who are ready to pay for the cost of SMS very soon.
Reply
215. Sreedhara Murthy says:

June 11, 2014 at 10:24 pm
Supposing I place a Bracket Order for Nifty 7700 Call Option Jun 2014 @ Rs.84/-, Target Rs.94/- Stop Loss Rs.80/-, Trailing SL 20 ticks (1 point). My question is when the
Trailing SL will be triggered. Whether for trigger to get activated, it has to fall till the Stop Loss of Rs.80/- or nearer, In case the rates go on increasing from the entry point till
Rs.90/- and starts falling down, will my profit of Rs.6/- (earned upto Rs.89) is protected?
Reply
Nithin Kamath says:

June 12, 2014 at 1:49 pm
Trailing will be triggered as soon as the value of your option goes up to 85 (20 ticks) SL would now be 81, If option goes 90 your SL would now be 86 (remember that
while placing the order you had chosen 4 points as SL). So in case the option goes to 90 and starts coming down, it will get executed at 86 and protecting you Rs 2 of your
profit.
Hopefully clarifies
Reply
216. Shahnawaz Shaikh says:

June 12, 2014 at 10:29 am
Hello Nitin Sir,

I really appreciate the effort you and Zerodha team make for the traders like us. And this new addition on Bracket order and Trailing Stoploss was much required tool for the
trader, for which i will like to thank you a lot!
I have downloaded the Zerodha trader 3.11.2.1 beta version and tried to install it but it failed to install. I have Windows 8.1 as my OS. Is it only me or many trader face same
problem.And do this version of trader work fine for others on WIndows 8.1?
Reply
Nithin Kamath says:

June 12, 2014 at 2:04 pm
Yes it works, right click on the application and click on Run it as an administrator, if it is still not working send an email to support@zerodha.com
Reply

June 12, 2014 at 10:41 am
Hi Nithin,
I am one of your Zerodha Clients. I think you might have missed my yesterdays post, so I am again writing to you
First of all I want to thank you for introducing Bracket Order. This is really awesome. But I am little bit worried about the handling of multiple orders in case of trading large
quantities (like few other traders mentioned here). Please do not take this as my complaint against your product. We all know this Bracket Order is an revolutionary introduction
from your side. I just want to mention few points.
1. Suppose we are buying 500 quantities of any future contract and the order gets executed in 8 different trades, then there will be 8 different SELL (SL) orders and another 8
different SELL (Profit Target) orders. Its ok, no issue upto this and this concept is really helpful for managing risk.
2. But now if we want to modify the profit target at some point in time and want to exit the trade quickly (not using EXIT option), then we will have to modify it 8 times for 8
different SELL (Profit Target) orders and this is really time consuming and I am little bit worried about this. This is where the handling of multiple orders is becoming painful.
The same problem will arise if someone wants to modify the SL price, then he or she will have to modify it 8 times for 8 different SELL (SL) orders.
3. But if this modification of pending orders (like modifying the Profit Target price or SL price) can be done from one place and the modification gets reflected in all the
corresponding pending orders, then this issue could be resolved without affecting the inherent logic of Bracket order. Lets take the above example where we want to modify the
Profit Target Price for entire 500 quantities. Now if we can make modification from one place (there can be an option of MODIFY ALL or something like that) and the target
price gets modified automatically for all the 8 pending Profit Target Orders, then traders can save some valuable seconds at there end. And this would not even affect the logic
of Bracket Order (i.e for every executed order there must be one SL order and one Profit target order).
I earnestly request you to please look into this and if you can take my point number 3 into consideration, then it will be really helpful. Thank you very much. Will be eagerly
waiting for your valuable reply on this.
Reply
Nithin Kamath says:

June 12, 2014 at 2:06 pm
Yes Sougata, we are trying to get this done, but it is a bit of a challenge, will keep you posted on this. Thanks.
Reply
Sougata Mandal says:

June 12, 2014 at 3:30 pm
Thanks a ton Nithin!!! Its glad to hear that you guys are trying to get this done, will be positively waiting for further updates on this.
Reply
AMBUJ SHARMA says:

July 31, 2015 at 3:02 pm
Yes, eagerly waiting for this feature to MODIFY ALL, we have to be quick on system to modify our stop loss, with n No. of lots modifying each one sperately its
very difficult. Its ok they selling every lot separately to make more brokerage but atleast there should be option to modify them all together.
Reply
218. saineo says:

June 12, 2014 at 1:44 pm
Resp Sir
i am facing also same problem With ZerodhaTrader_Setup_3.11.2.1_beta.exe cant able to run terminal. screen shot of Issue i was send on support@zerodha
i am using windows xp Sp2
My email id pradeeptraje@gmail.com
Reply
219. palani kumar says:

June 12, 2014 at 5:36 pm
Hi Nithin,
Instead of Place a limit order to buy/sell to enter a position, can we have place SL order for my initial position?
Because, say for example I want sell the stock at Rs 1000 which currently trading Rs.1005, so want to place initial ST order at Rs.1000,Profit order at Rs.990, stoploss order at
RS.1010.
Could you please let us know whether it is possible in bracket order?
Reply
Nithin Kamath says:

June 12, 2014 at 6:07 pm
Not presently, but hopefully very soon.
Reply
220. Vijayan says:

June 13, 2014 at 9:46 am
Nithinji,
I am using nowonline.in for my trading. Is the Bracket order/TSL facility available on this platform ? If so how to use it ? Kindly explain.
Reply
Nithin Kamath says:

June 13, 2014 at 10:09 am
Vijayan, not possible on nowonline.in, presently it is available only on the software version of Zerodha Trader.
Reply
221. Santosh says:

June 13, 2014 at 10:43 am
Hi Nithin Ji,
May I put two separate BO of same script with different Tgt and SL ?
Is it possible to predefine SL and TGT in BO order window with some Ticks value, say 100 ticks?
Thanks,
DT
Reply
Nithin Kamath says:

June 13, 2014 at 12:00 pm
Yes you can put two separate orders, but dont put opposite BO orders on the same scrip. Presently not possible to predefine in the order window.
Reply
222. Rahul says:

June 13, 2014 at 11:06 am
Hi Nitin Sir,
Could you please explain how to use bracket order for nifty call / put. its bit confusing.
Thank you
Reply
Nithin Kamath says:

June 13, 2014 at 12:01 pm
Rahul, works just the way it works for stocks, can you be specific on what didnt you understand.
Cheers,
Reply
223. Rajesh says:

June 13, 2014 at 3:43 pm
There is lot of problems in BO. Today I have done trading using bracket order.
1. If order gets executed in no. of parts then we have to modify each one. today I have bought punjloyd 5000 shares it gets expected in 8 part. Is there is seperate brokerage
in each part.
2.If half of quantity gets executed and half remains open and if we cancelled it.all executed gets squd off at LTP and non executed gets cancelled.
3.Large stop loss for small stock.
for trading a stock of value less than 50 stop loss is quite high.
Please reduce the stop loss from 20 tick to 1 tick.

Overall experience with BO is good
Reply
Nithin Kamath says:

June 13, 2014 at 5:17 pm
Rajesh, if the entry order gets filled in parts, we have to place brackets as and when the orders are filled, otherwise it will cause risk to your position if we have to wait till
the order is filled completely before the bracket is placed. We are trying to figure out ways to reduce the minimum ticks .
Cheers,
Reply
224. Rajesh says:

June 14, 2014 at 9:27 am
Please tell me what is the minimum tick for trailing SL. Is it 20 tick or 1 tick.
Also please explain if our order gets executed in many parts and we sell each part at different price then,brokerage is only Rs 20 or separate for each part.
Reply
Nithin Kamath says:

June 14, 2014 at 12:55 pm
If you choose the ticks option then 20 is minimum and if you choose absolute it is 1 point.
If your entry order is executed in parts, there is no extra charge for entry, but since your entry is executed in parts there are separate bracket orders setup and hence have
to pay separately for each bracket that was setup separately.
Reply
225. Jamests22 says:

June 14, 2014 at 9:49 pm
Is Bracket orders and Trailing Stoploss enabled in currency?if so in which exchange NSE or MCX-Sx.Could you please give some examples showing how it works in currency
trading?
Reply
Nithin Kamath says:

June 15, 2014 at 12:25 pm
Yes enabled and for NSE currency only for now. works similar to equity/F&O. The only difference would be that you cannot use the Absolute option, because 1 would
mean Rs 1 which will be 1.5% of USDINR. So while trading currency use the ticks option, remember that 1 tick is 0.0025 in case of USDINR. SO if you are buying USDINR
at 60, and want SL to be 59.95 and target to be 60.05. Place a limit buy at 60 and SL with Square off 20 ticks and SL 20 ticks. If you want to trail, you can click on trail
and mention if how many ticks USDINR goes above 60, do you want to modify the SL. So if you keep trail as 4 ticks, if USDINR goes to 60.0100, your SL will now become
59.9600.
Cheers,
Reply
226. hari says:

June 16, 2014 at 11:18 am
hi,
I have installed the new version, and have sent a couple of mails requesting the enabling of the bracket order option. how long does it take for it to be enabled ?
Reply
227. agsuresh says:

June 16, 2014 at 7:15 pm
Dear Nithin,
I just got the BO enabled. If you do not mind can you clarify something for me?
Lets say, I am buying 2 lots of Nifty
So I give the Limit @ 7505 /-
Sqr off @ 7555 (50 absolute points above my purchase rate)
Stop loss @ 20 absolute points below the purchase rate ie @ 7485
Trail stop loss @ 10 absolute points
If the price goes up say upto 7545 /- what would be my stop loss and if it come down, without touching my sqroff figure, what shall happen ?
regards
suresh babu
Reply
Nithin Kamath says:

June 16, 2014 at 7:58 pm
Assume your limit got executed to 7505, since your trail is 10 points, as soon as nifty went to 7515 (10points above), your new SL is 20 points below 7515 which is 7495.
Similarly at 7545, your SL will be 20 points below which is 7525.
cheers,
Reply
228. Kid@Trading says:

June 17, 2014 at 12:17 am
Hi,
With #agsuresh example, I am looking for further explanation. As Nifty reach 7545, SL or trailing SL reach 7525.
1. What will happen if the SL is modifed to 7540, to lock profit near high price if Nifty reverse.
2. Market moving in up direction and reach 7555. The new SL will 7550 or it consider old system price 7525 and increased to 7535.
3. Then its required again to modify the SL to keep order SL near MP ?.
4. Is there any way to modify SL and trail price at any stage once order get executed one side.
I know there is Sqoff price, but I want to keep SL near to MP once trade is in profit till its reach SqOff price.
What are the possible way to performed point 2, if possible apart from modify manua
-Thnks
Reply
Nithin Kamath says:

June 17, 2014 at 10:06 am
Kid,
In a bracket when you are trying to modify, you are not modifying the price but you are modifying the ticks/absolute. So in your case when Nifty is at 7545 if you want to
modify SL you will change the absolute 20 points SL that suresh has put to 5 points. Since the trail is 10 points, when Nifty moves from 7545 to 7555, the new SL will now
be 7550.
Hopefully this clarifies your other bits to the question as well.
Reply
229. Faisal says:

June 17, 2014 at 11:48 am
Hi Nitin,
Suppose I have shorted Nifty using bracket order and in that day it doesnt trigger stoploss or target.
So in the next day can I do stoploss and target for existing short trade using Bracket order ?
Reply
Nithin Kamath says:

June 17, 2014 at 1:08 pm
Faisal, Bracket is only for intraday, so if you have placed a bracket and it doesnt get hit, it squares off all open position by 3.20pm. You cannot trade positional using this,
atleast for now.
Reply
230. rajiv says:

June 18, 2014 at 12:23 pm
If your entry order is executed in parts, there is no extra charge for entry, but since your entry is executed in parts there are separate bracket orders setup and hence have to
pay separately for each bracket that was setup separately.
sir i didnt get this, please explain it clearly
thanks in advance
Reply
Nithin Kamath says:

June 18, 2014 at 7:01 pm
Assume you place an order to buy 10 lots of Nifty as Bracket, assume out of these 10, 3 got executed. As soon as these 3 got executed an exit and SL is placed with an
order number. The remaining 6 lots got executed now and another order with a set of target and SL is placed.
Your entry order was only 1, and hence you pay Rs 20 irrespective of how many trades they got executed in.
Your exit order was placed as 2 different brackets, and hence brokerage for exit will be 20+20
Reply
231. RM1064 says:

June 19, 2014 at 5:47 pm
Hi Nithin,
Pl implement minimum value of tick for 5 paisa or 10 paisa as the minimum value is 1 Re right now and this is not possible for small value of share especially when you are
trading for stock futures where the risk is very high.
Reply
232. rajesh says:

June 20, 2014 at 2:04 am
Sir,, wen dis opton available 4 commodity?
Reply
Nithin Kamath says:

June 20, 2014 at 1:44 pm
Waiting for exchange approvals, might take a bit though
Reply
233. lakshmihv says:

June 20, 2014 at 11:29 pm
Is it possible to place a TSL order on an existing position? Can I place AMO also? I could not find the option for AMO which contains only regular buy and sell choices. Thanks for
this great product.
Reply
234. paul john says:

June 23, 2014 at 3:51 pm
can we place BO in pre market open at open price for futures contracts
Reply
Nithin Kamath says:

June 23, 2014 at 7:19 pm
Not possible on premarket
Reply
lakshmi says:
June 23, 2014 at 10:26 pm
Thank you sir. I hold a nifty july 7700 bought at 110 today. Can I place a trailing stop loss order for this position tomorrow after the market opens? Or can I place BO
where the two child orders can be placed for the current position? Tanks once again and I am no hurry for a reply. Please reply when free.
Reply
Nithin Kamath says:

June 24, 2014 at 7:42 am
Lakshmi, Bracket and Trailing for now is an intraday product only. What this means is that you cant setup a bracket or TSL on a position that you already hold. If
tomorrow you take a fresh position on Nifty 77000 strike option and with an idea of intraday trade, you can then put a TSL for it.
Reply
235. maddy says:

June 24, 2014 at 2:06 pm
please provide BO calculator icon at home page
Reply
Hanan says:
June 24, 2014 at 2:08 pm
Try our page http://zerodha.com/technology it has everything in one place.
Reply
maddy says:
June 24, 2014 at 2:55 pm
BO calculator is not provided on technology section if go through home page.ya it is provided on this web but through BO discussion section.one more thing there are
two GUI provided for SPAN calculator on same page and not a single for BO calculator
Reply
Nithin Kamath says:

June 25, 2014 at 12:29 pm
Got it maddy, Will get this added in the calculator sections today.
Reply

June 25, 2014 at 12:20 pm
Hi Nithin,
I hope you remember my post of 12 June 2014 regarding the modification of multiple profit target orders while placing BO Order in large quantities. In that post I requested
you to provide some facilities like MODIFY ALL or something like that so that all the pending profit target orders can be modified from one place at a time instead of modifying
them one by one which is a time consuming process. You told me that you guys were trying to implement this. Have you guys found any luck on this so far? Will be waiting for
your replyThanks in advance!!!
Reply
237. RAJ says:

June 25, 2014 at 12:38 pm
Hi Nithin,
Just wanted to know if this BO functionality is working on web version. yesterday i tried to short one lot .. using BO. it didnt give me any option for setting Target or TSL.
Immediately the sell order plus the bye order got executed..
My concern is, if it isnt working fully, then block it or disabled the option itself.
Raj
Reply
238. hrc.nextgen says:

June 25, 2014 at 2:21 pm
Dear Sir
I have joined Zerodha recently. I put bracket order of 7600 Nifty call today with purchase price of 21, SL of 19 and profit price of 23. But nothing happened now nifty call at 17
but no SL triggered, Please tell where I have done wrong.
Thanks.
Reply
Nithin Kamath says:

June 25, 2014 at 7:45 pm
Are you following the steps as mentioned above? If you are buying at 21, if you want target at 23, click on absolute and mention 4 and Sl click on absolute and mention 2.
Should work, if it doesnt, send an email to terminals@zerodha.com, we can check your order and tell you what you are doing wrong.
Reply
239. Omswarup says:

June 25, 2014 at 3:25 pm
Hi When i try to place a bracket order i dont get the buy or sell bracket order option and i am not able to place orders. Cursor when brought on bracket orders shows nothing
Please help
Reply
Nithin Kamath says:

June 25, 2014 at 7:47 pm
Can you send an email to terminals@zerodha.com with your client ID.
Reply
240. Sreedhar says:

June 25, 2014 at 10:22 pm
Hi, Please let us when are we going to have (at least high level timelines) the following features in BO.
1. Placing BO order (the first order) as SL-L order instead of just Limit order.
2. Availability of BO order facility in Web version? not just in ZT terminal.
I am eagerly waiting for these two features.
Reply
Nithin Kamath says:

June 26, 2014 at 12:09 pm
Cant really give a timeline, but I can say we are working on it.
Reply

June 26, 2014 at 10:27 am
Hi Nithin,
I am one of your Zerodha clients. I think either you missed my yesterdays post or there could be some other reasons, so I havent got your reply yet. Whatever the reason is, I
am again writing to you. I hope you remember my post of 12 Jun 2014 regarding the modification of multiple profit target orders while placing Bracket Order in large quantities.
In that post I requested you to provide some facilities like MODIFY ALL or something like that, so that all pending profit target orders can be modified at a time from one place
instead of modifying them one by one separately, which is a time consuming process. You replied that you guys were trying to implement this. Now just curious to know..have
you guys found any luck on this so far? Like other traders I am also eagerly waiting for this feature to be added in ZT trading platform (software version) as soon as possible.
Will be waiting for your replyThanks in advance!!!
Sougata.
Reply
Nithin Kamath says:

June 26, 2014 at 12:23 pm
No Sougata, we are kind of stuck on that for now. Will keep you posted.
Reply
Sougata Mandal says:

June 26, 2014 at 4:10 pm
Thanks Nithin. Wish you and your development team all the very best for this endeavor. Will be eagerly waiting for this useful feature to be added in ZT Trading
platform for Bracket Order.
Reply
242. Omprakash says:

June 26, 2014 at 3:57 pm
Hi I am one of the clients . When will be the bracket order available for commodities. If it does then it would be great for trading commodities..
Reply
Nithin Kamath says:

June 26, 2014 at 6:32 pm
MCX has to still give approvals for this.
Reply
243. Harsh Chaudhari says:

June 26, 2014 at 10:25 pm
Hi Nithin,
charges for the using the same strategy on multiple script of the same segment will be the same or have to pay more for it.( Charges Per Script / Strategy) please specify, n
how many scripts can we apply the same startegy. ( any limit on this by Exchange).
Reply
Nithin Kamath says:

June 27, 2014 at 8:37 am
Harsh, didnt get the context of your question, are you asking in regards to bracket orders or something else ?
Reply
244. arkind13 says:

June 27, 2014 at 11:17 am
Hello,
As far as I understand right now the only way we can place / modify / exit bracket order calls is zerodha trader. Please advise by when can we expect the facility to be rolled out
on mobile / web version; also please advise if I can place modify my order by call and trade (for bracket order). Also it would be great if you could input the option of entering
into a call using SL as well. For example is a stock is trading at 416; and I want to sell below 415in a normal call I would place a SL entry but in case of bracket order you can
only enter through limit orders. Hope my question is clear.
Reply
Nithin Kamath says:

June 27, 2014 at 8:27 pm
Yep, at work on all that you asked, but right now only on ZT.
Reply
245. hari kumar says:

June 27, 2014 at 12:24 pm
I made couple of trades on BO and I have the following observation.
When trading on nifty I placed a trailing SL. now this moves in tandem with the movement of the scrip in your direction. Lets say you have a short, with 15 points SL and 1
point trailing SL. given the volatility. when the index moves down 15 points and comes back 15 points the SL is taken out. Is it possible to give the option of staggering the
movement of the SL. for example, for every 2 point move in your direction the SL can shift 1 point. this would give the scrip a little more leeway since the volatility is high still
preserving the SL for a greater time. AM not sure if there are others who would want something like this, but an option to vary the movement of the SL with respect to the
movement of the stock , instead of the current 1:1 would be of help .
Reply
Nithin Kamath says:

June 27, 2014 at 8:28 pm
hmm.. tricky, dont think that would be possible.
Reply
246. Raghuanth says:

June 27, 2014 at 11:47 pm
Hi
I am using BO for placing order and i find there is no option for partial booking or exit in case if you are trading multiple lot. so it is concern for me either i have to 100% in only
one target and missing the market moves which favors your trade.
Reply
247. DR0758 says:

June 28, 2014 at 5:10 pm
if we place BO buy order for 100 Nifty options limit order, once the order gets executed it created 2 order of 75 qty Nifty sell at stop loss and target price and then 2 25 qty
order at target and stoploss price. Why are you creating multiple order when 2 100 qty of sell order can be placed. Is this a way to get more brokerage? It a huge loss for us
and your system is unprdictable. We are stuck as we cannot cancel those orders also
Reply
Nithin Kamath says:

June 30, 2014 at 9:50 am
That is how brackets are, when you placed to buy 100 lots and assuming 75 get executed, whatever is executed we have to place a set of target and stoploss and cant
wait for the remaining 25 to be executed. So entry will always be one order, but exit could be multiple orders. Bracket orders is an algo product and hopefully you
understand it costs us more to offer than regular orders, a trailing stoploss for example could be modified 100 times before it gets executed and things like these put extra
load on our servers.
Reply
DR0758 says:
July 2, 2014 at 7:51 pm
So bracket order is usefull only for single lot orders as we dont have control over the algos
Reply
Nithin Kamath says:

July 2, 2014 at 8:27 pm
If you are talking about having to pay a little extra, hmmm.. yes I guess..
Reply
248. jayesh says:

June 28, 2014 at 5:37 pm
Hi.mr nithin i want to know ,what will happen if i cancle target and s.l order after buy or sell from bracket order
Reply
Nithin Kamath says:

June 30, 2014 at 9:51 am
You cannot cancel, you can only modify.
Reply
jayesh says:
July 2, 2014 at 9:28 pm
thanks for warm reply,what can i do if i want to continue trade for more days after buy or sell with same target and S.L ?
Reply
Nithin Kamath says:

July 2, 2014 at 11:26 pm
You will have to place the target and SL manually at the start of everyday, you will not be able to use BO for that.
Reply
249. Devendra says:

June 29, 2014 at 2:15 pm
Dear Nithin,
Very thanks for Great Product / Tool = BO
Following changes are suggested for BO
1) By Default Only LTP is selected and ATP is removed

2) By Default Absolute is selected and trader can enter fractional value (0.005 etc)
will be suitable for currency, stocks below 50 etc
This will avoid calculation of ticks for different symbols
3) Like Normal Buy (F1), Entry Price Should have LIMIT, MARKET, SL & SL-M Options
This will help to Enter Only IF certain level is breached.
Example : IF CMP is 100 and I wish to buy IF it crosses 103
One more thing

Can a Trader Modify Pending Bracket Order which is partly executed ?
example : Buy 10 Lots of Nifty, IF 6 are executed and 4 are pending and I wish to modify entry price of 4 pending lots
OR
Can I cancel this pending order of 4 Lots, (I am happy to trade 6 Lots for that time being) !
Thanks
Devendra
Reply
Nithin Kamath says:

June 30, 2014 at 10:02 am
Yes working on all of this and yes you can modify pending bracket order.
Reply
250. Jax says:

June 30, 2014 at 11:29 am
Hi Zerodha Team,
A suggestion regarding the BO documentation\Blog . Could you please update the blog with the details of how exactly the order get placed and how the brokerage is charged
for BO. I got to know the details about the brokerage after talking to the support team. I read some replies from Nithin and team regarding the brokerage queires In the
comments but it is very difficult to read all the comments and make sense of the process.
for the help of everyone if possible please update the blog with the brokerage details and the actual way the orders are placed.
Keep up the good work.. Zerodha has actually made trading very interesting.. keep bringing new and innovative things
Reply
Nithin Kamath says:

June 30, 2014 at 11:48 am
Thanks Jax,
I have mentioned this on the post: *Also note that if the entry order is executed in multiple trades, SL and target orders will be placed separately for each trade and billed
per executed order..
Reply
251. binu says:

July 1, 2014 at 12:38 pm
Sir
in Z-trader3.11.2.1 greeks r not working , when I call to your office last week, the officer Vijay told me that it is working in his terminal. r you people giving out two types of
terminals .or there is a update is there?
thank you.
Reply
Hanan says:
July 1, 2014 at 6:52 pm
Binu, Greeks on Market Watch work but very inconsistently. The best way to find Greek values is on the Option Calculator. You can fill in the values to get the theoretical
option price and this will also show you the Greeks.
Reply
252. Devendra says:

July 1, 2014 at 5:33 pm
Dear Nithin,
Login id : DD0314
I can place BO for Nifty Fut
IF I try to Place BO for Nifty Options (Even 1 Lot)

Order gets rejected ? Inspite of having fuds
Following error is displayed.

RMS: Blocked for OPTIDX B nse_fo BO blocked type : ALL
See attachment for ref

2 Days Earlier It was working.
Pl. enable it IF is disabled accidentally.
Thanks
I got following reply from your support team.

We see that you were trying to use this bracket order to buy options, please note that bracket order is not available while buying options as you will have to pay the entire
premium.
People buying options dont get any additional leverage, but people shorting options will get margin benefit.

Dear Zerodha,
I do not want or expect any additional leverage for buying options.
The best part of using BO for buying nifty option is
the SL in mind is placed actually and it gets trailed auto.
Since u people have started Bo, I am using it for buying call and puts
But today, I was surprised to see order getting rejected in spite of having funds.
pl. enable it.
If it is not available for buying options, how it worked for so many days ?
pl. help
Reply
Nithin Kamath says:

July 2, 2014 at 7:26 pm
Devendra, there was risk management issue because of which it is temporary disabled for option buying. The tech team is working on fixing it asap.
Reply
253. Rahul says:

July 2, 2014 at 1:56 pm
Please bracket order make it avail for mobile and web platform ?
Reply
July 3, 2014 at 6:01 pm
is there any date zerodha team has aimed to reduce the tick size since tick size in small shares might bring heavy loses and in big the ask bid spread almost instanly squares
our positions min tic size of even 0.10 will be help full
Reply
Nithin Kamath says:

July 3, 2014 at 8:50 pm
No date on this yet Paul, will keep you updated.
Reply
255. VINITSRR says:

July 4, 2014 at 12:19 am
Kindly add Scoll to Down.Scroll to Top button on your web pages.It would save time utilized for scrolling manually UP/DOWN.
Just a suggestion!
Reply
256. Aditya says:

July 4, 2014 at 4:53 am
Hi Nithin ,
Even I was wondering about the bracket-if-touched facility.

Can that be done in any way through Zerodha
1. What happens in case of partially filled orders (eg.buy).

Are the corresponding sell orders in full quantity as the order placed or only as much as the order that had got executed ?
2.Lets say NIFTY is at 7,000. I place a bracket-if-touched order to buy at 7010 and sell at 7011. In practical scenario is it possible to nifty jump ahead of 7010 and the order
not getting fulfilled at all ?
Reply
Nithin Kamath says:

July 4, 2014 at 9:23 am
Bracket if touched(entry using SL) is presently not possible, but yeah if order is partially executed it will place the corresponding orders only to the extent of the entry
order that got executed.
Again, bracket if touch is enabled, you will have 2 options (similar to SL and SL-M), in case of SL like you have mentioned if triggered order can go pending if market jumps
up. But in SL-M, when the trigger is hit, it gets executed at market price.
Reply
Aditya says:
Hello ,
Can Bracket-If-Tocuhed type of feature be done using Algo trading.
Bracket-If-Tocuhed :
Present Nifty is at 7000. I place an order to buy 100 units at 7010 and sell automatically at 7010.5 if nifty starts moving up and reaches 7010. In present scenario I
am forced to buy only at 7000.
From my understaing : planning to do on Nifty ITM options. And a 2 point movement in Nifty is sufficient for profit. However trying to minimize chances of reversals.
I am interested in scalping very very small amounts of profits prely on algorithms/statistics and not technical analysis.
Please advise if this is the right direction / thought ? Alternate approach.
Reply
Nithin Kamath says:

Aditya, Currently if you want to use bracket orders, you have to use limit orders, so what you are asking is not possible. But you could use a normal Stoploss
order to place a trigger buy at 7010 and a limit selling at 7010.5. So when market goes upto 7010, it gets bought and when it goes 7010.5 it gets sold. The only
issue with this is, you will need twice the margin to place these orders. Each order will be considered as a new position. Check this post on SL orders.
Reply
Aditya says:
Hi Nithin ,
Thanks for the prompt response.
This seems to be quite what I was looking for.
However , Is it possible that the sell order gets executed at 7010.5.

Even though the buy has not taken place at 7010 (cause maybe the market just shot up from 7000 to 7020). In this case I would not be holding the stock
as such.
In effect a short sell
Can I disable short selling overall in my account profile, however be in a position to place the sell order.
In that case the short sell wont happen without stock in hand.
And only if the buy has taken place the sell would happen.
Now I would be assured of a sell only of a bought product , and since the market has gone upwards to say 7020 , selling at 7010.5 is welcome.
Alternatively , is use to algorithm trading required ? Can this be done in that ?
You are very well versed with the subject , my intention is to use the order placement technology and some sort of automation / dependency on computer /
order execution for small profits. Please do guide.
Reply
Nithin Kamath says:

February 16, 2015 at 9:26 am
Sell orders are sent only after the buy is executed. So there is no risk of short selling.
Reply
Aditya says:
Ok.
To confirm / clarify sell orders can be placed even without stock in hand , however they are sent to the exchange and executed only if stock is in
hand.
Hope you have not got confused as the thread is about bracket order / however we had come over to SL-Trigger order.
Overall Summary. Presently NIFTY is at 7000.

I can place a trigger limit order which would buy NIFTY 10 lots at 7010 when market reaches 7010. It should not buy at a lower price , before
market reaches 7010. It is allowed to attempt to buy if market reaches / crosses 7010.
Also i place limit order at the same time to sell at 7011.

In case only the buy order was able to purchase only 7 lots it will sell only 7 lots at 7011 and not 10 lots.
1. Please provide link / give a ballpark amount of the margin required.

1 buy order and 1 sell order 1 lot of nifty.
Since you say short selling cannot happen. The only risk I see in this setup is that NIFTY reaches 7010 and then retraces back before reaching
7011. Which I assume would be very rare as the difference is just one point.
And buy not getting executed if market shoots up. In this case there wouldnt be any trade at all.
In case this is not directly possible , please advise if we can do using algo.
My interest is simple in a bracket-if-touched set up , targeting NIFTY 2 points.
Reply
Nithin Kamath says:

Ah.. I was talking about Bracket orders Aditya. If you are talking about normal orders, if you place a limit and Sell, either will get executed if
price reaches there. So what you are asking is not really possible. Yes you can create this as your own algo strategy and go to the exchanges
for approval. This will require you to first become an Authorized person with us. Do send an email to tsiva@zerodha.com, he can fill you in
with the details.
Reply
257. mailtonizarahmed says:

July 4, 2014 at 9:02 am
Dear nithin bracket order not enabled in my nest software it shows but no buy and sell option kindly enable it my id RN0804
Reply
258. Manu Adam says:

July 5, 2014 at 6:47 pm
Dear Mr Niting, Thanks for your great effort to provide best services. You said (on BO): You can exit open bracket order positions by either clicking on Target or SL and clicking
Exit or modifying either Target or SL to market price.
I think when you mention Click on target or Sl and click exit, you mean Select either target or SL and click Exit. Now suppose market is moving at 7765 and going up I select
either one (irrespective of the value put inside SL or target) and click exit, I hope I will be squared off at 7765 or more. Isn;t it so? Or Do I need to modify SL or target too for
exiting / sqarring off? Please clear the doubt
Reply
Nithin Kamath says:

July 6, 2014 at 12:11 pm
Manu, you just have to modify or click on exit, either for target or SL (not for both). Yes, if you click on exit it will get executed at market price like you have mentioned at
7765
Reply
259. kachru says:

July 7, 2014 at 9:02 am
can i modify traling point after placing order
Reply
260. Dk0046 says:

July 7, 2014 at 8:55 pm
How can I place a BO order in after market hours?
Reply
Nithin Kamath says:

July 8, 2014 at 12:18 pm
Presently not possible
Reply
261. vijay says:

July 8, 2014 at 11:56 am
Hi,
Bracket order is withdrawn for BO.what went wrong.when can we expect the same to be re introduced?
Reply
262. Poovhen says:

July 8, 2014 at 2:37 pm
Hi,
Have a couple of suggestions/queries..
1) I understand that additional leverage for CO/BO option buying cannot be provided due to risk issues. But I think you should go beyond than that. It puzzled me how a few
other vendors offering similar product are managing to do so. The key is that they allow option buying cover order ONLY for 1) those highly liquid contracts (like index options
i.e. NIFTY) AND 2) those are at/in the money (these behave more or so less like index futures). If index futures are ok, deep in the money options should also be so. Perhaps
Zerodha can work on it. It will attract a lot of retail traders.
2) The delay in CO/BO provision thru web platform is very frustrating. Please hasten it up.a lot of people prefer trading thru web servicesthe advantages are too numerous to
elaborate hereespecially for ordinary middle class folks.
Thank you,
Poovhenden
Reply
263. Aashish Daver says:

July 8, 2014 at 8:07 pm
Hi Zerodha,
This is indeed great. I have used features like this on Think or Swim in the US and always wondered when India will catch up. Thanks. looking forward to using this on all
contracts going forward. Couple of quick questions:
1. Why is this a intra day product only? Why cant I have this facility (with appropriate adjustment for margining) for my carry forward positions? For example. If I have decided
to hold long TataSteel future after entering at 520 with SL at 495 and target at 560 (Product Type NRML), I would like to place this Bracket Order every day and go about my
day job, tension free. Agreed I need to do it everyday as it is not GTC.
2. Can BO orders be placed off market? I do most of my analysis at night. So if I could complete all the analysis and place an order that says: Buy Long IOB Future 82.50, with
bracket of SL at 79.5 and target of 86.
3. Is there a plan to add One Triggers Other Order next? Example: Buy Nifty Future 7600, On execution Trigger Long 7500 PE @ 52 and again on any product type of my
choice?
Looking forward to Zerodha 2.0, which I will be better than ToS
Regards
Aashish
Reply
Nithin Kamath says:

July 8, 2014 at 8:43 pm
1. NSE doesnt allow GTC/GTD orders, all pending orders are removed from the cache and hence not possible technically. Also presently the approval from exchange is to
allow this only as an intraday product.
2. BO presently has to be placed during market hours.
3. Yeah, we want to, but this comes under the realm of algo for NSE, so it is tricky getting approved on NSE.
Zerodha 2.0 is called Pi , better than ToS hmmm.. ;)

Reply
264. Faisal says:

July 10, 2014 at 10:14 am
Dear Nitin,
I understand bracket orders are for intraday purpose only. Is there any way to convert bracket order to a positional trade. Suppose I have placed a buy order and both target
and stoploss not hit. In that case i want to keep the trade. Not to square off. Is it possible ?
Reply
Nithin Kamath says:

July 10, 2014 at 11:59 am
For now it is not possible Faisal
Reply
Ram Ganesh says:

Dear Nithin; Please create the facility to convert BO to Normal order if one has sufficient margin; I shorted a share @ 456 with B.O and it got squared off @ 3:20 pm
for 459 and I had to place another short order and that time it went to 458.5Rs and I lost 500 Rs ( in an additional unnecessary trade) and additional brokerage and
transaction tax and STT and other charges as well. I am sure you can help us save money if you implement the coversion option for Bracket orders.
Reply
265. valerain vaz says:

July 10, 2014 at 8:23 pm
Hi, Mr. Nitin,
Pls let me know whether you have started the BO ( bracket order) for NSE stock futures also?
Regards
vaz
Reply
Nithin Kamath says:

July 10, 2014 at 9:50 pm
Yes started a while back.
Reply

July 11, 2014 at 11:25 am
when will we have d calculator for the same?
Reply
Nithin Kamath says:

July 11, 2014 at 11:50 am
Already available here: https://zerodha.com/margin-calculator/BracketCover/
Reply
267. vijay says:

July 11, 2014 at 3:11 pm
Hi Nitin
When are you re-allowing to use BO for buying and selling options. Recently the same was with drawn.
Reply
Nithin Kamath says:

July 11, 2014 at 8:45 pm
Waiting for the tech team to fix the bug, hopefully very soon.
Reply
268. Dk0046 says:

July 11, 2014 at 9:29 pm
Nithin, I have2 questions, apology if you have already answered those:

1. assuming my Limit order has been executed and suppose I want to change the TSL then how do I change? The SL order is vanila SL-M and not TSL, would I have to manually
keep changing SL if I still want TSL type but with different parameter?
2. The other question is on brokerage, how is brokerage calculated, I place a single order of say 1000 Qty under BO but let us assume it got executed as 10 orders of 100 each
and then I will see 10 orders of target and 10 orders of SL..how would this be considered from brokerage perspective. Would these be considered 2 trades or 11 trades or 20
trades.. If I want to change the TSL then do I have to go and change the SL for all 10 orders?
Reply
Nithin Kamath says:

July 12, 2014 at 8:11 am
1. If you have placed an entry order with TSL, you can just go modify the same and it will automatically trail. Didnt get what you are asking about different parameter.
2. Entry is in 1 order and exit in 10 different orders, in this case the brokerage will be on 11 orders. Yes, you will have to change TSL for all 10 orders.
Reply
Dk0046 says:
July 12, 2014 at 9:14 am
Thanks.. let me explain:

1. I placed a buy bracket order in absolute value as follows:
Target: 40 points, SL: 20 points, TSL: 5 points
Let us assume the buy order got executed at 7000, now I see 2 orders, one to exit at 7040 and other SL-M for 6980. Now in SL-M order I want to change TSL to 1
point. I dont find a place in the system placed SL-M order to change TSL now.. this is what I meant by different parameters
2. Can I combine 10 different orders into a single order as most likely all these orders have the same values so it is easy to modify/manage and less cluttered order
book and also I pay less brokerage?
Reply
Nithin Kamath says:

July 12, 2014 at 11:32 am
ahh..
1. yes, you cannot change.
2. No it is not possible for now to combine all the pending orders into one single order.
Reply
Dk0046 says:
July 14, 2014 at 11:38 am
Thanks Nithin for clarifying. It will be good to take these are some of the requirements in the next version of software.
Also, one more related question, once my bracket order is executed (first buy or sell), where do i see what TSL I had put in the SL-M order?
Reply
Nithin Kamath says:
July 14, 2014 at 1:31 pm
yes in the SL-M order
Reply
Dk0046 says:
July 15, 2014 at 10:43 am
Hi Nithin,
SL-M has only the current trigger price but not my TSL information. Where do I check what order I had placed as bracket order (What was my original SL
and what did I out in TSL?)?
Reply
Nithin Kamath says:

July 15, 2014 at 2:57 pm
Double click on either the pending or completed order in the order book (F3), you will get to see this information.
Reply
269. Murthy says:

July 13, 2014 at 7:16 am
Hi Nithin,
I refer to comments for latest updates and to clarify some of my queries (All of my queries got clarified within comments..thanks to owners of queries ).
But when I read the comments, I feel some of the queries are very advanced and some of them very basic (like their software is not enabled with BO options etc).
How about enabling rating for each comment so that we can go through only most valuable ones than spending lot of time in basic ones?
Its just a thought, ignore if it is not a valid one.
Thanks,
Murthy
Reply
Nithin Kamath says:

July 13, 2014 at 11:40 am
Yep, we have incorporated something similar on TradingQ&A, but will be tricky to do so on a blog.
Reply
270. JP says:
July 14, 2014 at 7:46 am
Hi,
This is related to the query chain on BO started by Dk0046 on July 11, 2014 (9:29 PM).
Assuming the BO gets executed for 10 Nifty future lots (500 nos.), which it does as one order, and then it splits off into 10 pairs (1 SL-M and 1 Limit) of orders of 1 lot each, can
we square off all the 10 lots at one go without selecting any orders, by using the square off option under F11 key (just like we do for normal orders)?
Cheers,
JP
Reply
271. binu says:

July 15, 2014 at 2:10 pm
HI
if bracket order is available in your previous version of zerodha trader.
Reply
Nithin Kamath says:

July 15, 2014 at 3:11 pm
No it is not.
Reply
binu says:
July 15, 2014 at 10:22 pm
but today your Kerala branch people r said it is available in previous version.
Reply
Nithin Kamath says:

July 15, 2014 at 11:08 pm
It is not, will speak to them about this.
Reply

July 15, 2014 at 7:56 pm
This query is related to your new calculator. when i check margin for future buy stock it shows more margin amount and when i do it for sell for the same it shows less margin
amount.
why it is? can u please explain?
Reply
Nithin Kamath says:

July 15, 2014 at 11:06 pm
It varies by a very tiny amount, it has got to do with formula that exchanges uses.
Reply
273. Sen says:

July 15, 2014 at 8:45 pm
Hi Nithin,
I am using NEST 3.11.2, I am not able to place bracket order(BO). It is disabled for me I guess.
My ID: DS3352.
Reply
Nithin Kamath says:

July 15, 2014 at 11:04 pm
you need to send a request to india@zerodha.com
Reply
274. Ravi says:
July 16, 2014 at 4:27 pm
Hi Nitin, In Bracket Order I have to enter position by giving limit price. but I want to enter trade with market order and rest all i want same. The option for changing limit to
market is not available in BO. Is it possible to enable the same?. Because whenever buy/sell signal comes from my system, i want to enter position by market order along with
Square off order and SL-M Order.
Reply
Dk0046 says:
July 16, 2014 at 4:30 pm
They have only Limit order for now. However, if you place the Limit order at lower than market price then it will most likely get executed as market order
Reply
275. Neeraj says:

July 16, 2014 at 6:52 pm
Can stop loss and take profit orders work for inter day trades. I mean set and forget.
Reply
Nithin Kamath says:

July 16, 2014 at 11:37 pm
No Neeraj, for now it is only for intraday
Reply
276. Arpit says:

July 16, 2014 at 7:29 pm
Hi Zerodha Team,
I am new to the Zerodha & have tried bracket order 2 time till nowbut both times my order get executed at Market priceI will explain this with a help of example..
Let Suppose CMP of Stock is 96 and I want to but it at 101.I have placed a Buy Bracket order.by putting 101 as the price and 7 points as SL and 10 points as targetbut as
soon as I haved place an order the stock got purchased at 96 with a SL of 94 and target of 111.
Please clarify.
Thanks
Reply
Dk0046 says:
July 16, 2014 at 8:26 pm
This is expected as your buy limit order at higher than market price will get executed at market price. You actually are looking for SL-M order but Zerodha has Limit order
only.. you have to put buy order at lesser than market price in order it to be a truly limit order
Reply
Nithin Kamath says:

July 16, 2014 at 11:39 pm
Thanks DK, @arpit hopefully clarifies
Reply
277. ANAND says:

July 17, 2014 at 6:52 pm
great steps.. Zerodha.. Nithin..

Please also provide the facility of CO and BO in mobile app also, as it is more useful who are away frequently from the pc/laptop.
You may tell that it is very risky in volatile market.. but it will really help
Even if the order is put from PC/Laptop.. then away from PC/Laptop.. then we can modify or close the order through MObile app.
Sir, think about it.. it will be great asset and help for traders..
Reply
Nithin Kamath says:

July 17, 2014 at 10:27 pm
Yes Anand, the tech team is working on this.
Reply
Anand says:
July 17, 2014 at 10:46 pm
Thats great. In mobile app.. it will be great help.
Reply
278. valerain says:

July 17, 2014 at 8:54 pm
This is regarding Zconnect comments page. whereas the newer comments go and settle at the bottom.
It would be better if the newer comments starts from the upper side so that when we open the page we could see them without waiting to load.
Reply
279. Santhosh says:

July 18, 2014 at 5:10 pm
If you are interested to start using Brackets & Trailing SL, download the latest version of ZT and send an email to terminals@zerodha.com asking to be enabled.
got it !!!
Reply
Dk0046 says:
July 31, 2014 at 12:53 pm
Nithin,
I am not able to continue earlier thread so putting here. Please see below my earlier query and your response:
Dk0046
Hi Nithin,
SL-M has only the current trigger price but not my TSL information. Where do I check what order I had placed as bracket order (What was my original SL and what did I
out in TSL?)?
avatar
15 Jul 2014 at 02:57 PM

Nithin Kamath Post author
Double click on either the pending or completed order in the order book (F3), you will get to see this information.
July 31: I am unable to see my original order details of TSL and SL and I cant find a way of modifying it once the order first order is triggered.. let me know how to do it. I
dont trade on BO everyday so I tried today when I traded using BO
Reply
Nithin Kamath says:
July 31, 2014 at 1:31 pm
Will get someone to call you back.
Reply
Dk0046 says:
July 31, 2014 at 3:47 pm
Thanks Nithin. Someone from Zerodha had called me and he confirmed that you cant see TSL once the first order get executed. He also confirmed that if you
modify SL-M order from BO then it becomes vanila SL-M order without TSL. Please consider this as future modification where I could modify TSL along with SL
and still keep it as TSL order.
Reply
nagesh says:
August 6, 2014 at 11:55 am
Dear Sir,
This is nagesh, i am trading since from 3 months, i read article about price ladder and snap quote for best 10 quotes. I call up to your customer care office, they
said both price ladder and snap quote for best 10 quotes are unavailable for me., i.e. for nest trader 3.10.57.97.7. Please clarify me ..
Also, I am trading intraday, if i click on the scrip, go to the bracket order type it doesnt show nothing. Please clarify all of my doubts and please enable price
ladder, snap quote for best 10 quotes, also bracket order.
Thanks for your help and support.
Regards,
Nagesh
Reply
Nithin Kamath says:

Price ladder has an issue and we are trying to get that fixed, btw price ladder doesnt show the best 10 quotes. Bracket order is available only on the new
version of NEST, 3.11.12.1, you will have to uninstall and install the new version from here.
Reply
280. Sagar Tambre says:

July 20, 2014 at 3:00 am
Hi Nithin,
I am soon to open an account with zerodha. Currently being trading with Sharekhan. Looking forward. Just few questions
1) Can the BO and CO be executed from the Zerodha Web Link
2) When are we expecting BO and CO to go live on Mobile App
3) On Cover Order, do all trades get(Buy/Sell) executed at market price or can we put a limit price at which the trade can be executed. For me limit price is very important, for
any trader infact.
4) On Intra Day trading, can we have MIS file which shows all the exposure being provided apart from your margin calculator via website. It is more and quick and easy
reference. Not sure if it is already there. If it exists in handy cheers, if not please can team work on it
Regards
Sagar Tambre
Reply
Nithin Kamath says:

July 20, 2014 at 10:57 pm
Sagar,
1. No, presently only on desktop version

2. Hopefully in the next couple of months, cant confirm on this though.
3. On cover orders it is only market, but you can use bracket for that purpose which allows you limit orders.
4. Do you mean this: https://zerodha.com/margin-calculator/Equity/ or this: https://zerodha.com/margin-calculator/Futures/
Reply
Sagar Tambre says:

July 22, 2014 at 12:33 am
Thanks Nithin. jus one more clarification required
1) by desktop version u mean the zerodha software or the website to be logged in through desktop/laptop/smartphone
Reply
Nithin Kamath says:

July 22, 2014 at 9:46 am
Zerodha software version (Zerodha Trader)
Reply
281. Ravi says:

July 20, 2014 at 1:31 pm
Hi Zerodha
I want a clarification. For example

I have entered following trade
1. 7600 Call option Buy @100 Rs, Absolute trailing stop loss at 15 Rs, Trailing ticks 5Rs, Square off absolute Price is 30 Rs.
2. Position is now in profit and reached 120, I understand now that my stop loss will be at 105 Rs.
3. Now Trend has changed and price started coming down and reached 106. My question is now will my stop loss again changes to 91 or it stays at 106. In my understanding it
should get executed at 106 Rs.
Please Explain
Thanks
Reply
Ravi says:
July 20, 2014 at 1:38 pm
Sorry small correction , In my understanding it should get executed while coming down at 105 Rs
Reply
Dk0046 says:
July 20, 2014 at 3:42 pm
Yes, at 105 a market will order will get triggered
Reply
Nithin Kamath says:

July 20, 2014 at 11:04 pm
Yes your understanding is correct, SL will get modified only if the contract moves in your favor. If it comes down like you said, it will get executed at 105.
Reply
282. dins says:

July 20, 2014 at 7:54 pm
how can i get the % weightage of different stocks in bank nifty. is there any changes in % weightage day by day?
Reply
Nithin Kamath says:

July 20, 2014 at 11:14 pm
dins, you can see the components here and also check this product note. , the weightage is based on free float market capitalization.
Reply
283. marker says:

July 22, 2014 at 9:31 am
Hi,
Thanks for the Bracket Order feature..
There was a request from a fellow trader regarding the trigger for entry in Bracket order that is by providing the SL-M order as the entry for bracket order. Is this feature
available?
Regards
Reply
Nithin Kamath says:

July 22, 2014 at 9:50 am
Not yet.
Reply
284. Poovhen says:

July 22, 2014 at 2:32 pm
Latest update: 16th July 2014: We are allowing intraday leverage for option buying as well. 140% for Nifty and Bank nifty options, so to buy an option at Rs 100, you will need
only Rs 70 in your account.
This is great news!!! In my earlier post I had mentioned how other vendors are providing NIFTY option buying thru similar CO products (but nowhere near brokerage advantage
that Zerodha gives!!). Thank you!
Now, I earnestly look forward to my other suggestion of enabling the BO/CO product for web platforms (IE, FireFox, etc) so that people who are often traveling or in office can
place order through their browsers as per their convenience. Hope some importance will be given to this feature.
Once again, great job!
Poovhen
Reply
285. Shailesh Thakur says:

July 24, 2014 at 11:16 pm
Hi Nitin Sir,
Please Try to Launch MT4 :: MetaTrader4:: Plugin for Algo Trading

I Use Only MT4 For My Trading Purpose
MT4 is the most famous trading platform in the all over the world
Reply
286. raju says:

July 25, 2014 at 12:27 am
Request to enable BO to be placed during after market hours !! plz plz plz.
Reply
287. sudarshan says:

July 26, 2014 at 9:33 pm
My client ID is DM0546 but Bracket order are not there
Reply
Nithin Kamath says:

July 26, 2014 at 11:40 pm
You need to send an email to support@zerodha.com or terminals@zerodha.com to enable this.
Reply
288. Raju says:

July 27, 2014 at 4:22 pm
Hi Nitin,
I have the following two queries :
1) For Trailing SL, is it necessary that the stock has to move the specified number of ticks in a single direction without movement in the other direction ? For instance, I place a
buy order at Rs.340 with target as 400 ticks (Rs.360) and TSL ticks as 40. Now, the stock moves to Rs.350, and then falls to say 349 (20 ticks), then rises again to say(349.2)
and falls again to say 345. In this case would the TSL be executed at 348 or 347.2 ?
2) When can we expect BO with trigger (like SL-Limit and SL-market) feature ? Presently, if I enter a higher price than CMP for a buy BO, then the order always gets executed
at CMP
thanks,
Raju
Reply
Nithin Kamath says:

July 27, 2014 at 11:06 pm
1. 348
2. This will probably take a little longer.
Reply
289. DA2063 says:

July 29, 2014 at 8:43 pm
Dear Mr. Nithin,

I am new to Zerodha and getting used to various features it offers. I have gone through almost all the comments above and have gained good knowledge of the Bracket orders.
Just like many other fellow traders, I would like to know if we can expect SL-L order for entering into a trade in addition to currently available Limit order. You surely will
understand the importance of SL-L or SL-M orders.
Hoping to hear a positive reply on this.
Cheers..!!
Reply
290. Nilesh says:

July 31, 2014 at 9:19 pm
please let me know the tablets which are supported by ZT, i am planing to buy tablet so i can use the BO Bracket Orders
thanks in Advance
Reply
Nithin Kamath says:

August 1, 2014 at 10:31 am
Nilesh, presently bracket orders work only on the desktop version, which cannot be installed on your tablet. You will have to wait for a few days before bracket is enabled
on web/mobile platforms.
Reply
291. Mungerilal says:

July 31, 2014 at 11:33 pm
Pls tell how to place these 3 orders one after the another-
example-1) I want to buy Tata Steel at Rs 550
then
2)I want to place SL at Rs 548
then
3) I want to place sell order at Rs 560
Txn
Reply
Nithin Kamath says:

August 1, 2014 at 10:38 am
Mungeri, You can either use Bracket at one time, or else you have to manually place it one after other.
Reply

August 1, 2014 at 12:13 am
Dear Nithin,
Can I place an order using Trail SL without placing Target (Bracket Order) ?
Reply
Nithin Kamath says:

August 1, 2014 at 10:40 am
Not for now Ravi
Reply
293. Mubashir says:

Hi Nitin,
While using BO
I see that the stop loss triggers even though the price has not reached the specified Stop levels in the Market Stop Loss order I think the stop loss triggers even if there is a
quote by someone at that specified priceYou think a trader has a disadvantage with the Market Stop over the Limit Stop
-MM
Reply
Nithin Kamath says:

For a trader, I think market stops are more important than limit stop. Stops usually are important especially for those 4 or 5 times in a year, when market moves drastically
against you very soon. If at those times, you have a limit stop, the order wont get executed and hence I think it is always best to use market stops.
Reply
294. Anand says:

August 4, 2014 at 12:16 pm
hi zerodha,
great facility of bracket order.
Please provide Bracket order facility on mobile application also..
it will help a lot.
atleast it will have access to modify the order when we are away from pc.
I will be a great help to traders..
Reply
Nithin Kamath says:

Thanks Anand, we are working on it
Reply
295. ramarao says:

Hi sir,
To enable the bracket order i send one mail to terminals@zerodha.com. But it is getting error message. The mail not delivered. what to do to enable the brackett order?.
Reply
296. Yedukondalu garlapati says:

Respected Sir,
I am new to Trading. Kindly explain this and how I placed it in Bo:EQUITY-INTRA DAY TRADING:
BUY BAJAJELEC above 275 TGT 280-282 SL 271
Reply
Nithin Kamath says:

Yedu, presently you cannot enter using a stop (i.e buy abvoe 275), you can either enter using a limit or market order. So assuming Bajaj is trading at 275, you can place a
limit/market to buy it and with squareoff as 7 absolute points and SL as 4 points.
Reply
Yedukondalu garlapati says:

August 12, 2014 at 6:21 pm
This is for buying the Bracket order. After placeing the above order, for selling this is enough or we have to place the entry in sell Bracket Order also.[ KINDLY TELL
ME HOW TO SELL ABOVE ORDER?}
Reply
Nithin Kamath says:

August 12, 2014 at 9:14 pm
BO by default will come with SL and selling. So no, you dont have to place another selling order
Reply
Dear Nithin,
Can I place Trailing StopLoss like this :

If the LTP moves 1 point, then my SL moves 2 points in the same direction?
Reply
Nithin Kamath says:

No, that will not be possible
Reply
298. Rahu DR1470 says:

Hi Sir
when should i axpect the BO will available for option buying?
Reply
Nithin Kamath says:

It is already available..
Reply
299. Sukesh says:

August 7, 2014 at 11:03 pm
Hello,
One more doubt I got while working through one of my strategy
Say I have to Sell 50 lots of Nifty Options, I give a Limit Order of Rs:50 while the actual market price is around 48 to 49 currently, my order gets executed every time the price
comes to 50 so it might get executed in several parts at different times.
Question:
1) Can I continuously see how many lots have been executed and how many are pending to be executed? (I believe it my order and trade books should be the answer for this
Just confirming).
2) Can I cancel further executions of my orders mid way? Say after 7 or 8 lots are executed? How can I do this? (I believe this is possible but want to reconfirm before I place
any big order)
Reply
Nithin Kamath says:

1. yes
2. yes
Reply
300. Varun says:

August 8, 2014 at 11:50 am
Hi Nithin,
I have used BO quite successfully in the past for selling options, however, when I try it today the leverage doesnt seem to be there.
From your post it margin requirement should be between 1.5% to 2.5% of the actual value of the contract. Can you help me understand how would you calculate this for say
selling 1000 Nifty 7600 calls at say Rs 95 premium, if I am placing a 2 point stop loss.
The support team suggested that this would be around Rs 1,76,000 which appears to be more like the MIS product. I would have thought that since I am placing the SL at 2
points then the max loss/risk should be 2000 odd rupees or even if I include other span margin requirements.. a margin close to say 20,000 should have been sufficient.. infact,
this is how it has worked for me in the past.. but if I am required to maintain about 1,70,000 margin for.. I dont think it offers any benefit to me.
Am I missing anything?
Varun
Reply
Nithin Kamath says:

Varun, when you short a 7600 call the contract value would be around 4lks and hence the margin required will be around 1.5 to 2.5% of this which is around 6k to 10k per
lot. So if you short 20 lots, it will be around 1.5 to 2lks. The margin requirement will be around 25% lesser than trading using the MIS product.
The risk for a broker is too much if he lets you trade 20 lots with 20k in your account, yes you might have a compulsory stoploss, but if the market dips fast those stoploss
wont be of any use.
Cheers,
Reply
Varun says:
Thanks for explaining that Nitin. Reason I asked this was that I am quite sure that it has worked in the past for me the way I described.
What role does STOPLOSS plays in this case then for calculating the margin requirement?
Varun
Reply
Nithin Kamath says:

Stoploss still goes into calculating this margin requirement.
Reply
301. siteshsahu says:

August 10, 2014 at 11:42 am
Hi Nithin,
Its great to see Zerodha bringing the most important features in trading. These features are critical and helps a trader to trade more efficiently. Its heartening to see that a
young company is able to bring these features faster than the older companies which has been there in India for decades.
I have one query.Can we put the Bracket orders after market hours for next day?
Reply
Nithin Kamath says:

August 10, 2014 at 7:45 pm
Thanks Sitesh, Bracket orders currently dont work After markets.
Reply
siteshsahu says:
August 10, 2014 at 10:25 pm
Any plans to make to the same available in future? If yes, then what will be the tentative time frame?
Reply
Nithin Kamath says:

August 11, 2014 at 7:59 am
Yes, but will probably take a while.
Reply
302. veer says:

August 10, 2014 at 2:30 pm
Dear Nithin
When the BO is expected to be implemented in Commodities? Pls revert back.
Regards,
Veer
Reply
Nithin Kamath says:

August 10, 2014 at 7:46 pm
Yet to get MCX approval for this, so it depends on how much time they take to approve.
Reply
303. Anand says:

August 11, 2014 at 10:17 am
24 May 2014 at 11:40 AM

2. I guess you were using trailing SL, when you use trailing SL, if the order gets executed in parts it will go to the exchange as different order numbers. Since we charge
based on executed order numbers, it will be charged separately. If you were charged Rs 120, I guess it is on 6 executed orders. As of now if one order is executed in multiple
trades, there is no extra charge, but if there are multiple executed order, it will be charged separately, atleast for now. Will keep you posted on this

it will be charged separately, atleast for now. Will keep you posted on this
today the same reference got from your help desk.
you have not solved this problem even after many months since this post of May?
This is logically horrible..
its definitely CHEAPEST/LOWEST brokerage
Hmmm/
Reply
Nithin Kamath says:

August 11, 2014 at 10:55 am
Anand, Bracket orders costs us a lot more to run than normal orders, both in terms of licencing cost(paid to Omnesys as a special product) and resource cost (server
utilization). For now, the pricing will remain the way it is for brackets.
Cheers,
Reply
304. Mahesh says:

August 11, 2014 at 11:11 am
Nitin Sir,
In Bracket order, for selling call option of 7600 ce trading at 103. putting Sl of 10 points and TGT of 20 points. how much money we need. I taught it would be 5000 rupees but
it is showing we need 9000 rupees.
Please explain sir for selling options
Reply
Nithin Kamath says:

August 11, 2014 at 2:23 pm
Selling options require 25 to 30% of the overnight margin requirement for brackets. So it will be between 7500 to 9000
Reply
305. Varesh says:

August 11, 2014 at 8:21 pm
Hello Nitin,
Why this has not yet enabled on web ? it will be really great for many people like me to access it through web than your desk top software as we are all working personnel.
Could you please let us know when will it be enabled on web portal or mobile ?
Thanks.
Reply
Nithin Kamath says:

August 12, 2014 at 10:40 am
It will take a while Varesh, before this is up on mobile/web
Reply
306. dins says:

August 12, 2014 at 5:34 pm
i used the BO during pre market secssion, but could not see the target order and SL order, Why is it? then how can i square off the positions?
Reply
Hanan says:
August 12, 2014 at 6:54 pm
BO option works only in the live market. You cannot use BO in the pre-market session. You can use MIS/NRML/CNC in the pre-market session.
Since your first leg of bracket order wouldnt have gone through, you wouldnt be able to see the second leg of the order.
Reply
307. dins says:

August 12, 2014 at 9:05 pm
can i use the BO in the AMO (after market order)
Reply
Nithin Kamath says:

August 12, 2014 at 9:15 pm
Not as of now.
Reply
308. pktrivedi says:

August 12, 2014 at 10:19 pm
I have joined Zerodha as a trader few days ago mainly due to low brokerage and a perception in trading community that it is a fore-runner in trading technology. I see a lot of
buzz around Bracket Order.
My previous brokers were ICICI and they have been providing bracket orders since 2005. They call it MarginPlus product. Also, margins at ICICI are much higher than
Zerodha(upto 100x sometimes). Of course, their high brokerage cuts the advantage of high margin. Moreover, ICICIs BO is available in web-based trading and mobile trading
software both.
Automatic trailing stoploss is probably unique feature at Zerodhas BO. However, I think Zerodha should not be projecting BO as something unique, especially when it is being
provided by others since almost a decade.
Reply
Nithin Kamath says:

August 13, 2014 at 8:35 am
Isnt what ICICI offers Cover orders and not brackets? Buying with a mandatory SL? Sharekhan has been providing brackets for equity for a while.
Reply
309. Meiyarasu says:

August 12, 2014 at 11:56 pm
When will you introduce bracket order for commodities?
Reply
Nithin Kamath says:

August 13, 2014 at 8:36 am
Still waiting for exchange approvals on this.
Reply
310. chipps1983 says:

August 19, 2014 at 3:38 am
I tried seeking Zerodha support team on entering Bracket Order for NSE equity cash but they dont respond after my multiple emails. I tried buying L&T Finance bracket order
limit at 66.85 with 10k capital and my buying shares were 200. The order was rejected stating margin low . Can someone help me to understand margin limit as it margin
calculator calculates only 970rs required for intraday. Please also help me to understand how to put an order on e.g. Buy above 66.8 Tgt 67.55 SL 66.20. I also could not place
single lot nifty but with 1 lot with 10k capital.
Reply
Nithin Kamath says:

August 19, 2014 at 12:29 pm
Will get someone to call you back.
Reply
Naresh says:
August 21, 2014 at 7:46 pm
Hello Nithin,
Thanks for quick reply. I was on call with one of your support and he explained/assisted with BO order. He told we can only place Limit order and there is no option for
SL-Limit order. Could you please disclose if SL-Limit feature will be introduced in future ?
Reply
311. Pankaj says:

August 19, 2014 at 11:52 am
Hi Nithin,
Every BO user is paying 3+ times the normal brokerage (prestigious Rs.20 per trade) who is using BO for more that 4-5 lots since it gets executed in multiple trades. May I
request you to please work out a solution so that who are trading bigger lots can get some benefit from the Zerodhas discount brokerage platform. We dont mind paying little
higher than Rs.20 for such a wonderful product you have provided to us but 3+ is too much for small traders.
Thanks in anticipation.
Pankaj
Reply
312. Sundar21 says:

August 20, 2014 at 9:07 am
Hi, Can I make a buy BO and sell BO for the same segment one after the other.
That is, Buy Nifty future @7910 Sq-off 50 Trailing-SL 10 (both absolute), immediately i Sell Nifty future @7900 Sq-off 50 Trailing-SL 10 (both absolute). Is this possible. If so, is
it a healthy trade.
Reply
Nithin Kamath says:

August 20, 2014 at 1:11 pm
No Sundar, it is best not to do it. First exit your buy BO and then press a new sell BO order.
Reply
Dk0046 says:
August 20, 2014 at 4:21 pm
Well Nithin, if one is expecting a big one sided move but dont know which one (like at the time of event) then one can initiate both buy and sell orders under BO,
unless there is a volatility in the market where your both SL will get triggered, there is a likelihood of one small SL getting hit and another bigger target is met.. what
do you say?
Reply
Nithin Kamath says:

August 20, 2014 at 9:23 pm
Yep possible.
Reply
313. dins says:

August 20, 2014 at 9:48 am
1. can i convert a normal order to BO?

2. can i use the BO as after market order (AMO)?
3. suppose i place an order in the premarket, and i place a SL and Target after9.15 AM. is there any method
to cancel the SL automatically after achieving the target?
Reply
Nithin Kamath says:
August 20, 2014 at 1:11 pm
1. No
2. No
3. No, you have to use BO to have the ability to cancel SL automatically.
Reply
dins says:
August 20, 2014 at 4:10 pm
THANK YOU
Reply
314. Harshit_Kumar says:

August 20, 2014 at 6:53 pm
Dear Nithin,
I have started using BO order recently and have a clarification in regard to BO, Suppose I a put a BO as follows, where the Current price of the scrip is 99
Sell Limit Price 100

Sqroff Buy Tick 120
Stoploss Buy Tick 60
Trailing Ticks 10
once the trade is executed, I have 2 orders i.e. SL Buy order with price 103 and Target Buy order with price 94. Now after few mins/hrs. the Current price of the scrips drops to
98 so accordingly the stoploss order will be modified to 101 (trailing effect). Now the price is no further moving down and oscillating between 98 and 99, Seeing the uncertainty
I decide to modify the stoploss order manually to 100 (as I do not want to loose money if it rose to 101). Waited for few min. and price dropped to 96. So now what will happen
to my SL order?
1. will it be fixed at 100

2. will it trail from 101 to 99
3. will it trail from 100 to 98
Your immediate response is highly appreciable.
Cheers!
Reply
Nithin Kamath says:

August 20, 2014 at 9:39 pm
Harshit, it will trail from 100 to 98.
Reply
Harshit_Kumar says:
Dear Nithin,
I just want to put some clarification, which I actually encountered during trading. The trailing happens from the actual SL, which you put at the time of placing BO. So
in my above example the trailing will happen from 101. I am not sure whether its some bug or what but this what is actually happening.
Thanks,
Hari
Reply
315. vikas says:

August 20, 2014 at 8:16 pm
sir can we place double quantity in traling sl orders for eg. buy usdinr @ 60 no target sl of 0.1 traling with 0.05 but quantity in sl will be double the qty we bot ie. sar stop &
reverse is it poss with ur platform pl confirm
Reply
Nithin Kamath says:

August 20, 2014 at 9:39 pm
No Vikas, not possible.
Reply
316. Md Seraj says:

August 20, 2014 at 10:29 pm
is it possible to use BO for buy above or sell bellow price
Reply
Nithin Kamath says:

August 21, 2014 at 8:02 am
Not right now.
Reply
Naresh says:
August 21, 2014 at 7:48 pm
Hello Nithin, Any time frame for buy above or sell below feature to be added in BO ?
Reply
Nithin Kamath says:

August 22, 2014 at 7:36 am
This will probably take a bit.
Reply
317. Sukesh says:

August 21, 2014 at 11:31 am
Hello,
Just wanted to confirm my understanding for shot option positions (option writing).
If Im writing an option and the margin required to write this option is say 10k and the price of this option is 2k, the i should be able to execute this order by having 8k in my
account rite? As 2k of sale proceeds also would be immediately credited to my account as soon as the trade is executed?
Please clarify.. Thanks
Reply
Nithin Kamath says:

August 21, 2014 at 1:14 pm
No Sukesh, you will need 10k as the premium credit will happen only after the position is entered into.
Reply
Sukesh says:
August 22, 2014 at 1:09 pm
Thats a bad news for me

Is there any workaround for this?
I was thinking can I write options in intraday and then convert it to overnight so that I can trade with lower funds in my account?
Please help of you have some other idea too..
Reply
Nithin Kamath says:

August 22, 2014 at 2:19 pm
Yes you can do that, use MIS to short and then a position conversion to NRML. But you cannot use bracket orders for this.
Reply
Sukesh says:
August 23, 2014 at 3:26 pm
Cool!! Thats a relief.. I can not use Bracket Orders but i can use Basket order rite?
Reply
Nithin Kamath says:

August 24, 2014 at 5:26 pm
Yep
Reply
318. Todd says:

August 21, 2014 at 9:51 pm
Confused with How to Place Trailing Stoploss Order in product type CNC -in NSE EQUITY
My question is if i want to place a product type CNC using Trailing Stoploss what is the Procedure ? Please Explain with Clearly Screen shot of NOW Platform in NSE
Equity ? Need urgent help.
Example :
Bought 3000 pcs Unitech .
Buy price@23.80
Current market price of unitech is: 24
i shall sell if it reach 3000 pcs @24.50
Please explain According to this example !!!
Reply
Nithin Kamath says:

August 22, 2014 at 7:42 am
Todd, you cannot place trailing SL with product type as CNC and it is not available on the NOW platform. You will have to migrate to Zerodha Trader (NEST) to be able to
use this feature. Even on ZT bracket order is an intraday product, and cant be used for delivery based trading.
Reply
319. ragendth says:

August 22, 2014 at 1:17 pm
Hi Nithin,
This is just a request mail. Will the BO and Trailing SL be available in web interface? It would be good if we have these in web tool as the ZT terminals cannt be used in office
systems..:)
Reply
320. ragendth says:

August 27, 2014 at 9:02 am
Hi Nithin,
I am placing and buy BO using the ZT .Then after wards I would like to modify the stoploss or target value/ticks using the web interface. So will i be able to do so? Or is it that
since I used the ZT to place the order I need to use the ZT alone to modify the stoploss or target value/ticks ?
Reply

August 27, 2014 at 2:42 pm
i am considering dealing in options

but i have certain querys
consider i had buy put unitech 35
now unitech is at 23 aprox
but unitech put 35 shows no volume so
1: can i sell it back in to the options market which i presume i cant
or
2:can i execrsise the option even when there is no volume plz explain the teqnicalities
Reply
Nithin Kamath says:

August 27, 2014 at 8:48 pm
1. If there is no bids on that option contract, no you cannot sell it back.

2. All options in India are European, that means they can be exercised only on the last day of expiry.
Reply
322. KAsi says:

August 28, 2014 at 9:43 am
Can you explain Limit order in Bracket Order?
How the limit order will help?
Reply
Nithin Kamath says:

August 28, 2014 at 12:11 pm
Kasi, it is already explained in the post above, anything specific you want to know ?
Reply
323. KAsi says:

August 28, 2014 at 3:03 pm
Assume current nifty fut trading at 7955. I am expecting breakout will be 7964 so if i place BO limit order at 7964, but the problem is that it executes immediately vise versa
for selling. my question is BO order is limit order or market order?
Reply
Nithin Kamath says:

August 28, 2014 at 5:29 pm
Kasi, if you want to buy at 7964 you need to enter using a trigger order(SL order) which is not allowed on BO for now. BO allows you to buy limit or market, but not using
triggers.
Reply
324. sharath says:

August 28, 2014 at 7:31 pm
Dear Nitin
Is it possible to close a bracket order from the mobile version of zerodha trader.
Reply
Nithin Kamath says:

August 29, 2014 at 11:40 pm
Not presently.
Reply
325. amit kundu says:

August 30, 2014 at 2:44 pm
1.flat 20 per trade is it meaning first leg20 and second leg 20?
2.suppose i buy 300 shares at a time if partial execution occurs do i need to pay brokerage for each partial execution?
3.In a bracket order like rs.100/share(Market) I set limit buy at 100.50 I put sl at 97 and target at 101.50 ,can i do this?Because sl is exceeding 1.5% whereas I know It may
come down to 97.5 after touching 101 and then again it will reach to 101.5. Please suggest me what can I do in this situation?
Reply
Nithin Kamath says:

August 31, 2014 at 8:32 am
1. Yep, it is Rs 20 or 0.01/0.1% whichever is lesser.

2. No, Rs 20 per executed order, irrespective of the number of trades that takes place to execute this order
3. Firstly in a bracket order, only limit/market order is allowed as of now. So no, you cant buy using a trigger type order, i.e buy above 100 at 100.5. You will have to use a
normal SL order with trigger for this.There is no restriction of 1.5% SL on BO, your margin requirement will depend on how far away your SL is.
Reply
326. kgupta62 says:

August 31, 2014 at 11:20 pm
my code DK0033, pls confirm can i place market order in BO, if so how to activate in my account.Further excel link is not working ,as per your helpline its a global problem and
referred to developer when we can get it rectified.
regards
Reply
Nithin Kamath says:

If you place a limit order higher than the market price, it automatically becomes a market order. Market order doesnt reflect in the Bracket order dropdown. Yes the excel
thing is being looked into.
Reply
327. Jacky says:

suppose i punch a bracket order to buy 10 lots of nifty using Limit order type, but only 3 get filled, so target is automatically for 3 lots only, right? just confirming this. thanks
Reply
Nithin Kamath says:

Yep, correct
Reply
328. Aquif says:

Just wondering if i buy a particular Script through bracket order and if for some reason i want to hold the same after execution of order, is it possible to convert it to CNC? Or it
would necessarily be squared off at the end of the day?
Reply
Nithin Kamath says:

You will have to square off the position first, and then buy using CNC. You cant directly convert.
Reply
329. RaniHosur says:

13 May 2014 at 06:46 PM

Krishnan
Hi, Yesterday I placed a BO and bought @6958 with target 75 points(7033) and SL 20 Points. After buying I logged out and went to office. In the evening while going through
the contract note I shocked, both my Target and SL orders executed. and then squared off everything, and I was in unexpected loss (though not big loss).. I contacted your
team and got reply that logging out from the terminal after initiating a BO will cause such executions. I request you to please iron out this problem, otherwise people like me,
who commute to office after initiating the order cannot effectively use the system. Hope You will consider it.
4 May 2014 at 06:08 PM
John
So if we are running the BO on our system and the internet fails (common problem with broadband or 3G) and we disconnect and reconnect back. It will square off the orders.
If this is true then it is a pretty difficult scenario and potential for unexpected problems.
18 May 2014 at 12:14 PM
John, the tech team is working on making this work even if you logout of the system, internet dropping should not cause a problem.
Sir,
What is the current position. After initial BO execution can I disconnect system.
Reply
Nithin Kamath says:

Just checked, this issue was very old and was fixed long back. Can you send an email to tsiva@zerodha.com the next time anything like this happens.
Reply
330. Abhi patel says:

i want to open an account with zerodha, but i want specific requirement that is i want live terminal on excel..
Can it possible??
Reply
Nithin Kamath says:

Yes, there is an export to excel function.
Reply
331. Girish says:

Will Bracket order and Training SL ever get introduced for Delivery Equity Stocks??
Reply
Nithin Kamath says:

We havent yet gotten approvals for that.
Reply
332. jinal vijay jhaveri says:

Dear Nithin,Ive had the most pathetic and upsetting experience with zerodha, Most of my losses have been only because of zerodha nest trader. The issues I have been facing
with zerodha nest trader are.
1.placing an order ( after placing abracket or coverorder order and submitting it, it take a very long time for the order to get submitted by the time orders r submitted the
stocks either zoom up or down )
2.after placing the order I am always unable to square off at market price or it squaresoff on its own)
3.Most of the times it says disconnected from nest system ,invalid parameters, request failure,unableto login .
Now for all these problems I have several times addressed to your team but all I get is the blame on me or losses that I have to bear . I have spoken to various guys from your
team but all in vain they do not agree to anything and only have long talks giving excuses and not accepting the mistake and at the end of every conversation all I hear is sir
we r coming up with PI after which you will never face any troubles.
Even today i had placed an order for yesbank at 612 the stock zoomed upto 615.8and when I tried to square off or modify it never happened eventually I had to call zerodha
and 1 of the lady said theres a technical issue which is now resolved but I was still unable to modify or square off then I spoke to niranjan who accessed my system thorough
team viewer and then when even he could not resolve he said he would square off at 613 which I accepted and then he puts me on hold for 5 minutes and after that he said we
have squared off your position at 611.54.So once again instead of making profits at 615.8 I have to bear losses and this is not happened for 1st time several occasions have
been addressed tozerodha but all in vain.
All they do is call back and have long conversations.but nothing has ever been improved from your end,At this rate believe me you will eventually lose all your clients.
instead of marketing the product claiming to give best services at best rate I would req you to improve the system.
They most of the time blame it on the internet which is at 8mbps and rarely disconnects I would not have complained had if happened once but I faced this several times.
I rquest you to bear all the losses faced coz of zerodha and revert back to me asap.
Regards
Jinal Vijay Jhaveri
DJ9752
9892100567
Reply
Nithin Kamath says:

Vijay, Yes for around 10 mins today there was a technical issue in the morning which got sorted. There are many who are using bracket and cover orders, havent received
any complaints like this till now. Let me get our tech guys to get in touch with you immediately.
Reply
Dk0046 says:
I have been using nest, I dont face this kind of issues. A few times if the nest is inactive for a long time or if I need to put the laptop in sleep and wake it up then I
exit the previous nest and start again and it works most of the time. One thing I noticed earlier was that a few times when you restart nest then old orders and
traders are not shown in the order and trade book. Thats a bit inconvenient (especially the order book) but I could manage somehow. All in all, apart from minor
things I didnt have much issue. Having said that, can it improve further, you bet and I am sure zerodha will keep improving it in the days/weeks to come. Thanks
Nithin for connecting with your clients and taking time to respond to their queries much appreciated.
Reply
333. sbk says:

Hi whn are you coming with Stop Loss buy/sell order in BO???
Reply
334. sbk says:

Hi whn are you coming with Stop Loss buy/sell order in BO???
Reply
335. ragendth says:

Hi Nithin,
Will / Can the trailing SL be made available for normal sell order other that BO. Because it would be useful when doing normal sell orders.
Reply
Nithin Kamath says:

will take time.
Reply
336. Sagar Tambre says:

Dear Nithin
When can we see BOs on zerodha mobile and Web terminal.
Also can we have market monitor, the likes of nest plus which gives u stocks which have hit days high low upper circuit and lower circuit, on mobile and Web platform.
Regards
Tambre
Reply
Nithin Kamath says:

BO on web/mobile, might take a bit, and we are trying to do something on building a monitoring tool
Reply
337. sashikala says:

Thank You So much for introducing such wonderful method NAMASTE!!!!
Reply
338. gemsunil says:
Hi Nitinwould want to re-iterate one of the point raised in recent posts by one of the user and appreciate your immediate action on it. This is regarding bracket order only
I am a price action trader so I enter on pivot breaks so I necessarily need a buy above / Short below type of orders.
So, If I have to buy above 102.

If executed, Target will be 105
SL will be 100
It will be great if I can put SL-M (better yet, SL-L) ENRTY order at 102.05 (If SL-L possible, trigger price 102.05, limit price 102.1)
Reply
Nithin Kamath says:

Yep, working on it to get it approved at the exchanges.
Reply

Sir,
Are you going to provide Stop Loss buy/sell order facility in BO
Reply

Sir,
Now there is no Stop Loss buy/sell order facility in BO. But are you going to provide facility in the future OR the present position will continue
Reply
Nithin Kamath says:

As I have said like so many times above, it will take time and we will announce when the feature is implemented
Reply
341. nooruddeen says:

Nooruddeen
Sir, i bought 4lot and my sl is 10point & tgt 30point in nifty fut, how can i enter o bracket order? in sl just 10 or
10x4lot=40points and in tgt just 30 or 30x4lot=120points, pl clarify
Reply
Nithin Kamath says:

Click on absolute and mention only 10 and 30.
Reply
nooruddeen says:
ok thnx, pl arrange sl buy/sell on bo
Reply
342. proudfarmer says:

Had some real experience with BO today Nitin and found it very good even for scalping in high volume scrips/contracts, particularly Nifty contacts. Yes, brokerage is an issue if
the orders get executed in multiple trades but it is still great. Congrats
Reply
343. cyberfun says:

Hello Zerodha,
Havent read all the messages here because of the volume, so sorry if the following have been addressed previously.
1) I understand that the minimum SL is 20 ticks for futures. What is the minimum no. of ticks for the target and for TSL ?
2) The software does not give any validation message if the SL is entered < 20 ticks.
3) Shouldn't there be a rule that the TSL ticks should be less than SL ticks ?
Reply
Nithin Kamath says:

1. No minimum for target or SL. 20 ticks minimum for trailing SL

2. If TSL is less than 20, it takes it as 20.
3. It is upto the trader.
Reply
cyberfun says:
Thanks for the reply.
For future versions :

1) While 20 ticks is fine for the indices and higher priced scrips, it seems a lot for a scalper in lower priced scrips (e.g. F&O scrips priced Rs. 100-400). A 20 tick SL
could mean Rs. 2000 or more + costs. Thus this facility may become untenable for the scalpers. So, it would be great if the future versions can also allow the figures
to be defined in % (along with Absolute and Ticks options); or maybe the software can itself define a range based on the buy/sell value.
2) Messages informing of the minimum range etc. will help the trader avoid mistakes.
I congratulate you on the introduction of the bracket order. I think that in due time it will revolutionise the day trading and help make day trading a viable career
option. My suggestions are just tweaks and well-intentioned.
Reply
344. praviny says:

Dear Nitin,
i had put in an sell bracket order with limit to sell at 405 for ONGC Futures today with stoploss at 407 and cover at 400, however when i entered the order, it sold off at market
price of 406.35, how is this possible, it should have sold only after futures were at 405 and below than price.
Reply
Nithin Kamath says:
Bracket orders dont have the ability to use triggers to enter (for now). So if you place a limit selling order below the current market price, it will get sold at the current
market price since the market price is higher than the price you are trying to sell at. If you want to do this, you will have to use the normal SL orders to enter your
positions.
Reply
345. avinash says:

can we use BO for commodity
Reply
Nithin Kamath says:

Not as of now
Reply
346. proudfarmer says:

I placed a limit bracket order but it got executed at market rate. Please have a look at it.
Reply
proudfarmer says:
Dear friends at Zerodha, please ignore my previous communication regarding execution of bracket order at market rate. I had a look at it and found that it was error at my
end. In place of 78, I placed 87 in price. Thus it purchased at market price. No problem with the system. It is fantastic. Cheers.
Reply
347. m.paramaguruparan says:

dear nithin,
in option trading your brokerage is 0.01% or 20 which ever is lower, i am right?
then,
yester day i bought nifty 8050ce 100 qty at the rate of =rs 68.75 (single order)
total turover = rs 6875 what is your brokerage for this trade
1) rs 20
or
2) rs 0.6875 as per 0.01%
pls expalin i am going to do bulk orders
best regards
guru
Reply
Nithin Kamath says:

Guru, it is 0.01% or Rs 20 whichever is lower on the contract size and not the premium value. So Nifty 8050 contract value would be 8050 x 50 = around Rs 4lks. 0.01%
of Rs 4lks is Rs 40, and hence you pay only Rs 20. When you are trading F&O that 0.01% will come into play only when you are trading very small contracts like USDINR.
Reply
m.paramaguruparan says:
thanks for your repaly, if i bout 10 lots & sold nifty option normal order execution 2 legs only (20+20) =rs 40 ok,
my break even is = rs 0.26 only
but in BO order its splites it to 10 order for bought + 10 orders for sold so 200+200= rs 400
my break even is = rs 1.10
how to reduce this.
pls help me to solve this issue.
also i have another question.
i place bought limit price rs-100 on BO order and target order absalute rs 2
its bought me for lower price rs- 99.50.
now what is my target order 99.50+2 = 101.50 or 100+2=102??
best regards
guru
Reply
Nithin Kamath says:

Guru,
1. Your entry order in bracket even if it is executed in multiple trades will be considered only 1 order, hence your buying order is just 1 and hence Rs 20 only. But
if you entry order gets split into multiple trades (say 10), then 10 different Target and SL are placed, which will all be considered as separate orders. Hence you
can end up paying Rs 20 + Rs 200 for this. There is no way for now to get away from this, but usually if you are trading Nifty, it is quite liquid and doesnt really
get split up into many trades.
2. Your target will be placed based on what you entered in your buying order window, so 100+2 = 102
Reply
Rajasekar says:
Dear Nithin,
Thanks for the bracket order platform. I am not here to get your revenue down in bracket order.
For every trade done in the bracket order the algorithm places new target and stoploss order. Is it possible to modify the generated order according to the
quantity.
For example,
I bought 5000 shares of Nifty8400ce. The order is placed at 85. The square off sell is at absolute 10 points and SL sell at 5 points and TL as 1 Rs.
Consider the following algorithm

1. Place the order for trade
2. If trade starts executed,
Algorithm places corresponding sqr off order and SL order according to the Traded price. Let this order number be xxxxxx
continue this until the pending quantity is zero.
nowfor the second trade executed or any change in quantity modify the above placed order xxxxxx with quantity and prices of sqr off and sl with the
average traded price.
If there is only one order as stop loss and target, we can get into more script.
If the order is traded like 10 or 20, modifying each and every order is very tough job. you can charge any fixed amount for this bracket order
Thanks in advance .Expecting your reply.

Rajasekar.A
Reply
Nithin Kamath says:

When an order is sent to the exchange, it confirms with an order number, if we send another one, it becomes another unique order. Both order
numbers cant be the same. So what you are asking is not really possible. But we are seeing how we could make this product simpler, it is tricky
considering we need exchange approvals for every small thing.
Reply
Rajasekar says:
This is my trade log . I have placed a buy order which is completely traded 3800@81.83. As the trade got executed in 2 times, the target and
stoploss is placed as 2 orders.
Can you change like the following:
1. after the first trade, 141103000042111 is the order generated for sl and target.
2. when second trade is completed, instead of fresh order, can you modify the same order above with the traded quantity and the average price of
the trade.
3. If this happens, Nifty volatility and zerodhas discount broking service will allow us to trade more.
please kindly consider. I once again accept your brokerage, but the process of modifying the placed orders is very tough. Because of this, frequent
order placing cant be done, which is a loss for you and me in business.
Thanks and cheers,

Rajasekar.A
Reply
Nithin Kamath says:

Raj,
Once we send an order to the exchange, the order number is sent back by the exchange. So when the second trade is completed and new set
of Target/SL is sent to the exchange, exchange will send back a different order number. We cannot modify this order to match the other order,
that will not be compliant to rules. Yes I understand your concern, we are trying to see if there is some other way, but the solution you have
given is not possible.
Reply
Rajasekar says:
Nithin,
Find some other easy, so that the bracket order will be a very success one.
Thank you once again for the answers and for zerodhas discount broking system.
Reply
348. Ram Ganesh says:

Dear Nithin, please note that in the previous version of Zerodha terminal it was really easy to add a futures/options contract; since I could change the month and directly type
the PE/CE strike price. In your new terminal it is very difficult for me to find the option contract since all the contracts for 3 months are displayed when I enter the name of the
scrip( Which sometimes is more than 100) and ver difficult to select; Can you please revert back to the older system of adding contracts? I am sure it will be helpful for many
including me.
Reply
Nithin Kamath says:

Having this checked Ram, thanks
Reply
Ram Ganesh says:

Thank you for your prompt reply and making sure that Hanan replied on your behalf; no wonder you are a superb entrepreneur; bcoz you serve the customers
superbly; hats off to you Nithin.
Reply
Hanan says:
You can still load option contracts only for a specific month if you choose CE/PE and then simply type in the strike price in numbers in the next column. Check out the
image below. Dont go to the last column on the Scrips Bar as the last column loads all available option contracts for that particular scrip.
Reply
Ram Ganesh says:

Hello Hanan, This was available in the previous version of Zerodha; not in my current version; I called Zerodha Cochin office and they informed me this method of
adding scrip is available in older version and I had to install new version since BO is enabled only in the latest version. Hope you understand the issue. Do you have a
shortcut key to display what you have posted in this picture to add contracts?
Reply
Hanan says:
Yeah, there is a shortcut key to do this. Just use Ctrl+S to view the Scrips Bar.
Reply
Ram Ganesh says:

Thank you very much hanan; CTRL + S worked.
Reply
349. Jishnu Debnath says:

Sir Kindly let me know in easy way.

I bought a stock at Rs 100/-. Wanna put a SL at 98/- and Target at 105/- and execution of any order either the SL or Target the next one should be cancel automatically.
Reply
Nithin Kamath says:

Yep use the bracket order with limit price as 100, Sl (click on absolute) and mention 2 and target (click on absolute) and mention 5.
Reply
350. Vishal says:

Got a few basic questions
1) When will Bracket order be available on Web / Z5 platform?

2) It is possible to modify bracket order from web platform?
3) After a Bracket Order get executed, if I modify the trailing stop loss, will it still trail from new value?
1 request
1) Please provide AMO on mobile platform.
Reply
351. Vipul says:

Hi Nithin,
I got a lot confused after reading your old comments where you have mentioned that trailing stop loss are not allowed in CO.
My Query is: I am an Intraday trader who trades in EQ Cash scripts. I trade on levels. For example : CMP of Rel is 1000. I want to trade Reliance above 1005 only.
1. Is your SL-M orders help me here ? if not, what kind of orders are suited for this trades, bracket ,CO or normal orders/
2. I want to have a fixed brokerage for NSE cash (if possible) , if not then me tell me your brokerage structure
3. I need to trade with margin also around 6-20 times only in NSE Cash, is it possible even if I trade in normal orders.
PS: I am yet to open an account. If you can clear these doubts, then I would like to a part of your company.
Reply
Vipul says:
and more Query, if CMP 100 can I place SL-M order to buy at 101 ?
Reply
Nithin Kamath says:

1. If you want to buy above the current market price, you cannot use bracket or cover. You will have to use the normal MIS orders.
2. You can see about our pricing here: http://zerodha.com/pricing
3. These are the margins that we provide for equity: https://zerodha.com/margin-calculator/Equity/ if you use the normal MIS orders. If you need higher margins, you will
need to use Cover or Bracket orders, but the issue is that you cannot enter using a SL-M as you have written.
4. Yes if CMP is at 100, you can place SL-M order to buy at 101. Check this post on Stoploss orders.
Reply
Vipul says:
Thank you Nithin, I think this answers my query .I will be joining you soon
Reply
352. som says:

Is it not possible to enter bracket order after market hours (say in the evening or early morning) ?
Reply
Nithin Kamath says:

Not for now.
Reply
som says:
October 17, 2014 at 10:15 am
Dear Nithin,
I appreciate the journey of Zerodha. I learned that BO order is not possible in Pre-open also. Could you please make it working in Pre-open as It is available with
others. So this must be possible.
Thanks,
Reply
353. yogaraj says:

please change this rule
Minimum SL
Equity F&O CURRENCY
Absolute : 1 or Ticks 20 Absolute : 1 or Ticks 20 Absolute : 1 or Ticks 20
IF I AM TRADING UNITECH LOT SIZE 17000.HOW I CAN PLACE 1 POINT STOPLOSS
Reply
Nithin Kamath says:

Yeah Yogaraj, we are working on having this changed,
Reply
354. vaibhavgandhi says:

Hi Nitin,
I am a range intraday range breakout trader. I place my buy stop and sell stop in ODIN at one go. I am working with a traditional broker (angel). They are least concern for
exposure for intraday as far as there is deposit (not the required margin).
Now, I want to switch to zerodha to reduce my cost of brokerage. Please suggest me type of order (MIS SL, CO, BO or any other to use maximum exposure).
Example: If CMP is 99, I place a buy stop above 100 and a sell stop below 98 at one go. Zerodha requires good chunk of margin for this sort of trades. I read about CO
(Covered Order) and BO (Bracket Order), but they do not allow stop limit for entering the trade i..e i have to enter it at mkt or limit only. They are for trading at mkt and then
placing a stop loss.
So please suggest me best order type..

Thanx.
Reply
Nithin Kamath says:

The thing with CO and BO is that both cant be used to enter with a trigger/stop. So the only way will be using the product type as MIS.
Reply
355. JAGADISH says:

Dear Nitin Sir,

Im very much impressed with the way your team provide the service to a common man with the use of policies, technology and negligible charging.
Many thanks to ur entire team.
Today BO facility has been activated and tried. My observations are as follows.
Very good tool for intraday traders with automatic sq off of orders and as one gets initiated other gets cancelled automatically.
1. It is good to have option of entering with a SL and market price too.
2. Option of square off partial qty.(Can be charged as per orders)
What Im doing now is

I buy each lot of future 2 times in BO so that I can sq off for 2 targets separately.
It is very easy to ask for these things and may require lot of attention and smart work from your team.
Once again hats off to u for such a great service.
Thanks
Jagadish
Reply

DEAR SIR,
in BO, how to move my stop loss order manually like trailing stop loss order.
entry tatasteel 470

target absolute 10 (470+10=480)
stop loss absolute 5 (470-5=465)
after tatasteel goes up 480

target absolute 10 (470+10=480) same
stop loss absolute how to move value 478????
best regards
guru
Reply
Nithin Kamath says:

Guru, if you want to move the SL, you need to mention the trailing SL. See the example above. Click on trailing and in absolute mention 1. So for every point tata steel
goes up by, the SL will also go up by 1 point.
Reply
m.paramaguruparan says:
Dear Nithin,
thank u for your fast repaly.
yes, but i want to know, trailing SL is fixed with trailing tick,
but i am asking about manual trailling SL
pls replay
guru
Reply
Nithin Kamath says:

Go to the order book, pending orders, and click on the pending SL order that will be there,and modify its value.
Reply

sorry for previous post
if tatasteel goes up to 479
target absolute 10 (470+10=480) same

stop loss absolute how to move value 478????
best regards
guru
Reply
358. paramaguruparan says:

yes sir, its working, thanks, but how to identify target and stoploss order all are same,
any special colom name incuded???
if orders splited how to modify all orders ???

best regards
guru
Reply
Nithin Kamath says:

Order status will show trigger for Stoploss.
If they are split, you will have to modify individually
Reply
359. 1sabarivasan says:

i like to leave the squre off space empty. is it possible while placing order? i just want to fill stoploss and trade price and like to use exit button or fill squreoff value by
modifying.
Reply
360. PriyaRamesh says:

02 May 2014 at 01:18 PM

The range thing might take a while, but we are working on having the feature of entering a bracket using SL as soon as possible.
Sir,
Whether the above feature is available now
Reply
Nithin Kamath says:

No.
Reply
361. Nitesh sharma says:

Hi Nithin,
Few Queries , MY id DN0569

will Request you to once check the same and help with the order .I put by Bracket order today for INFY 50 quantities. since the bracket order is a limit order i placed the price
as 2675 above the market price when the price was trading as 3661 to my surprise the order got executed at 3661 only . How do i Avoid this Situation in the current form till
SL-L is enabled in the Bracket order . Also my order was for 50 shares and it got executed for like 2 shares 3 shares anyway to avoid all this since while exiting it creates a mess
i want to exit manually , have to modify many orders in place of 1 which takes time and also results in price movement when the price is going against you .
Reply
Nithin Kamath says:

Working on both these things Nitesh.
Reply
Nitesh Sharma says:

HI Nithin ,
Can u help with some other way to use bracket order to avoid this in the interim .
Reply
Nithin Kamath says:

Entering using a trigger is something that should hopefully get approved at the exchange soon. If you are intraday trading, id suggest you to look at futures
rather than Infy equity, that way you wont have to worry about if the order gets executed in multiple trades.
Reply
Nitesh Sharma says:

Thanks Nithin for the Prompt reply But it will be Realy Great help if the SL-L order gets added into Bracket System , and this Bug of Multiple orders get
removed since all the Stocks are Not traded in futures
Reply
362. yogaraj says:

HI SIR BRING BUY ABOVE ENTRY WITH STOPLOSS LIKE BRACKET ORDER ENTRY
Reply
363. Swaroop says:

Hi Nithin/Hanan
I know as of now initiating Buy/Sell with Market Order in BO is not available, and have been waiting for this option eversince.Would it be made possible anytime soon?
Reply
Nithin Kamath says:

It is quite tricky to get approvals from the exchange, but hopefully should happen soon.
Reply
364. RB0668 says:

Hi
when will start BO facilities in Z5 html webbase trading platform?
Regards
Bhavik
Reply
Nithin Kamath says:

Something our tech vendor is working on.

Reply
Investor says:
Z5 does not have Bracket Order yet. PI does not have too. Can this be done in both please? Thanks.
Reply
Nithin Kamath says:

Yes Pi will have brackets very soon. Z5 doubtful, but we will work on having it live on Kite our web based platform.
Reply
365. Robin says:

October 18, 2014 at 12:37 pm
Hi Nithin,
I have traded using Bracket order (with trailing stoploss) and found it extremely useful- especially in trading futures. Thanks a lot for this wonderful facility.
I have a doubt regarding trading in Futures . Will be very grateful if u could please clarify the same.
I read some where on this site that, if the RMS team squares off a future open position, then there will be a charge of Rs.20 (call & trade charge). Please clarify if
1) the Rs.20 charge is applicable only for squaring the position at the time of expiry of contract (if I dont do it myself) position taken using the code- Normal
2) is the Rs.20 charge applicable for intraday square off at 3.20 p.m (position using the code- MIS)?
3) is the Rs.20 charge applicable for intraday square off at 3.20 pm (using Bracket Order)?
Thankyou.
Reply
Nithin Kamath says:

Robin, the extra Rs 20 is charged only if our risk management team squares it off manually when you dont have sufficient funds to hold your position. MIS and BO auto
square offs at 3.20pm, doesnt cost anything extra.
Reply
Robin says:
Thanks a lot for the reply.
Reply
366. SBK says:

Hi nitin, When can we expect Stop Buy & Stop Sell order under bracket order system. For my trading strategy i need stop buy & stop sell system. any idea abt it???
Reply
Nithin Kamath says:

SBK, this is something that is still at work.
Reply
367. harikumar says:

Hi,
I had a query/clarification. this morning I had a short trade placed with a trailing stop loss on bank nifty. after it went down it recovered for some time and went back up to
16537.95 , whereas I notice that my trailing stop loss had been executed at 16540.09.
1. when the future had not crossed the stoploss trigger how did the trade get triggered.( since the market came down substantially again from there I missed quite a bit of
profit because of this)
2. or is the trigger in your system given with a + or range and does it get triggered if it is anywhere near the actual price also.
if this can be clarified I would be grateful since it is not nice to lose profit because of a software glitch
regards
Reply
harikumar says:
October 27, 2014 at 10:10 am
hi nitin,
is this query being deliberately ignored ?
Reply
Nithin Kamath says:

October 27, 2014 at 11:26 am
Sorry Hari, had missed this. Check this link and my answer.
There is no technical glitch or we dont have any range in which it gets triggered. A lot of ticks that happen on the exchange doesnt really get captured on your
snapquote or marketwatch window. Because of this, you might not have seen a particular traded price on the marketwatch, but it would have occurred if the trigger
has gotten activated. So when it went to 16537.95, it is very easily possible especially on banknifty that there was a tick at 16540.9 or above, which triggered your
SL.
Reply
368. Anand says:

Hi Nithin,
Pls clarify under Bracket orders,
1. if we can modify the SL and Target once placed the order depending on the movement of the price.
2. Instead of tick/Point it would have been easier if we punch price itself (Eg.
for Long position : Entry : Rs.146, Target : Rs.150. and SL :145 )
Thx
Anand
Reply
Nithin Kamath says:

1. Yes you can.

2. That wont be possible, bracket orders are designed in the way we have presently.
Reply
369. Ravikiran says:

Hi hanan
Was wondering how to get Index graphs and nifty spot prices in ZT 3.11
Reply
Nithin Kamath says:

October 26, 2014 at 10:38 pm
Ravi, not possible on ZT. Will be possible on our new upcoming platform Pi.
Reply
370. Dharmateja says:

October 26, 2014 at 11:33 am
nitinji,
I heartfully congratulate you for tremendous success in your early life, really you deserve that for your hard work and intelligence.
Regarding bracket orders please put SL-M fecility alongwith limit order.
Ex. stock price -100/-. I want to buy at 105/-. My stoploss is 98/-. Target is 112/-
in the above scenario i have to sit infront of screen till the stock price reaches 105/-
if you are enabling SL-M order in bracket order i have no need to sit in front of screen.
With my little understanding at present you are providing 3 orders ( buy,profit,s.loss)
for single commission i.e Rs.20/- that means one stoploss order is already there.
If it is not technical problem only commission problem and not possible to provide 2 stoploss orders for Rs.20/- in a single order, you charge rs.25/- or 30/- for such orders and
inform the clients those who want to utilize SL-M order in bracket order will be charged more. Interested clients only can utilize that. others utilize normal limit orders.
Reply
Nithin Kamath says:

October 26, 2014 at 10:45 pm
Thanks Dharm, Yes we are looking at getting entry using SL-M approved for bracket orders.
Reply
371. Prashant kumar says:

Nitin Sir,
This is Prashant.
Kindly tell me a way of putting 10 paisa as initial stop loss and trail should happen at every 10 paisa movement in my direction for an equity with price of Rs. 30.00, using
bracket order.
Reply
Nithin Kamath says:

Prashant, presently the minimum ticks is 20 or 1Rs, so what it means that you cant really put a 10 paisa (2 tick) trail. So if you are buying a stock at 30, minimum SL you
can place using BO is at 29 (1point or 20 ticks below) and then you can trail for every 2 ticks or 10 paise. That means stock goes to 30.10, SL becomes 29.10. So in your
SL window on Bracket order, mention absolute and 1 or ticks and 20. Keep the trailing ticks as 2.
Reply
Prashant kumar says:

October 27, 2014 at 11:05 pm
Sir, clear my two doubts:-

1. Has all the bugs of Bracket Order has been fixed now? Like previous problems of few functions used to NOT work after the user getting logged off?
2. Can I put absolute values in squareoff and StopLoss field as Rs. 1.03 or 1.07 or 2.3etc, in case of equity cash?
Reply
Nithin Kamath says:

October 28, 2014 at 12:18 pm
1. yep, no issues.
2. Yes you can put absolute values. But minimum SL is 1 point or 20 ticks.
Reply

October 29, 2014 at 12:17 pm
Nithin Sir,
You have already done lots of work for the benefits of retail traders by starting Zerodha. We know Zerodha stands for Zero-Rodha which means zero
barriers which shows your clear intention of creating a platform that retail traders should not face any problems(Rodha) in trading.
But still two(2) problems(Rodha) in BO, which all Retail traders are impatiently waiting to be solved are:-
1. For using BO in equities, Minimum Stop Loss should be decreased from Rs.1 (20 ticks) to 10 paisa(2 ticks) so that they dont have any barrier in using
BO for stocks of lower prices like Rs.30, Rs.85, Rs.100.etc.
2. Introduction of SL-L or at least SL-M for entry. We know you are already trying for it for getting approved from exchange, but can we get any timeline for
this like 1 month, 6 months or 1 year?
Zerodha has already been proved as a zero-rodha platform for all of us but if these two things also can be done very soon, then zerodha will be definitely
become more and excellent zero-rodha platform for retail traders and also become a blessing for all traders.
Reply

October 29, 2014 at 10:58 pm
Nithin Sir,
You have already done lots of work for the benefits of retail traders by starting Zerodha. We know Zerodha stands for Zero-Rodha which means zero barriers which shows
your clear intention of creating a platform that retail traders should not face any problems(Rodha) in trading.
1. For using BO in equities, Minimum Stop Loss should be decreased from Rs.1 (20 ticks) to 10 paisa(2 ticks) so that they dont have any barrier in using BO for stocks of
lower prices like Rs.30, Rs.85, Rs.100.etc.
2. Introduction of SL-L or at least SL-M for entry. We know you are already trying for it for getting approved from exchange, but can we get any timeline for this like 1 month, 6
months or 1 year?
Zerodha has already been proved as a zero-rodha platform for all of us but if these two things also can be done very soon, then zerodha will be definitely become more and
excellent zero-rodha platform for retail traders and also become a blessing for all traders.
Reply
373. rkkutty says:

can i avail margin for penny stocks (below 2 Rs) under bracket order
Reply
Nithin Kamath says:

No.
Reply
374. Hims says:

Hi Nitin
Im an intra-day trader and very keen to have trading account with you. As of now, what I know is that via you I cant place Bracket Orders in NSE as After Hours order i.e. your
current platform will accept Bracket orders from 9:15am onwards only.
However, as a trader first few minutes are my edge and the best entries are during those minutes only hence currently your NEST is not useful to me. Im using Sharekhan
which provides Bracket Orders as After Hour Orders in NSE scrips which is a great feature for traders like me.
I came to know from your team that in Pi bracket orders can be placed as after hour. Can you confirm this please because if this is the case then I wish to have trading
through you.
Cheers!
Reply
375. NAVEEN KUMAR says:

this BRACKET ORDERS & TRAILING STOP LOSS (SL) is for intraday or Is it applicable for delivery trading also ?
Reply
Nithin Kamath says:

Only for intraday trading.
Reply
376. Sanjay Terani says:

Can we place BO n CO in mobile application
Reply
Nithin Kamath says:

Not BO, but CO u can.
Reply

Nithin Sir,
You have already done lots of work for the benefits of retail traders by starting Zerodha. We know Zerodha stands for Zero-Rodha which means zero barriers which shows
your clear intention of creating a platform that retail traders should not face any problems(Rodha) in trading.
1. For using BO in equities cash, Minimum Stop Loss should be decreased from Rs.1 (20 ticks) to 10 paisa(2 ticks) so that they dont have any barrier in using BO for stocks of
lower prices like Rs.30, Rs.85, Rs.100.etc.
2. Introduction of SL-M for entry. We know you are already trying and working on this for it for getting approved from exchange, but can we get any timeline for this like 1
month, 6 months or 1 year?
Zerodha has already been proved as a zero-rodha platform for all of us but if these two things also can be done very soon, then zerodha will be definitely become more and
excellent zero-rodha platform for retail traders and also become a blessing for all traders.
Reply
homer says:
SL-M is probably the most awaited. For day-traders like us, this is a tool that makes a lot of difference.
Nitin sir: any tentative timeline for this.
Reply

YES dear, me and every Intraday trader like us is impatiently waiting for this feature SL-M for entry. Any tentative timeline for this, nitin sir???? Like 1 month or 6
months or 1 year???? We know it depends on getting approval from the exchange but any timeline which may seem to be sufficient for getting approved from
exchange??? Nitin Jee reply pls.
Reply
Nithin Kamath says:

Unfortunately not in our control.
Reply
Ajay says:
June 4, 2016 at 5:35 pm
Dear Nitin
I request we need some improvements in Zerodha nre trading. Sometime there is remains gap In communication with nre pins account with other bank and
Zerodha nre trading account. Please look into details n make some changes where necessary.
Reply
Nithin Kamath says:

June 5, 2016 at 1:17 pm
Ajay, we have to coordinate with the banks everytime there is a transaction, and unfortunately this painful process cant really be simplified because banks
are rigid in their processes.
Reply
378. D.Omprakash says:

Hi Nitin I really sorry to say that u r customer care number often busy or network nor reachable. Its really annoying and the second problem is mobile application not working
(NEST MOBILE) really irritating when i am in position. Even today 07-11-2014 not working. I am in position today. Kindly help me out to resolve this issue. Thank you.
Reply
Hanan says:
There was a temporary issue with the Zerodha Mobile app server which has now been resolved. You should be able to trade using the mobile app without any hassles now.
The desktop and mobile versions were working fine during this time so most of our clients were able to place orders uninterrupted.
Reply
379. Aziz says:

Nitin,
Please let me know if there is an upper cap in terms of number of Bracket orders (with separate trailing stop losses) that Zerodha/Nest trader can handle simultaneously.
What I am trying to ask is if I place 100 BO, with 100 separate trailing stop loss conditions, will Zerodha/Nest trader will be able to handle all 100 of them?
Many thanks,
Aziz
Reply
Nithin Kamath says:
Yep, it will be. We havent set any individual limits as such.
Reply
380. abhinav says:

Hi , Nitin sir,
I thank zerodha for the new feature , I want to use the BO feature
my query is what happens on part execution of the limit order

for example if I place a BO of buying 500 nifty at 8380 and
LTP is 8383
and
my absolute target is of 20 points that is 8400
and sl of 10 points that is 8370
what happens on part execution of the order

suppose instead of 500 qty of nifty
i got only 200 nifty filled at 8380
so what will happen in this scenario
will the target and sl quantity will automatically be adjusted to
200 as against actual quantity of 500
and also
if in case the BO was left open and
say at 9.45 am i got 200 qty buy filled @8380 and none of the
target and SL met , and I dont keep trailing order
and at 9.55 am another 200 filled @8380
so I bought 400qty @8380

now
1. can I cancel the pending quantity of 100 as 400/500 got filled
2. Can i modify the BO of buying of unfilled qty , that is 100
instead of buying at 8380 can i modify it at 8375
and
3. will the target and SL quantity be automatically adjusted for
the position I am holding as at 9.45 it should have been 200
and at 9.55 automatically should have changed to 400 qty
what happens in such scenarios where part execution occurs ???

and so is the system smart enough to automatically
adjust the quantity of only the position u r holding
thanks , and wish u guys keep getting new features for Traders
Reply
Nithin Kamath says:

SO when out of your 500, 200 gets filled immediately target and SL is placed for this 200.
1. Yes you can cancel the pending.
2. Yes.
3. Yes.
Yes, the system is smart enough to group all your bracket order positions. The only tiny issue is that, you will have 2 exit orders and 2 SL orders each of 200 as in your
example. If you want to modify, you will have to do this individually as they are separate orders and not for 400 at one time.
Reply
ADHIK says:
dear nithin
would u explain me why leverage is different for future and equity for same stock for BO..eg for tatamotor future 27 nov required amount is around 11000 but for
equity it is showing around 24000.
Reply
Nithin Kamath says:

The execution risk on futures is much lesser because contracts are traded in lots and there is enough liquidity. But the difference should not be around so much,
will have it checked.
Reply
381. Senthil says:

Hi,
whether Bracket order facility is available in mobile platform. If not is it feasible to install the ZT (desktop) version in tablets (Android/Windows 8).
Reply
Senthil says:
Any update on this query?
Reply
382. Sanjay Terani says:

Can we partially sell BO
Reply
Nithin Kamath says:

No.
Reply
383. Nishant Raj says:

Hi Nitin,
Thanks for providing BO facility in your trading platform.

But I think it will be more useful if you add the option of SL Limit and SL Market in BO also.
Regards,
Nishant
Reply
Nitin jee,
When we will get BO in web version as well?
Reply
Nithin Kamath says:

It will take more time Prashant.
Reply
RAJ says:
Dear Nitin,
At least you can provide the option of exiting the BO order from WEB ..
I dont recall exactly but it was there before i guess.
Today i tried to exit . but i cudnt. We can set up a trade in the morning from house and later in the afternoon , if we wish , we can update or exit the order from WEB
version from office.
CO order exit option is there.
Raj
Reply
Nithin Kamath says:

Raj, our new web based application that we are working on will have this feature.
Reply
385. Vrushali says:

Hi Nithin, Thanks for the info. but I am unable to put bracket order on my ZT terminal. I am using 3.11.2 terminal. using right click on a scrip also doesnt show the pull down
menu against the bracket order
Reply
Nithin Kamath says:

Send a request to support@zerodha.com to enable bracket for you.
Reply
386. ganeshms says:

hi Nithin
If i have selected the Bracket order (say for example i made a buy call). In the case of Bracket order market has to move in my direction with the trailing stop loss (that is short
side). But if suppose after buying the market starts moving opposite (that is market moving downwards) what will happen to trailing stop loss. Say for example if we buy Bank
Nifty for 17550 Target as 17600 and stop loss as 17500. If the market starts moving down say it reaches 17540 what will happen to the stop loss. (Take Trailing stop loss as 10
absolute points).
Regards
Ganesh MS
Reply
Nithin Kamath says:

Trailing SL moves only when the market price moves in your favor, otherwise it remains as it is. So if market comes to 17540, trailing SL will remain at 17500.
Reply
387. AS says:
NIthin,
This point was mentioned in one of the earlier comments as well. Can the default option for Bracket order be set as Absolute OR at least configurable for a user so that he
can save the preference?
Secondly, like many others, Im also looking forward to BO in web version as that would be the best feature in ZT for me. Hope you can roll it out soon
Reply
AS says:
Nithin,
Can you look into my comment?
Reply
Nithin Kamath says:

Yes, we have put a request with our tech vendor to set an option by default. This might be available in the next version of ZT. Bracket on web is something that we
are working on.
Reply
388. homer says:

Hi Nithin,
It would be a good idea if there could be another button Square off all which would automatically square off all pending target orders (in case of large order) if one realises
that the target price will not be met. The simple reason being that the trader will not be able to exit on all pending Target/SL so fast and may result in loss or less profit once
Stop Loss is triggered.
Reply
Viji Thomas says:

Its better to have a tick option for selecting the pending orders we wanted to square off.
Reply
Nithin Kamath says:

Homer, the exit button on pending orders already does this job. If say there are multiple pending because of the original order executed in multiple trades, choose one of
the pending target order, and click exit. All the pending target orders corresponding to your original bracket order will be squared off at market.
Reply
homer says:
Thank you Nithin for taking time out and helping me with my question. This is indeed well thought functionality. :)))
Reply
389. PT says:
Not sure if this is right forum, but its quite active so will shoot my related question. I am in GMT timezone so 5.5 hrs behind India hence I cannot watch the market from
opening. So I am looking for an option to put one order that will satisfy following options. Consider todays close of RIL is 990 and I want to do the following on next trading day
in SINGLE order.
1) Buy RIL if it goes/opens above 1000.

2) With sl of 950.
3) Target of 1050.
is this possible in one pre-market order?
Reply
Nithin Kamath says:

You can use after market orders, check this post. The only issue with this is that you will need not be able to place a sell/SL order in CNC(delivery mode) unless you have
the stocks in your demat account. If you want to place a MIS (intraday) order, yes you can, but you will need extra margin to do so. Each of the orders will be considered
as separate orders. But as soon as one gets executed, the margin for the other two gets unblocked.
Bracket orders cant be placed as AMO for now.
Reply
PT says:
Thanks Nithin,
Yeah at the moment I need twice the margin to place 1 order. not worried about cash, I trade in futures. but get your point. is it in road map to support this? would be
of great help for people like me trading with pre market orders.
Reply
Nithin Kamath says:

It is on our list of things, but might take a bit.
Reply
PT says:
Not a problem Nithin, Patience is my biggest learning in market
Reply
390. Amit says:

Hi Nithin,
Tried BO for a while, before the Nifty lot size change.
Even for a small BO (limit) order of 10 lots, the TSL system was splitting the SL order in-to as many as 6 partial orders and I was charged a brokerage of 140/- for one BO
order. Zerodha support says they cant do much because they are charging 20/- per exchange order.
Now that the lot size is 25, my BO for 500 Nifty options (20 lots) could possibly get split into more exchange orders and I may end up paying more brokerage.
Is there anyway you could fix this ?. BO is a great feature, but high brokerage is a hurdle. Do you think you could consider charging a premium (but fixed) brokerage,
irrespective of number of partial orders.?
Thanks,
Amit
Reply
Nithin Kamath says:

Amit, bracket orders do cause us a huge incremental cost in infra as compared to normal orders. Assume that there are 1000 clients with a 1 absolute point as trailing SL,
that means 1000 new orders are placed everytime Nifty moves by 1 point. We have had to upgrade a lot to be able to support this. The reason you might end up paying
more for this is because we are ending up spending a lot more just to support bracket order feature.
Reply
tpanja says:
does this logic (splitting order ) also apply on cover order facility
Reply
Nithin Kamath says:

No.
Reply
391. partha says:

Hi, I want to know the following on the Bracket Order

if i put ,
buy call @ 710
target Sell call @ 10 Absolute
sl @ 5 Absolute
Trailing SL @ 5 Absolute ,
and the price moved up to @ 730
What will be the Profit price @ 720 or above that ?
pl. give reply.
Partha Karmakar
Reply
392. Meiyarasu says:

How to enter a new trade by stop loss limit order using Bracket order.
Reply
Nithin Kamath says:

Not available as of now.
Reply
393. adhik says:

dear nithin
i have noticed twice that trailing stop loss doesnt work properlye.g. today traded in tatasteel . i bought shares at 432 with trailing stop of 50 ticksit should have been bought
at 29.50but it traded at 429.3 and 429.35.this is my second experienceplease look into it.
Reply
Nithin Kamath says:

Adhik, When mentioning trailing SL, there are two boxes, SL and Trailing ticks. So if you want to set a SL at 429.5, the first box in the SL section, you mention 50 and in
the trailing ticks box you mention for every how many ticks change in tata steel price do you want the SL to be modified. So if you mention 20 ticks, if Tata steel goes from
432 to 433, the SL automatically goes from 429.5 to 430.5. can you try doing this, it should work.
Reply
adhik says:
nithin
my issue is not that..i placed 50 in first boxand 1 as trailing ticks..even the stop is not trailed by 1 tick,it should not have executed below 429.5,and it did for
429.30..dont you agree?..it is not trailing but pushing the stop further down .you can check my order for DA0764
Reply
Nithin Kamath says:

Adhik, the minimum trailing is 20 ticks, so dont know how you managed to put 1 tick there. But yeah, if you had mentioned 50 ticks in the first box the SL
should have been 429.5 when market was at 432. Can you try this once again (I will not be able to retrieve your historical order details), and if same thing
happens send an email to nithin@zerodha.com with a snapshot of this.
Reply
394. chand006 says:

Can we place bracket order for commodity trading also?
Reply
Nithin Kamath says:

December 21, 2014 at 10:24 am
No Chand, not approved by MCX yet.
Reply
395. D.omprakash says:

Hi Nitin recently i have changed my handset mobile. Actually i am using nest mobile trading apps which was available in android version. When log in in my new handset it says
the following one: THE DEVICE CONFIGURATION DETAILS ARE CHANGED. PLEASE CONTACT YOUR ADMINISTRATOR TO RESET YOUR DEVICE. What does this means and what i
need to do to resolve this issue. Kindly help me out
Reply
Nithin Kamath says:

Send an email to support@zerodha.com with your client ID, they will have this reset for you.
Reply
Hanan says:
Ive just reset your mobile device configuration so you should try and login now. Its gonna work.
Reply
396. Prakash Joshi says:

Bracket Order: What is type of stop loss order Limit or Market?

What are chances that it will not get executed? (in case of sell sL order if order type is Limit and market is falling rapidly, by the time triggered SL order get registered in
exchange market has already moved below SL . In case of market order because of rapid movement of market , market order price goes out of execution range and order gets
cancelled)
I am specifically interested in Multiple lot NIFTY Future bracket orders.
Reply
Nithin Kamath says:

Stoploss orders are all markets in BO. BO is allowed only on the F&O stocks, and there is always liquidity available on these. If you are trading on Nifty futures using
bracket, there is never a question of your SL not being executed.
Reply
Prakash Joshi says:

Thanks for quick reply. This also means that if SL SELL order is placed with 10 points trigger it may get executed at price different than exactly at 10 points below BUY
price.
I am trying to assess the possibility of trading multiple(10 to 20) Nifty future contracts at a time through BO aiming very small profit of 1 to 2 points without hitting
nuisance SL by setting trigger at around 10 points. Expect to complete the trade within 3 to 4 minutes. however wish to ensure once SL is triggered SL order is
executed at set level.
Hope I have been able to communicate to you my thoughts
Reply
Nithin Kamath says:

Prakash, once the trigger is hit, SL is a market order and hence there is no guarantee of it getting executed at a set level. Since you are trading Nifty futures,
most of the times you will get a price that is around the trigger price. But if market is falling and you have a selling SL-M, and your trigger is hit, the selling price
could be lower than your trigger price by a few points.
Reply
Prakash Joshi says:

Thank You.
Reply
397. abhinav says:

PROBLEM FACED IN BO
ID DA0890
hello ,
I traded banknifty 18400PE today
i had placed a bracket order with SL of absolute 6 points and target absolute 6 points
I had placed 3 separate BO for banknifty dec/14 strike 18400pe
buy at 32 SL 26 qty2500
buy at 30.15 SL 24.15 qty2500
buy at 27 SL 21 qty2500
the problem i faced was that

only some part of the quantity got sold at SL
and i was left with naked position of majority of my quantity despite SL hit for all
the quantity
the error message at order book was

17070 the price out of execution range
I had to call at backoffice and to get my position

squared off as all new sell order was rejected by the system
due to insufficient funds
I was unable to square of my position
i suffered huge loss due to failure of complete execution of SL order
the problem i faced was due to sudden volatility and my

all of my SL didnt triggered
can i get the reason for this

and loss incurred due to this strange partial execution of SL
Reply
Nithin Kamath says:

My guess is that this happened because your SL was out of execution range set by NSE on that particular contract. It is best to send all such individual issues directly to
support@zerodha.com.
Reply
398. Amit says:

Hi! Nithin i am a scalper and as you know that for a scalper BO is a blessingi was very excited when you announced it for your retail clients but i am eagerly waiting for stop
loss limit order in BO.
I want to open my trading account with you as soon as possible so please tell me when can i expect stop loss limit order in BO, i wont mind paying extra fees for it.
Thanks.
Reply
Nithin Kamath says:

Amit, entering BO using SL is something exchange hasnt approved yet. So cant really tell you how long before they will.
Reply
Amit says:
Thanks Nithin for the quick reply, is there any outside solution for it i mean any algo type solution for this problem for a specific client.
Thanks.
Reply
Nithin Kamath says:

Nothing as of now Amit, but we will have something very interesting during the course of 2015.
Reply
399. DN1062 says:

Dear Nithin,
Please let me know to place the Bracket Orders for large orders.
Can I able to place multiple Bracket Orders through Basket Orders.
Plz advise,
Thanks,
Reply
Nithin Kamath says:

No, you cant place brackets using basket orders.
Reply
400. Ram_babu says:

say i bought 3 nifty fut at different levels under BO orders . so there will be 3 TP and 3 SL order in order Book. at such a point i found that nifty running 15 point above my Avg.
Buy Price and i want to sell all under one order. what is d procedure to exit all.
Reply
Hanan says:
You can select multiple orders at once and by holding the control key down and then choosing the exit option. This may not work for different scrips, but it will work for
the same scrip.
Reply
401. DN1062 says:

Appreciate your quick response.
Thanks a lot,
Nagesh
Reply

Hi nitin i have a regular complaint on zerodha q in p/l summary. Actually i have sold all my shares in south indian bank. But when i select p/l summary and choose date from
23-12-2014-26-12-2014 net quantitiy shows as 500. but when checked in holding it is fine. The reason why i am adressing this is becuase when net qty shows 500 in p/l
summary it ultimately reflects in realised profits. This is not the first time many happening like this. Raised ticked many times getting resolved aganin after 1 or 2 days again
happenning. It people says some bugs occurs. Lots stress and tension happening due to this. Try to cal one of your rep and resolve this issue else plan to switch on to other
broking firm. MY ID: DO0042. PHNO: 9566068331
Reply

Very bad customer service . Nitin still i dont get any reply either from u or from support team name srinivasan, sumithra and not even re opened my ticket or initiated new
ticket. Tell me if the same service continues else i will make such arrangements to change my broking firm. Its not a matter that u give discount brokerage but customers need
good service. This is really ridiculous and making customers tension and giving stress to them Again MY ID DO0042
no: 9566068331. Omprakash
Reply
Hanan says:
Well get someone to speak with you and figure out a way to help you out.
Reply
Hanan says:
Glad to hear that your issue has been resolved.
Reply
404. Manoranjan Mudra says:

Hi Nitin..when orders for buy or sell executes partially..and i am modifying the price of remain lots due to not getting the price..in that case what is the calculation of brokerage
..
Reply
Nithin Kamath says:

When you modify the partially executed order to another price, the original order number doesnt change, and hence there is no extra brokerage for the entry order. But
because you modified, the SL/Exit orders are placed as separate orders, and hence that would have Rs 20 extra. So for example if you placed 1 order to buy 10 lots of
Nifty and you modified it once. Entry : Rs 20, Exit : Rs 20 + Rs 20, so together Rs 60.
Reply
405. Prafful Madhusudhan says:

Hi Nithin,
Please let me know by when Pi will be available for trading.

I saw the sneak peak video and its good trading application, I have signed up and waiting for it. Please reveal the date of launch.
Reply
Nithin Kamath says:

Praful, we will have our final beta release before end of next week.
Reply
406. Praveen says:

hey Nithin please allow bracket order in Zerodha mobile too. It is not possible always to sit infront of laptop and trade sometime situation demands us to be on the move, in
that case we cant use bracket order as we are forced to trade on mobile when we are on move. So please try to make cover order or bracket order for mobile application too
Reply
Nithin Kamath says:

Yes Praveen, we are working on this.
Reply
407. tpanja says:

today and also tomorrow I placed Bracket Order in nifty option ..
I put Entry price , SL , Square Off price and place the order .
system took this and execute my trade .. but unfortunately it hit SL which is very common in trading
but problem arise when i show that my contract note showing that Entry order got same order no. but and SL order has different order no so Zerodha charge 5 trade in place of
only single trade .
now i wanna know that If my entry order had single order no. than why SL and Square off order got different order for this i have to pay 5 times more brokerage
I placed single order it also execute as an single order and if system took this as multiple order than why I suffer you guys always say that if order execute partly you guys
took this as Single order so why this time it change
please clarify this . and also know that is this same thing apply on Cover Order also
Reply
Nithin Kamath says:

It is explained in the blogpost above as well as a bunch of questions, bracket orders dont work like normal orders. This doesnt apply for cover orders.
Reply
408. vivek says:

is it possible to save a BO in excel and import it to nest trader(just like its possible with basket orders. pls note that am not asking for a basket full of bracket orders that many
ppl above have asked for)?
the reason am asking this is that for a BO, multiple cells of data have to be filled in like qty,sl, tgt, limit price. and there is good opportunity as soon as the market opens at
9:15 and if its pre saved, then all ill need to do is load them up one by one
Reply
Nithin Kamath says:
Not possible as of now Vivek.
Reply
Kumar says:
Hi Nithin,
I feel at home with Zerodha, thank you very much for all you do especially the remarkable personal touch and transparency parts of it, I was tired of being taken for
rides earlier.
A basket order of many BOs would help tremendously along with a facility to download / upload csv file of the same. Is there any way we can get this facility..?
Thanks
Warm regards,
Kumar
Reply
Venu says:
Thanks Kumar for your kind words

Basket order is a vendor product. Itll be a little difficult at the moment to be able to provide the Basket order facility for Bracket orders. Nonetheless, well speak
to our vendors and do our best.
Reply
Kumar says:
Hi Venu/Nithin,
I can understand how skeptic the exchanges would be to allow scripting like BO itself for retail traders but going by what you guys have been able to
successfully get for retail traders (e.g. BOs with trailing SL and TGT), I would wait to get a facility to place a basket of BOs with csv download/upload
facility it will be a game-changergiven this, there is almost nothing extraordinary an institution will have access to in terms of facility that a retail trader
would not have, thanks to Zerodha. I will patiently wait for you to get us this facility. Keep, if you wish to, a qualification (win the 60 days challenge, or
something equally stringent) for enabling this.
Thanks for all you guys do you are passionate, it shows. I have enrolled in to the 60 days challenge, will win it hands down.
Regards,
Kumar
Reply
Venu says:
To be honest, its not in our interest to not provide features that our clients want/request for. But at the end of the day, were vendor dependent as well.
Considering the complexity of the order, itll be difficult to provide this feature for now.
Reply
409. patel yashvant says:

i munable to use bracket order.facilityplz help me..
Reply
Nithin Kamath says:

Send an email to support@zerodha.com with your client ID.
Reply
410. Manjith says:

Sir in the order book there are 2 pending orders are there. If I want to exit before Target or Stoploss i.e. interim or at cost which one to select exit. Whether Pending Target or
Pending SL, or if I select any one to exit will it exit both.
Reply
Nithin Kamath says:

You can select any one to exit, the other will get cancelled.
Reply
411. Umes says:

Q1: I have a Windows mobile phone ..is there an APP for it form Zerodha?
Q2: I am a working professional ..i want an interface with just plane back ground ( like icicidirect ) .is that possible ?
Q 3: Do you have a youtube video with demonstration of yr trading platform?
Thanks,
Umesh
Reply
Nithin Kamath says:

1. Yes
2. We have a web based platform, trade.zerodha.com, you can login there and trade (plain background).
3. We dont have for trade.zerodha.com, but we have blogposts on all the other platforms here.
Cheers,
Reply
412. Vipul Sethi says:

Hi Nithin,
After reading your blog , I have some queries to start with as I have recently opened an account with you guys
1. I want to trade using SL-M order as I generally trades breakouts so I need SL-M order. My query is : what will be a preferred option for this- Normal order, Cover order or
Bracket order as I want to have higher leverage too if I can.
Ex: NF trading at 8200, I want to long if trades above 8210.
2. IF I use Normal order and put a sell bid of my longs of 10 lots, will I charges Rs 20 of selling order or it can be higher if executed sell order have multiple transactions ?
3. I have asked question 2 because of reading problems of traders using BO.

Reply
Nithin Kamath says:

Vipul,
1. Normal order is the way. Using CO and BO, you can enter trades using a SL-M
2. If you place a normal order, irrespective of how many trades it takes to execute your order, you pay only Rs 20.
3. Even in BO, the original order is charged only Rs 20 if executed in multiple trades. But since for every trade, a new bracket is placed, multiple exit orders are created
based on the trades.
Reply
413. Abhi says:

Is it possible to give a bracket order, in which order is placed by trigger price.
Example:- Buy NIFTY above 50*, S/L 45 and target 60.

Is it possible to give all these things in one order?
* here CMP is 44.
Reply
Nithin Kamath says:

No Abhi, not possible for now.
Reply
414. vivek says:

maybe a dumb question, Is it possible to trail the SL in BO order manually. i mean, i dont want to set a trailing SL. for eg: if the first target is hit the bring the SL to that point
(manually), and when 2nd target is reached, again bring it up to that point(manually) and so on.ive used BO orders but still dont know how to do it, if at all its possible.
the problem with CO orders is that although SL can be modified, it has to remain in the range that was specified at the time of entering and that would mean being able to bring
the SL up to the entry point at best
Reply
PRASHANT KUMAR says:

This feature is most needed in BO and CO. There must the option to trail the SL manually according to a traders own will.
Reply
Nithin Kamath says:

Trailing SL cant be modified Vivek.
Reply
415. drchetan84 says:

January 16, 2015 at 12:55 am
i place bracket order for 1000 axisbank futuresingle order.bt still charged 60 rs brokerageplz helpas whatever no of lotsit should be 40 rs
Reply
Nithin Kamath says:

Dr, have explained in the post above. Your entry order for axis would have gotten executed as two trades. But since we charge per order, you would have paid only Rs 20
for your entry order. But each one of these two trades, a separate bracket order would have gotten placed, and hence you would have paid 20+20 for the exit.
Reply
416. maheshwar says:

Hi Nithin,
can you kindly tell me if there is anything like a guaranteed stoploss of a hard stoploss that can be placed in case of any unforeseen events that may lead to a sudden extreme
move, (if you have observed what happened yesterday with USDCHF, entire accounts have been wiped out for Forex traders), anything at all to safeguard. ?
Reply
Nithin Kamath says:

A stoploss market guarantees execution, but if something like yesterday happens, hmm.. Dont think any SL can help then.
Reply
417. Sukesh says:

Hi Nithin,
Sometimes there is a good move between 3:20 PM to 3: 30 PM.
Is there any way I can use that with Bracket Orders as these get squared off @ 3:20PM?
Reply
Nithin Kamath says:

January 17, 2015 at 10:35 am
Not for now Sukesh. We might introduce this in the future.
Reply
418. Srinivasan M D says:

Nitin,
I have 2 questions for you. I am a new trader at Zerodha and please excuse me if my question is very primitive.
1) Can I place after market order for my options position which I carry forward on regular basis. If so please guide me how to use this.
2) When I see my current position and when i Place the square off order does it show my net position? I am not sure if this does not then should it not show qty under order
placed already so that I will know what is my net position at given time during market hours.
Reply
Nithin Kamath says:

January 19, 2015 at 12:46 pm
1. Yes you can. Check this link.
2. Yes, only when your square off order is executed it gets updated in your net positions. (make sure to click on get positions in the admin positions window).
Reply
419. Deepesh Yadav says:

January 20, 2015 at 12:23 am
HI Nitin
is BO available on web platform ?
Reply
Nithin Kamath says:

January 20, 2015 at 10:52 am
No
Reply
420. Poovhen says:

We dont want gizmo charts, funky layouts, clouds and patterns thru the web. The web everywhere is already slow and clogged with products, ads, luxuries. Too many tools to
decide for us.
For our need is single, simple. Trade. Fast, reliable and from anywhere.
We look above everyday. The sky is almost always clear. But we see no Kite flying.
Reply
421. srinivasa says:

Please bring down the BO brokerage, its too exorbitant, today, i palced order for 125 nos nifty futures, to my bad luck it got in 5 trades and asusually closed in 5 trades, (for
buying Rs. 20 and closing its Rs. 100).
Please come out with some reasonable solution to this problem
Reply
422. Giriraj Sharma says:

Are you planning to provide Bracket Orders and Trailing stop loss for MCX segment too, if yes, by when? Do you have Fibonacci Projections in Pi trading platform?
Reply
Nithin Kamath says:

No, MCX is yet to approve this. Pi has Fibonacci retracements, no projections yet.
Reply
423. Investor says:

This facility is really good. I had to do a couple of trades to get a hang. Crucial is that your brokerage can go up because of multiple split orders however, this is not in control
of the broker or the exchange this is based on liquidity at the time of order placement.
So, suggestion to fellow traders : Please account for the possible higher brokerage in case your order gets split example : I placed BO buy order for nifty 9000CE today for
100, it split it into 75 and 25. Hence I pay 20Rs for buy (buy is one order only) and 40Rs for 2 orders for sell (either SL or Profit).
The above example could have as well been 4 orders of sell (25 each).
So, do account for that probability.
Another strategy could be to have a very high profit point (example: I bought CE9000 at 65, and could as well put 300 as profit target) and use the trailing stop loss wisely so
that your exit will happen at a favorable situation. (ex: If I had put only 10 points as profit then it exits at 75, however if it really went to 100 today, I miss out on the upside,
so the trailing stop loss if used wisely will help make maximum of the investment.
So, this is a great tool for intra-day traders to get into trades with a good trailing stop loss, which even if 50% of trades are successful should be profitable in the long run.
Reply
424. Anil says:

Hi
I understand that option buying in NIFTY in both CO/BO get the same leverage of 140%. I see a price range box for CO, but nothing like that for BO. Does that mean 20% SL
order rule is not there for BO and I can place a BO SL Order at 25% or 40% from current LTP? If yes, will my margin for BO get affected?
Awaiting your response.
Thank you,
Anil
Reply
Investor says:
Hi,
Just using Nithins earlier post : There is no restriction of 1.5% SL on BO, your margin requirement will depend on how far away your SL is. So, this could be dynamic
depending on where your SL is set.
Reply
Anil says:
Unlike futures or option selling..option buying has limited risk and cannot have margin requirements based on a percentage of contract value. Now, in a BO order,
if a SL of x absolute points is placed from the current premium, will it require any additional amount over the 70% of premium paid, based on x.
I was expecting a clarification from someone from the Zerodha team. It would be useful to all.
Thank you,
Anil
Reply
Nithin Kamath says:

Anil, not very clear, can you explain with an example.
Reply
Anil says:
Hi Nithin,
I BUY a NIFTY option thru BO: LTP is 150
1. SL is 20 (absolute).
Target: 200, No Trailing. Could you specify the margin required for the above cases? And how and what will the margins be, if I were SELLing these options
instead for the three scenarios.
Thank you,
Anil
Reply
Nithin Kamath says:

Margin required to sell/short, you can do it yourself on our calculator: https://zerodha.com/margin-calculator/BracketCover/
For buying, the margin required will be 70%. So if you buy 100 nifty options at 150, instead of 15000, you will need 70% of this around 10500
Reply
425. rajkumar says:

Hi Nithin
the price alert function in my nest terminal is not working . ( i dont require mobile alert . all i need is pop up alert ) My pi is activated. Is that option available in pi software. if
yes please explain that..
is there any option to auto exit when a specific price ( target ) reaches ??
Thankyou
Regards
rajkumar
Reply
Nithin Kamath says:

Raj, there is no price alerts like what was on NEST on Pi, atleast for now. The alerts on NEST should start working soon. Auto exits on price alert is not really allowed for
retail. But you could just use SL-trigger orders for that right?
Reply
426. Arjun says:

Wish you could record a video like this

http://www.sharekhan.com/tradetigernew/tsl/TSLBlack.htm
Can you explain how this works for a equity trade with an example of any stock. Great work though.
Reply
427. Arun Kumar says:

Hi Nithin Ji
I am a big fan of Zerodha Bracket Order, i am using it extensively.
I have a doubt regarding Trailing Stop Loss.
If suppose i am buying Nifty Future at 6400, and placing square of 10 absolute and stop loss 10 absolute. Now that i have mentioned sl and square off as absolute values, what
will be the Trailing stop loss be in ? (Will it be in ticks or absolute)
For example i want to trail stop loss by absolute value of 5 points.
Looking forward to hear from you soon.
Thanks
Arun
Reply
Nithin Kamath says:

If you have ticked on absolute in SL, the trailing SL will also be absolute. So yes, click on absolute and under trailing mention 5
Reply
Arun Kumar says:

Hi Nithinji,
Thanks for the swift reply.
is there any way i can set the default to absolute instead of ticks.
Today also i went long in Nifty with 10sl and 20sqoff. Only to find that SL hit as it was in ticks.
Thanks
Arun
Reply
Nithin Kamath says:

Arun, for now you have to do this manually.
Reply
428. pekay says:

Can i have the Bracket order placed on Pi (how?)
Reply
Nithin Kamath says:

Pekay, BO on Pi is still not live.
Reply
429. Robin says:

Hi,
When will BO be allowed in AMO ?
Reply
Nithin Kamath says:

Robin, a little tricky to integrate this in AMO. Might take a while.
Reply

Is their any plans for bringing down brokerage for Bracket orders,
, i palced order for 125 nos nifty futures, to my bad luck it got in 5 trades and asusually closed in 5 trades, (for buying Rs. 20 and closing its Rs. 100).
Please come out with some reasonable solution to this problem
Reply
431. anil says:

bracket order good for intraday trader. but it is somany entries that we couldnt enter in a stock at correct level.so u plse take step to develop an order form which contain sl
and target that we can use after our first order exicuted. also plse take care the margin should be dicrease when second order placed. thanks
Reply

Hi Nitin can you please confirm me today us market for commodity crude oil is open or not. since i came to know that today is washingtons birthday.
Reply

Hi Nitin can you please confirm me today us market for commodity crude oil is open or not. since i came to know that today is washingtons birthday..
Reply
Nithin Kamath says:

Yes US is closed, but our markets will be open. Check this for 2015 holidays on CME.
Reply
434. Metul Adhia says:

Hi, Is the Bracket Order facility available on the Z5? What exactly is the functionality of the Basket Order option which I see on the Z5 terminal or is it the same as Bracket
Order?
Reply
Nithin Kamath says:

Metul, Basket orders are different, check this. Presently, Z5 doesnt have bracket orders.
Reply
435. pavankumar says:

Hi nithin.
My account number is dp1586 . I would like to send a personal email to you. ( ofcourse regards to may account only )
I have a small request which can not be displayed in public. Is there any email address where we can write personally to you.. If so please reply with that. thankyou
Reply
Nithin Kamath says:

nithin@zerodha.com
Reply
436. PDH says:

Hi Nithin,
First of all, I thank you for introducing Bracket Order and Trailing Stop Loss feature,which is helpful to some extent At the same time, it is turning out to be very very expensive
and I have lost (Zerodha has earned) lots of money in the form of brokerage charged to Bracket Orders. If I place one Buy Order of 1000 quantity and the order is filled in 12
different BOs, each BO is being considered as a separate order and brokerage fees are charged for each of the BOs. Whats more? Each of the BO will have corresponding Sell
Order and they too will attract separate Brokerage charges. In the example mentioned above it is as good as paying brokerage for 12+12 = 24 orders. After paying such a high
brokerage, I am left with no profit. This system is not helping at all for making profit. I think you should not charge brokerage for each BOs, instead charge brokerage per order
placed. Do you think Zerodha can fix this problem?
Reply
Nithin Kamath says:

PDH, you wont be charged for 24 orders, but only for 1+12 = 13 orders. Your entry order will still have only 1 order number and hence only Rs 20. Yes the exit order, if it
gets split into 12 parts, will have 12 different order numbers and hence brokerage accordingly. Dont think we can do anything about this, our running cost for Brackets are
much higher than normal orders as every few ticks a new order is fired, hence utilizing a lot more of our resources.
Reply
PDH says:
Hi Nithin,
Thanks for the quick response. While placing the Bracket Order with Trailing SL, if we select Absolute instead of Ticks, can the brokerage be made lesser?
Reply
Nithin Kamath says:

PDH, changing from absolute to ticks wouldnt make any difference in terms of utilization of resources.
Reply
437. ds4205 says:

March 5, 2015 at 3:55 pm
i am using zt version 3.11.2

but stil bracket orders are not enabled sir
how can i enable it?
Reply
438. Ratnam says:

March 10, 2015 at 9:56 am
Is bracket order is allowed now in MCX segment if allowed how to enable it in ZT 3.11.2
Thanks.
Reply
Nithin Kamath says:

March 10, 2015 at 1:25 pm
No it is not Ratnam.
Reply
439. Giri says:

March 10, 2015 at 7:43 pm
Hi Nithin ji
When do Bracket orders enable to mcx markets ?
Reply
Nithin Kamath says:

March 10, 2015 at 9:29 pm
MCX hasnt given approval for this product.
Reply

March 11, 2015 at 4:22 pm
Please bring down the cost on this feature. Think inovatively like monthly rental, fixed amount per days basis, As an intra day trader we are unable to use this feature to full
extent due to over cost.
Reply
PDH says:
March 11, 2015 at 11:44 pm
Hi Nithin,
I agree with Srinivasa. I avoid Bracket orders because I am not sure how much brokerage I have to pay as it is decided only after the order is executed. We can confidently
use this great feature, if there is a fixed brokerage. For example, you can charge a fixed brokerage of Rs.20 for Bracket Buy transaction and Rs.80 for sell order when
placed under Bracket Order. This is just a suggestion. Your organization can take the decision on how much brokerage to charge.
Reply
441. Anand says:

March 15, 2015 at 12:15 am
Nithin,
I would like to simultaneously go long and short a stock intraday, and modify the same after placing the order ..How do i do that under BO/CO/MIS? Pls help me
thx
Anand
Reply
Nithin Kamath says:

March 16, 2015 at 9:05 am
You cant be long and short a same stock using the same product type. So you can be long using BO and short using MIS for example.
If you want to place both long and short limit orders, you can place using any of the above product types(other than CO, as in CO entry is a market order), once executed
you can cancel the other. Hopefully this helps.
Reply
442. Yogesh R says:

March 17, 2015 at 5:46 pm
Dear Nitin,
Kindly clarify my doubt.
1. First we need to place S/L order (i.e. we requred amount to place MIS order)
2. We need to select S/L order which is placed in first step and on this needs to place B/O. (for this we requred additional margin as per Zerodha margin calculator).
Now, let me know either we requred margin for S/L & B/O (i.e. for both orders seperately) ?
If possible pls give example.
Thank you.
Reply
Nithin Kamath says:

March 17, 2015 at 8:58 pm
Yogesh, if you are using bracket orders, there is only one margin required and not separate for BO or SL. Do go through the post above.
Reply
443. ds4205 says:

March 17, 2015 at 11:13 pm
sir i am using zt version 3.11.2

but stil bracket orders are not enabled sir
how can i enable it?
pls help me
Reply
Nithin Kamath says:

March 18, 2015 at 8:58 am
You need to send a request to support@zerodha.com with your client ID
Reply
444. Aniruddha says:

March 18, 2015 at 7:14 pm
My query is why only limit orders are allowed for entry in Bracket Orders? Why not stoploss entry orders?
One cannot use it for Breakout trading, bracket order being such a useful tool.
Reply
Nithin Kamath says:

March 18, 2015 at 8:10 pm
Aniruddha, this is how the product got approved at the exchange. Considering that brackets have been thought of as an algo, this itself took really long time. That said, we
are pushing to have that stoploss entry as well soon.
Reply
aniruddha2907 says:
March 23, 2015 at 4:31 pm
Thats great to hear. Waiting for it, as it will bring additional precision in entering trades. As other features or Bracket Order by default takes care of exiting.
Thanks
Aniruddha
Reply
445. Arunachalam says:

March 20, 2015 at 12:56 pm
Hi,
I m a intra-day trader and BO is a wonderful tool for me but still having one issue.
*Also note that if the entry order is executed in multiple trades, SL and target orders will be placed separately for each trade and billed per executed order.
If I bought Nifty 5000 Quantities, then it automatically bought & sold around 7 to 10 executions and results in the more brokerage which makes less profit.
Please let me know is there any alternative on this.
Thanks
Reply
Nithin Kamath says:

March 20, 2015 at 3:08 pm
Arunachalam, this has been discussed multiple times above. There is no alternative to this.
Reply
446. Akshay A says:

March 21, 2015 at 2:34 am
HI, Nithin
First of all my heartly wishes for selecting business in win-win situation since i know from my past experience that in general broker all care about their own brokerage and in
general wont think about investor hard end money and that is keeping most investor out of our market (volatility and elders advise since they have lost money in past being
the other case ). Furthermore, I congratulate you for starting varsity project for making youth understand investing via stocks.
Basically, I have some questions and answers to those may have provided by you or some other fellow but still posting these questions in order to get a reply in a simple form.
1. Is BO only be placed with market order i.e at the current prevailing price and not using the limit as an option ? For example Lets say Adani Power is trading at about 49.3
and i want to purchase it only when it goes beyond 49.5 and at the same time once the order is placed i will be putting my stop loss at 49.10 and target being 51.2. Is this
possible ?
2. Can we make changes in stock loss or target once we enter in the position, i know we cnt in cover order but is this same as cover order ?
3. I can see many tools NSE free order tool i.e. Now and then their are your own home-brew tools like ZT, PI, HTML5 and finally AlogZ. Which you will suggest as the most bug
free and efficient application (except now) ?
4. How is your contingency plan in case of any issues, because mostly we hear this about ZeroDHA and others that they r not reliable and in case of system or server issue
(which happen often as per them) will delete our order entries and stock losses. I checked and this happened with Zerodha sometime back when they were updating their
servers. you even promised them to give their brokerage back but when this happen brokerage is almost of no value since losses can be huge in worst cases. Love to know if
you can answer these few questions.
AA
Reply
Nithin Kamath says:

March 21, 2015 at 4:35 pm
1. Entry via trigger on bracket orders is currently not possible(what you are asking for).
2. Yes you can make changes to SL.
3. We will release Pi our in house trading platform in the next week for everyone. This will be the best tool to use.
4. Yes we had an issue when we upgraded our servers, other than those 3 or 4 days we havent had any issues technically. Our new back end setup has been upgraded to
handle 4x of our currrent business, and can be scaled up very easily too.
Reply
447. Akshay A says:

March 21, 2015 at 2:41 am
One more question, Is BO system client based or server based entry. Question being in caseis, Lets say after placing an order something happens to the computer and the ZT
application is not running anymore, In this scenario what will happen to the order placed (previous order) and future ones ?
AA
Reply
Nithin Kamath says:

March 21, 2015 at 4:36 pm
BO is on the server, so it wont affect if your system crashes.
Reply
448. xxxxvpatel says:

March 22, 2015 at 7:55 pm
Hello Nitin
can you upgrade BO as like
suppose I sell 3 lot of nifty future..I have set traing stop for all.but for 1st lot my target is 15 pointsfor 2nd lot my target is 25 points and for third lot No target.so it will
be stopprd out by Trailing Stop.
Jignesh
Reply
Nithin Kamath says:

March 23, 2015 at 9:17 am
ah.. getting something like this approved at the exchange will be quite tricky.
Reply
449. PRASHANT KUMAR says:

March 24, 2015 at 11:47 am
Is the facility of entering the BO through trigger(SL-M) available now?
Reply
Nithin Kamath says:

March 24, 2015 at 11:25 pm
Not yet.
Reply
450. MM says:
March 29, 2015 at 8:08 pm
Hi Nitin,
Currently we have a provision to place a fixed trailing stop initially while placing the initial order.. However can you look at the feasibility of adding a provision to use trailing
stop at any time during the ongoing trade Most of the times while price is reaching our target if we trail it, it gives us better returns rather than just doing a fixed trail..
Please look at this feasibility as its going to be immense benefit to traders like us Other brokerages do offer this feature so i think to be more competitive zerodha should also
offer this.. Thanks
MM
Reply
451. Nitin says:

April 7, 2015 at 9:35 pm
Is Bracket Order facility available in Pi.?

If yes then please guide me how and from where to use this.
Reply
Nithin Kamath says:

April 7, 2015 at 10:27 pm
Nitin, BO not presently available on Pi, should be up in the next 2 to 3 weeks.
Reply
452. Vijayakumar says:

April 9, 2015 at 6:18 am
I recently started using Bracket orders. Excellent tool. The only problem I face in this tool is that I need to enter the price of the scrips every time (since this is a limit order). If
it is a Market price where we can directly jump, it would be much better, saving time for us to key in the prices and also sometimes price goes far beyond our entry levels (up or
down), especially when markets are very volatile. Please do the needful.
Reply
Andrewman says:
April 9, 2015 at 9:02 am
In a Buy bracket order, you can enter price above the best ask price. This will get the buy order triggered at MARKET
Reply
Nithin Kamath says:

April 9, 2015 at 10:07 am
Vijay, the approval from the exchanges was for brackets with limits. It might take a while before markets are allowed, what Id suggest is that if you intend to place a
market, place a limit order with a much higher or lower price based on if it is buy or sell respectively. This will work as good as market orders.
Reply
453. S Basu says:

April 10, 2015 at 2:14 pm
Hello Sir,
Unable to get option(Buy / Sale ) for bracket order in my terminal. Is there any option for activate it ?
Reply
Nithin Kamath says:

April 10, 2015 at 5:46 pm
Basu, send an email to support@zerodha.com to activate bracket.
Reply
454. dasarisairam says:

April 12, 2015 at 11:35 am
Bo/Co only usefull in FNO or can i use it for Equity trade, if yes then how to put prices with ticks
Reply
Nithin Kamath says:

April 13, 2015 at 8:45 am
You can use for equity as well, you have to prices as ticks the same like in F&O as explained above. (Nothing changes).
Reply
455. MM says:
April 13, 2015 at 1:36 am
Hi Nithin,
Last to last week there was an issue Where i had open positions with bracket order while i was day trading and reverse B/O (Both Stop and Target orders) got cancelled due to
some issue at the exchange which you must be aware.. I had to call zerodha call n trade to get a reverse order placed. One rep from Zerodha placed a reverse CnC order to
square off my positionIt took little longer than expected to get this issue fixed as i had to call Zerodha twice to get this issue fixedwhich affected my trade as well
Do you have any suggestion handy which can help us in these situations. What kind of orders can we place to square off open bracket order if there is no reverse bracket
order existing due to any issues. as we cant place any one side bracket orders as per the current system?. Please advise.
MM
Reply
Nithin Kamath says:

April 13, 2015 at 8:50 am
MM, If any such issue happens, you can take an opposite position using any other product type. We will have it adjusted before end of day. But ideally this shouldnt
happen again.
Reply
456. AAPLover says:

April 23, 2015 at 4:08 pm
There is so much of information in this post and for a newcomer to Zerodha, it would take more than a couple of hours to go through all of this, sift out the information, and
digest the current position, as some of the information becomes obsolete, as the thread progresses.
I would earnestly request Nitin to ask his support staff to post information regarding Bracket Orders , Cover Orders, etc on the different Zerodha platforms, in the form of a
simple FAQ, which is current, so a new user needs to spend only 5 to 10 mins reading the FAQ to understand all aspects of these BO & CO orders on the different Zerodha
platforms. As you make changes to your platform, features, etc, you can keep revising the FAQ. This way, your customers will have one place to go, to understand all the
information that is posted here.
2 questions:
1) As I like the Pi interface better than the Nest trader, when is Bracket Order with trailing S/L expected in Pi?
2) Can I open a position using Bracket Order in Nest Trader , close the Nest Trader, open Pi and follow the Order on Pi and use the Exit button on Pi ( No modifying Stop Loss off
course) to close out the position?
Reply
Nithin Kamath says:

April 23, 2015 at 8:16 pm
Unfortunately Bracket order is quite a tricky topic, very tough to explain in a short faq.
1. 2nd week of May is when we expect BO on Pi.
2. Yes, you can use Pi and NEST alternatively.
Reply
457. mathewzakaria says:
April 25, 2015 at 6:24 pm
-Say the LTP of Nifty Futures is 8300.
-Immediately I Place a Buy BO order with Limit Price 8304 and a Target price of 100 ticks and SL of 50 ticks.
The Order is executed @ 8300.5
Are the Target price and SL orders set in the system

@the price of Order(8304)
or
@the executed price(8300.5)
Reply
Nithin Kamath says:

April 26, 2015 at 2:35 pm
It is based on the executed price (8300.5).
Reply
458. nancyal says:

April 27, 2015 at 2:27 pm
dear zerodha everything is good but yet the brokerage breakup on order executed really kills the fun of the trade.example 254=100 nifty one lot order executed yr platform
breaks up into 25,25,25,25 and according adds up the brokerage on buy and sell so Rs.160+ goes only on brokerage,pls do something to rectify this first
Reply
Nithin Kamath says:

April 27, 2015 at 5:40 pm
Nancy, this is how bracket orders are, so there is no rectification that we can do as such. In a bracket order, if your primary is split into pieces, we have to place the exit as
separate orders. Btw in the example you have given, the entry will be only one or Rs 20 (even if it gets split into as many orders). Exit will be placed separately.
Reply
nancyal says:
April 27, 2015 at 8:54 pm
hi nithin thanx for the prompt reply this is my experience with the order entry and brokerage that i have paid, i do chk my trade email frm zerodha ,so there is no
mistake in the observation,
there is another discount broker who claims that they charge only on the specified executed flat amount and no more, so no splitting of the lot,i have asked them this
10 times after which i posted at zerodha for the rectification.
also nest plus charting does not work on winxp asking for update os and nest trader does not work in win8.1,so its either charting or platform,(: (:
Reply
nancyal says:
April 27, 2015 at 8:56 pm
one clarification i use cover orders.
Reply
Nithin Kamath says:

April 27, 2015 at 9:56 pm
Ah.. there must be something you are missing then Nancy, there is no way a cover order will have anything more than Rs 20 + Rs 20 as brokerage. Send
me the details on my email.
Reply
Nithin Kamath says:

April 27, 2015 at 9:55 pm
Nancy,I guess there must be a confusion, your entry order will always be only Rs 20 irrespective of how many times it is split into. But your exit orders have to
be placed separately based on how many fills it took for the entry order. If you are seeing something different, send an email to nithin@zerodha.com with your
client ID and date of trade, will have it checked.
Why dont u move to Pi, it is probably the best platform in India right now. Bracket orders will get introduced on Pi in the next couple of weeks. Check this.
Reply
459. Ravindra Vaze says:

April 28, 2015 at 3:40 pm
I want to trade NSE Options using Bracket Orders. Are they enabled to trade on Zerodha NEST Trader. If not when they are going to be enabled?
Reply
460. Ram says:

April 29, 2015 at 4:59 pm
Hi,
A question regarding BO.
Lets say buy call executed. Now, immediately the SL and TSL orders will be on the server to get either of it executed.
All these have min 1 pt or 1 rs as target.
Now, I want to revise the sell order and SL order to have a profit of 0.5 Rs and SL of 0.5 Rs. So, If I edit the those 2 orders, will the trailing stop loss still work?
Reply
Nithin Kamath says:

April 29, 2015 at 7:16 pm
Yes, it will still work.
Reply
461. deepak says:

May 4, 2015 at 8:39 am
Hi,
When can we expect Bracket Orders be introduced in Pi?
Reply
462. kishan says:

May 5, 2015 at 2:24 pm
i have placed bracket order today for TATASTEELMAY15FUT, my initial sl was 372.5, after when price moved in couple of points i wanted to move my sl so i modified it to 376.80
it showed as it is modified but when price down it triggered at 376.70, why has this happened i wanted it to break even calculating all the charges but because it triggered at
wrong price it is in negative
can u please tell me did i do any mistake, one more think when i try to modify it keeps showing (trigger strike price is 0.05) like that what is this
Reply
kishan says:
May 5, 2015 at 7:19 pm
well iam pretty much happy that Zerodha is my brokerage firm, iam happy to be a Zerodhian ,the staff are friendly and helps me when ever i need, for that i want to say
thank u for all the staff at Zerodha
i got call from zerodha support team(Poonam Katkar) explained regarding my above issue,
Thank U Mr.Nithin for all the effort you are taking to make our trading easy
Reply
463. Narayanan says:

May 12, 2015 at 10:59 pm
HiThis is narayanan and am a prospective zerodha client
Will bracket orders work when placed between 9 to 9:08 AMi.e lets say am planning to short sell a stock and i quote a very low limit price so that the stock is short sold at the
opening price. Will it trigger the target and stop loss orders as soon the market opens at 9:15 AM?
Reply
Nithin Kamath says:

May 12, 2015 at 11:29 pm
Hi Narayanan, Brackets wont work aftermarket or pre-market. You have to place this only after market opening.
Reply
464. Rakesh says:

May 13, 2015 at 7:04 am
Dear Nithin,
Yesterday after installing latest version of pi, whenever Im trying to open chart, it crashes and have to restart pi again.
Is this something your working on?
Cheers,
Rakesh
Reply
Nithin Kamath says:

May 13, 2015 at 9:25 am
Rakesh, it got fixed yesterday night, if you were opening charts more than 500 candles it was crashing yesterday.
Reply
465. Dasari Sairam says:

May 13, 2015 at 6:43 pm
i love zerodhas brokerage and back office work
very usefull tooo
but small difference between zerodha and other brokers is just exposure difference, other brokers will give flat exposure on all intraday , so no confusion too, but when it comes
to zerodha before placing order we have to check that how much exposure is allowed
it is some headache process in my opinion
i am expecting flat rate like 10x on all intraday stocks
zerodha will introduce this???? if yes when???
Reply
Nithin Kamath says:

May 13, 2015 at 7:12 pm
Dasari, we give exposure based on how volatile the stock is. It is important that with our razor thin margins we make sure the risk is covered.
Reply
466. Kishor Chaudhari says:

May 15, 2015 at 11:32 am
Dear Kamath
The bracket and trailing stop loss orders are available on pi platform since 12 may 15. For which segment are they activated? Equity, futures, option currency?
KBC
Reply
Nithin Kamath says:

May 15, 2015 at 4:37 pm
NSE Equity, F&O, and Currency, all 3 are enabled for brackets and trailing SL on Pi.
Reply
467. vivek says:

May 15, 2015 at 12:38 pm
today in pi i placed 2 opposite cover orders on eq(not fno).first order buy tcs@ 2516
second order sell tcs@ 2518. it seemed as if both of them co existed and did not cancel each other(the order book was showing the SL orders of both the COs as pending).
but the admin positions was behaving wierdly
is this normal?
Reply
Nithin Kamath says:

May 15, 2015 at 4:38 pm
Yes Vivek, as mentioned in both the above post on brackets and Cover, dont take opposite positions on the same contract as separate bracket or cover orders. The admin
position will behave weirdly.
Reply
468. Gopi says:

May 19, 2015 at 3:14 am
RG0433
why my Bracket Order facility in trading platform is disabled.
what is the process of enabling it.
Shift+F3 not working, and right click also not showing the buy/sell bracket order options.
Reply
469. Bob says:

May 21, 2015 at 7:55 pm
How to use bracket order for options?Can you provide illustrations for call and put options?
Reply
Nithin Kamath says:

May 21, 2015 at 9:12 pm
Bob, works exactly the same way.
Reply
470. Raj says:

May 22, 2015 at 3:16 pm
When is bracket order likely to be allowed on web platform and android mobile application
Reply
Nithin Kamath says:

May 22, 2015 at 10:47 pm
Raj, this will take time.
Reply
471. MM says:
May 31, 2015 at 3:24 am
Hi Nithin,
One Peculiar thing i observed with bracket order is .. Lets say i have placed two bracket orders separately because i want to exit the two orders at two different prices.
When i exit the orders manually, by specifying the specific price i want to exit, it works fine.. but when i use the exit button to exit one trade on pending order for that particular
script gets all pending executed at the market price for that particular script.. Even though i highlighted only one order.. So was wondering if there is fix for this issue..
MM
Reply
Nithin Kamath says:

May 31, 2015 at 10:21 am
MM, you cant use two opposite bracket orders on the same contract. It can cause an issue like you have mentioned. No fix as such for now.
Reply
472. Sandip_Chougale says:

June 1, 2015 at 7:18 am
Hello Sir,
I want to know,
1) Is Bracket & trailing SL orders facility available in PI?
2) Why it is not available for Commodity? & when can we expect this for commodity?
Regards,
Sandip
Reply
Nithin Kamath says:

June 1, 2015 at 2:06 pm
1. Yes available.
2. This is not approved by MCX yet.
Reply
473. Ram23 says:

June 4, 2015 at 8:20 am
Sir,
Yesterday I placed selling Bracket order for 20 shares of Bhartiairtel in equity at Rs413 with a profit target of Rs9 (Rs404), SL 3 (Rs416) with trailing stop loss Rs2.90. As soon
as the stock price reached to Rs412.90, Rs404 buy order cancelled and I exit with a profit of Rs2. Why? I am supposed to exit when the price went above 416 with a loss of
Rs60 or I am supposed to get Rs180 as a profit if the price goes down to 403.99. I got totally confused. Please explain me. Your example given above is not clear.
With regards,
Ramesh
Reply
474. Pranay says:

June 4, 2015 at 9:56 am
Is bracket order feature not available now at Zerodha ? Yesterday and today I tried to place sell orders for NFO scrips like Relinfra and Lichsg but I get the message that margin
required exceeds available margin. Indicated margin requirements were more than actual value of stocks in cash market (equivalent to lot size quantity) . What is happening ?
Reply
Nithin Kamath says:

June 4, 2015 at 10:15 am
Pranay, it is available, we had increased the margins yesterday, but today it is back to normal. Margin for BO is based on what stoploss you enter. So if stock is at 100,
mention stoploss as 10 points (if you want stop at 90).
Reply
475. Manesh says:

June 4, 2015 at 7:48 pm
Hi Nithin !
Just Got Pi Activated. I have 2 queryies :
1) Which Syntax do I learn for future coding skills a) Nest Plus OR b) Trade Script.
2) Does Zerodha helps in getting my strategy coded in TradeScript if I give the logic
Thanks.
Manesh.
Reply
Nithin Kamath says:

June 4, 2015 at 10:16 pm
1. Tradescript.
2. Yes, we have answered quite a few already on coding section on Tradingqna. Also check out the repository of expert advisors that we are building.
Reply
476. Mounish Choudhury says:

June 5, 2015 at 11:56 am
Is It possible to place a bracket order with stop loss buying at market and stop loss selling at market price ??
i.e Buy at above

and
Sell at below
this type of requirement
Reply
Nithin Kamath says:

June 5, 2015 at 10:18 pm
No, not for now.
Reply
477. Sohan Singh says:

June 5, 2015 at 11:29 pm
Dear Nitin,
I am new in trading as well as in zerodha but i really like the idea of BO and trailing SL. My problem is that i am not a regular trader and trade from my office pc on web. BO
and Trailing SL is really good tool for people like me so i would request you to enable this feature in Web version (Z5) of zerodha.
Reply
Nithin Kamath says:

June 6, 2015 at 10:40 am
This will take time Sohan, for getting it on the web.
Reply
478. A.JEYARAJ says:

June 9, 2015 at 5:07 pm
i am unable to place order on bracket orde for the reason client not enabled for the product.whether i am eligible for bracket order or not?.Please clarify and enable me to
bracket order
Reply
Nithin Kamath says:

June 9, 2015 at 7:50 pm
You need to send an email to support@zerodha.com asking to enable bracket orders on your account.
Reply
479. arunsudhilal says:

June 13, 2015 at 2:51 pm
Hello Nithin,
I understand the peculiar way bracket orders are executed and hence resulting in higher brokerages. Is it possible to give the user a way to control placing the stop loss and
take profit orders? Only on full execution of entry order, stop loss and take profit orders should be placed. In fact, sharekhan is doing it this way.
Thanks,
Arun
Reply
Nithin Kamath says:

June 13, 2015 at 4:14 pm
If it is only on full execution of the order, it would defeat the purpose of having a bracket right? You put an order to buy 10 lots at 8000, 5 get bought, bracket has to be
put for these 5.
Reply
arunsudhilal says:
June 13, 2015 at 10:15 pm
Hello Nithin,
Thanks for the reply. Actually its a compromise between brokerage and potential risk at times. If execution was partial, user has to put SL manually. If user is willing
to take risk. Let him. It will be GREAT if you can give user the privilege to choose.
Thanks,
Arun.
Reply
Nithin Kamath says:

June 14, 2015 at 12:32 am
Arun, covering risk is far more important than saving a few rupees on the brokerage.
Reply
480. Antriksh says:

June 13, 2015 at 11:15 pm
Hello
My account was activated recently. Ive been placing all my orders through BO. Usually there isnt any issue but I faced this issue on Friday with Vedanta Limited. It was
something about RMS Margin.
RMS:Margin Exceeds,Required:xxxxx, Available:xxxxxfor entity account-DA3624.
Today also while I was explaining the trading terminal to my father, I faced the same issue with SAIL. Same error.
Are BO allowed only in certain stocks? Or do we get margin in only selected stocks. Although, I checked on the margin calculator tab on the site, both stocks were up for
Bracket Orders.
Reply
Nithin Kamath says:

June 14, 2015 at 12:33 am
If a stock suddenly gets volatile, we might change the margin requirements. Will get someone to call you back and check the exact issue.
Reply
481. Hardik says:

June 15, 2015 at 11:11 pm
Bracket Orders & Trailing Stop Loss Orders should be available for commodity trading also.
It would be helpful for commodity trading.
Reply
482. Ajay Wadkar says:

June 26, 2015 at 8:28 pm
Can we have a stoploss order buy or sell in bracket orders & Trailing SL.
Reply
Nithin Kamath says:

June 27, 2015 at 12:21 pm
Not possible as of now.
Reply
483. Udit Khatri says:

June 27, 2015 at 12:26 pm
Bracket Orders are available in PI also and can we add them in our strategy
Reply
484. Ankush Agrawal says:

June 28, 2015 at 12:15 pm
Nitin, Just need to ask about the brokerage break up of Bracket Orders.
1. Suppose my order executes in 3 trades.

2. So the Brokerage on the buy side will be Rs.20 or Rs 60 ?
3. Also Will sperate exits and stoploss will be placed for each of them?
4. And if can exit each of 3 seperately?
5. And the Brokerage cost on the sell side if i exit all 3 seperately?
Reply
Nithin Kamath says:

June 28, 2015 at 12:28 pm
1/2. Brokerage on buy side will be 20, as it is one executed order.

3. yes separate order s placed.
4. yes
5. Since 3 exit orders are placed, it will be Rs 60 as brokerage while exiting.
Reply
485. Aniket Chitnis says:

July 1, 2015 at 9:57 am
Hi Nitin
Am new to Bracket Orders and all. However, I had a few basic queries regarding them. Lets take an example suppose I am trading in Options. Lets say I want to buy a Nifty
Call, say CE8500 at 100. I want to put a Stop Loss at 90 and set a target at 110. How do I put a bracket order for this in Pi/ZT, using absolute/ticks. Id really appreciate if you
could show a Screen grab of such an order.
Thanks!
Reply
Hanan says:
July 1, 2015 at 7:34 pm
Why dont you check out this video and get back to us if you still have doubts. Reading the blog in detail is really helpful to understand the intricate details, though.
Reply
486. Aniket Chitnis says:

July 1, 2015 at 8:16 pm
Hi Hanan
Great Thanks a lot for the video link. BO for me is Crystal Clear now!! I will go through the rest of the blog for more intricate details of the same, as per your suggestion.
Cheers!
Reply
487. Vandana says:

July 3, 2015 at 4:48 pm
Hello Nithin,
Bracket Order has been enabled for my id. But I want to know:
1. If BO can be placed only in F&O segment or also on NSE/BSE Equity segments.
2. If It can be placed in Equity Segment, then consider the following :
I want to place a Buy Bracket Order satisfying the following conditions:
1. Buy 1000 shares of XYZ at Limit Price of Rs.100/-

2. My Target Price is Rs.100.90/- (18 ticks , 1 tick=Rs.0.05/-)
3. My Stop Loss Price is Rs.99.50/- (10 ticks, 1 tick=Rs.0.05/-)
4. My Trailing Stop Loss as 2 ticks as I want the Stop Loss to go up by 10 paise with every 10 paise movement in my direction of trade.
Please check the attached screenshot of the Buy Bracket Order entry and let me know if I have filled it correctly.
Thanks & Regards,

Vandana.
Reply
Nithin Kamath says:

July 3, 2015 at 8:14 pm
1. Yes
2. Yes
Both correct.
Reply
488. PARAMAGURUPARAN says:

July 4, 2015 at 2:16 pm
Dear sir,
still we are waiting for Bracket order modify all options???

when will its come
in intraday trading order placing is very nervous to trader bracket order reduced it but, in modify all is missing and its also increase the same
best regards
guru
Reply
489. vishal says:

July 4, 2015 at 3:35 pm
hi nithin , what happened if stoploss order skips

ex- if i short nifty fut at 8360*1000 and place buying sl order of 1000 quantity at 8382 ( trigger price 8381 ) ???
Reply
Nithin Kamath says:

July 4, 2015 at 4:01 pm
Vishal in bracket order, it is all stoploss market orders. SO as soon as the trigger is hit a market order is sent. SO no chance of skipping, skipping happens with stoploss
orders with limit price.
Reply
490. Sidharth says:

July 9, 2015 at 3:34 pm
I believe one can execute Bracket Orders in a Nifty Future trade. Unfortunately, I dont see an option of placing a bracket order on my system for Buying and selling Nifty
Futures.
Reply
Venu Madhav says:

July 10, 2015 at 1:59 pm
Bracket order has already been enabled from our end. Do check out this blogpost which tells you how to place a Bracket order. Should you still have any queries, please
feel free to call our support desk.
Reply
491. Antriksh says:

July 13, 2015 at 10:44 am
Hello,
Ive started using zerodha recently. I have a query regarding modification of SL and Target Price in BO.
Recently I bought 3k shares of SBIN. The order was executed in multiple entries (9-11 maybe). Now, I wanted to modify the SL and the Target Price. I had to do it manually for
all the entries i.e. around 18 times (9*2). I was trading on Pi Platform. Is there any way to do it in oneshot? Or is it possible to do it in oneshot on Z5 or NestTrader for both the
SL as well as the Target Price?
Reply
Nithin Kamath says:

July 13, 2015 at 10:49 am
In case of Bracket order being executed in multiple orders like in your example, yeah you have to modify individually. No other way out for now. Z5 doesnt have any BO
option.
Reply
492. Ankit says:

July 17, 2015 at 6:18 pm
sir can i carry forward for next day the BO if not execuated
is there any such possiblity
or if not, then can i carry forward my position without square of at 3:20pm

and can i convert my existing position in BO
Reply
Nithin Kamath says:

July 18, 2015 at 12:42 am
No Ankit, BO is just an intraday product. Cant carry forward.
Reply
493. ram says:

July 17, 2015 at 7:04 pm
hello sir
for example xyz shares are 110 if i bought 1000 shares in BO and again if xyz shares are gone 113 again i bought in 1000 shares in BO for average can i combine sell at 111 at
2000 shares how i should modify and combine these two transactions
Reply
Nithin Kamath says:

July 18, 2015 at 12:44 am
You cant combine two BO positions, but you can take two different positions on the same contract. You can modify/exit each of these two positions individually.
Reply
494. R@gh@vendr@.. says:

July 17, 2015 at 10:38 pm
Hello Mr. Nitin Thanks for your support..

Well please help me how do i execute the following order using BO or other
1. xyz script is trading at 100
2. i want to buy it when it crosses 102 (that is above 102@market)
3. And at same time i want to put Target Sq off of 104
4. And Stop Loss of 101.5(with trailing stop loss of 2ticks-is it possible we can place trailing stop loss ticks@2 ive read in this blog that it should be minimum 20 or absolute1 is
it?)
Thanks
Reply
Nithin Kamath says:

July 18, 2015 at 12:55 am
Raghavendra, entry using trigger is currently not possible on BO. SO if market is 100, you cant enter using trigger at 102. You can place only limit orders to enter. Yes
minimum stoploss has to be 20 ticks or 1 absolute point.
Reply
495. RAM says:

July 18, 2015 at 12:32 pm
nithin sir
if i bought 1000 shares at 100 in BO and if share are raise to 103 again i bought 1000 @103 my average price is 101.5 how can i modify this two contracts to 101.5 .. i dont
want to lose money so that only i am average .
Reply
Nithin Kamath says:

July 19, 2015 at 11:33 pm
Ram technically when you take the second trade, you will hold 2000 @101.5. You dont(cant) have to do anything special to average.
Reply
496. Rajiv Jamwal says:

July 20, 2015 at 11:58 am
Dear Nitin
I joined Zerodha recently and thisi Bracket order looks quite fascinating.
Do i need to enable or send some formal request for activating this feature on PI
Regards
Rajiv Jamwal
Bangalore
Reply
Nithin Kamath says:

July 20, 2015 at 12:36 pm
Yes Rajiv, you need to send an email to support@zerodha.com to enable trading on bracket orders.
Reply
497. sunny p says:

July 22, 2015 at 12:17 pm
Dear Nitin,
I trade in options, some times I take long positions, and sometimes offset the same day (intraday). Now if I want to use BO, How to use it? Cause its an intraday product and
F&O doesnt need leverage(?), since full premium is paid.
My question is How do I use BO for options trading, because I want to set target, and trailing stoploss both which is only available in BO.
Can I do this:
1. I change my NRML position to intraday to use BO?

2. And if I want to carry my position for the next day, I can exit the BO order(if its not executed? right ! ) and I change my position back to NRML?
Can that be done?
Thanks in Advance,
Sunny P.
Reply
Nithin Kamath says:

July 22, 2015 at 1:28 pm
Sunny, you cant convert NRML to BO or vice versa. What you could do is square off your NRML in the morning and take a fresh BO position. If you want to carry it to the
next day, square off the BO again, and take a fresh NRML position.
Reply
Sunny P. says:
July 22, 2015 at 2:37 pm
Thanks.
Reply
498. chandrakanth says:

July 27, 2015 at 8:08 pm
sir can you provide a service where the target should be entered as 1st taget 2nd trg and 3 trg and buy price also if the first target reaches the stop loss should automatically
set as the price of the first trg if the price reaches to the 2nd trg the stop loss should be at 2nd trg price
Reply
Nithin Kamath says:

July 27, 2015 at 9:51 pm
Hmm.. wont be possible atleast for now.
Reply
499. chandrakanth says:

July 28, 2015 at 7:08 pm
sir in bracket order can i buy a script more then market price for example its trading at 100 . i think that if it breaks 101 level it may go to 103 etc.so the market price is 100 i
will put a order at 101 price. when this price 101 reaches it should buy at that price and sell at target price. sir if his feature is not available plz suggest me in what order type i
will get this feature sir. if you provide this feature it will be more benefit for traders and that first target and 2nd trg in above comment
Reply
Nithin Kamath says:

July 28, 2015 at 10:25 pm
Not currently possible.
Reply
500. girish says:

Hi, i know this has been answered before a few months hence checking on any latest update if Bracket orders availability for Commodities is likely to get approved anytime
soon?
look forward to hear from you
Reply
Nithin Kamath says:

August 4, 2015 at 10:29 am
Dont think we will get approval for this soon. Commodity Exchanges not very open to the idea.
Reply
501. Deepak says:

What happens if the net connection of Pi gets disconnected after successfully placing the order? Would the bracket order still work?
Reply
Nithin Kamath says:

Yes it will still work, brackets stay on our server and once placed doesnt matter if you are logged in or not.
Reply
502. stonecold says:

Greetings Nithin Sir,

I am new on Zerodha, want to know, what does this line mean (please explain through example) :-
Also note that if the entry order is executed in multiple trades, SL and target orders will be placed separately for each trade and billed per executed order.
Reply
Nithin Kamath says:

August 7, 2015 at 11:42 pm
You place a bracket to Buy 4 lots of Nifty at 8500 with trail of 5 points and target of 20 points. Out of 4 lots, 2 got bought immediately, as soon as these 2 got bought one
set of target and SL is placed. 2 other lots got bought, the second set of bracket and TSL is placed.
The entry order is just 1, so brokerage is just Rs 20. But exit order are 2, hence brokerage is 20+20
Reply
503. Manish Astral says:

August 16, 2015 at 12:17 pm
It would be really great if there was also an option to place Stop Order to enter the market instead of just limit order , because its generally wise to let the market sweep you
in. With Bracket orders there is only a limit entry order type available so its a bit risky to enter countertrend. Also right now its not possible to have 2 orders on the system like
1 for stop loss and another for target. So i think it would be really beneficial if there was a OCA ( one cancels all ) type of order to place 2 mutual negating order on the system.
Reply
504. stonecold says:

August 17, 2015 at 3:03 am
Sir suppose I trade in equity segment (using BO) and buy 1000 shares of XYZ disclosing only 100 then do i have to pay brokerage 10 times because entry order is executing in
multiple trades.
Reply
Nithin Kamath says:

August 17, 2015 at 9:50 am
If entry order is executed separately, separate exit orders/brackets have to be placed. Brokerage is not 10 times.
For entry order, only brokerage for 1 order is charged.
For exit, it is 0.01% or Rs 20 whichever is lower. So if you are trading worth Rs 5lks, immaterial of how many exit orders ,the max brok you would pay would be 0.01% of
Rs 5lks which is Rs 50.
Reply
505. arunsingh says:

August 17, 2015 at 4:29 pm
Dear Sir
In BO if the LTP of a share is Rs 100, then how can we enter :
1. Can we place limit as 99
2. Can we place limit as 101
3. Or we have to enter at exactly 100 or 100.5
Reply
506. arunsingh says:

August 17, 2015 at 4:31 pm
Basically I want to ask how this limit price in BO actually works?
Reply
Nithin Kamath says:

August 17, 2015 at 6:05 pm
Hmm.. limit price works just as a normal limit price. If current price is 100, and you place a buy limit at 99.5, it becomes a pending order. If you place a limit at 100, it
gets executed at 100. If you place a limit at 100.5 higher than current price, it becomes like a market order.
Reply
507. debesh8888 says:

August 19, 2015 at 11:22 pm
SIR
CAN WE USE DECIMAL LIKE 1.2 OR 1.5 OR 1.8 ETC ..IN ABSOLUTE
OR ONLY NUMBER LIKE 1 , 2 , 3 ETC IN BO
Reply
Nithin Kamath says:

August 20, 2015 at 12:45 pm
Only absolute numbers like 1, 2,3
Reply
508. soujanya says:

August 20, 2015 at 6:59 am
Hi Nithin,
When can I trade Commodity in KITE?

It is really getting difficult to trade with webtrade as prices are not refreshing automatically.
Reply
Nithin Kamath says:

August 20, 2015 at 12:46 pm
Will take atleast 3 weeks.
Reply
509. Ambrish says:

August 25, 2015 at 9:50 am
Hi Nithin, is it possible to place BO/CO using Kite? or i have to use Pi for that? Thanks
Reply
Nithin Kamath says:

August 25, 2015 at 3:39 pm
For now, you have to use PI. But we are working on launching BO/CO on Kite.
Reply
510. JS says:
August 25, 2015 at 12:25 pm
Dear Sir,
Is it possible to see tickchart in Pi.
Reply
Nithin Kamath says:

August 25, 2015 at 3:47 pm
What you see on Pi is a tick chart.
Reply
K R ANAND says:
Nithin, perhaps by Tickchart he meant Tick (or 1 second or 5 second Timeframe. When will it be possible?
Reply
Nithin Kamath says:

Hmm.. Since Pi is a trading platform, overloading it with a lot of data might hurt performance.
Reply
511. Kuldeep says:

August 27, 2015 at 8:44 am
sir can we trade in commodities using B O if not wen wil it start
Reply
Venu Madhav says:

August 27, 2015 at 11:47 am
Trading using Bracket orders is currently unavailable. Well let you know once this facility is available.
Reply
512. Kumar says:

Hello Mr. Nithin, one confusion regarding the Trailing Stop Loss in BO trade. As per your explanation, the Trailing Stop Loss starts moving up/down by given ticks/points. In
case, the Trade is moving to a Profitable situation then the Trailing Stops gets moved up i.e. that is good for the Trader but what happens when the Trade starts reversing
beyond the Original Stop Loss level one had. Could you please clarify it? Please, bear with me, I am a new Trader learning to Trade.
Reply
Nithin Kamath says:

Kumar, TSL comes into play on when u r trades turn profitable. If it is not and market moves against u, your original SL will remain where it is and it will get executed.
Reply
Kumar says:
Mr. Nithin,
Thanks for clarification.
I also wonder if there is any benefit other than the Trailing Stop movement from the Brokerage point of view i.e. If same trades are placed normally, we pay the same
brokerage..? I do appreciate Zerodhas efforts to provide such amazing tools to all of us who like to trade.
Reply
Venu Madhav says:

Theres no brokerage advantage you get. The biggest advantage is that it forces you to place a SL order thereby reducing your risk.
Reply
513. Kumar says:

With reference to this part of your article: Latest update: 16th July 2014: We are allowing intraday leverage for option buying as well. 140% for Nifty and Bank nifty options,
so to buy an option at Rs 100, you will need only Rs 70 in your account, could you please clarify it using an example. Let us say, as a BO trade, to buy 1 lot BankNifty Call
option, with 18000 strike price and Rs. 75/- premium How much cash should I have in my account?
Reply
Venu Madhav says:

1 lot of Bank Nifty = 25

If 18000 Strike = 75, margin required for a normal order = 75*25 = Rs.1875. If youre placing using BO, itd be 70% of 1875 = 1313.
Reply
514. oilman says:

Why Bracket order are not available for MCX
Reply
Nithin Kamath says:

Not approved by MCX
Reply
515. Sandeep says:

Sir
Cant BO be used for doing option trading ,i was trying to put a BO trade some days back and it said not allowed for this segment .
Can it be used for futures /cash MIS intraday only
Reply
Nithin Kamath says:

It is allowed only for NIfty options.
Reply
516. Sandeep says:

And just to be clear ,i mean Stock options and not nifty/bank nifty options
Reply
517. Meenakshi says:

Sorrypending BO orders can be cancelled or not?
Reply
Nithin Kamath says:

Yes, it can be cancelled.
Reply
518. Sandeep says:

Dear Nithin
Any plans in future to allow BO for stock options also besides nifty options.
Reply
Nithin Kamath says:

No Sandeep, stock options are illiquid, so stoplosses may not really trigger. We cant carry that risk.
Reply
519. Sandeep says:

Thank you Nitin.

Sorry i must have asked it and Zerodha has replied it 1000 times ,but to confirm ,if in option buying ,if i buy option say xyz @6.10 Normal and want to sell at 7 ,while putting
SL @ 5.50 ,what is the best way to do it .
Does it mean after my buy is executed ,we need to put two Sell ,one for square off from F11 admin .
Also place a Sell with target 5.50 .What will be type by SL or SL-M .Also that would need margins right .The SL one has to be manually cancelled and put in every day till it is hit
,is that right.
I had tried to put SL-M in normal trade once say @6 ,while the LTP was 5 at close .The moment it opened next day ,the open price was 7 but my SL-M got triggered at 5 .Is that
supposed to happen like that.
Reply
520. Deepak says:

General question as I am trying to make sense of ticks and absolute points.
If I need to buy a nifty call option at a premium of 150Rs, and I need to exit it if I have a profit/loss of 5 Rs, I need to give SqrOff Sell based on LTP with Absolute as 5 and
StopLoss Sell based on LTP with Absolute as 5 right? 1 rupee equals one absolute?
Reply
521. Ishwar M. says:

Dear Nithin and team,
Thanks a lot for your tools and platforms like BO with Trailing SL, Pi, Kite and the recent enhancements and integration of charting on Kite. All this is really awesome!
I have one request regarding the Minimum Trailing SL for F&O segment. Currently, with the Minimum Trailing SL for F&O being Absolute 1, the stop loss does not trail very
effectively for larger lot sizes.
For example, consider a lot size of 2000 or above. For this lot size of 2000, the share price would be around 100 or so. Now Trailing SL of Absolute 1 would mean that it will
start trailing only when the price moves around 1% in my direction. This is not very effective for quick entry and exit trades where for example, I would like to trail for every
0.25% move in my direction.
So, would be great if you could decrease the Minimum Trailing SL atleast for the F&O segment.
Thanks a lot,
Ishwar.
Reply
522. Rishi says:

Hi Nithin,
As suggested by you I wanted to try BO on Pi.

When I tried to place the b-order (1 lot, 25 Nifty Futures), its saying margin required is 241110 ? ?
rishi
Reply
Nithin Kamath says:

You have to mention 1 and not 25 to buy 1 lot. My guess is that you are mentioning 25 lots.
Reply
Rishi says:
I thought that too but when I did 1, it says minimum 25 as it should
rishi
Reply
Nithin Kamath says:

Can you send an email to support@zerodha.com. My guess is that you have pending orders which is blocking margin.
Reply
Rishi says:
Have done that (mail)

No there were no pending orders, this was the first thing I tried today
Thanks,
rishi
Reply
Rishi says:
Issue resolved by support team it was my mis-understanding of absolute and tick I assumed (without reading it thru) that tick meant how many points
and absolute meant the price : )
Sorry about that !
rishi
Reply
523. MANU SHARMA says:

Hi,
For a particular stock in the equities segment, is the leverage same for cover order as well as bracket order?
Reply
Nithin Kamath says:

Yep, almost similar.
Reply
524. Ambrish Verma says:

Hi, how do i exit a BO before either my target/stop loss is reached?
Reply
Nithin Kamath says:

Go to your pending BO exit order in the orderbook. Exit that order.
Reply
525. sreespg says:
Hi nithin
I just joined in zerodha, and have doubt on BO. Is it possible to give limit order for both selling and buying in BO. I understood that First Order is limit order always, similarly
can i give limit order instead of square off order(market order)
Reply
Nithin Kamath says:

Once you have placed ur target and SL, this can be modified later to another price. So yeah, limit possible.
Reply
526. sreespg says:

Thank you Mr. Nithin Kammath,

you mean, i can specify both sell and buy price in BO,.. so it will buy less than or equal to specified limit price and it will sell grater than or equal to the specified limit sell price.
Am i correct?
Reply
Nithin Kamath says:

Yes correct.
Reply
527. Sathiya says:

Hi Nithin
One suggestion for Z-Connect Posts.
As the number of comments for each post keep increasing day by day. Let say a new comer read the main post and started reading the comments below. For now it shows the
very first comment for the post as first. Example- 09 Apr 2014 at 08:41 PM for this post.
Suggestion would be keep showing recent comments first and show remaining comments descending or a button to select recent comments which will help the readers to scroll
through the recent comments.
Thanks,
Sathiya
Reply
Nithin Kamath says:

Yep, we are planning something out on this .
Reply
528. Anshu Aggarwal says:

Hi Mr. Kamath
I am putting this query may help other Zerodha users also :-
Example :
1. In Bracket Order if I want to put limit price for some position Rs.100
2. Target Rs.150 mean plus Rs. 50 from my position
3. Stop loss sell of Rs.5 mean when position comes to Rs.95 squared off
4. Trailing Stop loss ticks Rs.7/-
my query is :-
1. In square off Sell column (Target) what I have to put Target price Rs.150 or Rs.50
2. In Stop Less Sell Column what I have to put 95 or 5
Further I am having query :-

1. My order is still pending as Limit Price not Hit, can I modify my order if yes How, I think only the Limit price I can be modify.
2. I get the position and like to modify my Target, Stop loss and stop loss trailing Ticks can I modify that, if yes how.
3. If like to cancel the order, Limit price still pending not hit how can I
4. If want to Square off the position in loss but still the sell stop loss not hit.
5. If want Square off the position in profit but still the target price not hit.
Please answer the point wise sure It will help all of my other Zerodha friends also.
Regards
Anshu Aggarwal
Reply
Hanan says:
Hi Anshu, your point-wise answers are below.

First set of questions:
1. In the Target column you have to put the absolute value of your profit which will be 50. Alternatively, you can put ticks. 20 ticks make one rupee, so do the math.
2. In the Stop Loss column you have to put the absolute value of your loss which will be 5. Alternatively, you can put ticks.
My answers to your further questions are:

1. If your order isnt executed you can modify all areas of the order including Limit, Target, SL. This may be a little problematic on Pi, but works perfectly on NEST. If
modification isnt working before execution, cancel and place again. Do modification/cancellation on F3 or order book.
2. You cant modify your trailing ticks, but you can modify your SL or target.
3. Just go to F3 (order book) and cancel any open order by selecting it. On Pi, we now have shortcut keys to cancel orders.
4. Yes, you can square off even before you SL or target is hit. Once you decide to exit one leg of the order, the other cancels itself.
Reply
Anshu Aggarwal says:

Thanks a lot Hanan explained really well.
One more question how to Square off the Bracket Order position manually
1. In loss but stop loss not hot
2. In Profit but target not hit
By cancel it or by Exit it???
Reply
529. Prudhvi says:

I want to know how BO works on example below:

1) If i buy 400 nifty future oct series @7900, SL at 7980 and got 20 pts(20*400=8000). So do i get 8000 as profit??
2) If i buy 400 nifty future oct series @7900, SL at 7980 and got hit by SL. So how much amount do i lose here??
Reply
Nithin Kamath says:

Prudhvi, something wrong with ur example. If you buy at 7900 and market goes up to 7980 you profit and SL wont be triggered.
Reply
Prudhvi says:
No i mentioned two different cases. Case 1 is about how much profit. Case 2 is about how much loss if 20 point SL hits.
Reply
Venu Madhav says:

Your question isnt clear enough.
1. If you get 20 points on 400 quantities of Nifty, your profit is indeed Rs.8000
Its fairly simple to compute your profit/loss:
(Sell price Buy price)*Qty traded
Reply
530. Ishwar M. says:

Hi,
With the latest patch of Pi, on hitting F1/F2 to buy/sell on the chart, now the Symbol field is getting correctly defaulted from the currently open chart. Thanks for this fix.
Could you also please default this field correctly for BO buy / sell on hitting Shift+F3 / Shift+F4 when viewing a chart? This would make the order entry faster and avoid
possibility of placing incorrect orders.
Thanks!
Ishwar.
Reply
Nithin Kamath says:

Adding on our list.
Reply
531. NAVANEETH says:

HAI NITHIN .I HAVE A REQUEST REGARDING PI .PLEASE INCLUDE OPTION TO CHANGE COLOUR FOR +VE AND -VE CHANGES AS IN NEST TRADER. CURRENTLY PI HAVE ONLY
THE OPTION TO CHANGE THEME.
Reply
532. jignesh says:

hello Nitin
suppose My Bo order is executedSL and TP are not executed yetI am in Profit.but Now I want to carry the position next day. Can I do that if my account has that day
margin for that FO scrip.
let me know.
Thanks
Jignesh
Reply
Nithin Kamath says:

Jignesh, BO is an intraday product. What you could do is to exit what you are currently in profit and then take a fresh position using NRML to carry to the next day.
Reply
533. RM2445 says:

NITIN JI
i want to know , why do u charges multi times in Bracket Order ?
Reply
Nithin Kamath says:

Explained it a bunch of times above, can u search in the comments above.
Reply
534. Abhinav Thakur says:

Hi Nithin,
Can u please explain BO order taking Currency (USD-INR) rate as example as i m getting little confused in Absolute or Ticks value to be enter in Order.
Thanx
Reply
535. Anshu Aggarwal says:

Hi Nithin
Today taken the Bracket order 8500 call 2 lots with limit price of Rs.85 with Target of 127, Stop Loss of Rs.2 and Trailing stop loss of of Rs.3/- but its squared off on Rs.85.60 as
its only 2 lots so even trade to be called profitable of .60 paisa but eventually I am on loss after brokerage and taxes, it it correct or by mistake, what I was thinking it will be
square off on minimum on Rs.88/- as trailing stop loss is Rs.3/-.
In Bracket order brokerage not fix to Rs.20/- per order I like to know its only on sale or buy also.
Is Rs.20/- per order formula works on Normal and Cover Order or there is also the same thing may happen.
Thanks
Anshu Aggarwal
Reply
Venu Madhav says:
Since youve mentioned that the target order was 127, Im assuming its a buy order that youve placed.
If youve placed a Limit price to buy at 85, a SL of 2 points would mean SL order is placed at 83. Selecting the trailing ticks as 3 would mean that for every Rs.3 move
favourable to you, the SL would be updated by Rs.3. Now assume the price moved to Rs.88 (3 Rs. in your direction), the SL would be updated to 86 (Rs.3 higher than
original SL). If the price starts reducing now, then your SL would get hit. This is an SL-M order and it could get executed at Rs.85.60.
Brokerage is fixed at Rs.20 for bracket orders also. However note that when you place a BO, you also place a SL and Target order. These orders get placed in the sequence
that your original order got placed.
Eg: If you placed an order to buy 150 Niftys, your order can get placed as 75,25,50. Likewise SL and Target will be placed for 75,25,50. On the entry order a sum of Rs.20
will be charged but on your exit order a sum of Rs.60 will be charged since its getting executed as different orders.
Reply
Anshu Aggarwal says:

Dear Veenu Madhav
Thanks for the reply, now its clear to me.
But you missed the last part of my query
e.i. :- Is Rs.20/- per order formula works on Normal and Cover Order or there is also the same thing may happen like Bracket Order.
Reply
Venu Madhav says:

For Cover orders, the same thing can happen. It wouldnt happen for a Normal order.
Reply
536. Rathish says:

October 10, 2015 at 10:34 am
I have a query in Bracket order.

For example I would like to buy Adanient in futures at 84.5. I want a stoploss of 83 with trailing stoploss of 50 paise. And my target is 86.5.
Please explain me how to place this order in PI software. I traded using MIS in equity but I am new to this bracket order. So kindly help me in doing so. I have attached the
screenshot of PI software. So explain how to fill the ticks. And I would also like to know whether bracket order can be placed from charts?
Reply
Nithin Kamath says:

In square off sell, if you have ticks mention 40 (if ticks) 2 (if absolute).
In SL mention 30 (ticks), in trailing mention (10)
Reply
Rathish says:
October 10, 2015 at 11:07 pm
Thanks for the reply
Reply
Hanan says:
October 12, 2015 at 11:56 am
Bracket Orders are really easy to place once you have an idea of how they work. Based on the details youve shard, heres what you need to do:
1. Place Limit for 84.5

2. Place Sqroff Sell with an absolute value of 1.5 or you can put it as 30 ticks.
3. Place StopLoss Sell with an absolute value of 2 or you can put it as 40 ticks.
4. For trailing stop loss, you can put it as 10 ticks or .5
Depending on whether youve used absolute or ticks in one field, you got to stick to that for the rest of the fields.
Nope, you cant place bracket orders on charts just yet.
Reply
537. sreespg says:

October 10, 2015 at 11:19 am
Hai
Minimum trailing stop loss is 20 ticks, and its adequate for trading NIFTY, BANK NIFTY etc.. But while coming to the equities values less than Rs.100, it seems to be no use. So
can you make minimum trailing stop loss as 5 ticks ? Have any technical difficulty on that ?
Reply
Nithin Kamath says:

There is a technical issue with having lesser than 20 ticks. The higher priced scrips, every price movement the SL will start changing. This can put excessive load on our
trading servers.
Reply
Ishwar M. says:
Just a suggestion to have smaller minimum trailing SL and still avoid the excessive load on the servers. The SL could be updated only once every 10 seconds (or
whatever is a reasonable time interval which is fast enough but not overloading the servers). Would that be possible?
Thanks,
Ishwar.
Reply
Nithin Kamath says:

October 14, 2015 at 10:32 pm
No ishwar, we cant have condition like 10 seconds and all.
Reply
538. sreespg says:

yeah, it may be a big issue. But I think this may be solved by limiting minimum trailing value (absolute) as 0.1% of scrip price.
is it possible solution?
Reply
Nithin Kamath says:

October 11, 2015 at 12:48 pm
We cant give a % there.

Reply
539. Harsh says:

October 12, 2015 at 11:50 am
Hi,
Is it true that trader has to be continuously logged into zerodha account, for a BO to be executed? Cant I place a BO at 9.20 AM and simply log off, breathing easy that with
BO, my losses will be limited? Please clarify.
Thanks,
Harsh
Reply
Nithin Kamath says:

October 12, 2015 at 12:30 pm
You dont have to be logged in after placing the BO order. These orders will reside on our server. Someone gave you wrong information.
Reply
540. Harsh says:

October 12, 2015 at 12:52 pm
Thanks for the quick update. Appreciate it.
Reply
541. Akshay gupta says:

October 15, 2015 at 10:21 am
Hey Nithin,
Are bracket orders available for mcx also or not??
Reply
Nithin Kamath says:

No
Reply
542. MIhir says:

October 15, 2015 at 11:20 am
Is it possible to place bracket order as Market order (limit price entered as 0) and enter both exit positions in % ?
Reply
Nithin Kamath says:

You cant enter limit as 0, but instead you can keep it much higher than the current price in case of buying and lower in case of selling to make it work like a market order.
Reply
543. Chirayu says:

October 17, 2015 at 11:40 pm
Its not possible to place orders via PI because of port issues in office network.
When can we have BO on kite, I have been hearing this since beginning of the year
Reply
Nithin Kamath says:

Kite was released just a couple of months back, BO will take a little longer on Kite.
Reply
544. shikha gupta says:

Can I place a BO & CO on your web browser based trading platform, if yes how can I.
Reply
Nithin Kamath says:

October 18, 2015 at 10:20 pm
Not yet.
Reply
545. uma says:

In Bracket Orders, under SqrOffSell and SqrOffBuy there are two radio buttons i.e LTP and ATP. What they stand for? Which is to be clicked while entering absolute points?
Reply
Nithin Kamath says:

Always best to click on LTP (last traded price). ATP indicates average traded price.
Reply
546. Devendra says:

Dear Zerodha/Puneeth,
Login ID : DD0314
Info on Zerodha website shows that

Exposure for options buying is enabled for NIFTY AND BANKNIFTY ONLY
AND
Not for Stock Options buying
BUT
for Writing/Short selling Stock Options BO can be used
The above info is given on following link :

https://zerodha.com/margin-calculator/BracketCover/
But when I tried to Write / Short Sell SBI OPTIONS CE 250 AT Rs. 5/-
IT gave following error in orderbook :
RMS:Blocked for OPTSTK nse_fo Bo Block type:ALL
Is it really true/available or info on margin page of zerodha is wrong ?

Pl. Guide
Thanks
Reply
Nithin Kamath says:

BO is not available on stock options for both buying and shorting. You can use the margin calculator to find out the margin, but you cant really short or go long on stock
options using BO.
Reply
547. jagu712 says:

October 20, 2015 at 11:53 am
Hello,
I am not able to execute Bracket Order.. It says client not enabled Any reason Also I had a query with support. How do I contact support staff to answer my queries?
Reply
Nithin Kamath says:

October 20, 2015 at 12:21 pm
Can u send an email to support@zerodha.com asking to enable BO.
Reply
548. Epistun says:

October 21, 2015 at 11:56 am
i have doubt in currency futures regarding how to put absolute value for both sqr off and stoploss sell? pls explain with example
Reply
Nithin Kamath says:

In currency best to put ticks and not absolute value. 0.0025 is 1 tick.
Reply
549. Nilesh says:

Hello Nithin,
Can I customize BO?

For eg: I wish to customize the behavior of trailing stop loss after a certain threshold value. It would be great if I get a code or some guideline of the current BO, I can use that
as a base and customize it further. Would it be possible to share something like this?
or
Can your team, that is helping zerodha retail customers build simple codes for trading automation, help me customize the current BO?
Thank you.
Reply
550. prudhvi says:

Can someone give an example of short selling Nifty fut using BO? How to buy back the sold future? Clear example including all details would be beneficial.
Reply
551. Ramachandran K says:

October 27, 2015 at 11:28 pm
Hi Nithin,
Case 1:
It seems that when placing a BUY order with Order Type as SL in KITE, the order is getting executed but the trigger price is not working. How to check that the particular order
has a trigger price after it gets executed.
Case 2:
when I place a buy order and say the order got executed. Now i want to place a stop loss for that particular executed order. is that possible in KITE ? if so please let me know
how?
Reply
Venu Madhav says:

October 28, 2015 at 12:17 pm
1) If youve chosen the order type as SL and placed your order, the trigger price will be considered for order execution. Just remember that you would place a buy SL order
in order to buy a stock at a price higher than what its trading at in the market. You can check the Status of the executed order in the Orderbook window.
2) If your buy order has gotten executed, you have to place a Sell stop loss order. On the contract, select S > Select the appropriate prod type (CNC,MIS,NRML) >
Select the order type as SL-M > Enter the trigger price at which your order should get triggered. Click on Place. Do read more on SL orders here: http://zerodha.com/z-
connect/tradezerodha/zerodha-trader-software-version/stop-loss-orders-limit-market
Reply
552. Pinkesh Kumar says:

October 28, 2015 at 12:17 pm
Strange Problem:
I placed BO between 9:00 to 9:15 and I got stuck because both sqroff and stoploss orders (placed automatically) got rejected.
Rejection Reason : 16000, The trading system is not available
I didnt find any option or solution to square off/convert/sell/modify these position because these were BO positions and could not be modified or converted and I suffered quite
big loss due to this
Please bring some solution to this strange problem. that I might face in future also
Reply
553. Manohar says:

Hi Nitin,
Is there any way to use trailing stop loss for equities whose intraday price movement is less than 1 rupee?
Thanks.
Reply
Venu Madhav says:

No. Min for trailing is 20 ticks or Re.1
Reply
554. Arun says:

I like this Bracket order.. But wondering if ths is possible..
Buy a stock as a regular purchase..

Then place 2 seperate orders.. Profit taking and stoploss orders and make them to auto-cancel the other when one gets executed..
It is same concept but I just dont want to place the main bracket order part alone.. But just use the later part (placing 2 orders to cover the main order)
Reply
Venu Madhav says:

No. Such a facility isnt available for now.
Reply
Arun says:
Wow.. I am new to trading but isnt this a very basic need for all traders..?
1 I buy a stock at Rs. 100. Hold it for 10 days lets say it becomes Rs. 120
2 I place a sell order with a limit of Rs. 125
3 I also place another sell order with a limit of Rs. 115
3 gets executed if it goes down to Rs. 115 and 2 gets cancelled. Or 2 gets executed it gets goes up to Rs. 125 and 3 gets cancelled. Isnt this a basic automation we
all need?
But you have so many tools and not this?
Reply
Venu Madhav says:

Its called a OCO (Once cancels the other order). On execution of one order, the other order gets cancelled automatically. Its considered an algo product and is
currently unavailable on the retail trading platform.
Reply
Arun says:
Yes.. OCO is exactly what I mean..
What does algo product mean?
Any chance that you could take this OCO feature to your management and see if its feasible?
Thanks
Reply
Nithin Kamath says:

October 31, 2015 at 11:39 pm
Arun, this is on our list of things, but since regulations around everything algo is grey, it might take some time.
Reply
555. Arun says:

^^^
WIth regards to my above question To put it even simpler This is not related to bracket order.. But close to that..
Lets say I buy a stock at Market price (or limit or whatever) I want to place a Stop Loss Order and also a Profit Booking order and link them both together and one gets auto-
cancelled when the other gets executed..
Is the question clear?
Thanks
Reply
Venu Madhav says:

Understood your question. Such a facility is currently unavailable.
Reply
556. Piyush Singhania says:

Is it possible to place bracket order only in F&O and not in Equity Cash. i am new to trading can you please guide me with an example.
Reply
Venu Madhav says:

Yes.Read more here: http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/bracket-orders-trailing-stoploss-sl
Reply
557. Pavan says:

I purchased a script using BO at 100 with SL (absolute) as 5 and Trailing SL as 1.

Now supposing that the script moves up to 104. In this case ,my SL automatically moves to 99 . At this stage, lets say that I go to the order book and Modify the SL to 103.
Now lets say that the script moves up to 110. So will the SL also trail and get to 105 or will the SL be permanently fixed at 103.
Also can I implement a Buy/Sell for BO using tradescript.
Thank You
Reply
Venu Madhav says:

If youve modified the SL, and then the script moves in your direction, the SL gets modified from the original SL price.
So in your example, if the price moved up from 104 to 105, the SL would change from 103 (the one you modified to from 99) to 100.
You cannot buy/sell for BO using tradescript.
Reply
558. Chandra Sekhar says:

hi Nitin,
The LTP of a scrip is 415, I am expecting that scrip will go upwards, if it reaches 416.
I want to buy that scrip @416, can I place an order before reaching 416. Is there any mechanism available for it.
Reply
Venu Madhav says:

Youll have to place a Stop loss order. Press F1 to open buy order window > Select order type as SL > Enter trigger price as 416 and limit price as 416. When the price of
the stock goes to 416, a limit order is sent to the Exchange @ 416. If theres a corresponding seller at that rate, your order will go through.
Reply
559. Aditya Ganti says:

Dear Nitin ji,
Kindly let us know when BO facility will be enabled in Web Version or in App. One cannot install Zerodha Trader in Tab or mobile. Kindly enable it sir as the wait is so long.
Reply
560. sathish001 says:

Understand from this post that Bracket Order is available for Retail Client terminal. Is Cover Order also available for Retail Client terminal??
Reply
Nithin Kamath says:

Yes both are available. Check this for cover orders.
Reply
561. DL0454 says:

hi,
wen can we expect option of trading using SL order in BO.
Reply
562. uma says:

Before I make use of Bracket Order tool, I want to be sure about the following and hence please clarify this. Whether Sqr off/ SL particulars to be entered along with buy/sell
order or whether to be entered only after execution of the first order (Buy/Sell) only. Whether there is provision to have 2 target orders?
Reply
Nithin Kamath says:

In bracket, the SL and target has to be entered at the time of placing the order. Not possible for two target orders.
Reply
563. Sudesh says:

Is it possible to initiate Bracket order at stop

Currently stock is trading at Rs. 101/=,
I want to place buy order.
Buy if stock reaches at Rs. 103/= with Stop loss of Rs. 1/= i.e. at 102/=, and target of Rs.2 i.e. at 105/=
I will be thankful to you if you guide me about how to place this order with help of Bracket order?
Reply
Venu Madhav says:

You cannot initiate this order through a bracket order. Your entry order for a BO will be a Limit order. If the stock is trading at 101 and if you place a limit order at 103, itll
be construed as a Market order and your buy order will get executed immediately at the market rate.
The only way I can see you doing this is by placing a SL-M entry order with Trigger price as 103 and once this order gets traded, placing a Stop loss and a target order.
Reply
Sudesh says:
So you mean to say that I will have to place 3 different orders?

But in this case after opening trade if target/SL get trigger, remaining order wont get cancelled automatically. It will also attract more margin.
Currently I am placing such order in Trade Tiger.
Reply
Venu Madhav says:

Yes, youll have to place 2 orders after the execution of entry order. The cancellation is not automatic, should be done manually. Margins wont be charged extra:
http://zerodha.com/z-connect/tradezerodha/margin-requirements/margins-2-exit-orders-for-1-position
Reply
564. Sarthi Longani says:

Hi Nithin/Venu,
Ive been using BO and have noticed that the initial limit order might be executed in parts, in which case, for every trade, a different SL/target squareoff order is placed.
Consider I bought on BO 5100 NIFTY FUT @7825, SL 20, Target 30 (absolute). The initial order gets executed in 16 trades, so I have 16 limit and 16 stoploss orders pending.
Market moves to 7835, realizing no further upmove, I wish to exit. I have to modify all the 16 limit orders separately to ~7835 to exit my position.
I have no issues with the brokerage which might be charged. But dont we have an option of modifying all those small orders at one go? Or, exiting the entire position of 5100
units at once, maybe on market/limit?
By the time I end up modifying 16 orders, the thing is somewhere else entirely.
I did try CO but lack of entering on a limit price, and the slippages, make it inconvenient.
Reply
Nithin Kamath says:

Currently Sarthi, no way around it for now. We are speaking to our developers on having this fixed.
Reply
Sarthi Longani says:

Thanks for the reply. I hope u understand the inconvenience of people who trade in large number of lots.
Covers are also executed in multiple trades, but atleast the stoploss can be modified/position exited in one click.
Requesting you to send a mail to clients if any update comes up in this regard. Will wait.
Reply
Nithin Kamath says:
Yes Sarthi, we are working on it. Little tricky considering all the approvals required for every change on this.
Reply
565. anil.bhargava says:

Hi Nithin, I have seen this web page. I have two queries mentioned below. Could you please answer them.
Can we do Bracket Order on Pi platform and on Mobile Platform.

Can you give an example of BO on equity segment.
I have recently opened an account with Zerodha and not sure on BO. I would be needing a Demo as well (Client Id: RA6982) for which I am following it up with the ticket
system.
Reply
Venu Madhav says:

Bracket order is available on Pi.
We believe the demo has already been given.
Reply
nancy says:
hi nithin when will zerodha start ncdex long overdue
Reply
566. Bill says:

Hi, need a clarification
can we modify the Trailing Stoploss in the BO?
Thanks.
Reply
Nithin Kamath says:

Yes you can.
Reply
567. YHSK says:

Nitin :Is the trailing Stop Loss available for desktop version only ? Any info when it will be enabled for zerodha mobile version or NOW version(Zerodha) ?
Reply
Venu Madhav says:

Wont be enabled on NOW.

Its not available on the web/mobile version yet. Were working on getting approvals for BO on Kite. Well let you know once its through.
Reply
568. YHSK says:

Another Question :
Assuming I have 1 lot of ZEEL 400 CE in my net Position at 9 AM(before start of trading)
Incase,I place a Bracket order with
Sell 6 , Absolute Margin (1)

and
Buy 0.5 , Absolute Margin(0.1)..
(i)If the Sell for ZEEL 400CE(1 lot) gets executed at any price at say 10.10.95(which was todays high range)..
(ii) The Buy is at 0.5 ,which is not reached tosay So by 3:20, will you auto close with the price at 3:20 (8,9 or 10 whatever) or Can this be squared off with 1 LOT which i had
in my NET POSITION(at 9 am)
Can you help in answering this ?
Reply
Venu Madhav says:

You cannot square off an existing position by placing a bracket order ie. a bracket order doesnt net off an already existing position.
Reply
569. balu says:

why bracket order is not available for commodities?
Reply
Venu Madhav says:

Isnt approved by MCX.
Reply

Dear Nitin,
Kindly let me know when can we access BO facility in Web version of Zerodha??
Reply
Venu Madhav says:

Were working on it. Well let you know once its out.
Reply
571. Kishor says:

Hi Nithin,
Few Queries , MY id DK2849

will Request you why dont make target and stop loss in same order window without any trigger price .Like in geojit brokers trading platform Without making complicated order
window why dont you make simple order window.
Reply
Nithin Kamath says:

Kishor,
hmm.. let me check. On kite.zerodha.com, we are designing the new BO which will be quite simple.
Reply
Subhadip says:
Any time frame?
Reply
Venu says:
Well l let you know once its out. Wouldnt be able to commit on a time frame.
Reply
572. Abhisekh Mitra says:

Bracket & Cover orders Margin calculator is not working . please fix it as soon as possible
Reply
Venu says:
Seems to be working perfectly fine.
Reply
573. uma says:

In BO, please make provision for more than one target price, i.e a part qty to be squared off at 1st target and balance at 2nd target.
Reply
Venu says:
Its a little tricky considering the nature of the orders. Nonetheless will pass on the feedback to our developers.
Reply
574. Sanket Shah says:

Brokerage on trailing stop loss.
Lets say I place an Buy Bracket Order for Nifty Options as following & it gets executed:
Buy price: 100, Square Off: 100 ticks (Target price will be 100 + 5 = 105 ),
SL: 50 ticks, Trailing SL: 1 tick
Now, the option price reaches 101, so with each increase of 1 tick, my stop loss will update accordingly.
From 100 to 101 there are 20 ticks, so my SL will be updated 20 times.
Brokerage will be applied for all these 20 times or only when the stop loss order is executed?
What if the stop loss does not get executed?
Reply
Nithin Kamath says:

When an order is modified, the order number doesnt change. We charge per executed order number. Brokerage will be applied only once when the SL order is executed
completely. No brokerage if SL not executed.
Reply
575. Manu Sharma says:

Hi,
Suppose CMP 450.
I put sell bracket order for 100 shares at 453.
Now bracket order is limit order.
Suppose price goes to 454 but stays at 453 only for a fraction of a second and then price fall to 442 but while going from 454 to 442 it again remains at 453 for fraction of a
second. So is it not possible that sell bracket order at 453 never gets executed and hence it is always better to place cover order as at least as price goes from 453 to 454 then
sell order will be executed though at market price.
When we say limit order of 453 then does that mean exactly 453 and not even 453.05?
Reply
Nithin Kamath says:
Yes, when you say limit of 453, it means exactly 453, nothing will be bought above that price. But if the current market price is below 453 and you place a limit order to
buy at 453, it acts as a market order and will buy at the best price available (but with a limit of 453)
Reply
Akshay says:
HI, What happens when CMP is at 450 and we want to make sure if it goes below 445 it will trigger BO with target and stoploss. Will it take it as limit or market order
?
Thanx
Reply
Nithin Kamath says:

Currently entry into BO is possible only for limit orders. So if you are buying at 445 when CMP is 450, place a limit order with price 445. If you are trying to short
at 445, it is currently not possible using BO.
Reply
576. Upendra says:

Whether Bracket order facility is available in mobile application or not?
Reply
Venu says:
No
Reply
577. Rajan says:

Hi
Nithin can i use bracket order in trade.zerodha.com.
if yes than what will i have to select in product type
Reply
Venu says:
BO isnt available on any of the web platforms yet. Available only on ZT and Pi.
Reply
Rajan says:
can you please share site address for ZT.
Reply
Venu says:
ZT (Zerodha Trader) is our desktop exe application. You can download it from here: https://www.dropbox.com/s/g4fcmau273kpbhq
/ZerodhaTrader_3.11.2.1.exe?raw=1
However, youd rather use Pi which is much better than ZT.
Reply
578. VENU15 says:

what happens if a bracket order is fulfilled partly?
Reply
Nithin Kamath says:

Whatever is fulfilled, a target and SL is set for that. The pending remains in the system until executed.
Reply
VENU15 says:
tx Nithin.
1) can I cancel the remaining or change it with more appropriate levels for each of entry,exit,sl?
2)after entering bo, can I change tsl/sl ?
3) also are all the products completely tested? I have been trading in kotak/icici dir and wanted to shift due to brok. but I ha ve been seeing through mesgs that there
are cases of data mismatch btw front/back, some technical err reported here with promises of being fixed,etc. how do I get comfort feel? I was talking to sales while
opening ac they couldnt answer or comfort me possible security threats from hackers, internal fraud prevention, data misuse,etc. I easily do very high volume day
transactions and hence my worries.
4) suppose after entering an order in mis I realize the stock may not give profit that day, can I change to cnc delivry?
5) probably you should publish a guide of how to use bo/co especially their limitations, work arounds, etc. its atleast good that we are getting answers but its all
piecemeal. while going through mesgs above ovr 300pgs, I am not sure which r relevant to the current ver of pi.
6) of all the products like pi, zt,etc which one is the most tested safe?
Reply
Nithin Kamath says:

1. Yes
2. Yes
3. Small little issues are bound to be there with everything (in many cases there is usually client misunderstanding), but you can be rest assured that it is
completely tested. About ICICI/Kotak, I dont think they have any forum where they take any issues openly? We are transparent in the way we deal.
4. Yes
5. You just need to know what is on the post, we have that udpated with everything you need to know.
6. We are in the process of transitioning to our in house products, Pi for desktop and Kite for web. So Pi or Kite is what you should use.
Reply
VENU15 says:
NO DOUBT PI IS GREAT INITIATIVE. BUT THE ERRORS ARE SCARY WHEN THEY GET MAGNIFIED FOR BIG TRRANSACTIONS. ALSO ABSENCE OF FRAUD
PREVENTION WHEREIN ZERODHA EMPLOYEES HAVING ACCESS TO DATA IN DATABASE IS DANGEROUS. HOPE MEASURES ARE THERE TO PREVENT SUCH
Reply
Nithin Kamath says:
There are no errors, it could be misunderstanding of the product. Every brokerage setup, there will be dealers who will have access to place orders on
behalf of clients. We definitely have fraud prevention policies.
Reply
579. vkumar says:

Hi,
Is the minimum value still 1 point for absolute TSL or has it been reduced ?
Reply
Venu says:
Min value for TSL is Re.1
Reply
580. SUBHANKAR says:

Please provide me the details (in pdf or any other format) about trailing stop loss in my mail subhankar.i.e@gmail.com
why can not use sl and tp from pi platform for options trading?
why trailing order not possible for option trading?
Reply
Nithin Kamath says:

Subhankar, all details are mentioned in the above blogpost. SL and TP for options will take time.
Reply
581. VENU15 says:

HI
1) ABOVE ITS MENTIONED THAT Minimum Trailing SL for your Target SHOULD BE ABS=1 TICKS=20. MEANING IF STOCK PRICE IS 90RS, THE TSL WILL BE 1RS MIN AND IF
STOCK PRICE IS 6000 THEN ALSO TSL WILL BE 1RS MIN. ISNT IT RIDICULOUS? SHOULDNT BE EVEN LOWER? OR RATHER % BASED?
2) I PLACED A BO WITH FOLLOWING INPUT BUY=856, SQOFF SELL=1 ABS, SL=10TICKS, TSL=1TICK. THE ORRDER GOT PLACED AT 856BUY. SQOFF=857 (L TYPE
ORDER),SL=855.5 (SL-M TYPE ORDER). SELL GOT EXECUTED AT 855 WHEN TRIGGER IS 855.5 AND THE STOCK MOVED DOWN .05 EACH TIME.
a) WHY 855? LOOKS SOME FAULTY FUNCTION. THIS CAN CAUSE BIG LOSSES.
b) WHY CANT THE SL ORDER BE OF TYPE SL-L INSTEAD OF SL-M? PURPOSE OF SL IS LOST.
c) ALSO TSL OF 1 TICK DOESNT SEEM TO HAVE WORRKED PROPERLY. WHY?
Reply
Nithin Kamath says:

1. Yep, currently it is a technical limitation.

2. Like mentioned in the blog above, you can enter only using limit order. So if you place a limit buy at 856 when price is 855, then it will be bought at the current market
price. Entry into brackets using a trigger is currently not possible. It cant be SL-L, because SL-L doesnt guarantee execution. TSL wouldnt have worked in the above case.
Also send such account related queries directly with your client ID to support@zerodha.com
Best,
Reply
582. Abhi says:

Sir,
I tried to buy l&t stock(when cmp-1190.50) in SL-M order where I put my the trigger price at 1185 also tried at trigger price at 1100 for trial.but it is rejected showing stop loss
price unreasonable. Why?pls reply.
When I tried in limit order,order is executed.

*is it possible to modify limit order to SL-M order?
Reply
Venu says:
Youll place an SL- M order if you wish to buy at a price higher than what its trading at. If CMP is 1190.50, your SL-M order should have trigger price >1190.50. Both your
prices are below the cmp which is why its giving you the error.
If you wish to buy lower, place Limit order. Read more here: http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/stop-loss-orders-limit-market
Reply
583. paresh mehta says:

sir,
Is there any facility to give full training on how to use your software on all aspect?
Reply
Venu says:
Theres no training as such. You can find help here: http://zerodha.com/z-connect/category/tradezerodha/pi-tradezerodha
There are various blogs on Z-Connect which help you in understanding different products offered by Zerodha
Reply
584. M DEVI says:

when can we expect bracket order facility in kite. what about mobile trading app?
Reply
Nithin Kamath says:

Hopefully both before end of this month.
Reply
585. M DEVI says:

please give more theme colours in kite web. white screen is not good for trading. give two or three more colours
Reply
586. debjit says:
hi nitin ,
currently , when i open a chart .. lets say nifty fut

the chart always comes with volumn indicator in below .
i have tried many ways , but couldnt able to remove that vol indicator .
it takes space . only i can minimize it .
can you tell me how to remove that indicator .
Reply
Nithin Kamath says:

Ah yes, currently on Pi you cant remove it. We will add it to our list of things to do.
Reply
debjit says:
thanks Nithin ..
Reply
587. Hitesh says:

January 10, 2016 at 10:16 am
Is the 70% leverage for BO Buying of Nifty Index options still true? I bought around 2 lots of CE, PE with a price around Rs.40 each and the margin used (as shown in RMS
limits) was about Rs.12000 (40*75+40*75) * 2 lots (each).shouldnt it be 70% of that amount instead. Would appreciate an answer. Thanks.
Reply
Nithin Kamath says:

January 10, 2016 at 11:12 am
Hi Hitesh, yeah if you are using BO for buying Nifty options, you will need to have 70% of the total amount. So if you are buying Rs 10,000 worth of options, you will need
Rs 7000 with you. Days when markets are very volatile we might disable this option. Do send an email to support@zerodha.com with your client ID if you are not getting
this.
Reply
588. Biju Menon says:

The Bracket order looks extremely good, however I think it would be more useful if you enable trigger buy/sell orders. We would usually buy a stock if the price breaks out and
by the time we fill in all these details required for bracket order the price would have already gone up or we would have ended paying a higher price. So could you consider
enabling the SL-M orders in BO. I believe there were lots of fellow traders who have mentioned the same in the above blog.
BO in Kite is what I am eagerly waiting for as PI is not accessible from my office.
Reply
Nithin Kamath says:

BO in kite hopefully before the month end. Entry using trigger on BO is still not an approved product by the exchange. We are trying for this.
Reply
Arvind says:
Sorry I had asked question same question what Biju Menon this without reading all Q&A.. I got the answer
Reply
589. Arvind says:

Hi Team, I am new here in Zerodha. Therefore questions may be silly. please excuse me for that.. BO will be available in Web based application Kite?
Reply
Nithin Kamath says:

Yeah soon.
Reply
590. Gaurav Goyal says:

Zerodha said that the brokerage in BO is charged Rs.20 per order means Rs. 20 for buying & Rs.20 for selling. But basically it depends upon the liquidity available in market.
lets get it clear by an e.g
lets say I had to buy 24 lots (or 1800 qty bcoz now 1 lot is of 75) NIFTY JAN 7500CE @ 60 with triggered price at Rs. 1 & stop loss of Rs.3 as BO at 11:05:47.
Now my trade is executed as following:-
(1) 150 qty is brought at 11:10:01
Total 1800 qty was brought @ 60 in five no. of trades.
Now this order is executed as a single order & eventually the trade no. is also same on all the above executed orders. Brokerage charged by Zerodha is Rs.20. But when the sell
& stop loss order is placed by the automated system of zerodha then their is separate order placed for each of five above trades. When these five trades get executed then the
brokerage charged by zerodha is Rs. 100. i.e Rs. 20 for each trade & the trade no. for each of the five order placed is different.
Now my total brokerage for buying & selling of above contract is Rs.120.
Please get me clear on this. Thankyou
Reply
Nithin Kamath says:

Yep you are correct.
Reply
591. Shekhar says:

January 19, 2016 at 11:26 am
Hi Nithin,
I use Pi, I would like to do partial exits in BO, The system does not allow that.
Looks like it is something related to margin issue.
It is painful to fire multiple individual orders.
Please Let me know if there is a possibility where i can disign and fire orders with partial exits and avoid multiple individual orders.
May be Pi, Nest, Ami & Ninja bridge etc
Thanks
Shekhar
Reply
592. Devesh says:

January 21, 2016 at 12:24 pm
Hi Nithin.
Can we convert MIS into BO? Because BO breaks into many trades if position is big. So can we buy using MIS and then convert it to BO? If not can you please allow this
feature? As both are intraday products.
Reply
Venu says:
Its a little tricky Devesh. BO positions require you to compulsorily place a Target and SL order while theres no such rule for MIS. The system is designed in a way that SL
and Target orders get placed when the initial order gets executed which is not the case in MIS orders.
Reply
593. Vikas says:

Hello,
Can I have a combined stoploss for a paired trade. Say, I do:

Short 7800 CE & 7800 PE at CMP (irrespective of price) and it fetched 100 points.
I want 10 points as SL (ie 110) and 20 points as target (ie 80).
Is that possible?
Also, can strike price above be made dynamic? ie nearest 100 of Nifty opening?
Thanks,
Vikas
Reply
Nithin Kamath says:

January 24, 2016 at 11:56 am
Ah, not possible for now.
Reply
Vikas says:
January 24, 2016 at 12:57 pm
Thanks for the reply. Could you please let me know when either of these features are introduced?
Reply
Nithin Kamath says:

January 24, 2016 at 11:37 pm
No timeline for this Vikas as yet.
Reply
Vikas says:
Ok sure..
Reply
594. Harshad says:

How can we place Parabolic SAR (PSAR) as stop loss/trailing stop loss order for bracket or cover orders?
pls explain or is it simply has to be a numeric value?
Reply
Nithin Kamath says:

It has to be just a numeric value.
Reply
Harshad says:
January 27, 2016 at 10:12 am
Will such a thing be introduced in the future, where we can take a trade & use one of the indicators (if any) as stop loss?
i.e. instead of numeric value we will just type PSAR/SMA etc etc & that can be used Stop Loss/trailing Stop Loss.
Reply
Venu says:
Dont have this on the cards for now, well look at it in the future.
Reply
595. Arivazhagan says:

Hi Nithin,
First of all, congratulations for turning around brokerage concept in India. You are an revolutionary. No doubt, Zerodha is our partner to success.
Only one thing I need from Zerodha, Its BO entry using trigger SL-M price. I know you had said its not approved yet. But, I am sure Zerodha can find some workaround
considering the top brains it has. The current method increases our pressure and stress to fill in all BO details such as price, SL tick, Trailing SL tick etc. By the time we finish
filling it up, the price goes up. We have to reenter the new price again and see where the new price now. If we have feature, we can peacefully enter all the details and move on
to the next trade. We dont have to sit in front of computer all along watching when the price will break support/resistance to initiate a new position. Please please please get
this feature as soon as possible for us to improve our efficiency or at least remove our stress during trading.
Reply
596. shivasrinivas says:

Nithin Sir , can i place 2 lots nf in BO and for target , modify 1 lot for partial selling and balance on next tgt ? or if i modify ,both the 2 lots will be changed ? or i have to place
two seperate bracekt orders for this ? and also eagerly waiting for open trade , till not learned market , so expecting , when it will be introduced ? tons of thanks to open trade.
Reply
Nithin Kamath says:

Yeah both the lots will be changed.
Reply
597. shivasrinivas says:

Ok thanks sir , and some requests

pls add fibanocci extension tool in charts
pls add inter change facility for same chart to 5 min to hourly daily
and also pls make this possible ,if i draw a horizontal line for support resistance it should be in the same value and should be show the value where i drawn , till i delete it .
Reply
598. Arivu says:

Hi,
Today used BO order and short ABC at 182.1. Set SL and Trial SL at 1.8 absolute points. Also set target price movement as 182 absolute points, thinking Iam willing to stay in
the trade till the stock moves down to 0 (let the profit run strategy). But to my surprise, once the order is executed, I saw the target limit price for square off order was
mentioned as 164.70 in the ORDER history, which is only 17.4 points movement. Why is this so? Today I traded 6 contracts and I faced the same issue in all contracts. For last
order, I tried entering Tick instead of Absolute. I entered 2000 ticks (100 points) but it also executed with limit price 10.5 away instead of 100 points away.
Please clarify if there is any maximum limit set for Square Off order or am I making any mistakes.
Reply
Venu says:
If you double click on the Stock and open Snap Quote/Market Depth, you get the upper & lower circuits. That is the maximum Stop loss a stock can take.
Reply
Arivu says:
OK understood. How do I overcome this? Should I keep moving my square off SL manually in BO order or system will take care of itself? I dont want to the trade to
get ended abruptly when more room for profit.
Reply
Nithin Kamath says:

Keep your stop at a distance that you think it wont hit.
Reply
Arivu says:
Thanks Nithin for response. Actually it is Square Off SL, not TSL what I meant. Since we cannot set Square Off far away due to Exchange circuit limitation,
like TSL, can we set Square SL also keep moving down/up depending upon price movement? It will help us not sit in front of computer all day long to
protect maximum profit.
Reply

Dear Nitin,
Kindly let us know when BO can be enabled in Kite or Web or mobile version. I cant download the Zerodha Trader or Pi in my office laptop. . . Pls let me know the time frame. I
have been waiting for this since 2014
Reply
Nithin Kamath says:

BO on Kite, our target is before end of this month.
Reply
Jahir says:
BO on kite would really be great.
Reply
Aditya Ganti says:

March 9, 2016 at 5:03 pm
Sir,
Kindly let me know when BO will be enabled in kite ?? Many loyal traders in Zerodha will be very happy with this sir. pls tell me the time frame sir.
Reply
Nithin Kamath says:

March 9, 2016 at 8:43 pm
BO might take a little longer, CO should be out by the weekend.
Reply
Aditya Ganti says:

March 15, 2016 at 3:58 pm
Sir,
Can we get BO facility on Mobile if not on Web version? This will help us place all the three orders (LIMIT, SL and TARGET) at the same time where as in CO
one can buy and sell only in Mkt.
Reply
600. Sanjay says:

Hi Nitin,
Is it possible in near future to place SL & Target orders in BO using Risk Reward Ratio?
Reply
Nithin Kamath says:

On our list of things, but it will definitely take a while for this.
Reply
601. Harshavarthan says:

Hi Nitin,
I am a option trader and I carry forward my option for more than a day/week. My scenario is that ill follow some system to calculate target and stoploss and i need to follow up
daily morning to put stoploss/Profit order. Is is feasible to use Braket order in this situation. Means daily i need to put bracket order for the option contracts available in my
portfolio. if no order is triggered then that option should be open for next day. Is is feasible.
Thanks
Reply
Nithin Kamath says:

Not possible for now, but on our list of things to do.
Reply
602. baal J Pandit says:

Nitin,
Wondering whats stopping from enabling trigger price in bracket order.
BO is just not about less margin but also saving lot of typing in speed market.
Get that to us dear!
Reply
Nithin Kamath says:

Exchanges havent approved that product yet.
Reply
603. Shubhankara says:

Hi Nithin,
Can we convert MIS order into BO and vice-versa?
Reply
Nithin Kamath says:

No not possible.
Reply
604. trade_then says:

could we have the trailing stop loss facility in normal buy/sell stop loss order. So that it is decoupled from bracket order and be used otherwise to our advantage.
Thanks
Regards
Reply
Nithin Kamath says:

For now not possible.
Reply
605. Panduranga says:

HI Zerodha,
I have one query . Lets say i want to buy Wockhardt only when it become bullish. Lets say Wockhardt is trading at 760 and i want to buy it only when it goes above 770. So can
i use bracket order for this case. So here i want to buy Wockhardt at 770 and my target will be 800 and my stoploss will be 755. So is this type of order execution possible in
Bracket order.
Reply
Nithin Kamath says:

Currently bracket orders cant be entered using trigger price, which is required if you want to buy above the current price.
Reply
606. Mahesh says:

Nitin, can you please clarify these 2
1. When exactly we would have BO available in web KITE? I

2. Can I have BO for any equity or is it just for NIFTY and Bank NIFTY?
Reply
Nithin Kamath says:

1. Some more time.

2. It is for equity along with F&O.
Reply
607. Arun says:

Hi,
I have a scenario that I wanted to check whether is possible with bracket trades. Say a scrip is trading at 500, I want to place a bracket order with SL 450 and Tgt 550 but if
both targets are not hit, I would want to take a delivery. Further, Next day at 9:15 AM I would want to place a new SL and Tgt. In this scenario the SL and Tgt orders are
intraday where they expire everyday but the scrip purchase order is a delivery order. Is this possible?
Reply
Nithin Kamath says:

Currently not possible. Brackets can be used only for intraday trading.
Reply
Arun says:
Are Bracket orders available for Intraday equity traders or is it only applicable to futures?
Reply
Nithin Kamath says:
Available on intraday equity as well.
Reply
608. mahesh says:

Hello Nitin,
For a stock which is trading in 2 digits like 60 bucks, I want to take 1% profit/loss on either side using BO. How do I do that? Minimum absolute tick is 1 and in this case it will
be 0.6. Can you please clarify?
Reply
Nithin Kamath says:

Yeah, that is a limitation with BO and TSL. Currently you cant choose %.
Reply
609. sarang deshpande says:

hi..nithinji
what is auto square off time for BO and CO orders any revised in timings
thanx.
Reply
Venu says:
3.20 is the square off time for BO/CO.
Reply
610. mandar says:

Can i use trail order for my swing positions? meaning i enter with a normal entry (either market or limit order). But now price is near my exit target. so i want to use trail order
to protect profits, but let it run up with the market. is this possible?
Reply
Nithin Kamath says:

You can use this trailing stoploss only for intraday, also only if you have bought/sold using product type as BO. Not possible to do with your normal positions.
Reply
611. sanjay gupta says:

March 2, 2016 at 8:27 pm
Hi Nithin
In past i used to do traing on ICICI Direct . But since I started PI i have stopped .
Just want to say I find Bracket order placement confusing . It could be easy for others but not me . Sorry ! What I liked about ICICI direct margin plus order system is you
can put target price and stop loss which can be modified easily . Its not trailing stoploss but i found that easy .For me this trailing stoploss is confusing .
Reply
Nithin Kamath says:

March 2, 2016 at 10:18 pm
TSL is not mandatory. You could opt not to use it, and just use bracket order with target and stoploss order.
Reply
612. Mukesh Dhakate says:

March 3, 2016 at 12:58 pm
Hi Nitin Sir,
Is bracket order / trailing SL will be made available in mobile app,??
Reply
Nithin Kamath says:

March 3, 2016 at 1:31 pm
Yes hoping to have it enabled soon. You can send an email to kite@zerodha.com to get access of the beta.
Reply
613. ashish says:

March 4, 2016 at 2:03 pm
Hello Nitin
Why bracket order not allowing decimal values for exit and stoploss order. though it is allowing decimal value in a limit order. It is undesired specially if one is trading at low
price stocks. for example if I buy a stock at 11 and want to exit at 11.5 with stop loss order at 10.2, it would not allowed as bracket order not accepting decimal values in exit
and stoploss order. It is possible that stock does not move all the way to 12/- which is next non decimal exit.
Reply
Venu says:
March 4, 2016 at 2:47 pm
You can select Absolute and enter the value as 0.5 for Sqr off and 0.8 for Stop Loss and the order will go through as you wish.
Reply

March 4, 2016 at 6:21 pm
Dear Nitin ji,
Kindly let me know when BO facility can be enabled in Kite or Trade.Zerodha?

I have been waiting for this since August 2014. Kindly let me know the Time Frame. It will be useful for thousands of Traders like me.
Reply

March 4, 2016 at 6:23 pm
Dear Sir,
I have been waiting since 2014 to see BO enability in Web VErsion of Zerodha.
Kindly let me know the Time Frame sir.
Reply
616. manud says:

March 7, 2016 at 2:52 pm
Hi Nitin,
Is there any plans to enable equity/futures limit buy/sell orders remain in system till end of expiry or for longer than one day (upto 30/60 days) duration ?. This is available at
icicidirect as far as i know.
Reply
Nithin Kamath says:

March 8, 2016 at 12:44 pm
We are working on valid till cancel orders. It will take some time.
Reply
617. shivsharmadun says:

March 8, 2016 at 6:21 pm
Hello Mr Nitin,
Is BO expected in Commodity, if yes till when?
Reply
Nithin Kamath says:

March 8, 2016 at 9:16 pm
BO for commodity will not happen anytime soon I think. exchanges not approving them.
Reply
618. Amit Oberoi says:

March 10, 2016 at 7:31 pm
Hi nitin, one question, if the previous close of an equity is 100, and todays open is 95 and if I place a bracket order with price as 100, and at the time the bracket order is
placed the equity is at 96, will the order fill up at 96 or it will fill up when the price reaches 100.
Thanks
Reply
Venu says:
March 10, 2016 at 9:52 pm
If you place an order at 100 while the price is 96, itll get filled at 96 or whatever is the best ask price at that time.
Reply

March 12, 2016 at 6:57 pm
Thanks. One more thing i want to know is that if i place a buy order using code MIS, no orders for Stop Loss and Target sell will be created like in Bracket order. Here can i place
a SLM order and L order as is done in the BO automatically. Also can i place these two orders of SLM and L only after the transaction has been done or i can do it before the
transaction has been done. I want to do this because if a stock opens at 98, but i want to enter only when it crosses 100, so here if i place a BO with the price as say 100.1, it
will immediately get executed at the price of 98 only, which i dont want.
Thanks
Reply
Nithin Kamath says:

March 12, 2016 at 8:47 pm
Yes you can place a SLM and limit order like in BO manually after the initial order is executed. The only issue you will have is that for a position you hold you can place only
a single exit order (for margin consideration), the second order will require you to have extra margin.
Reply

March 13, 2016 at 9:03 am
Thanks, i dont know why i am not able to hit reply and continue it there. Anyways, there is another post by you here: http://zerodha.com/z-connect/tradezerodha/margin-
requirements/margins-2-exit-orders-for-1-position which says that for both the exit orders the entire margin is not required as extra. Is this still correct or something has
changed when you say that extra margin will be required for the second exit order.
Reply
Nithin Kamath says:

March 13, 2016 at 11:22 am
Once you have taken a position, yes you dont need extra margin to place both target and SL orders. sorry if I confused you.
Reply

March 14, 2016 at 10:12 am
Hi Nitin,
THis is regarding clarification you gave in the last comment. It is not working. I have taken a position, after that i am able to place a Target order but when i am trying to place
a SL order, it gets rejected due to margin money.
Pls confirm whether this works or not. The target order i have placed is a Limit order and the SL order i am trying to place is and SL-M order.
Thanks
Reply
Venu says:
March 14, 2016 at 2:23 pm
Can you send a screenshot of the order log or your client ID to support@zerodha.com and well have it checked.
Reply
622. Manish chauhan says:

March 15, 2016 at 9:30 am
how to place an bracket order in equity for intraday as i dont understand ticks and absolute
Reply
Venu says:
March 15, 2016 at 1:05 pm
I suggest you read through the blog again to get an understanding on ticks & absolute. Do call us on 080-40402020 and speak to one of our customer support agents who
can help you understand better.
Reply

March 15, 2016 at 7:26 pm
Hi guys,
Pls help, totally confused with the type of orders, following are the situations:
1. The current price is 97. I want to place an order for buy at 101 and an order for sell at 94. Which type of orders should these be considering the current price is 97.
2. If it is bought at 101, i will cancel the other order which i had placed for sell at 94. Now i have to place two orders against my buy at 101, one a profit taking order at say 103
and another a Stop Loss order at say 100. Which type of orders should both of these be.
3. If on the other hand it is sold at 94, i will cancel the other order which i had place for buy at 101. Now i have to place two orders against my sell at 94, one a profit taking
order at say 92 and another a stop loss order at say 95. Which type of orders should both of these be.
Thanks a lot.
Reply
Nithin Kamath says:

March 16, 2016 at 12:06 am
1. Use Stoploss orders with triggers. Check this post. . So SL-M buy with trigger at 101 and SL-M sell with trigger at 94.
2. Sell limit at 103. Sell SL-M with trigger 100
3. Buy limit at 92 and Buy SL-M with trigger at 95
Reply
624. kamalesh says:

March 16, 2016 at 10:42 am
Dear sir
is bracket order available in mobile application.Please guide me because I use zerodha 2.2.0.0 version mobile application and as I am working person it damn excellent for me
to use this order.
Reply
Nithin Kamath says:

March 16, 2016 at 7:39 pm
Kamalesh, bracket not available yet.
Reply
625. Om Upadhyay says:

March 16, 2016 at 9:45 pm
Hi Team,
I am facing challenge in bracket order from last two days, its executing orders on market price rather limit price mentioned in BO.
Please help, I have sent mail on support ID also.
Reply
Nithin Kamath says:

March 17, 2016 at 9:50 am
If you place a limit price above the current market price, it turns into a market order.
Reply
626. Georgy says:

March 20, 2016 at 10:56 pm
Nitin ji,
1. Does CO and BO get automatically executed at the end of day? Say if I buy 100 shares without margin, totally bought with cash placed a CO or BO then will I able to cancel
BO/CO and convert to delivery?
2. When will you introduce a separate option for placing a stoploss after a limit order/market order is executed on pi trading platform?
Reply
Venu says:
March 21, 2016 at 12:19 pm
1. If youve taken a position in BO/CO, they get squared off at 3.20 pm if you havent closed such positions yourself. When you buy shares in BO/CO, only partial margins
get blocked, not the full margin. Position conversion isnt possible. If you wish to buy shares on delivery, choose type CNC
2. Its already available. Once the initial limit/market order goes through, you can place a counter stop loss order by selecting the order type as SL/SL-M.
http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/stop-loss-orders-limit-market tells you how to place Stop loss orders on ZT, same process for
Pi as well.
Reply
Georgy says:
March 21, 2016 at 4:57 pm
Thank you. yes separate stop loss is there. my mistake.
Reply
627. Shekhar says:

March 24, 2016 at 12:53 pm
Hi Nithin,
It will be great if Pi allows to fire Bracket order from charts.
Eg: Entry line, S/L Line and Traget Line. Double clicking on the entry line, It should pick all the three values. Qty to be filled equivalent to the willing risk.
Thanks
Shekhar
Reply
Nithin Kamath says:

March 25, 2016 at 12:24 pm
On our list.
Reply
628. Shahnawaz says:

March 27, 2016 at 7:31 pm
Hi Sir,
How to write code in EA for Bracket Orders?
Example: If EMA-12 >EMA-26 (Crossover) = Buy 100 SBIN @ market price (P), set Target= P+1. 5, set Stoploss = P-3
Please! Help me with the Bracket Order coding, any other example can also help me understand it.
Reply
Nithin Kamath says:

March 28, 2016 at 1:46 am
You cant code bracket orders in EA. All conditions are TA based, so you cant set the price P as you have mentioned. If you are a programmer, Id suggest you to check
out: https://kite.trade/
Reply
629. Georgy says:
March 29, 2016 at 8:07 pm
if i place an BO, bought a stock at price 50 and SL 40 and target 65, and trailing stoploss 1. stock price falls to 43 and then moves back to 48 ie 5 points upside, then will the
stoploss also move 5 points?
Reply
Hanan says:
March 30, 2016 at 12:33 pm
Nope. Your stop loss will not change if the stock has moved down first. Your stop loss will change if the stock had moved up from your entry price first and then it started
coming down. The trailing function gets active only when the stock is moving in your direction.
Reply
630. John says:

March 30, 2016 at 10:52 pm
Is there a brokerage calculator for BO? I would like to compare the charges.
Reply
Nithin Kamath says:

March 31, 2016 at 1:02 pm
Brokerage charges remain the same as normal orders, so u can use this: https://zerodha.com/brokerage-calculator
Reply
631. Pruthvik Alampalli says:

April 3, 2016 at 9:29 am
Sir it is a great tool for intraday..but can v put this order as AMO.??
Reply
632. vignesh says:

April 7, 2016 at 8:28 pm
Hi Nitin, I dont know is it possible to make the bracket with some more options as follows. I want to do bracket order with SL-M. Because I just want to place order as buy
above and sell below with SL and TGT. If this option not exist then I will have place 6 SL-M order for buy,sell, SL and TGT. but I am not sure for placing order for 1 lot when I
trigger 6 SL-M order do i need to have 6 times margin or 2 times. If this SL-M enables in BO then I can make use of low margin and if BO enables for Future stock with SL and
tgt in decimal like .40 or .50 then It will more useful. Simply I just want to say is the BO can have SL-M order type with SL and TGT in decimal as minimul value should be .05
and not as 1. Please let me know your views.
Reply
Venu says:
April 7, 2016 at 10:53 pm
Currently the entry order for a bracket order is only by way of a limit order. Were in touch with our vendors to be able to provide you other entry order options. Will keep
you posted, itll take sometime though.
Reply
vignesh says:
April 8, 2016 at 7:48 am
Thanks. Can I place bracket order with target of .40 paise in stock future? Because I saw like the minimum absolute value should be 1.
Reply
Venu says:
April 8, 2016 at 12:23 pm
Yes, you can. Absolute Re.1 is for Trailing SL only.
Reply
vignesh says:
April 8, 2016 at 6:14 pm
Thanks a lot.everything fine except SL-L and SL-Mlet me wait for that implementation.appreciated your quick response
My understanding questions
1. If bracket say example buy got executed then SL triggered that means will target order will be auto cancelled? vice versa if tgt triggered then SL order
cancelled?
2. In normal buy/sell order type does SL means SL-L (Stop Loss Limit).
Reply
Venu says:
April 8, 2016 at 7:34 pm
1. Yes, on execution of one order, the other gets canceled.

2. Yes.
Reply
vignesh says:
April 8, 2016 at 9:38 pm
Thanks and sorry for more queries.
1. I have a doubt like while TSL has minimum value Absolute Rs. 1 then the target must have above 1 right?
2. Is it possible to place BO order without TSL.
3. Please provide your BO order illustration for the below values.
Buy value Rs. 444 Target Rs. 444.40 SL 445 ?
Reply
Venu says:
April 8, 2016 at 10:42 pm
1. No, target can be less than Re.1. If you want a Stop loss to trail, the trail will happen with min 1 point move, i.e for every 1 point move in
your direction, the stop loss will change by Re.1 in your favour.
2. Yes, keep the TSL option unchecked.
3. When your buy order gets executed at Rs.444, a target order gets sent at 444.40 and a Stop loss at 445. On execution of Target/SL order,
the other order gets canceled.
Reply
vignesh says:
April 9, 2016 at 6:54 am
Heartily thank you for the patients answersOne more
1. If BO buy/sell order got executed but security neither moving in my direction nor opposite, shall I go ahead and cancel the order and
take up the security for deliver?
2. After buy/sell BO order got executed is it possible to modify the target or stop loss absolute values?
3. After buy/sell BO order got executed, when system squares off my position at 3.20 will that be market price? and before 3.20 do I get
any reminder from system?
4. At a time how many BO order can be placed?
5. BO margin would be blocked for executed order, if modify possible then I will have to keep extra margin as per the modification right?
Reply
Venu says:
April 9, 2016 at 3:20 pm
1. No, you cant convert BO positions into delivery. You have to square off the BO position and buy again under CNC for delivery.
2. Yes
3. Yes, positions get squared off at 3.20 pm at the prevailing market price. Theres no reminder you get.
4. You can place any number of orders as long as you have the required margins for it.
5. Yes, additional margins will be required in case you modify the prices.

633. M Kithan says:
April 9, 2016 at 12:44 pm
Dear Zerodha,
I have some queries. Please help me out here. These are for intraday positions only.Can I place advance orders with or without using Bracket Order in regards to:
1. Example, Nifty April Futures is currently at 7500. I want to place 2 orders simultaneously. One is a buy call if Nifty crosses 7530 with entry point at 7532 and a Stop Loss of
7480. The other is a Short sell Call if Nifty falls below 7480 with an entry point at 7478 and a Stop Loss of 7530.
Reply
Venu says:
April 9, 2016 at 3:21 pm
These are conditional orders and are considered an algo product by the Exchanges and are disallowed for retail clients.
Reply
M Kithan says:
April 9, 2016 at 6:29 pm
Ok, So what would be the best alternative for me in this situation? Since at times we know that volatility is high and it may make a big move in either direction. And
also I cant be at my system the whole time to monitor.
Reply
Venu says:
April 10, 2016 at 9:49 pm
If you are using Zerodha Trader, you can set email alerts which will trigger an email based on the condition you set.
Reply
M Kithan says:
April 11, 2016 at 5:28 pm
Thank you
Reply
634. Ashok Bhatt says:

April 10, 2016 at 12:45 pm
Dear Nitin,
Is BO facility is available through call & trade?I dont have internet facility at office so it is not possible to place the order during office hoursAlso by when the BO facility will
be activated in mobile version of KITE.
Regards
Reply
635. Lakshmi says:

April 10, 2016 at 7:13 pm
Hi Nitin / Venu
I am a Zerodha Client.I want to know when can we expect Bracket Order for MCX.I was just checking website of SAMCO where they are offering BO for call and trade only for
MCX (as per information available in their website).So my query is if SAMCO has got the permission why not Zerodha.Will be more helpful if we can do this ourselves in
PI.Request you to take this up with MCX
Reply
Venu says:
April 10, 2016 at 10:18 pm
Will get back to you on this soon.
Reply
636. Sannidhya Agrawal says:

April 10, 2016 at 11:06 pm
In the trailing stoploss, only ticks option is there. So how can we place a trailing SL with absolute points?
Reply
Nithin Kamath says:

April 11, 2016 at 12:08 am
Trailing can be placed only in ticks.
Reply
mituldaga says:
April 11, 2016 at 11:03 am
Hi,
Your customer care people say that if we place StopLoss Sell in Absolute, then Trailing StopLoss is also placed in absolute irrespective of the Trailing Ticks mentioned
there above the box.
Reply
Sannidhya Agrawal says:

April 25, 2016 at 4:21 pm
Yes , that is why I raised this question. Its quite confusing. Please Mr. Kamath get this cleared.
Reply
Nithin Kamath says:

April 25, 2016 at 7:42 pm
Trailing Stoploss is always in ticks. Have explained in the post above.
Reply

April 25, 2016 at 8:01 pm
Sir please refer to the video of bracket orders by your company. Also you can refer to the main explanation above, you have mentioned 2.5 points in
the trailing stoploss. Thats why this confusion.
Reply
Nithin Kamath says:

April 25, 2016 at 8:19 pm
Ah my bad, I was talking about trailing ticks, it is always in ticks. Trailing SL can be either absolute or ticks.
Reply

April 26, 2016 at 2:59 am
But in the bracket order window trailing sl is mentioned in the ticks only. So please add both options in the bracket order window to avoid
confusion.
Reply
637. mituldaga says:

April 11, 2016 at 10:58 am
Hi,
When can we have entry in bracket orders using trigger price..? Without this feature its not possible to track multiple securities and enter orders when it hits the breakout price.
As many traders know the price level at which they wish to enter, a trigger price based entry is very much required.
Hope you people incorporate it as soon as possible.
Reply
638. Shabeer says:

April 13, 2016 at 12:14 pm
Hi
I have been going thru this comments and found there are 100s of request to have Trigger and Limit price enabled for Bracket Order ,
i was surprised to know why this was not enabled on Pi like advanced trading platform !,
Can anyone update us when we can expect this enabled ?
Reply
Nithin Kamath says:

April 13, 2016 at 7:43 pm
This hasnt been approved by the exchanges yet.
Reply
mituldaga says:
April 13, 2016 at 10:18 pm
If this has not been approved by exchanges, its surprising how Sharekhan Trade Tiger terminal is giving this option for more than a year now.
Reply
Venu says:
April 15, 2016 at 8:31 pm
The Exchanges dont give a blanket approval to all brokers. Were in touch with our vendors & the Exchanges to get this facility up & rolling, well keep you
posted when its available.
Reply
mituldaga says:
April 16, 2016 at 8:16 pm
Gr8thanx.
Reply
639. imr says:

April 13, 2016 at 3:43 pm
Can you please let us know, whether BO (bracket order) will be enabled in Zerodha Trader or it will be there only in PI.
And in PI do you have any plan to Enable BO in MCX.
Is there in any possibility for Zerodha to start NCDEX trading platform, as few of the commodities are generating huge volumes from few months in NCDEX.
Reply
Nithin Kamath says:

April 13, 2016 at 7:50 pm
BO is on both Pi and ZT. On MCX currently not allowed. NCDEX hmm.. maybe not.
Reply
imr says:
April 13, 2016 at 10:31 pm
But in ZT under Orders and Trades tab if can see (Order Entry ,Basket order , After Market Orders , Cover Order Entry, Spread Order ). But unable to see Bracket
Order Option. Do i need to seek approval from technical dept for having BO in ZT.
And as you have said in MCX BO is not allowed, Can you provide any expected time limit in which it can be started.
Reply
640. Sainudheen says:

April 17, 2016 at 11:54 am
Sir,
Bracket order facility would be available on Commodity trading,
Reply
Venu says:
April 18, 2016 at 12:34 am
No, MCX hasnt given approvals for BO on retail trading platform yet.
Reply
641. freeTrade says:

April 17, 2016 at 11:37 pm
When will BO willl come to Kite, it was supposed to come by end of dec15 last year, its april16 still no sign of it. when can we see it coming to Kite.
Reply
Venu says:
April 18, 2016 at 12:39 am
Soon, well ensure itll be worth the wait.
Reply
642. amar kinhikar says:

April 24, 2016 at 6:42 pm
There is no option for to enter trigger price . If i want to short 25 points below current price how to put order
Reply
Nithin Kamath says:

April 25, 2016 at 1:31 pm
Brackets currently dont have an option to enter via a trigger.
Reply
643. raghuvardhan says:

April 27, 2016 at 5:48 pm
hi nitin,
example i have placed a order with trailing SL 40 ticks(2 points), can i set it this way like if 40ticks goes in my direction then only 20ticks SL should be modify ?
Reply
644. Amit Choudhary says:

April 30, 2016 at 2:59 am
when can we expect BO with MCX??
Reply
Nithin Kamath says:

April 30, 2016 at 1:48 pm
We are working on getting it approved at the exchange.
Reply
645. Yogesh says:

May 3, 2016 at 5:38 pm
Is bo available in Kite android? Just called your support team as per them BO is now available on app. If yes, when it will be available on kite web
Reply
Venu says:
May 3, 2016 at 7:27 pm
No, it isnt available on the app yet. Well keep you posted when it gets updated on Web. Should happen soon.
Reply
646. K says:
May 4, 2016 at 6:34 pm
Hello Nithin, am using this forum as this is the only way to reach out to you!! there were network outage in your office thrice in 1 week and BOs were not going thru resulting
in huge losses and the response from your associates were un-explainable!!!!
Please look into this immediately as this is clearly a thread to zerodha s image!!
Reply
647. K says:
May 4, 2016 at 9:13 pm
Just to explain the impact of BOs not going thru when you want to close it ;
if for ex someone has shorted 5000 qty in just dial Fut and it moved in opposite direction from 50+ to -50 points (intra day 100 points) the customer is going to be liable to pay
5 Lacks!!! This is after loosing the opportunity of whatever profit s/he could have booked! The funds in the account is of no use and the triggered order was already in place and
order modification was not going through for 4 hours!!!!!!!!!
The issue is that the link between zerodha and third party vendor is broken and for no fault of customer, he/she has to take this huge hit This is unacceptable and am not sure
how many retail or frequent traders were aware of this and caught in this situation in the last three network outage..
Nithin the question is what risk mitigation is in place and the customers are not forced to take losses for an issue between zerodha and third party.. What is the guarantee
that this issue will not re-occur in future, how many back up servers are in place,
The bottom line is that discount brokerage and niche products(BO) is good but it should not take away clients complete capital and put him/her in huge financial risk.
Reply
Nithin Kamath says:

May 5, 2016 at 1:47 pm
K, this was an issue out of our control. We have done whatever possible from our side. This is just not a discount broker issue, these things have happened at every
brokerage out there. Leased lines in India are a nightmare, especially with muncipalities digging without caring for the lines.
Reply
K says:
May 5, 2016 at 2:58 pm
Nithin,That is a problem between you and your third party vendor and what contract you have in place for recovering the damages, instead how could you make
customers profit and capital vanish? for no fault of him/her? By the way other brokers have back up servers and they do have a good risk management system in
place at the least!! to protect customer capital.
so what if, this issue happens on expiry day, please clarify on what sort of unbelievable risk your customers would be IN. Have you explicitly mentioned this risk
when you rolled out the BO product?
So taking the April expiry as an example one who who had 1L 7900 put and had your systems broke like this the person would end up have 50Lacs liability.
When your systems broke why did you not increase the margin limit to protect customer capital?
This is clearly breach of trust and if these are the cons of discounted brokerage please call this out clearly it has become Penny wise Pound foolish story for me..
what is offered by your associates is brokerage refund which is not worth to state as a % comparing the profit/capital loss
Reply
Nithin Kamath says:

May 16, 2016 at 7:47 am
K, the issue we face had nothing to do with us being discount brokerage. We spend more money on tech/infra than most full service brokerages out there. The
leased line/network issue in India has affected quite a few financial services firms, with really big brokerage firms being down for many hours at a stretch. I have
been a trader before, so I absolutely understand the risk, and like I have said earlier, people with access to our balance sheet will see that we have spent crazy
amounts of money on our tech/infra. Backups/backups to backups, everything is in place. If you read my email that I had sent after the incident, the issue
happened because exchanges dont give an active failover.
Exchanges themselves have had tech issue, if you remember the billions of dollars lost due to technical glitch on NYSE/NASDAQ. No one refunds any capital loss
due to such glitches.
Reply
648. Sebastine says:

May 6, 2016 at 4:45 pm
Modification of executed bracket orders for their target and stop loss positions is really so difficult that all the advantages of bracket order often turns to be of no use at all.
Instead of modifying just one target order, hundreds of orders are to be modified, which is practically impossible. ( It seems this heavy load of target orders is one of the
reason, why bracket order execution gets hanged as happened on 4th of May 2016) It is high time this modification is made possible in just one click, as in other platforms.
Reply
649. Mohamad Rafik says:

May 7, 2016 at 3:51 pm
Is this Bracket possible in Currency Trade. I am forex trader. can u explain with example for bracket currency order.
Reply
Nithin Kamath says:

May 7, 2016 at 8:25 pm
Yep possible on currency. It is exactly similar to equity that is explained. The only difference is that in currency the tick size is 0.0025 whereas in equity and F&O is 0.05.
Reply
650. vikrant says:

May 7, 2016 at 7:36 pm
any plans to introduce trigger price in bracket order eg nifty ltp is 8000 and put order to buy at 8010
Reply
Nithin Kamath says:

May 7, 2016 at 8:30 pm
This hasnt yet been approved by exchanges.
Reply
651. Bonny says:

May 9, 2016 at 11:17 pm
Hi,
1. Can we expect a product similar to BO for delivery trades in equity and derivatives?
Reply
Nithin Kamath says:

May 9, 2016 at 11:23 pm
On delivery trades is a little tricky.
Reply
652. Girish says:

May 11, 2016 at 8:30 pm
Hi, I am very please to see BO option available in Kite. While executing there are no ticks as absolute available while giving trailing SL. How this is working in Kite? does it mean
that whatever value we put will be absolute means 1 is equal to 1 point or it will be 1 tick is 0.05 point of nifty call option.
Ex: if I buy nifty 7800 CE at 100 and put stoploss value as 10, Square off at 30 and Trailing SL at 5. so if nifty call option reaches 125 adn then goes downwards, my Trailing SL
will be at 115 and the order will get executed and I will have a profit of 15 in this case. Is this the way it works in Kite or it is somewhat different please explain.
Reply
Nithin Kamath says:

May 12, 2016 at 1:34 pm
Girish, everything is in absolute value. So yes, what you are telling is the way it works.
Reply
653. KAMAL AGARWAL says:

May 12, 2016 at 11:07 pm
Hi, i placed order with BO through kite but was unable to modify or exit. Please share whether the modiffy and exit option is available or not in kite.
Reply
Nithin Kamath says:

May 13, 2016 at 12:36 pm
It is working fine. for us. Have you raised any ticket?
Reply
654. Vinay says:

May 13, 2016 at 10:01 am
For BO, CO and MIS, only a margin of our account balance is used..right?
So do I need to maintain the CNC balance in my account for that number of shares?
For eg. I want to buy xyz share whose price is 100 rs. I want to purchase 1000 share. So do i need to maintain 1,00,000 bal in my account or can I purchase those share with
less bal (lets say 50,000) in my account using BO,CO or MIS options?
Reply
Nithin Kamath says:

May 13, 2016 at 12:43 pm
You can buy it with much lesser money. With only Rs 10000 you can buy Rs 1lk worth in case the multiplier is 10. You can check our margin calculator to know how much
leverage you get.
Reply
Vinay says:
May 13, 2016 at 2:12 pm
I get that, but does this mean that I dont have to maintain large amount of balance in my zerodha trading account but only the amount required for specified
margin?
Like only 15K for 1.5 lakhs worth of share or so..
Reply
Nithin Kamath says:

May 13, 2016 at 7:29 pm
Yes, but such trades can be done only for intraday. Before market close, all such positions have to be forcibly closed.
Reply
Vinay says:
May 16, 2016 at 10:16 am
Nitin I tried to place an order today for 200 shares of XYZ company at price 490.
It gave me the following error:
rms:margin exceeds,required:117600.00, available:17489.69 for entity account-****** across exchange across segment across product
Can you help me here. You said I only need to maintain balance worth the given margin, right?
Reply
Nithin Kamath says:

May 16, 2016 at 10:36 am
I am guessing you had placed another limit order which was blocking the margin. But send all account specific queries to support@zerodha.com
Reply
Vinay says:
May 16, 2016 at 11:49 am
I tried placing it in Bracket Order it gave me this error.

I placed the same order using normal MIS. It got placed.
I think there is some issue with Bracket orders. Please check.
Reply
Nithin Kamath says:

May 16, 2016 at 12:58 pm
Send account specific queries to support@zerodha.com with your client ID.
Reply
Vinay says:
May 16, 2016 at 2:23 pm
Okay. Thank you for your quick replies.
Just 1 more query. How much time does it take to reflect our realized profits in our Total account value?
Reply
Nithin Kamath says:

May 16, 2016 at 7:02 pm
T+1 day.

655. Venkatesh says:
May 13, 2016 at 3:28 pm
What happens in the below example in case of a Bracket Order?

Buying Price = Rs.10
Stop Loss = Rs.10
Target Price = Rs.12
Will the Stop Loss be triggered immediately after buying? Is there any chance to avoid the Stop Loss being triggered in this case?
Reply
656. somnath says:

May 13, 2016 at 3:29 pm
Can i change TSL when the first leg is executed and it will be in Absolute or in Ticks.?
Reply
657. Ilyas says:

May 13, 2016 at 6:35 pm
Hey Nitin, I have a really quick question for you,

Using BC I bought 3 contracts of any instrument and I want to get out 2 contracts on Profit Target1 and I want to get out the 3rd contract on Profit Target 2. How it can be done
with BC.. Please help..
Reply
658. Joseph J says:

May 14, 2016 at 12:15 pm
If i buy 3 lots of Nifty, and put the Stop Loss as 10, does the system recognize the 10 points as Stop Loss per lot or the entire lot?
Reply
Nithin Kamath says:

May 14, 2016 at 4:45 pm
10 points for entire order or 3 lots.
Reply
Joseph J says:
May 16, 2016 at 6:08 pm
Hi Nithin
1. Is it possible to move the stop loss to cost once the trade is in profit? Should i put 0 in absolute to do this?
2. Is it possible to move the stop loss to Cost plus x point profit once the trade is in profit? How to do this?
I dont want to use the Trailing Stop option.
Regards
Reply
659. Kaustabh says:

May 14, 2016 at 10:13 pm
Suppose I make a MIS(Intraday) order to buy at 105 and sell at 110. Now the price after going upto 106, falls to (a)95 or (b) It revolves around 107+/- but doesnt reach 110,
now I want to sell the shares(equity) at loss or low profit. How will I do it.
Reply
Nithin Kamath says:

May 15, 2016 at 12:23 pm
a. Modify your sell limit order of 110 to market or Rs 95

b. Modify your sell limit order of 110 to 107 or market.
Reply
660. DEVESH JAIN says:

May 17, 2016 at 2:58 pm
Hello please clarify whether a sl order & target order can be modified after execution of initial buy\sell order. suppose i have bought nifty future in 7921 with stoploss 7898 &
target 7943 via bracket order ,,,now if nifty moves to 7940 can i modify my target order to 7970 & sl order to 7921
Reply
Nithin Kamath says:

May 17, 2016 at 7:42 pm
Yes you can modify, go to pending orders and change the value.
Reply
DEVESH JAIN says:

May 18, 2016 at 9:39 am
Thanks Nithin for your prompt & fast reply.one of your support staff told that such orders can be modified only before initial buy\sell order got executed.once it got
executed target & sl orders cannot be modified.
Reply
661. suman.uav@gmail.com says:

May 29, 2016 at 11:22 am
Hi,
I have one question regarding Intraday Short Selling. Suppose T is the ex-dividend date of share ABC, and T+1 is the record date. Now If I go for short sell of ABC on T as a
MIS order, do I need to pay anything extra on later dividend payout date or not?
Reply
Nithin Kamath says:

May 29, 2016 at 7:36 pm
No, you dont have to pay anything extra.
Reply
662. jaya says:

May 29, 2016 at 6:12 pm
nithin sir samco trading company is also provide B/O in MCX, so that is batter if you have provide B/O in MCX
Reply
Nithin Kamath says:

May 29, 2016 at 7:42 pm
I think they are providing only through call n trade.
Reply
jaya says:
June 5, 2016 at 4:11 pm
yes sir i am chake they are provide only call and trade option for comodity B/O , but sir can you are provide B/O in comodity after some time than we are wating for
best trading oftion from zerodha .
Reply
663. venkat says:

June 1, 2016 at 11:58 am
I have a question. I am just trying to start intra-day trading and started few test trades. As per my understanding about BO, the margin requirement is Qty*Stoploss, but when
I placed a buy order on Maruti as per the following details, the system blocked more than 2000 as margin from my funds. Can you please tell what is wrong with my
trade/understanding?
Placed Buy order in Kite on Maruti at 4165 for 10 qty with stop loss of 10 and target of 20.
Even when I try to check on the margin calculator, it is showing 2000+ as margin and there is no option to set stop loss in the calculator.
Regards
Reply
Nithin Kamath says:

June 1, 2016 at 12:38 pm
Are you checking this calculator: https://zerodha.com/margin-calculator/BracketCover/
Reply
venkat says:
June 1, 2016 at 1:14 pm
Yes. leaving the calculator issue, why is it blocking 2000+ for 10 shares with stop loss of 10? Is my understanding of margin calculation in BO is wrong?
Reply
venkat says:
June 1, 2016 at 1:29 pm
Another example is that For 10 shares of Asian Paints Buy order in BO with 10 stop loss, it blocked 487 as margin from my funds.
Reply
Nithin Kamath says:

June 1, 2016 at 2:16 pm
Asian paints is at 1000, so to buy 10 shares you need 10,000. Because of BO you need only around 487, so you are getting around 22 to 25 times leverage.
Which is correct for a stock like asian paints, nothing wrong here.
Reply
664. venkat says:

June 1, 2016 at 12:01 pm
What will happen in BO if neither stop-loss nor target are triggered? will the order be squares-off end of day? OR can we convert it to CNC?
Reply
Nithin Kamath says:

June 1, 2016 at 12:39 pm
Will be squared off by 3.20pm.
Reply
665. venkat says:

June 1, 2016 at 1:37 pm
Can we buy in BSE and Sell in NSE in intra-day/MIS?
Reply
Nithin Kamath says:

June 1, 2016 at 2:17 pm
No, Check this: http://tradingqna.com/2163/arbitrage-buying-equity-nse-and-selling-it-bse-is-it-possible
Reply
666. santana says:

June 3, 2016 at 10:52 am
Hi,
I have queries as under:
1) you are stoping Nest trader and concentrating on Pi and Kite.
So I will be using Pi and queries pertaining to Pi.
2) I want to take positional trades in commodity segment.
I will be placing order and stop loss together, which will remain till
stop loss hit or expiry of contract.
3) Do I have to pay margins for order(buy or sell) and stop loss order(trailing) ?
4) I have NISM certificate, what is the total cost for algo set up.
5) In Pi renko charts are distorted where as in Sharekhan tradetiger terminal
renko charts are not distorted. I trade mostly on renko charts.
6) Will you be able to correct Pi renko charts like Sharekhan ?
Thanking you for early reply.
yours truly,
s.s.pereira
Reply
667. Manish says:

June 8, 2016 at 2:45 pm
Hi Nitin,
I was trying to place a BO. It was intraday buy order. I chose an entry price that was reached during the opening 30 mins and then the prices had come down. To be precise, I
wanted to buy 5 shares of Bharat Forge at INR 773. The stocks 30 min high was 773 and then come down.
I put in the following criteria:

Buy 5 @ 773
Target = 790
SL = 763
Trail by 2 points
When I submitted the order got executed i.e. Buy @ 768!
Isnt the order supposed to wait till the Buy price is reached?
Reply
Nithin Kamath says:

June 8, 2016 at 2:53 pm
Manish, there is no option currently to enter bracket orders as trigger. You can enter only using limit orders, so if you place a limit buying order above the current price, it
will get bought at market price since your buying orders is higher.
Reply
668. Rishi says:

June 14, 2016 at 9:49 am
Hi
Suppose I have funds of 50K in my Trading account. Will it be possible for me to trade around 8-10 Futures for intraday with perfect stoplosses and targets?
Just confused on the how much leverage zerodha gives. Essentially, all my orders will be BOs, and will be placed simultaneously.
If 50K is insufficient then how much would be required?

Thanks
Reply
Nithin Kamath says:

June 14, 2016 at 2:31 pm
You can use the bracket order margin calculator to see it yourself. For Nifty, you can trade 1 lot with around 18k margins using BO.
Reply
669. sachin says:

June 14, 2016 at 8:28 pm
Does Zerodha provide bracket order for commodity?
Reply
Nithin Kamath says:

June 14, 2016 at 10:13 pm
No
Reply
670. advisors.aarthik@gmail.com says:

June 15, 2016 at 1:09 am
Hi Nitin,
Are there additional fee/charges for leveraging margin on CO and BOs?
I dont see any info on this?? Typically few broker do charge for utilizing margin so
Please advise.
Reply
Venu says:
June 15, 2016 at 12:56 pm
No, theres no additional fee/charge for the margin benefit that you receive when you place CO/BO orders.
Reply
671. kaustav says:

June 15, 2016 at 12:59 pm
can i put more than 1 bracket order at the same time in same script for different price or levels of that script
Reply
Nithin Kamath says:

June 15, 2016 at 6:20 pm
Yes, you can.
Reply
672. sunil parab says:

June 20, 2016 at 12:26 pm
H
i want to place bracket order at specific price,but there is no option currently to enter bracket orders as trigger.
How can place bracket order as trigger?
when zerodha going to provide trigger price facility?
Reply
Nithin Kamath says:

June 20, 2016 at 6:13 pm
Currently only limit orders, entry through trigger is still not approved by exchange.
Reply
673. sandeep kumar says:

June 21, 2016 at 10:08 pm
Subject: why not able to sell in mis pgel company share
Submitted on : 21/06/2016
trade get rejected due to: rms blocked for nse_cm for all
Reply
Nithin Kamath says:

June 22, 2016 at 12:43 am
Not all stocks are allowed for trading in MIS. Exchanges keep moving stocks to T2T/BE segment, where only delivery based trading is allowed.
Reply
674. MANOJ KUMAR SHARMA says:

June 22, 2016 at 5:56 pm
sir
if i purchase two lots of RIL can i place two targets but same sl in BO
Reply
Venu says:
June 22, 2016 at 7:09 pm
No, you cant. The SL & target will remain the same for both lots. To place different targets, you have to place 2 different BO orders.
Reply
675. Anas says:

June 23, 2016 at 9:36 am
while placing the bracket order in CDS what will be the absolute value in terms of currency movement?
will it be like target of .1000 or something different if I am trying to achieve a target of 10 paise?
in terms of ticks it will be 4 ticks for 1 paise right?
Reply
Venu says:
June 23, 2016 at 12:14 pm
The tick size for currency is 0.0025. The minimum absolute is 0.05. In case you want to achieve a target of 10 paise, youll have to mention the absolute as 0.10 or the
ticks as 40. (40 ticks = 10 paise)
Reply
Anas says:
June 23, 2016 at 1:22 pm
thank you venu
Reply
676. Subhamay says:

June 23, 2016 at 3:51 pm
What about shorting a stock? Whenever I try to short sell any stock at a given price, my order gets cancelled. Is this feature not supported with my Zerodha trading account?
Reply
Venu says:
June 23, 2016 at 5:43 pm
Make sure youre choosing the right product type whilst placing the order. The product type has to be MIS (Margin Intraday Sq.off) which is an Intraday product code. The
position if entered, will have to be squared off by you before eod failing which itll be auto squared off.
Reply
677. sagar says:

June 23, 2016 at 4:42 pm
tried BO order for bank nifty

got below message.
rms:blocked for banknifty optidx nse_fo ce bo expiry date: 2016-06-23 block type: all
am i not supposed to use BO orders on expiry day in index FO and stock FO.
Reply
Venu says:
June 23, 2016 at 5:44 pm
Bracket order is not available for weekly options as of now due to lack of liquidity.
Reply
678. omkar says:

June 24, 2016 at 2:36 pm
Hi,..
Thanks in Advance
1. Is it true that margin facility is only available Braket order ond Cover order ?
I place order by selecting MIS type then my order is rejected with error margin insufficient pls give explanation
2. Just want to confirm .What is the meaning of Brokerage Rs.20 per trade ?
If i trade more then 1 lot then my brokerage is Rs.40 + other charges.m i correct ?
I used Brokrage calculator but i want to confirmed it.
Reply
Venu says:
June 24, 2016 at 3:31 pm
1. You get extra leverage when you place an order under BO/CO. Although MIS is a leveraged product, you dont get as much leverage as BO offers. Eg: You get 11X
leverage when you place an MIS order for NTPC and almost 20X when you place a Bracket order. You can check these details on the margin calculator here:
https://zerodha.com/margin-calculator/Equity/
2. Depends on the number of orders you place. If you trade more than 1 lot in one order, your brokerage still remains Rs.20. We charge you on the number of orders you
place, not on the number of lots per order. Each order is charged Rs.20/-
Reply
679. omkar says:

June 24, 2016 at 3:43 pm
If i loss my internet connection or my mobile data pack is off then my pending order will get executed ?
is there any requiremnt to keep online till orders get executed ?
Reply
Venu says:
June 24, 2016 at 4:01 pm
Yes, if the orders are pending at the server then itll get executed even if your mobile data pack is off. You only have to ensure that the order is placed.
Reply
680. Aadhavan says:
June 30, 2016 at 11:19 am
Hello team,
1. Do I have submit a separate form for utilizing BO & CO.
2. Is there any minimum account value required to utilize the BO & CO.
I am having issue in utilizing the BO for my account. A pop up coming in Kite platform saying BO is not enabled product codes of : XXYYYY.
Kindly guide me through this. Thank you.
Reply
Nithin Kamath says:

June 30, 2016 at 4:42 pm
Can you send an email to support@zerodha.com. We will have this enabled. Ideally it should be by default.
Reply
Aadhavan says:
July 4, 2016 at 11:47 am
Thank you Nithin.
Reply
Ankit nautiyal says:

July 10, 2017 at 12:33 pm
I am also having issue in utilizing the BO for my account. A pop up coming in Kite platform saying BO is not enabled product codes of : XXYYYY.
Kindly guide me through this. Thank you.
Email id- Ankitnautiyalpro@gmail.com
Reply
Nithin Kamath says:

July 10, 2017 at 1:50 pm
Can you email support@zerodha.com with your client ID.
Reply
Ankit nautiyal says:

July 10, 2017 at 7:21 pm
Thank you so much sir. Problem is solved.
Reply
681. Arun says:

July 4, 2016 at 1:47 pm
I am confused as whether to choose LTP or ATP for placing order ? When to choose either?
Reply
Nithin Kamath says:

July 4, 2016 at 1:58 pm
Use LTP or last traded price.
Reply
682. Arun says:

July 4, 2016 at 3:39 pm
Nithin
What is the significance of LTP and ATP in bracket orders ? When to use either ?
Reply
683. ghanshyam singh says:

July 6, 2016 at 1:27 pm
DEAR NITIN
CAN I PUT BO WITH DECIMAL POINT. IF IT IS SO, WHETHER THE TARGET AND SL RUN IN THE SAME MANNER EVEN I GIVEN 10 ABSOLUTE POINT FOR SL AND 30 ABSOLUTE
POINT FOR TARGT. FOR EXAMPLE- I LONG NIFTY @ 7343.7, MY SL WILL BE 7333.7 AND TRG 7373.7. IS THAT CORRECT. PLEASE EXPLAIN.
CAN YOU PLEASE GIVE ME THE REPLY IN MY MAIL IF MISS TO SEE THIS COMMENTS.
THANKS AND REGARDS.
GHANSHYAM SINGH
Reply
Nithin Kamath says:

July 6, 2016 at 4:22 pm
Yes. You can put SL in this case as 10 absolute points and target as 30 points.
Reply
684. ghanshyam singh says:

July 6, 2016 at 1:38 pm
DEAR NITIN,
AS PER FUNDS DEPOSITS AND WITHDRAWAL, IT IS STATED THAT PAY-IN(DEPOSIT OF FUND) WILL BE INSTANTLY THRO PAYMENT GATEWAY. BUT I HAD VERY BAD
EXPERIENCE. MY FUNDS WERE NOT CREDITED EVEN AFTER 2 DAYS. I REFERRED THIS MATTER TO 0UR SUPPORT AND ACCOUNTS DEPT. I SUGGESTED THAT THERE IS
SOMETHING WRONG WITH YOUR GATEWAY PARTNER. EVEN-AFTER COMPLAINED I EXPERIENCED THE SAME IN MY SUBSEQUENT TRANSACTION. PLEASE LOOK INTO THE
MATTER. I CANNOT PUT WHOLE OF MY MONEY WITH YOU, BECAUSE I AM PAYING INTEREST TO MY BANK AGAINST THE CASH LOAN THEY HAVE EXTENDED TO ME.
THANKS AND REGRD,

GHANSHYAM SINGH
Reply
Nithin Kamath says:

July 6, 2016 at 4:20 pm
Ghanshyam, we are in the process of shifting from our current payment gateway provider.
Reply
685. T.V.K.R.KUMAR VARMA says:

July 6, 2016 at 8:43 pm
SIR,
GOOD EVENING SIR.IN BRACKET ORDER,IN TRAILING STOP LOSS,1 tick on Nifty is 0.05.IN OTHER STOCKS FOR EXAMPLE IN SBI HOW CAN I APPLY THIS SIR.PLEASE
EXPLAIN.THANKING U SIR,
Reply
Nithin Kamath says:

July 7, 2016 at 3:13 pm
1 tick is 0.05 for all stocks
Reply
prakash says:
Can you explain this a bit? Also In Kite there doesnt seem to be an option to switch between Absolute values and ticks..
Reply
Nithin Kamath says:

Check this: https://kite.trade/docs/kite/#advanced-order-types
Reply
686. T.V.K.R.KUMAR VARMA says:

July 7, 2016 at 8:20 pm
ok sir,thank u.
Reply
687. Sneha says:

July 8, 2016 at 4:41 pm
BO ORDER can available on KITE (mobile version)

Trailing stop loss available for web and mobile platforms?
How can put the BO order on mobile?
Reply
Nithin Kamath says:

July 8, 2016 at 7:09 pm
Yes available on Kite web and mobile
Reply
688. Tanmoy says:

July 11, 2016 at 7:58 am
Hi,
One doubt on placing a bracket order. Trailing Stoploss asks for trailing ticks only. So do I have to mention the trailing stoploss only in ticks? Or is it that if I chose absolute
in case of stoploss I can mention trailing stoploss in absolute points as well.
TIA
Reply
Nithin Kamath says:

July 11, 2016 at 10:01 am
If you chose absolute, you can mention it in points as well.
Reply
Tanmoy says:
July 11, 2016 at 8:56 pm
Thanks
Reply
689. Vijay P says:

July 15, 2016 at 11:40 am
Please consider my following two requests to incorporate into the Zerodha trading software.
1. Stoploss orders for Bracket orders. For example if Nifty is at 8500, I should be able to enter a trade only if it goes to 8510 and may like to exit at 8520.
2. F&O orders with underlying price as triggers. For example if Nifty is at 8500, I should be able to buy Futures only if Nifty touches 8510.
Reply
Nithin Kamath says:

July 15, 2016 at 9:33 pm
Both on our list, but will take some time.
Reply
Vijay P says:
July 19, 2016 at 2:03 pm
Great! I Thank you very much! I am eagerly waiting for this. When can I expect this?
Reply
690. Poonam says:

July 15, 2016 at 12:26 pm
Dear Sir, It is very tedious to close/ square off multiple open bracket orders ( without waiting for the TGT or for the SLO) as we need to close each and every order .
Now say there are more than 10 Nifty futures buy bracket orders are open , there are two options available , i,e to close all the the orders at one click by selecting all and
pressing EXIT button but orders are fired up at market price( which is not desirable as currently niftys spreads are sometime more than 2 points ) or else to close one by one
order but which is tedious and takes lots of time .
So My issue is Can we close/square off all open bracket orders AT ONE CLICK at a desired LIMIT price instead of MARKET price .
Reply
Nithin Kamath says:

July 15, 2016 at 9:35 pm
Not possible for now Poonam.
Reply
691. shindearchana88@gmail.com says:

July 16, 2016 at 1:17 pm
Hi,
I am trying to place a bracket order via kite app. With fixed stop loss. What I did is I place a short order for oriental bank which is trading at 125 and I place order for 300 qty.
With two rupee stop loss but my order got rejected saying that margin required is 36000 RS. Ideally 2000 RS is enough for this. Can you help me on this is I am doing
something wrong.
Archana S
Reply
Nithin Kamath says:

July 16, 2016 at 2:11 pm
Did you have any other pending order open at that time? Are you sure you are using the bracket order option? Check this: https://kite.trade/docs/kite/#advanced-order-
types
Reply
shindearchana88@gmail.com says:
July 16, 2016 at 3:15 pm
Hi ,
There is no pending order and have tried the same two three time but I got the same error margins required is not enough.
Archana S
Reply
Nithin Kamath says:

July 16, 2016 at 4:39 pm
Can u send an email to kite@zerodha.com with screenshots, we will check and call back.
Reply
Akshay says:
I had exactly the same problem couple of days back. The order got rejected due to insufficient margin. The margin required was more than the actual price
of the stocks. There were no pending orders at that time. And after the rejection of the Bracket order I was able to execute Cover order for the same stock
for the same quantity.
Reply
Akshay says:
I think I got it. The price was 78 and in stop-loss I was putting 76 and in target 80. I think I should have put 2 in both places. Am I right ?
Reply
Venu says:
Yes, youre right.
Reply
692. Vidya says:

July 19, 2016 at 2:06 pm
Hi. I use Zerodha Pi. When I see the BO order placement window, its clear that for the SquareOff order and StopLoss order, one can choose between Absolute or Ticks. But for
the Trailing StopLoss, it looks like Ticks is the only option. Is it not possible to set the Trailing StopLoss in terms of Absolute value? Please clarify. Thanks!
Reply
693. Vijay P says:

July 19, 2016 at 2:34 pm
I found it very confusing the placing of stoploss, target and trailing stoploss on the bracket order.
I prefer to place everything in absolute terms only which is the natural way. The application can calculate the values internally.
For example, if I buy Nifty futures at 8500, I would like to specify 8475 as stoploss and 8525 as target and 10 points as trailing stoploss. The application may like to calculate
the SL and target internally as 25 points or 500 ticks. And the same for the trailing SL as well.
Meanwhile, could you please specify in the Kite the mode we are placing these values. For example Stoploss (Ticks) or Stoploss (Absolute) and so for the others as well.
Thanks you very much!
Reply
694. supriya says:

July 19, 2016 at 8:01 pm
When will start BO to commodity. CO is very risky to trade in commodity because it hits to market order. I think if zerodha start BO to commodity then surely many more
people trade in commodity.
Reply
695. Arun says:

July 20, 2016 at 2:45 pm
Nithin
What is the significance of LTP and ATP in bracket orders ? When to use either of them ?
Reply
Nithin Kamath says:

July 20, 2016 at 10:31 pm
LTP, last traded price, ATP average traded price. Keep it LTP all the time to set your SL and Target based on LTP.
Reply
696. Ekta says:

July 22, 2016 at 6:10 pm
Sir, when will bracket order be enabled in commodity? You are requested to do it soon.
Reply
697. Siddharth says:

July 26, 2016 at 1:41 pm
Trying to put an Bracket order for MINDTREE CE 560, around 7-7.2, with a Stop Loss of 4 & target price of 12, but the platform shows rms:blocked for optstk nse_fo bo block
type: all , what I should do Nithin, please help, your executives cant help, please you tell me.
Reply
Nithin Kamath says:

July 26, 2016 at 1:42 pm
Brackets are not allowed on stock options.
Reply
Siddharth says:
July 26, 2016 at 1:47 pm
Your Post says that it is enable for F&O too.
Reply
Nithin Kamath says:

July 26, 2016 at 2:58 pm
Only futures and Banknifty/nifty options.

Reply
Siddharth says:
July 26, 2016 at 1:49 pm
Okay so tell me please how can I put the above order, please tell me in detail, its a urgent request.
Reply
698. Ganesh says:

July 28, 2016 at 4:44 pm
Why not BO in Commodity? Its required. CO is useless and if the spread is more, heavy losses. So if you are providing BO, I will trade commodity with Zerodha. I request BO
across all segments.
Reply
699. Ajit says:

August 2, 2016 at 11:41 am
I have placed a BO in currency USD/INR. I accidentally added the target as 0.8 instead of 0.08. So the target is price is now 67.83 instead of 67.11. I have tried modifying the
order to 67.11 (Clicked Edit->Entered 67.11 on the Trigger price->Modify) but I am getting and error Invalid trigger price for CDS.
How can I modify this order?
Reply
Venu says:
August 2, 2016 at 12:08 pm
Youll have to place the trigger price within a certain range. Well get someone to call you and assist you with this.
Reply
Ajit says:
Thanks for calling and changing the order from your side.
Reply
700. Manowar says:

August 2, 2016 at 12:42 pm
Which order will execute first 1. limit MIS order 2. bracket order if both place at the same time.
Reply
Nithin Kamath says:

Doesnt matter, both treated with similar priority.
Reply
701. Manowar says:

August 2, 2016 at 10:07 pm
Sir
I am using kite but here I have noticed one problem with bracket order that when I just place the bracket order and after placing the order if I forget the actual target and
stoploss that I entered while placing the order I cant confirm even checking the details of the placed order. I dont find my target and stoploss there. So , I feel it should be there
Reply
702. BOPANNA says:

While placing BO we get a limit order for buy/sell as default ( this cannot be changed ) which is good but when u place a CO by default it is MKT order only. Also this appears
only when using Kite not when used in Pi . Any specific reasons for this. It would be nice if limit order option is made default for kite also.
Reply
Nithin Kamath says:

August 3, 2016 at 11:19 am
We will have limit on CO on Kite also soon. Until then you can use BO itself, it works as good as CO.
Reply
703. Manowar says:

You claim is wrong that zerodha charge flat 20 per executed order. Yesterday I placed an order 30000 jpassociate share in BO and I was charged brokerage of Rs 56. I know
you will justify ur answer with your logic but frankly speaking this is unfair to the customer
Reply
Nithin Kamath says:

Bracket order is a special order type, and if entry order gets executed in multiple trades, multiple exit orders are placed. No compulsion to use brackets.
Reply
Manowar says:
Then why dont you give provision to the customer to exit order only after execution of all order at the entry. Moreover please let me know if I can place order with
target without stoploss.
Reply
704. RITUKANT MAURYA says:

Dear Sir,
Please Provide Market Order Selection in BO for First Buy/Sell. It will be very useful if you provide pre saved Order selection at Kite Platform just like Cloud Order in
ICICIDIRECT in F&O segment. In this trader save his/her trading Script/Index, Quantity, Stop Loss, Target, Stop Loss Trailing and whenever he/she want to place Buy/Sell order
just simply click place order tab and the order get placed in Market Order. it saves a lot of time and very useful in intraday trading.
Your Kite Platform is very simple and easy to use but not very useful for intraday trading. So, It is kindly requested to configure your Kite system as per as per above
suggestions.
Thanks & Regards,
Reply
705. V A Ramesh says:

Please update the screenshots with recent Pi/Kite Web versions.
Reply
Nithin Kamath says:

Have you checked the kite user manual: https://kite.trade/docs/kite/
Reply
706. ASRAF UL ISLAM says:

While placing BO on kite it gives error msg as

not activated product code for client Id RA****
How can I activate this product type.
Reply
Nithin Kamath says:

Can you send an email to support@zerodha.com asking for BO.
Reply
707. jithin says:

I have a doubt regarding the order placement. Suppose PRICOL have daily volume 829,265 and Im placing buy (MARKET ORDER) orders 50000 number of shares at 40.50 and
suddenly price changed to 40.60 I know that in market orders we will not get the exact price that we want . But how much time (seconds) will it take for my large 50000
number of shares to get filled and in what price.
Please help.
Reply
Nithin Kamath says:

It will get filled immediately at whatever prices the offer is for. If someone is offering 50k shares at 40.60, u will get it at max that price, but if there arent, market orders
will go fill up all prices at which the shares are available.
Reply
708. Surendhar Thangavel says:

August 6, 2016 at 11:20 am
bring bo in commodity segment also
Reply
709. Mana says:

August 7, 2016 at 10:32 am
Hello Nithin, Happy Friendship Daycan i put 0.5 in target price and trailing stop loss absolute value, in futures trading, stock like vedanta with 6000 qty 0.5 paisa is enough for
me..can i do that?
Reply
Nithin Kamath says:

Currently you cant, minimum has to be Rs 1. Happy friendship day to you as well.
Reply
Mana says:
Thanks for replying on Sundayin That case plz clear my doubt

1)if i set 2 rs for target and 1rs for SL and 1rs. for Trailing SL,price moves up 1 rs Trailing Sl also moves up 1 rs and then suddenly down move hit my SL and i end up
with 1rs profit ,is that right ???
2) can i set .80 paisa as target and .50 paisa as SL and .20 paisa as Trailing SL in Ticks Values ? if yes how many ticks that will be for each for this setup ???
Reply
Venu says:
1. Yes, youre right.

2. You can set an 80 ps target and a 50 ps SL. Trailing is min. Re.1 or 20 ticks. (80 ps = 16 ticks and 50 paisa is 10 ticks)
Reply
Mana says:
Thanks Venu, 1Rs or 20 Ticks Trailing SL limit is not useful for Futures lot above 2000,if i have to set 1rs TSL then i must set target above 1rs.,with .80 pasia
target it is not useful, and any chance to add market order in BO???
Reply
Venu says:
Cant be done in the immediate future since BO is a vendor product. Well give them the necessary feedback.
Reply
710. Siddharth maheshwari says:

Mr. Nithin Kamath,

The so called successfull site owner , I really want to say if you cant run this site please close it. I am not able to login since saturday, whenever I try to login a message shows
MSG_FAILURE, I complaint this on saturday to your executive named Prashanth , hye said in some minutes I will get back to you after solving this issue, now its 2 days still I
am not able to login , what the hell is going on , the worst trading site I ever seen, Who will be responsible for my losses I bear in these days. Answer me, I again say if you
cant run this please close this and stop playing with peoples money.
Second thing I joined Zerodha on 16/7 still no one is able to tell me how to place orders your every employee say a different thing , I go to udaipur office there head says we
cant tell this you contact support, after some days an employee messaged from udaipur office on my whatsapp he teach me in a differnt way and that way was also not working
, if you want proof I can send you the screenshots of the full conversation. hope you can get.
Reply
711. anil_1990 says:

what are the charges for account opening in zerodha, i want to open trading and demat account, what are the AMC. do i need to pay it before or in the end of the year?
Reply
Venu says:
AMC is collected at the end of the year. If youre opening a trading and demat account, itd cost you Rs. 300 if youre printing the forms on your own.
Reply
712. Balaji T says:

When are likely to implement BO for MCX with trailing stop loss
Reply
Venu says:
MCX considers Trailing SL an algo product and hence hasnt given approvals yet.
Reply
713. Selvan says:

Sir i am new to Zerodha. I want to execute this type of order.
For example the current price of Ashok Leyland is Rs 100.I want to buy the the share only if the market price goes above Rs100. At the same time i want to put Bracket order
for the above with a TGT of Rs 106 with a trailing stop loss of Rs 98 with 2 points.
How to execute this order.
Reply
Nithin Kamath says:

Selvan, currently on bracket orders you can place only limit orders. So if stock is at 100, you can say that you want to buy at 100 or a higher price to make it like market.
You cant set triggers saying, buy only if it goes above a certain price.
Reply
714. Vikas says:

August 13, 2016 at 3:29 am
Hi,
I am new here and am still a bit confused. I use kite. In that, what exactly do i enter for Stop Loss, Target & Trailing Stop Loss? And what exact orders get created after
that? Pls give a live example for clarity.
Reply
Nithin Kamath says:

August 15, 2016 at 11:52 am
Mention the absolute values. So if you are buying a stock at Rs 100 and want a Stop at 99 and target at 102, mention SL as 1 and Target as 2. Check this:
https://kite.trade/docs/kite/. Trailing SL has to be a minimum 1 point, so if stock goes from 100 to 101, SL moves up from 99 to 100.
Reply
715. RITUKANT MAURYA says:

August 14, 2016 at 12:15 am
Please provide features for Intraday trading in which we can save out trading Quantity, Stop Loss, Target, Stop Loss Trailing Stop Loss etc at Kite Platform for derivatives just
like Cloud Order in ICICIDIRECT in F&O segment. Since all the setting is already freezed we can trade efficiently and every time we dont have to fill all the data again and again.
Reply
716. vignesh says:

August 20, 2016 at 11:53 am
hi,
PLEASE provide bracket order for commodities,in cover order i am unable to put target and close position and i have to sit till it comes to my target to close position manually it
is really difficult and in case of any internet problems my target will get hit but unable to get profit since we cant put target in cover order
please provide option to put target in cover order or provide bracket order for MCX, it will be very helpful other wise it is very taxing to sit through till ur target comes and close
in market price in cover order and also since crude is very volatile even if it comes to my target i cant get my target since it reaches my target and retraces back before closing
it so i am basically loosing 4 to 5 points closing in market price using cover order.
Please consider my request and do the needful very fast it will be very helpful other wise provide bracket order for commodities.
Reply
Nithin Kamath says:

August 20, 2016 at 9:42 pm
MCX hasnt given this approval yet.
Reply
vignesh says:
August 22, 2016 at 7:37 pm
HI Nitin,
I think Zerodha has the best user friendly software kite and best brokerage plans in india consider this as an way to improve zerodha If u give limit please give us
options to put target and entry point in cover order in MCX,because it is very important to set a target u cant sit and close the position in market price like we are
doing in cover order please provide some other solution for this problem soon,discuss with ur team on how to improve this problem and come to a solution if not for
this problem zerodha is hands on best in india.
Reply
717. Sudhish says:

August 23, 2016 at 12:11 pm
What would absolute and tick means for options contract ?
is it 1 absolute = 1 Rs change in premium ?
Reply
Nithin Kamath says:

August 23, 2016 at 4:35 pm
Yes
Reply
718. bijay kumar says:

August 24, 2016 at 1:23 pm
as i have a option of e margin in hdfc securities that i can hold the position for t+5 daysand the margin is 3 times .when it will be available in zerodha sir.
Reply
Nithin Kamath says:

August 24, 2016 at 3:05 pm
Working on it, maybe in a couple of months.
Reply
719. Josef says:

August 25, 2016 at 7:57 pm
Hi Nithin,
Will you guys be bringing in Quick Order with SL ?
Reply
720. Jagdish says:

August 27, 2016 at 3:55 pm
Hi, Nitin.
When shall bracket order be used for commodity at Zerodha?
Pls reply.
Reply
721. PREM KUMAR says:

August 29, 2016 at 5:34 pm
Sir,
Can we put Buy SL and Sell SL orders for entry through bracket orders?
Reply
Nithin Kamath says:

August 29, 2016 at 7:00 pm
No
Reply
722. Harsh says:

August 30, 2016 at 11:47 am
Hi Nithin,
In future, is it possible to covert F&O Bracket Order/ Cover Order to Normal Order (with full margin as stipulated).
It can help us in 2 ways:
1. Manage our risk throughout the day
2. minimize errors and hassle by squaring off the BO/CO and initiating fresh positions
Just a thought.. is it possible for full margin Bracket Order with VTC
Thanks
Reply
Nithin Kamath says:

August 30, 2016 at 2:46 pm
Brackets and Covers cant be converted, you will have to close the position and take a fresh NRML position.
Reply
723. Manowar says:

August 30, 2016 at 9:10 pm
Sir
When I place bracket order exactly at 9:15:01 AM, it shows validation pending and order get opened after 50-60 seconds. Why is this happening and suggest suggest solution
for the same ..????
Reply
Nithin Kamath says:

August 30, 2016 at 11:06 pm
50-60 seconds? The first minute, orders can get in queue, but not for that long. Maybe the internet. Do check it again and let me know.
Reply
724. Muhammed Nihal says:

August 31, 2016 at 11:23 am
Why are some stocks not given leverage in both MIS orders as well as BO/CO orders?
For instance, Thyrocare Technologies Ltd.
Thanks in advance
Reply
Nithin Kamath says:

August 31, 2016 at 1:09 pm
Muhammed, stocks which have hit circuits or moving quite a bit, we remove leverage on them.
Reply
725. srikant says:

August 31, 2016 at 6:17 pm
Dear Mr. Nitin, Thankyou for such a wonderful trading platform.

My query is, if i am placing a single order of any shares as BO, In orderbook, it comes like spitted. Is this makes any difference in brokerage?
Reply
Nithin Kamath says:

August 31, 2016 at 9:51 pm
Srikan, when entering the order, it is only one order even if it executed in parts. For every split order, there are exit orders placed separately. The exit orders will be treated
separate for brokerage.
Reply
726. keshav says:

August 31, 2016 at 9:52 pm
Awesome job Nitin sir,, u have great people in your company and i love your companys attitude towards us.
your people are very helping and polite, my experience with your company is best till now.
Reply
727. Prashant Kumar says:

Hello Nithin Sir,

Have the exchange rejected the request for entry using SL-M for Bracket Order or have the exchange has not taken any action on zerodhas request for SL-M entry for Bracket
Order? We deadly need this facility sir. Pls give some update. Thanks.
Reply
Nithin Kamath says:

Prashant, this doesnt look like possible anytime soon.
Reply
728. BelJan says:

Hi Nithin
Irony is that with call and trade option one cant still place a BO but one can place a CO!!! isnt it bizarre? pl activate this feature asap
Reply
729. Sunil Patil says:

Dear Nithin ji ..
How to catch the lowest price of Nifty future at the opening time at 9:15 using Bracket order option in intraday trading. As most of the time price shoots to 50 to even 100
points in 1st min tick..
Please explain or is there any other optaion to place order..
e.g. the last day closing price of Nifty future is 19995 & next day opening price shoot to 20149
with regards.. Sunil
Reply
Nithin Kamath says:

Sunil, catching the lowest price at open is like playing lottery. No guaranteed way.
Reply
730. Prathvi.R says:

How can i reduce the position size when i place a bracket order? Eg: i place a BO for ICICI : Buy 100 shares for 260.00 and at 262.00 i want to sell off 50 and retain 50. How
will i be able to do this ?
Reply
Nithin Kamath says:

Prathvi, you cant partially exit brackets.
Reply
Mana day says:

can i partially exit one lot in BO or Co if i have buy 2lots?
Reply
Venu says:
You can modify/exit orders only in the same order that theyve gotten traded.
Eg: If youve placed an order to buy 100 shares, it may get executed in 3 separate trades: 30, 25 and 45 shares. The SL and target orders will get placed for 30,
25 & 45 shares. You can exit these orders separately.
Reply
731. jaideep says:

what all stocks can i trade using bracket order? only bank nifty?
Reply
Nithin Kamath says:

All stocks and futures on this list: https://zerodha.com/margin-calculator/Futures/
Reply
732. jaideep says:

want to place a bracket order before market opens?can i do that?

what is trigger price in bracket order?
Reply
Nithin Kamath says:

No, you cant.
Reply
733. Aman says:

Sir,
Is BO and CO available in Kite Lite in mobile?
Reply
Nithin Kamath says:

Yeah
Reply
734. BOPANNA says:

On the Kite today I used the BO on suntv fut. Entered long position at 507.35 i had kept SL of 2 points and target of 10 points with a trailing SL of 2 points. The stock moved up
to 513 and began retracing to a low of 509 where kite exited from the trade at a trigger of 509.5 . I re checked the order timings with the chart and found this trigger happened
after the stock touched 513 and retraced. As per the set up of BO it should have exited at a price point close to 511.5.
Here i would like to inform you when I checked the my order book when the stock was around 511 the stop loss had updated to 509.35. Kindly educate me if I have understood
the BO correctly or is there something I missed here ?
Reply
Venu says:
When you enter the Trailing SL as 2, for every Re.2 movement in your direction, the SL increases by Rs.2/-
Your initial purchase at 507.35 with a SL of 2 points means your SL was at 505.35
When the price increased to 509.35, your SL got updated to 507.35
When the price increased to 511.35, your SL got updated to 509.35
If the price would have reached 513.35, your SL would have gotten updated to 511.35
The price made a high of 513 (not 513.35) which is why your SL remained at 509.35 and got executed when the price dropped.
Reply
BOPANNA says:
Hi Venu,
Thanks, that clears it all. Have another request , presently in Kite the BO trailing stop loss starts from 1. This is bit of a problem when u place a trade for eg.
JPAssociates or TV18 etc. These stocks just require a move of .1 to give a minimum profit which u cannot capture using BO since it requires a whole number to set up
a trailing stop loss whereas a .2 to .8 move for these stocks can be as high as 4 to 8% move for the day.
Reply
Nithin Kamath says:

The issue with trailing is, every time a stock moves by a certain value a new order has to be placed. Currently we dont have the ability to set this minimum
trailing SL individually for different scrips for example 0.1 for JP and 1 for Nifty . If we allow people to set 0.1 for example on a nifty, there would be extreme
stress on the system (Nifty moves more than 0.1 every tick) with new set of order modifications every second. Hence we have set that minimum 1 absolute
point. I know that this makes it not useful when trading stocks which are of lower value. We are hoping to have a solution for this sometime in the future.
Reply
BOPANNA says:
Hi,
Thank you very much for the reply. I understand the constraints you have. All in all its a great system. Keep up the good work.
Reply
735. Ninan Kuriaksoe says:

Hi Nithinji,
Request you to get the trailing SL options in equity since investors like us cannot sit in front of the trading screen continuously and also wont be able to put an SL on every
stock in the portfolio everyday. Hope you understand our concerns and work towards the closure on this. Might be, we will be loosing someday on a winning trade because of
the limitations in Zerodha trading softwares. Thanks in advance.
Reply
Ninan Kuriaksoe says:

January 19, 2017 at 10:23 pm
Dear Sir,
Kindly update
Reply
736. Harshvardhan says:

Dear Sir,
Suppose I want to buy RIL in range of 1050 to 1080 with target of 1200 and stop loss of 1035.
How can I execute this in one order ? Such that the stop loss gets triggered when breached or stock is sold such that target is achieved.
Reply
Venu says:
Use the Bracket order, enter the limit entry price. If you want the target as 1200, mention absolute as (1200-entry price) and stop loss as (entry price-1035).
Reply
737. jaideep says:

can i buy a share at opening price of the market?
Reply
Venu says:
Nobody can guarantee execution at opening price. A brokerage only offers you a platform to place trader. Order matching & subsequent execution happens through
Exchange matching engines. If your order is the best Bid across all bids, then your trade will be the one that becomes the opening trade for the day.
Reply
738. RAVI says:

I guess margin requirement for CO and BO orders are same,but whenever i put BO order,my order gets rejected on ground of less margin,while with same margin i am able to
put cover order ( same scrip,same no. of lot).
i always use kite to trade.
Reply
739. Sai says:

HI, In BO orders, suppose for tata steel entered long on 370.20, shall i place a stop loss of 370.10? means 10 paise in absolute terms, can i place .10 in terms of absolute in
stop loss..? will the fractions placing is valid either in targets or stop loss? please explain with my example !! thank you !!
Reply
Venu says:
Yes, absolute will be 0.10.
Reply
740. nilesh says:

can i edit target or stop loss in executed buy or sell bracket order?
Reply
Nithin Kamath says:

Yes
Reply
741. Sundararaman says:

Can i use bracket order for Stock Futures Intra-day?

Reply
Nithin Kamath says:

Yes
Reply

Hi,
In BO orders both entry, exit & target are based on limit orders. Am i right? This means that system will give an entry on the entry price or a better price. It depends on the
market price at that moment. Am i right? My question is how do i enter & exit a trade at the exact price (which i want) using BO order. In the beginning of the blog it is
mentioned that i can specify higher & lower limit. Will this help solve my problem?
Reply
Nithin Kamath says:

Entry is a limit order, so it will get executed at your exact price. If you place a limit higher than buy or lower than sell, it will get executed at a best market price. Exit is a
limit, so it will get executed at your mentioned price.
Reply
743. vijay says:

Hi Nithin,
In Margin calculator, i am getting a value of 11,890. what does this mean? can i execute the order if i have 11,890 in my account and hold a nifty future lot? and how profit will
be calculated? support if i buy nifty future at 8800 and sell at 8900, will i be getting profit of 100?
Reply
Nithin Kamath says:

Yes, that means you can buy at 11890, but you can hold it only till 3.20pm (BO is intraday product). One nifty is lot of 75, so if you buy at 8800 and sell at 8900 u get 75 x
100 = 7500.
Reply
744. Chandra Mohan Baloni says:

In PI there are two options (absolute and ticks) for SL and TGT whereas for TSL there is only one option i.e. Ticks Why? Pls try to keep KIte and PI unique to make it more user
friendly.
Reply
745. Ashok says:

Whether Bracket Order facility available in Z5 platform?
Reply
Nithin Kamath says:

No, but it is on Kite.zerodha.com, here is the user manual: https://kite.trade/docs/kite/
Reply
746. pranay shitole says:

is bracket order or cover order is same???
Reply
Nithin Kamath says:

No. In bracket you have both target and stoploss. In cover only Stoploss.
Reply
747. Harsh Tiwari says:

CAN WE PLACE BRACKET ORDERS FOR STOCK OPTIONS TOO?? OR IS IT JUST FOR NIFTY OPTIONS?
Reply
Nithin Kamath says:

Only for Nifty/bank nifty
Reply
748. Satya Prakash Chaudhary says:

Can I place a trailing stop loss for an existing long or short position? If yes how?
For example I have long position on NIFTY Future taken at 8595. Can I place a stop loss order now for 8585 trailing with 2 points.
Reply
Nithin Kamath says:

Not possible currently Satya, you can set trailing only when taking new positions using bracket orders.
Reply
749. Mechwarrior says:

Hello Nithin,
Can you please change the existing thumbnails in the BO/CO/SL-M sections of Z-Connect with Kite order booking screens so its easy for newbies like me to understand more
clearly?
Thanks.
Reply
Nithin Kamath says:

have u seen this: https://kite.trade/docs/kite/

Reply
Mechwarrior says:
Thanks for this link Nithin. I seemed to have overlooked this. Appreciate it.
Reply
750. Lakshmi Kanta Panja says:

October 10, 2016 at 10:56 pm
Hi Nitin / Venu, If I place an BO order of 2 lots TCS future or for that matter any stock future of 2 lots at my Limit price of say 2500.Now only 1 lot gets executed at my given
price and then the TCS price comes down and never reaches 2500 again in that day .So the system will now place a square off order and a SL order for the one that is
executed.My question is what happens to the order for the second lot ? Can I cancel the second order immediately or say 5 minutes after the first lot is executed and then wait
for my target on the 1st lot ?
Your response will be much appreciated.
Reply
Venu says:
Yes you can cancel the second pending order.
Reply
Lakshmi Kanta Panja says:

October 12, 2016 at 10:27 pm
In addition to my earlier query, Is it also possible to cancel a Partially excuted Equity BO order.Say I ordered 500 SUNTV in NSE cash as BO order and 300 gets
executed at first go..can I cancel the remaining 200 in NSE CASH BO as well ? Thanks in advance
Reply
751. santhosh says:

Hi Nitin / Venu,
Is Bracket Order is available for Intraday Equity trades , if No , when can we Expect ????
Reply
Venu says:
Bracket order is an Intraday product itself.
Reply
752. Rakesh Mandal says:

Can I place a Target Absolute Value in decimal points, i.e. 0.05 or 0.10?
Reply
Venu says:
Yes
Reply
753. Lakshmi Kanta Panja says:

Hi Nitin, Need you immediate ttention to this issue

My client ID is DL0258.Due to your system issue I suffered around 6000 bucks loss today.I placed a BO order for YESBANK future and when the price started moving against
me, I wanted to get out.So I placed an buy order at 1262.25 at close to 3:10 pm.Thinking the order went through since the price then came to less than 1262, I was about to
shut down my system.But just before doing that I checked my admin position and was shocked to see that the admin meter was still running.I cross checked my trade book and
found no trade on my price.So I checked the order book and saw the order was there with my earlier given price of 1259.50 and also a SL order was there but there was some
kind of error message.I immediately called up zerodha and spoke to a person( dont know his name).He told me this error is since I am not logged into zerodha.But I was
already logged in.He then kept me on hold looking for a solution and eventually he disconnected my call.I then called again and this time took the name of the person (Shiv
Kumar).He told me that the order is now squared off at around 1269.My question is who bears this loss ? Zerodha or me ? Please respond at the earliest.Also investigate why
my call was disconnected.(I DOUBT YOU HAVE A CALL RECORDING SYSTEM.BUT I HAVE POST PAID BILL TO SHOW YOU MY CALL TIME AND THE DURATIONNO EXCUSE
HERE).
Reply
754. Madhavi says:

Hi Venu/Nithin,
We have limit entry option for Cover Order in PI.

When can we expect this on Kite App.
Reply
Venu says:
We are working on it. Well let you know once its available.
Reply
755. Manojkumar says:

Dear Sir,
Pleas clear my queries
Nifty Oct 8600ce, trading price @ 86
I placed bracket order such bellow
Qty= 75 Price =86
Stop loss absolutely value = 10 Target absolutely value = 20
Trilling stop loss absolutely value = 2
But When Nifty Oct 8600ce, trading price reach @ 90 but my trilling price could not change
Im using zerodha kit
Reply
Venu says:
October 14, 2016 at 10:00 pm
Your TSL was 2 points which means for every Rs.2 increase in your direction, the SL would change by Rs.2.
The highest price the contract went to was 89.60
Your entry order got executed at 85.95, SL was 75.95 since you had mentioned the SL as 10.
When the price increased by 2 points, your SL got updated to 77.95 which got triggered and your position got squared off at 78.
Reply
756. Harvinder Chauhan says:

October 20, 2016 at 10:17 am
Can i place bracket order for stock futures?
Reply
Venu says:
Yes.
Reply
757. Manoj says:

October 21, 2016 at 12:57 pm
Hi,
Could you please provide bracket order in trading from chart section in pi. What I am looking for is chart trader like in the ninjatrader. If a bracket order is placed, the first limit
order will show as an arrow mark in the char. we can move the arrow mark to modify the order(no need to go to order book). Once the limit order is executed the next two
orders, target and SL orders will also be displayed in the char as an arrow mark. We can modify the target and SL order by simply moving the arrow marks. The current position
size will also be displayed in the chart with realtime P&L update. Could you please implement this in pi.
Reply
758. Harsh says:

If i buy 10 lots(750) of nifty options @ rs 110, how much margin money need to be in my trading account as i have read that to buy 1 lot(75) only rs 70 are required
Reply
759. VipinNair says:

October 22, 2016 at 11:01 am
Is there a minimum limit to squareoff_value,stoploss_value,trailing_stoploss in BO? If yes, how is is calculated?
Reply
Nithin Kamath says:

October 22, 2016 at 12:45 pm
Minimum only for trailing SL, 20 ticks or 1 point.
Reply
760. Dileep kumar says:

when i place a cover order in kite there is no option for limit order, always market order. I wnt to place a cover order with my limit price. Is it possible. plz tell/
thanks
Reply
Nithin Kamath says:

October 23, 2016 at 10:06 pm
Not currently, but very soon.
Reply

Hi,
What is the minimum target level for stock futures? Can i place the below as Bracket order?
Tatasteel16OCTFut
Entry 429
Target 431
SL 422
In this case my target level is only 2 points..
Reply
Nithin Kamath says:

Yes you can. But when mentioning on bracket order mention 2 for SL and target (not 429 andn 431).
Reply
Sundararaman says:
Hi,
Thanks for the reply. I will be using Kite web. Do i have to mention no.of points like you mentioned i.e 2 points in Target & similarly in SL or do i have to mention the
absolute value i.e 431?
Reply
Nithin Kamath says:

You have to mention number of points, 2. Check this: https://kite.trade/docs/kite/
Reply
762. Manoj says:

October 24, 2016 at 10:52 am
Hi,
Could you please provide bracket order in trading from chart section in pi. What I am looking for is chart trader like in the ninjatrader. If a bracket order is placed, the first limit
order will show as an arrow mark in the char. we can move the arrow mark to modify the order(no need to go to order book). Once the limit order is executed the next two
orders, target and SL orders will also be displayed in the char as an arrow mark. We can modify the target and SL order by simply moving the arrow marks. The current position
size will also be displayed in the chart with realtime P&L update. Could you please implement this in pi.
Reply
ZU0826 says:
Good suggestion, but yet unanswered!!!!
Reply
763. Soumen Das says:

Why Trailing Stop Loss facility is not available in CNC why only BO order. If i want to hold the stock for long term then?
Reply
Nithin Kamath says:

That is how exchanges have given approval. It might be introduced in future.
Reply

October 27, 2016 at 10:10 am
HI,
I have 2 questions:-
1) When will the Margin get used? Is it at the time of placing the order or when the limit price is reached & the BO order is executed? The reason why i am asking is that i want
to place say 4-5 BO orders each of which will consume the entire available margin. The order which reaches its entry limit price first will get executed & the rest will not get
executed (even when the entry limit price is reached) due to insufficient margin.
2) Can i modify the lot size after placing the BO order? i.e the status of which is still pending execution since the entry limit price is not reached.
Reply
Nithin Kamath says:

1. Margin gets blocked once you place an order

2. Yes, you can modify the order quantity once placed.
Reply
765. Vasanth says:

October 27, 2016 at 11:14 am
Why the Bracket Order option has not been enabled in Commodity, whether achieving profit in commodities is quite easy?
Reply
Nithin Kamath says:

Exchanges havent given approval yet.
Reply

October 27, 2016 at 12:12 pm
Is Target level mandatory while placing BO orders? Can we leave it blank & update later?
Reply
Nithin Kamath says:

It is mandatory.
Reply
767. DONALD SALDANHA says:

hi nithin
happy diwali in advance bro.
do you hav auto trading options?
i want to get into zerodha .
Reply
Nithin Kamath says:

Donald, yes you can automate at your end with approvals. We dont offer any algos to trade on (other than bracket orders). Check this: https://kite.trade/
Reply
768. Dilip Nair says:

Dear Nitin,
1. I tried buying VEDL (nse) in BO with MIS (expecting leverage) of approx 20.8 times ( as shown in your BO calculator) with just 500 rupees with SL of just 1 Rs below Buy
limit price. But my order got rejected saying the margin was insufficient. Was allowing to buy only for 500 rupees. Why am I not provided the leverage.
Pls reply
Reply
Nithin Kamath says:

hmm.. shouldnt have happened. Can you send account related queries to support@zerodha.com with your client ID.
Reply
769. Sukesh says:

Hi Nithin,
I am eagerly waiting for the feature of placing After Market Orders for Bracket Orders. Would this happen anytime soon?
Currently i am losing on big moves that happen immediately after market opens because Bracket Orders are not available under AMO. Is there any workaround for this as of
now?
PS: Other brokers like Sharekhan have started this feature of AMOs in BO.
Thanks
Sukesh
Reply
Sukesh says:
Hello Nithin, Seems like this query was missed
Reply
Nithin Kamath says:

Hey Sukesh, AMOs as BO hmm.. it is on our list, but cant give you a deadline.
Reply
770. Anirudh says:

U say that to buy 1lot of nifty option@100 under BO, only 70rs. are needed in trading acc. but when i submit the buy order, the system rejects order saying that to buy 1 lot u
need around 6000rs in trading acc. why is it so?
Reply
Nithin Kamath says:

Anirudh, best if you can send account specific queries to support@zerodha.com
Reply
771. Debojyoty Datta says:

Nitin Ji,
a. If I want to buy 100 SBIN Eq shares at 200 and sell at 208 with a stop loss of 197, in that case how should I fill up bracket order details (just the target part and stoploss
part) with trailing stoploss of 1 point ( both absolute and ticks way) please guide me.
b. can i give trailing stoploss below 1 points or 20 ticks ( say 0.5 points or 10 ticks) ?
PLZ PLZ HElp me
Reply
Nithin Kamath says:

a. 100 SBIN limit price 200, target 8 SL 3 if absolute. If ticks, target 160 SL 60
b. No minimum trailing SL is 20 ticks
Reply
772. Mangesh Parkar says:

Hi
Nitin sir
i have 2 question-( Bracket Order )
Yes bank FO at current market price is 1293,

1) Can we use buy and sell order at 1 time.
Exp- (yes bank FO buy at 1296 stop loss is 4 point target is 8 point,
yes bank FO sell at 1290 stop loss is 4 point target is 8 point)
2- if buy order is executed than i cancelling sell pending order.
Plz Reply
Thanks
Mangesh
Reply
Nithin Kamath says:

Yes, you can provided you have enough margins to place the two orders separately.
Reply
773. Aniruddha says:

I had placed BO on Nifty futures today. I had a target of 20, stoploss of 10 and trailing stoploss of 1. As I could see it placed 2 sell orders , one target and 1 stoploss with
trigger.
However Nifty jumped the trigger and my SL order was not executed. Fortunately it rose momentarily after a while which triggered SL and position got closed.
I was under impression, the SL would be SL market and it would get executed once the SL value is crossed. Can you confirm.
If that is not the case how i can put SL-M order while buying any contract?
Reply
Hanan says:
Ive verified your order book and would like to confirm that your order was executed as SL-M. All orders which are sent through the bracket order SL option are SL-M.
Reply
Aniruddha says:
Thanks Hanan for getting back on this. As I mentioned in my query the position got closed with SL-M only but when market reverted back momentarily.
Will quote exact numbers for more clarity. I bought nifty futures at 8393 with stoploss at 8388 and target 8423.
The market went quickly through 8388.5 missing trigger (8390 to directly 8387). It traded on range of 8382-8285 for a while and rose again.
If you crosscheck my order was executed at 8388.55 which is higher than 8388.5, the trigger system has placed.
Trigger would work well in case of gradual buy or sell.
So my question is even in case of panic sell or aggressive buy, can we have a stoploss order which will definitely get executed.
Reply
Nithin Kamath says:

Aniruddha, SL-M gives a guaranteed execution as long as there is liquidity.
Reply
Aniruddha says:
Thanks Nitin, this helps.
Reply

Can i modify the target price after placing the order & also after the order is active i.e executed by the exchange & still in the market?
Reply
Nithin Kamath says:

Yes
Reply

Can i place a BO in kite using the actual price value instead of the points as Target & Stop loss? I am not able to find this option in kite.
Reply
Nithin Kamath says:

Actual price value not possible. YOu have to mention number of points as SL and as target.
Reply
776. H.Singh says:

Hi Nithin,
I have 1 query :
If I use a BO , and it gets executed at trigger price. Now 2 separate orders for target and SL are in system. As iit is intraday that means both SL and target orders will be
cancelled. How can I again trigger SL and Target price next day ?
Reply
Nithin Kamath says:

All bracket orders are intraday only, that means your position also gets squared off by 3.20pm on the same day. If you want to carry this forward, you will have to exit the
bracket order position and take a fresh position using product type as NRML.
Reply
777. joseph says:

Hi Nithin,
while placing BO for currency futures do i have to give target price in decimals or whole no.
For ex: say im buying USDINR at 67.4200 and my target price is 67.6550, so should i mention 0.235(at sqroffsell) and i have same query for stoploss also(absolute not Ticks).
Reply
Nithin Kamath says:

Yeah decimals, 0.235 would work. Same for SL
Reply
778. A R Vijay says:

in BO orders, after execute my buy order, if price fall down fast, shall i increase my stoploss from 5 to 10 points without need extra margin? or shall i modify my stoploss near
to market price to decrease my loss?
Reply
Nithin Kamath says:

To increase your stoploss, you will need additional margin.
Reply
779. MADHAV GADRE says:

If I put a bracket order with target, stop loss and trailing stop loss and if my order is executed. After some time the stop loss is triggered what happens to the target order? is it
cancelled automatically or remains as it is?
Reply
Nithin Kamath says:

Yes cancelled automatically.
Reply
MADHAV GADRE says:

By chance if not cancelled and the target is executed who has bear the losses?
I am asking this because this has happened in my case.
Reply
Nithin Kamath says:

As a broker, if there is any technical issue, we can compensate only to the extent we have earned on that trade as brokerage.
Reply
780. Josef says:

Can we have a fixed Bracket order window such as quick order window. This helps not to hit the shortcuts each time.
Reply
Nithin Kamath says:

hmm.. tricky.
Reply
781. Vinod says:

Hi,
I want to order below:
example: Apollo Tyre CMP 178, I want to sell below 177 with SL 179 and Target 175.
Can I put this order through BO?
Please advise. Thanks
Reply
Nithin Kamath says:

No Vinod, currently BO entry order can only be limit price and not trigger price.
Reply

Sir,
I placed a shortsell BO for Hindzinc at 269 with target 3.5(absolute) and stoploss 3(absolute) but i marked the trailling stoploss as 20 ticks, to my surprise the trailling stoploss
was not working because when my price fell to 268 and below it did not lock there instead it was still moving up and down. plz guide me if I have made any mistakes.
Thank You
Reply
Nithin Kamath says:

Best if you can send these account specific queries to support@zerodha.com with your client ID. Btw, trailing SL would have reduced SL if price comes below 268 (not at
268, it needs to go to 267.95).
Reply

Sir,
What would happen to the profit/loss from a BO if I want to exit it at that point ?
Reply
Nithin Kamath says:

Profit gets credited, loss gets debited from your trading balance.
Reply
784. Hosmani says:

Dear Mr. Kamath ,

When a BO is executed , it is possible that the order comprises of many no. of smaller units of sales . I mean if I place a BO for 100 shares it could be in lots of 100 , 10 , 1 and
so on . ( sometimes all these could be at the same price ) . If we wish to modify the order , we will have to modify each of these innumerable orders . Is there a way to select
all and modify in one single stroke. I found that this in itself takes so long sometimes and by the time I am done , the price could have gone far beyond my choice .
Thanks and congrats for the great job you & your team is doing . Hats off . Keep it up .
Prakash Hosmani
Reply
Nithin Kamath says:

Hosmani, the way BO is designed, you cant modify all the pending exit or SL orders in one go. This might take time to implement.
Reply
785. venkatesh says:

Can we able to put a bracket order for smaller stocks in equity like SUZLON, current price is 14.80. If yes, what are the ideal numbers to put.
Reply
Venu says:
Yes, you can. We could only help you with placing the order, cant suggest ideal numbers.
Reply
786. MM says:
Hi Nithin,
My request is on the bracket order trailing stop. Can you please add the feature in the Bracket order trailing stop where in the trail should start (With Ticks mentioned in the
Trail oder) only after specific target is achieved.
~MM
Reply
Nithin Kamath says:

Hmm tricky.
Reply
787. BIDYUT says:

Hi,
I m new to this trading things, so yesterday I was trying to book MIS BO order with limit price for few of the shares but it got rejected.
So I first went to Zerodha Bracket & Cover orders calculation site. (https://zerodha.com/margin-calculator/BracketCover/)
So there I entered the following:
SEGMENT: Equity
SYMBOL: BAJFINANCE:EQ
Now let say I gave the:

PRICE: 887
QTY to Trade: 100
StopLoss: 880
And select : BUY
Than i get to see Margin Requirements box appears as:

Actual Value: RS 88,700
Margin Required: Rs 4258
Leverage: 20.8x
In Kite: I gave the following instructions:

BAJFINANCE (BUY) MIS BO
Price 885, TRIGGER PRICE 0.00 , STOPLOSS: 880 TARGET: 890
Now Please help me understand, how much money do I need to have in my zerodha account to complete this trade?
As said earlier I m new to this trading platform, so I have RS 6000 present in my account fund. And every time i place some similar order with more or less prices & so on,
where the actual value become 80K, 50k or even 12k , but still i get rejected from all those orders.
Below are the few Status Message from order book:

NSE: BAJFINANCE STATUS: REJECTED
STATUS MESSAGE : rms:margin exceeds,required:15720.00, available:6000.00 for entity account-zx1950 across exchange across segment across product
NSE: ASHOKLEY STATUS: REJECTED

STATUS MESSAGE: rms:margin exceeds,required:10260.00, available:6000.00 for entity account-zx1950 across exchange across segment across product
there are many more as such rejected orders.

Please help me in understanding, how much money do I actually need to do MIS- BO.
As per my understanding I took the Margin Required amount from Bracket & Cover orders calculation site as the fund required to buy those shares. However the order gets
rejected based on actual value.
A little help will be great upon this.

Thanks
Bidyut
Mob: +91-9535760744
Reply
Nithin Kamath says:

Bidyut, SL and Target are supposed to be entered in absolute values on Kite. Check this: http://kite.trade/docs/kite.
So Price 885, SL 5 (since u want SL at 880) and target 5 (since exit 990). If you had take it like this way, the margin will be as shown on the calculator.
Reply
BIDYUT says:
Thank you Nithin for your kind response.

I got to understand how this absolute order works now.
So please correct me me if I go wrong.
So when do this margin calculation in https://zerodha.com/margin-calculator/BracketCover/
I give SBIN:EQ Price: 270 QTY: 100 StopLoss:275
Margin requirements
Actual value :Rs 27,600
Margin required: Rs 1,325
Leverage: 20.8x
Q1# So Do I need only 1,325 Rs approx in my account to book this order? (Yes/ No)
If No: Than Do I need to have the entire Actual value present in my a/c
Hence In Kite the order instruction will follows as :

MIS-BO
Price: 270 (Can be changed high/low than MKT)
QTY: 100
STOPLOSS: 5 & TARGET:5 TRAILING STOPLOSS (OPTIONAL):1
Q2#Is this the way way to place an order, Am I correct?

Which Means : for this order basically SL will be 5 points down than price i.e 265 & Target will be 5points high i.e 275.
Reply
Nithin Kamath says:

1. You need 1325

2. Yes, that is the way to place it .
Reply
788. Avinash says:

Hi there,
I am new to Zerodha.
When I put BO, I am always mentioning stop and target in absolute points. Lets say I am buying Infosys @1000, here I am putting value 20 in Stop/absolute box and value 100
in target/absolute box. What it means to me is stop of Rs.20 & target of Rs.100. So when i check order book, stop should be visible as 980 and profit taking order at Rs.1100.
Right??
But in reality order book shows some different figures as stop and target. I am confused. May be I am missing something in understanding what is absolute number.
Pl help Thanks
Reply
Nithin Kamath says:

yes it should show 20 points below and 100 points above from the execution price. You can check order book details to see the exact execution price.
Reply
789. Jackson says:

Dear Sir,
a) Can i place BO for short selling like this suppose CIPLA 573 now, BO= [ QTY:100 PRICE: 573.5 SL: 2.5 Target: 4.5 Trailing SL: 1] ??
b) Do i need to place separate buy order when the price reached my target 569?
c) if the price still moving down after my target 569 hit, how can i cancel the order to have more profit?
d) What should i opt Points/Ticks for bigger Price shares like Maruti?
Thank you
Reply
Nithin Kamath says:

1. yes
2. No, BO has target, so automatically buying order 4.5 points below your shorting price will be placed.
3. You cant cancel, you can modify to lower price. But you have to do before the target hits.
4. Always choose points.
Reply
Jackson says:
Thank you for the instant reply, I have one more query. Since the BO MIS Margin is higher than MIS, do i need to pay additional commission? Suppose my order is
Rejected/Cancelled, do i need to pay for placing it?
Reply
Nithin Kamath says:

No, charges are only for executed orders. No charges for rejected/cancelled orders.
Reply
790. Yogesh says:

Hi,
I want to ask about bracket order for weekly bank nifty options.
Here is an example. CMP of BankNifty 19200 Call option (15Dec2016 expiry) is Rs.15/-
I want to buy 40 quantity (i.e. 1 lot) when it comes to Rs.10/- and after buying at this price want to sell it when it goes to Rs.13/- with a stop loss at Rs.8/-
Can you please explain me what should be values in the bracket order window to place this bracket order?
Please give values in Absolute as well in ticks separately.
Many thanks,
Yogesh
Reply
791. Kuberan says:

Please advise whether the following bracket order is correct in my case. I deal in a low priced share. I buy 1 share at Rs.30. Target price Rs.30.20. Stop loss is Rs. 29.90. My
bracket order is: Buy Limit: Rs.30 Squareoff Sell in ticks: 4 Stop-Loss sell in ticks: 2
1. Is this a valid bracket order?
2. How would I place it as absolute?
3. is it possible to trail in low priced shares with 4 ticks? (Blog post says Trailing is not possible as I need at least 20 ticks. The example is for high value share. So, I am
asking.)
Thanks.
Reply
Nithin Kamath says:

1. Yes valid
2. In absolute it will be, 0.2 as target and SL as 0.1
3. Trailing has to be minimum 20 ticks, so it wont make sense using in low value stocks.
Reply
792. shikha gupta says:

Hi, Can i place a bracket order with SL/SLM option, means if i want to buy a share at certain level only can i do this with trigger price. say currently a share is trading at 10Rs. i
want to buy that only if it goes to 10.25.
Wanna know whether with BO it is available in Kite.
Reply
Nithin Kamath says:

Currently cant.
Reply
Shikha says:
When can we expect the same
Reply
793. Sachin sival says:

Good evening sir. Sir i have a query.suppose i want to buy nifty only above 8150 but now price is at 8145.in that case which order type is should select and can i place that
order with BO or CO?
Reply
Nithin Kamath says:

You currently cant do that using a BO or CO. You can do it only for NRML/MIS using SL orders.
Reply
794. Abc says:

Are you working on adding bracket order with trigger price? If so by when do you expect it to be implemented ?
Currently the system is extremely inconvenient and I am thinking of moving to a different broker that offers bracket order with trigger price or high intraday exposure.
Reply
795. mayank says:

Let me explain this with an example, Nifty is at 6807, I decide to short expecting some retracement, my target is 400 ticks (20 points 6787) and stop loss is 200 ticks (10
points 6817).
If I placed a fixed stoploss and if Nifty goes to 6790 and comes back up, the stop at 6817 will stay, and even though I might have seen profit on this trade, might end up
making a loss if Nifty hits my stop.
If I choose Trailing Stoploss of 200 ticks (10 points) and select Trailing ticks as 40 (2 points). What this would mean is that when Nifty moves from 6807 to 6805 (2 points
movement in your direction), automatically the stop will go from 6817 to 6815, similarly if Nifty goes from 6807 to 6804, the stop loss would stay at 6815 because the
movement is only 3 points. If the movement was 4 points, it would move to 6813. So if I had used a trailing SL, when markets went to 6790 my SL would now have been 6800
which would get executed on the way up and conserving my profits.JUST tell me what is the price it got bought and what is the price got sold and did u place two orders coz u
said u r short selling that means first u sold it and then u bought it..what is the price it got bought and wat is the price it got bought and did u place another order using
bracket to sell it?????
Reply
Venu says:
This is a short sell trade, which means the sell order was executed first. The initial sale happened at 6807. A single bracket order was placed.
Reply
796. BOPANNA says:

Hi,
Today I placed a BO for sell in M&M fin Dec Futures for 247. Stop loss buy was for 249. The sell order was executed and a trigger pending SL buy for 249 was seen in my order
book. This SL buy was triggered at 0951 and executed. The price was 249.1. However on checking the charts at 1 min interval the High at 0951 was 248.80, and at 0952 is
248.5. As per the chart the price of 249.1 ( round about) was seen at 1047. Kindly note I was logged into kite. Please revert how this SL buy order got executed.
Regards
Bopanna.
Reply
Venu says:
This has been explained in detail here: http://tradingqna.com/2492/placed-order-which-executed-price-charts-amibroker-other-chart
Reply
BOPANNA says:
Well understood
Thanks Venu.
rgds
bopanna
Reply
797. Naresh says:

Hello sir
I m new in this field so , please tell me how to place BO, CO, step by step.
Reply
Venu says:
The step by step approach on how to place BO has been explained in the blog above. Heres the link to the Cover Order placement blog: http://zerodha.com/z-connect
/tradezerodha/zerodha-trader-software-version/cover-orders-for-higher-leverage
You can also look at the following Youtube links:

https://www.youtube.com/watch?v=IwAo4FFT8rE
https://www.youtube.com/watch?v=sBILk1pF7sI
Reply
798. senthil says:

1. Can i place a trailing stoploss order for a stock which i have purchased in CNC option, like the stock in my demat?
2. Can i place a trailing stoploss order for a option/Future which i have purahsed already [ purchased yeserday or before]?
3. can i place a traling stoploss order for the above two which should hold gud till it excutes? it should continue for days till i cancel or executes?
Thanks in advance.
Reply
Venu says:
1. No
2. No
3. No
Reply
ZU0826 says:
Why dont we have GTC orders?
Reply
Nithin Kamath says:

We are working on this.
Reply
799. Chaitanya says:

What if I place a bracket order and then after reaching half of my target I want to book profit for half the quantity, how do i do that??
Like sometimes the order itself is executed in part/segmentsso in that case its easier to book some profits along the way. But if it gets executed as a whole one order then
how to do it??
Reply
Venu says:
You cant book profits partially. Youll have to square off the entire quantity if the order is executed wholly.
Reply
800. AMAR says:

Hi sir
is bracket order available for stock futures if available how to place target & stoploss in ticks
Reply
801. Sudhir says:

Hi Nithin,
Bank Nifty Option order got executed in multiple orders. But when I tried to exit one order of multiple executed orders all order got executed.
Could you please confirm in case of modification one order of multiple executed orders all will get modified or I will have to modify individually.
Reply
Venu says:
Yes, clicking on exit will square off your entire position.
Reply
Sudhir says:
Could you please confirm in case of modification one order of multiple executed orders all will get modified or I will have to modify individually.
Reply
Venu says:
In case you wish to modify, only the order youve chosen gets modified.
Reply
ZU0826 says:
Major drawback of BO/CO is modification of orders. I had placed a trade for 10 lots of BNF i.e. 400 in total. While executing the order it went in pieces of 1
lot each. Hence when I wanted to change SL or TGT I had to do it 10 times. Kindly find a way out for these kind of issues. As in case of volatility a trader
does not get enough time to do modifications. Why is it so complicated to Modify, when the facility of BO at point of entry is such an ease of execution. you
should seriously think about this. The ease should be same as MIS orders wherein even if the order is partially executed and filled totally we can modify it in
single window. If BO/CO are there for leverages then why this major drawback of modifications? Seriously need to understand the pros and cons of this.
Reply
Nithin Kamath says:

Unfortunately no way around it. If there is a partial fill to your order, we have to immediately setup the SL and exit, if we wait for the entire order to be
filled, the risk goes up significantly, no point of BO then.
Reply
802. Soumya says:

Hi,
How about a Video where all these features are explained?

Then it will make more sense to me as a small investor.
Also, it would be great if you could please explain how the funds are calculated at the end of the day.
Because, If I invested say 10000 at 10:30 AM on X, and did a payin of 20000 at 12:30. I would expect to see little less than 30000 ( less the Transaction Charges). But, I am
seeing that my Balance has reduced by 10%.
Can you please explain why that 10% was deducted and how will I get it back.
I am currently dealing in Futures.
Reply
Venu says:
https://www.youtube.com/watch?v=IwAo4FFT8rE Bracket order has been explained here.

There are no deductions made, the entire Rs.30,000 will be available, unless youve traded and made a loss.
Reply
803. Praveen says:

Hi,
Can we place Bracket Order(BO) along with After Market Order(AMO) ??
Reply
Venu says:
No, not possible.
Reply
804. imr says:

Sir,
Is there any way to find out how much of STT (Securities Transaction Tax) is paid for any given year.
For ex : we can check our income tax payment on nsdl website.
In the same way can we (traders / investors) have any facility to check, how much of STT is paid in Eq, Futures and CTT in commodities.
Some brokers give STT and CTT payment details . But can we check it from Govt websites.
Reply
Venu says:
You can ask your broker to send you the Form 10DB report. Form 10DB is the evidence of payment of Securities Transaction Tax. No way to check on Governments
website since Exchanges pay STT to the Government. Broker collects it on behalf of clients and pays it to the Exchange.
Reply
805. Sherin says:

Hi ,
Can you please clarify whether the Trailing stop loss is at Martket price once tiggered ?
Reply
Venu says:
Yes, TSL is always a market order.
Reply
806. BOPANNA says:

HI,
today the BO calculator is showing infinity leverage and 0 as margin required for all NFO stocks. However it is working for equity.
rgds
bopanna
Reply
Venu says:
The margin calculator wasnt showing the right margins for sometime today, it has been fixed.
Reply
BOPANNA says:
hi venu,
the problem still persists today.
regards
bopanna
Reply
807. Tejas Pawaskar says:

Hi Sir,
When placing BO the trigger price is not editable, hence the order doesnt get executed at limit price but at market price. This has happen to me from couple of days while
placing BO in kite as well in pi software.
1. How to make sure the BO will get executed at limit price and not market price?
2. The SL and Target Price entered doesnt values are always different then what I enter, why is it so?
Thanks with Regards,

Tejas
Reply
Venu says:
Bracket orders are always limit order. When youre trying to buy, youve to place the order at a price lower than what its trading at. If you try to buy higher, then the order
will get traded at the prevailing market price. Eg: If you place a limit order at 102, when the ltp is 100, then the order will get executed immediately at 100.
Reply
Tejas Pawaskar says:

Thanks for the reply,

But why the trigger price field is not editable, why cant the order get executed at trigger price as its gets in sharekhan, icicidirect or other broking software?
Reply
Venu says:
The field is non editable, youll have to mention the trigger price in the highlighted window here:
Reply
808. ZU0826 says:

Dear Zerodha,
Congrats for being RANKED No.1 on Client Base Numbers @ 1,19,296.
You seriously need to get this working on BO. SL order must be made available please. Or else it compels us to place only MIS orders which blocks a bigger chunk of our
margins. I am a trader past several years and having accounts with multiple well known brokers and the only thing that brought me to ZERODHA is Pi Software which has
charts right on the terminal and dont need to shift pages to check charts and then place orders. Other best thing is your BO which not available with most brokers. In a single
window we get to place Entry, Exit, SL & TSL and thats a real ease for placing single order for quick getaways. But as the saying goes All good things in life are not free. Same
goes with BOs.
1. Cant place SL orders, which is utmost important for traders working on technical analysis on charts and want to enter at a certain level or a given price. In other words I
have to be button ready and keep watching a single chart and scrip for my price to arrive and then hit the SUBMIT button which doesnt leave me any space to study other
scrips and charts. Serious thinking and action is required to bring in SL & SL-M orders in BO.
2. Another major drawback is MODIFYING orders, as mostly and usually the orders get executed at different prices and different lot sizes. In another comment I have given my
example of 10 lots of BNF getting executed in 10 different orders and I had a hell of time modifying 10 orders separately each for SL and TGT. It should work as MIS or NRML
orders wherein there is a single order line whether or not the orders have executed in different sizes. As your Exiting has a single button click wherein we cant do part bookings
and have to book in one shot even if there are 10 orders similarly there should be a single for modifying all the orders in one click.
Think over it and if possible do the needful as already you guys are at No.1 Position against other high profile and older brokers, by providing this kinda ease of trades facility
am sure you would be retaining your position with faithful traders on your side. Few changes on the BO and believe me no trader will go to any broker who only provides MIS
and not BO, we will stick with ZERODHA.
My current broker provides me 10 times of margin leverage in NSE & MCX in MIS and if I correlate then my former broker is giving me almost and more the same leverage as
your BO orders e.g. I am just considering CRUDE OIL as an example for easy calculations as I know BO is not available for MCX, If I place MIS at your end I get to place only 5
lots i.e. 95K at approx 19k each in 1 Lakh margin, whereas my former broker I can place the same for 25 lots in 95K in MIS wherein I get to modify orders in single click. Only
drawback is that they dont have BO. So the leverage issue isnt a bother whether I trade MIS at the former broker or if I do BO at ZERODHA. The major is the drawbacks
wherein one side MIS and leverage is there but no BO and you have BO but modifications arent possible in single click.
Requesting you to please check if all the above can be approved and done. Will make a traders order placing experience a very easy one.
Regards
ZU0826
Reply
Nithin Kamath says:

Entering BO through SL/trigger is tricky. Modification of multiple pending orders is not possible for now technically. Also as I explained, If there is a partial fill to your order,
we have to immediately setup the SL and exit, if we wait for the entire order to be filled, the risk goes up significantly, no point of BO then.
Reply
809. ZU0826 says:

Hi,
In BO TSL its mentioned as only TICKS,What and how are we have to put in the figures? Is it Absolete here as well or ONLY TICKS?
Another e.g I want to understand is of TSL, I buy BNF @ 18320 and put Tgt as 10 pts i.e. 18330 and SL as 5 pts.i.e. 18315. so the call would run as after execution, every 2
rs,rise in BNF towards profit SL will rise 2 pts as well, correct?hence it will be e.g.18317 and so on, correct?
And does this TSL remain intact once it has started increasing? eg of same as above scrip BNF is now trading at 18326 and ideally the TSL will be at 18317, am I correct in
understanding the basics of TSL?
.Now, if price retracts back from 18326 will the TSL also be decreased to 18315 or it will stay at 18317?
Regards
ZU0826
Reply
Nithin Kamath says:

Mention 2 (absolute value) in trailing.
SO yes, if market goes up, your SL automatically after every 2 points go up by 2points. It will go to 18317 when banknifty goes to 18322. If it comes down, it will stay at
18317.
Reply
810. Dr. Suryakant Hayatnagarkar says:

Can I place bracket orders for call or put options for nifty50 with trailing stoploss in Pi?
Reply
Nithin Kamath says:

Yes, only for Nifty options.
Reply
811. O P GUPTA says:
In the given example of ,Flow: Order Placement & Execution, the trailing SL should trigger @ 6801 and not on @6800 because the trailing SL would would go in the system
only & only in multiples of least count which is mentioned as 2 points ( or 40 ticks)
Reply
812. imr says:

Sir,
Is there any way to find out how much of CTT (Commodities Transaction Tax) is paid for any given year.
For ex : we can check our income tax payment on nsdl website.
In the last reply , you have mentioned Form 10 DB is the evidence for STT paid.
But which form applies of CTT (Commodities Transaction Tax) .
Reply
Venu says:
A similar report can be generated by your broker and given for the CTT paid by you.
Reply
813. Robert Saldanha says:

HI , my self robert my client code is ZY8602 . recently i have opened the trading account in zerodha . i found it is very good platform . compare to other brokerage companies .
i have account with many brokerage companies . but overall your software is good . i have few things to clarify
1) if i login in PI then i cant access KITE
2) i want more info on supertrend . is it accurate ??
3) any training will be provided how to use tools & kite software , pi software .
Reply
Venu says:
1. No, you can login to only one trading platform at a time.

2. You can look this up on the Internet.
3. All of our initiatives are online, you can read blogs, watch videos on how to use our tools.
Our YouTube page: https://www.youtube.com/user/zerodhaonline

Blogs: http://zerodha.com/z-connect/
Kite help: https://kite.trade/docs/kite/
Reply
814. samratbarve says:

Hi ,
Can zerodha provide option to connect the BO, CO trigger to nifty spot prices rather than nifty futures prices (for taking position in nifty futures) ? Bcas most of time traders are
tracking the spot prices chart since futures chart can be at premium or market or discounted , So traders would like to take trade on spot prices.
Awaiting response.
Thanks.
Reply
Nithin Kamath says:

January 22, 2017 at 12:24 pm
Samrat, on our list. Exchange might construe this as an algo though.
Reply
samratbarve says:
Bingo Boss , Awaiting that feature , Gr8 tool for intraday traders. You guys are genius .
Not sure what it means Exchange might consider this as Algo trading , will retail client be able to use it ? or there will be restrictions ?
Sincere request to you

Do not sell Zerodha Business to any big fish out there at any cost , They will try and squeeze money out of small retail client by increasing brokerage , margins and
all other restrictions.
Nithin Have Read your story , Truly inspirational,Im Following the same . Would like to meet you in person if I come down to Blore.
Till than Cheers and Keep up the amazing work at Zerodha , Kudos to all your team.
Reply
815. imr says:

January 23, 2017 at 11:12 am
Sir,
I have a doubt regarding cash market.
1) Are there any limit by nse or sebi for buying number of shares of a particular company.
For ex : can i buy 20,00,000 (20lacs) or More shares of INFY , SBIN or TATAMOTORS in equity market. Or it will be certain percentage of the free float of that company.
If any limits are there from nse or sebi , then please let me know.
2) For buying big quantity of share in equity market, do i need any prior intimation of zerodha or take any prior approval from them or just having the required cash in ledger
will do the needful.
Reply
Nithin Kamath says:

1. A single order limit of Rs 2 crore exists on the platform. You can buy as many shares as you want of the business, no restrictions.
2. No prior approval, you just need to have enough money.
Reply
816. karthik keyan says:

Hai sir, i have recently opened a zerodha share account & its very interesting that i am a member of indias best discount brokerage firm. I want to use bracket order in nifty
futures. Is averaging possible sir? ( Suppose i buy nifty futures at various levels, say 8400, 8380, 8360 & 8340. Assuming average buy price is 8370, and if price bounces back
from 8340 to 8375, can i place sell 4 lots at (limit price) 8375?) My doubt is this possible in Bracket order sir?
Reply
Nithin Kamath says:

January 24, 2017 at 11:13 pm
Not possible this way on bracket. You can average by buying more, but each order will have a set of SL and exit. When exiting, you will have to exit the 4 pending SL or
Target separately (it wont get combined).
Reply
817. Jigar says:

January 24, 2017 at 11:39 pm
How can we use BO/CO for Option Writing ?
Reply
Nithin Kamath says:

You just have to place a sell order on options using BO/CO, that is option writing.
Reply
818. Anu says:

Im new to Zerodha and I tried my first BO today. I took a Buy position and the order executed. Next, since the price was going down, I wanted to Convert the position to
Delivery. When I tried the Convert option, I got an error message something like To segment should be specified. I thought it was because a Sell and Stoploss order are
covering this Buy position, so tried to cancel the Sell and SL orders, but there was no way just to cancel them. The only option was Exit (with a Delete icon) which I thought
would cancel the Sell order, but it exited the position by selling off at market price. I knew the Exit would sell off my stocks if it was used from Positions page but since the
icon was different in Orderbook (a Delete icon) I expected it to just Delete the order.
Is my understanding wrong or is it not possible to Convert a Buy Position in BO to Delivery?
Reply
Anu says:
I guess this answers me..

Bracket orders cant be converted to NRML or CNC. Exit the bracket orders and take fresh positions using NRML or CNC to carry forward positions.
But Id like to understand why it is so? At times I want to minimize loss and convert positions to delivery to sell them when price is favorable. Am I left with only option of
placing separate Buy and Sell orders?
Reply
Nithin Kamath says:

That is how brackets are designed Anu. If you want to minimize loss and still have flexibility to convert, use MIS and place a separate SL.
Reply
819. Pratap says:

Hi, I have a few queries:

1. I am trading on kite website and I dont see any option for Tick or Absolute while placing Bracket orders against what is mentioned in the article above. I also do not see
any option of Trailing tick. Please suggest if I need to update anything on my browser.
2. For the target and stop loss that we specify, once they are hit, are the orders executed based on best available market price?
Reply
Nithin Kamath says:

1. Suggest you to check this video https://www.youtube.com/watch?v=2TrYyOHA7P4&t=4s and Kite manual: https://kite.trade/docs/kite/#advanced-order-types
2. Target is limit order and SL is a market order.
Reply
820. hammadh ali says:

can u please open demo trading facilities
Reply
821. NITIN says:

Hi,
I want to place a trailing stoploss which shall be equal to 200 period ema .please let me know how we can do it in PI.
Regards,
Nitin Singhal
Reply
Nithin Kamath says:

January 31, 2017 at 10:34 pm
Not possible. YOu will have to mention trailing SL as a fixed number of points.
Reply
822. Chetan says:

hi nitin,
I am very new to the bracket order kindly let me know with a easy example.
SL? , Target? negative????
Reply
Nithin Kamath says:

Can you check this video.
Reply
823. vikash says:

Sir,
I have few questions of Bo/co
If I want to buy share of idea using BO
Current price-100, target-106, stoploss-96
1) Then if the the price is 98 and I want to exit. Can I exit????
2) If the price is 103, and I want to exit. Can I exit????
Reply
Nithin Kamath says:

1. Yes. Just go to either the pending SL or Target order, click on it and exit.
2. Yes, same way.
Check this video on Brackets.
Reply
824. RAJESH L S says:

Hi NITIN G,
Iam new to BO,i want to know the margin amount required for Nifty Fut.my regular SL 20pts and TARGET 10pts.
Reply
Nithin Kamath says:

You can calculate yourself using this tool: https://zerodha.com/margin-calculator/BracketCover/
Reply
825. Thomas says:

Using Kite Connect BO API Getting Order Rejected and Status message BO: Tick size not found what could be the reason? I am placing prices in multiples of Rs1 in EQ
segment and TSL is Re 1.
eg:KTKBANK Price Rs 119 ; Target Rs 2 ; Stoploss Rs 1 ; TSL Rs 1
thanks in advance
Reply
Nithin Kamath says:

Can you ask Kite connect related queries on https://kite.trade/forum/
Reply
826. srigauravsethi says:

It would be very nice for every one, especially inexperienced traders like me, if you can help us out (even more) by providing tips on how to pick up good trades for intraday
trading. I want to keep aside 5 scrips every evening for day trading next day. How can I find them?
Also, how can I see average volume or a stock. I mean we can see volumes on charts below, but Is there any way I can see that this volume is higher than normal so that I can
presume some move is going to come.
Reply
Nithin Kamath says:

Have you checked http://zerodha.com/varsity/. If you are on the kite chart, add moving average indicator on the volume panel to see an average volume.
Reply
827. Sudheer says:

Hi,
IS there any plan to introduce BO and CO order in NRML mode for equities/derivatives/commodities?I know its already in place for MIS mode.
Thanks,
sudheer
Reply
Nithin Kamath says:

Sudheer, currently not possible.
Reply
Anish Chandrasekaran says:

May 2, 2017 at 6:59 pm
Since Zerodha is giving margin, conversion to delivery(only possible in NRML mode) is not provided by them. BO and CO give us huge leverage opportunity and hence
trades in NRML mode not allowed.
Reply
828. karthik keyan says:

Hai sir, In BO, suppose i bought bhel futures at 150 and kept target at 150.5 and stoploss at 148. But if price goes down to 149, i buy again at that price and place target at
149.75 and stoploss at 148. Taking into average buy of 2 lots, i.e., 149.5, i would like to square off both when price moves upto 149.75. So can i modify my target of 1st lot
from 150.5 to 149.75. (Means stoploss and target of 1st lot both below entry price 150.)
Reply
Nithin Kamath says:

When you buy again, it will be treated as a separate order. You will have to modify the target/SL on both of these separately. But yes, you can change it manually to
149.75 manually for both pending target orders.
Reply
829. K. Sri Prasanna Reddy says:

Hi,
What is the maximum percentage of SL in BO.
Regards,
Prasanna
Reply
siva says:
There is no preset max percentage as such but obviously by definition max target or stop loss will be circuit limits for that particular scrip for that day. Also the far the SL
the margin blocked will also be more.
Reply
830. Narasimham says:

Thanks a lot for your innovative platforms like Bracket Order etc wherein the order could be executed with many provisions in one go and it is really awesome .Also appreciate
your patience in giving answers to n number of queries being asked by the customers.However request please clarify the following:
1)Can we place two bracket orders viz one buy order and one sell order for the same stock , at the same time and at the same price or with slight variation with applicable
target price,stoploss and trailing stop losses.Will both of the orders get executed without any problem?
2)As Regards trailing stop loss in bracket orders , the stop loss moves upward in case of buy orders or downward if it is a sell order in accordance with the price movement .Will
it get triggered all the time as per the stipulated conditions or is there any chance for missing ,as some of the customers are pointing out its failure in some cases?
Best regards and thanks in advance.
Reply
Nithin Kamath says:

1. Yes you can place, but id advice not to. Your net position will show 0, but both the positions will be open. Youd rather exit the position instead of taking an opposite
position on the same scrip.
2. It triggers all the time as it is a stoploss market order. (SL-M). If you are trading illiquid contracts, and there is no opposite party to your market order, then yeah it can
fail because there was no opposite side.
Reply
831. Nitin Patel says:

Dear Mr.Nithin,
I am a regular user of Kite plateform.Pls. explain,as to how do I place order to buy some script say at Rs.100/share,with stop loss of Rs.90/share and exit of Rs.110/share(After
making profit)??
Reply
Nithin Kamath says:

Open bracket order, limit price 100, SL as 10 and target as 110. Check the usermanual and videos here: https://kite.trade/docs/kite/
Reply
832. Ajax Titan says:

After studing above article I placed following order:

(Order is for short sale i.e. I expect the price to come down)
Stock Name: IGL (Indraprashta Gas Limited)

Sale Price: 1029
Target: 10.20 (expecting to come down to 1018.80)
Stop Loss: 10.20 (dont want to go more than 1039.20)
Trailing stop loss: 2
Following are the values I got from Zerodha Pi from that day:
16/2/2017 9:16 IGL SELL 53 1053.2 BO COMPLETE

16/2/2017 9:56 IGL BUY 42 1054.5 BO COMPLETE
16/2/2017 9:56 IGL BUY 0 1042.7 BO CANCELLED
16/2/2017 9:56 IGL BUY 11 1054.5 BO COMPLETE
Questions:
1) What I dont understand is why the software short sale at 1053.2 when I had asked
for short sale price of 1029?
2) Why it didnt wait to go for the price till 1018.80 (which I wanted)?
3) Even if it short sale at 1053.2 then why it bought back at 1054.5 & not wait
till it went till 1043 (10.20 target which I had set) ?
4) What corrections made to be made to my above order to get the results which I wanted ? Please provide details about how you had put the above order? (THIS QUESITON
NEEDS MORE SOLVING THAN ANY ABOVE QUESTIONS)
Please help me out. All this bracket order has made me confused.
Thanks in advance.
Reply
Nithin Kamath says:

1. hmm.. if you try selling at a lower price when the market is higher, it becomes like a market order, sells immediately.
2. Since it got sold at 1053, the SL was placed 10.2 points below 1053, so around 1042.7
3. If stock price went down 10 points and then moved up, the stoploss trailing would have come down from 1064 to 1054.
4. When entering a SL, you can enter only using limit order. Not possible to enter using trigger as you were trying to do it. Suggest you to look at this video on brackets.
Reply
Ajax Titan says:

March 8, 2017 at 6:00 pm
Can you please explain point number 1 in detail. What does that mean exactly? Do you mean even if I place a buy bracket order of 1058 when the current price is
going on 1053, then will it buy the shares at 1053 itself or will it wait for the price to come up to 1058 ?
Reply
Nithin Kamath says:

March 8, 2017 at 6:47 pm
Yes, if you buy at a higher price when market price is lower, it will be like a market order. So yes, it will buy at 1053 itself.
Reply
833. Prantik Pariksha says:

Can I place BO during pre market session?
Reply
Nithin Kamath says:

No
Reply
Prantik Pariksha says:

AMO???
Reply
Nithin Kamath says:

Not possible as AMO as well.
Reply
834. Sumit says:

Pls offer bracket order for equity traders who carry forward their position also. This way a large chunk who have a job can freely concentrate on their work rather that
continuously checking if their their stop loss/target price has reached so they may manually punch the order. Interactive brokers is offering it, so I am sure it is possible even
for you. Kindly consider this feature. Thanks
Reply
835. Pramod says:

March 6, 2017 at 9:56 am
I have bought MINDTREE futures as NRML order. now is it possible to put another order Sell it via BO so i can cover my losses if prices goes down ???? like will PI treat both
orders differently or will my NRML position get squared off ???
Reply
Nithin Kamath says:

March 6, 2017 at 2:13 pm
You cant do this, it will get treated as separate orders. What you can do is place a stoploss order with trigger price as the price at which you want to square off in loss.
Check the stoploss video on this playlist.
Reply
836. Chanchal Subhash says:

March 7, 2017 at 2:27 pm
Do you have an option to setting a bracket order for long term equity investment. Here is what I would like to do.
1. Buy equity
2. Set a square off sell at a particular profit margin
3. Set a Stop loss sell at a particular loss percentage.
These should work just like the bracket order except that the validity of the order will be in months and not intra day.
Reply
Nithin Kamath says:

March 7, 2017 at 9:27 pm
Currently not possible, exchanges havent approved any products like this yet in India.
Reply
Tapan says:
April 18, 2017 at 10:21 pm
In Kotak they provide the facility to sell equity by putting trigger price in month/months or day/days.
Thanks,
Tapan
Reply
Venu says:
April 19, 2017 at 2:08 pm
Sorry, such a facility is currently unavailable.
Reply
837. Rishi says:

March 8, 2017 at 10:01 pm
Hi Nithin,
Any update on bracket order on SL-M trigger ? Is it going to happen in the near future ?
rishi
Reply
Nithin Kamath says:

March 9, 2017 at 12:14 am
Will take time.
Reply
838. Barun says:

March 15, 2017 at 10:37 am
Hi Team, I still require some more clarity on how to place BO/CO, Is it working on call option ? if yes, pl illustrate with sunpharma-Mar-760
Best Regards,
Reply
839. Vivek says:

March 16, 2017 at 1:05 pm
Is there any proper example where i can kind how i can place trail stop order properly. I mean everytime system reject my order (not allowed). I think you should put proper
description like what should be trigger price,stop ticks.
For example if I bought some call for 50 I would like to place trail stop loss of Rs. 5. So in case if it hits 45 position should be square off. while if it moves to 52, Stop loss
should be also be rise from 45 to 47. But most of time not allowed to place order due to mismatch of price. I am doing something wrong not sure what. So please explain how i
can place order
Reply
Nithin Kamath says:

March 16, 2017 at 1:32 pm
Check this video on bracket orders.
Reply
840. gurunath says:

March 16, 2017 at 4:27 pm
Hi Nithin,
First of all,Thank you for providing such a easy to use tool(kite) for trading and various other portals(e.g varsity) for information.
I have started stock investing 1 month back and I am finding these tools very useful.
My question is regarding Good till Cancelled order.
When are we likely to see this type of order in Zerodha. It will be useful for long-term investors and swing traders.
Cheers,
Gurunath
Reply
Nithin Kamath says:

March 16, 2017 at 6:23 pm
Guru, it is on our list of things to do.
Reply
gurunath says:
March 16, 2017 at 6:43 pm
AwesomeThank you.
Reply
841. Anand says:

March 16, 2017 at 9:57 pm
How reliable is the SL in Bo order? I use it to sell out of money options on expiry by gods grace it is not hit so far but in case of a sudden surge / I want my SL to be hit with
perfection it is very critical to my existence in capital markets please share performance of SL of Bo order is huge volitality ?
Reply
Nithin Kamath says:

March 17, 2017 at 6:20 pm
As long as you have placed a SL, it executes. The only risk you have is, if your target and SL in BO is extremely close to each other. If both hits the same fraction of
second, you can have a naked position. So make sure to keep some distance between them.
Reply
842. Ruchi says:

March 17, 2017 at 10:09 am
Hi, I have been using BO for last 2 weeks but today my SL was triggered incorrectly.
I SOLD BANKNIFTY23MAR1720900PE option @28 at 17-MAR-17 9:15:37 with SL 38 using BO; its price was trading at 32 in the chart but my SL 38 got triggered and
executed at 40 at 9:19:25 .
It is very important for me as I am trading using BO for selling options. I crosschecked chart by logging out and login again to remove possibility of internet issue but I could
find price has gone ONLY till 34.2 at 9:20 AM and then price was reversed from there but my SL was triggered at 9:19:25 itself . Could you please clarify the reason.
Regards
Ruchi
Reply
Nithin Kamath says:

March 17, 2017 at 6:27 pm
Ruchi, there could have been a stray tick which might not have captured on the chart. Check this answer. But if a trade got executed, that means that price was hit on the
exchange. you can cross verify the trades with exchange trade verification module.
Reply
843. Guruams says:

March 17, 2017 at 8:54 pm
Hello sir
how to place Trailing stop loss, for stock which all ready executed.
Ex: bought SBIN@ 276
now i want to place trailing stop loss for this stock.
please explain.
Reply
Nithin Kamath says:

March 17, 2017 at 9:56 pm
Ah u cant. Bracket and trailing SL is a product, you have to enter using the same type of order
Reply
MM says:
March 21, 2017 at 9:32 pm
What i meant wasTrail should should start once the price reaches a specific point rather than starting with the default entry price
Reply
Nithin Kamath says:

March 22, 2017 at 9:43 am
Not possible for now.
Reply
844. MM says:
March 18, 2017 at 2:17 am
Hi Nithin,
Can you look at a provision of adding trailing stop at target price to Kite. Trail should start once the price reaches the target price, this will help a trader trail the profit at the
same time, he can lock the profits which he made when the price reached the target price.
~MM
Reply
Nithin Kamath says:

March 18, 2017 at 1:19 pm
hmm.. didnt get you. If the target price is met, your position gets exited. So there is nothing left to trail.
Reply
845. Derick says:

March 23, 2017 at 7:58 pm
Today I shorted 6000 quantities using Bracket orders (6 orders). I placed another 5 BUY Bracket orders and purchased back 5900 shares. At 3:20 pm. I had a net shortage of
around 100 shares. I was expecting a square off for only those 100 quantities. But, the system triggerred 6 BUY orders of the initial Sell BO and 5 SELL orders of the Buy BO. Is
this how it is supposed to function? Cant it just square off the pending quantities like normal intraday trade? I lost all my profit and ended up having unnecessary additional
transactions.
Reply
Nithin Kamath says:

March 23, 2017 at 9:28 pm
Derick, if you buy BO and sell BO, both will be treated as separate positions. They both will be exited separately. If you want to exit bracket positions, you have to exit
either target or SL.
Reply
Derick says:
March 24, 2017 at 11:47 am
Is it an Exchange norm? If not, You could easily square it off the way you square off normal intraday trades, as the ultimate aim is to square off all pending quantities.
Its just a suggestion cause it could avoid unnecessary transactions and loss.
Reply
Derick says:
March 24, 2017 at 12:28 pm
Sir, whatever Ive written above is only for the auto square off period (i.e. after 3:20 pm). I understand that the BUY, SELL and SL orders placed for the individual BO
are meant for exiting the BO prior to 3:20 pm, and I definitely support it. The idea here, is to use a single order to square off just the pending quantities after 3:20
pm. to avoid unnecessary transactions and loss. I do not know the exchange rules regarding the same, but I personally think that the exchange would only be
concerned of the quantity bought and sold and not how it is squared off.
Reply
846. Mangesh says:

March 24, 2017 at 1:03 pm
Hi Nithin sir,
I want information about bracket order
What happen if stock price not executed in using bracket order
For example:
In morning X stock is 1065 high after hours its low is 1045,
So I place bracket order if price will came 1060 buy it,with stop loss 10 and target is 15 points
But price is not going 1060, it will run 1054 till 2 pm
So I have question
Can I cancel showing pending order by manually, is it any giving brokerage charges.
Regards
Mangesh
Reply
Nithin Kamath says:

March 24, 2017 at 2:56 pm
On brackets only limit orders are allowed to enter. So if you are buying at 1060 when market is at 1045, it will get bought immediately at market price. There is no entry
using trigger orders. Btw, if you have placed an order that doesnt execute, no charges for that. You can cancel anytime.
Reply
847. Arun says:

March 24, 2017 at 2:57 pm
Hi,
I am new to Zerodha. While checking BO, in kite I found no option is there to put SL or target in ticks , by default only absolute is there it seems. Please clarify.
Another thing is how SL or target are calculated ? Is it from the prevalent nifty level when the first limit order was executed and from there based on SL or target is arrived?
Please confirm.
Thanks
Arun
Reply
848. Arun says:

March 24, 2017 at 3:03 pm
In case of normal SL order, there is no facility of putting trailing SL . PLease let me know if I am missing something.
Regards
Arun
Reply
Venu says:
March 24, 2017 at 8:39 pm
No, you cant place Trailing Stop loss using the regular SL order facility. Trailing SL is available only when you use Bracket order.
Reply
vinay says:
March 25, 2017 at 5:55 pm
Can I modify stop loss/ take profit once order gets executed?
Reply
Nithin Kamath says:

March 25, 2017 at 10:50 pm
yes
Reply
849. AMIT GUPTA says:

March 26, 2017 at 7:59 pm
Dear Mr. Nitin
Bracket order in Kite Mobile is not working properly. The problem is that despite putting in proper stop loss and target, once the order gets executed, under pending orders two
orders appear but both of them show wrong values for target and stop loss. I need to personally modify each order again. The rectification of this error needs your urgent
attention.
Otherwise, Bracket order is a great thing to have and use. I would also suggest to allow bracket order either in AMO or during pre-market session. If i have to place multiple
bracket orders together, it becomes very difficult after 9.15 am.
Reply
Nithin Kamath says:

March 26, 2017 at 9:27 pm
Amit, this might have something to do with understanding of brackets, bracket order is a very popular feature that clients using on mobile everday. No complaints till now.
Can you check this video on brackets. If your entry order is filled in parts, brackets have to be setup separately otherwise it wont really be a bracket if we had to wait for
the entire order execution to place both SL and target.
Reply
850. AMIT GUPTA says:

March 27, 2017 at 7:10 pm
Dear Mr. Nitin
May be I am not able to explain my point correctly. Suppose, I place a BO for IFCI buy 1000 at 29, sl at 28.50, target at 30.Now when the buy order gets filled at 29, two
orders appear simultaneously under pending orders, but instead of sl at 28.50, the value is 27 instead of 28.5 and for target the value is 32 instead of 30. It means that I have
to manually modify the twin orders of stop loss and target to correct values . This process I have to repeat for each of the scrips.
Reply
Nithin Kamath says:

March 27, 2017 at 7:21 pm
Ah Amit, the stoploss and target has to be mentioned in absolute points. So if you buy at 29, you have mention SL as 0.5 and target as 1.
Reply
851. Gaurav says:

March 27, 2017 at 7:21 pm
Hi Nithin,
I have three specific questions that I would love to have answers for
1. While trading through Zerodha Pi, in bracket order type, we find squareoff sell and stoploss columns have something called ATP ( Average Traded Price ) . I have found that in
many cases, the ATP is something like 6.70 . Suppose I buy a stock at a current ask price of 5.65 and set my squareoff sell at Rs 6.70 ( ATP ). Will my stock be sold at 6.70 (
ATP ), if the current ATP is at 6.70 ?
2. In the same scenario, consider I place the target as 6.00 ( in terms of LTP ) with a buy quantity of 15000. I then enter a separate MIS order of just 1 share and say enter at
a price of 6.00. The LTP updates to 6.00 . Will my 15000 shares be sold at 6.00?
3. Consider the 1st scenario. If my stoploss hits, will my sell price bet the current ATP ?
Reply
852. siva says:

March 27, 2017 at 11:03 pm
1. ATP in BO order represents Average traded price of parent leg that is at what average price the total first leg is traded and it has nothing to do with stock ATP for the day.
2. For any order to be traded fully equal number of opposite side in your case seller with 15k quantity should be there in market, if not it will be in pending state at that
particular limit price.But when ever seller comes at that price your order will keeps on executing partially.
3. IF SL hits it will be traded at market price which ever is available at that particular time.
Reply
853. Vijay Kumar Santhalia says:

March 27, 2017 at 11:50 pm
If I place multiple bracket orders throughout the day at different prices, will the buy and sell prices be averaged?
Another question of mine is, in case of bracket orders are intraday profits calculated on difference in between average sell and average buy ?
Reply
Nithin Kamath says:

March 28, 2017 at 1:01 am
Yes, buy and sell will get averaged. Yes intraday P&L is calculated as difference of avg buy and sell.
Reply
854. Amit Gupta says:

March 28, 2017 at 9:59 am
Dear Nitin
I have few queries.
1) Is there any way to place multiple bracket orders in one go like we do for basket orders.
2) Kite mobile doesn.t push any notifications.. This is a very needed feature atleast for
trades that get executed .it is not practical to be watching screen all the time.
Reply
Nithin Kamath says:

March 28, 2017 at 12:22 pm
1. not possible.
2. Net on our list of things to do.
Reply
855. Sahil Raghav says:

April 1, 2017 at 6:22 pm
Is it required to put a stop loss every day at the time of market opening (In case of call/put or F&O) OR previous days stop loss will be considered by the system (Kite Zerodha
Software) automatically ?
Reply
Nithin Kamath says:

April 2, 2017 at 12:08 am
Yeah, orders have to be put everyday. Pending orders get cancelled end of every day.
Reply
856. Subrata Maiti says:

April 2, 2017 at 9:05 pm
In BO and CO margin benefit is more than MIS type order for nifty future, but for selling options margin benefit is not more than MIS order. Please explain why it is so?
Reply
Nithin Kamath says:

April 3, 2017 at 9:33 am
Option writing also involves a big liquidity risk (clients take positions, but not able to exit because not enough contracts trading). Hence the margins are in line with MIS.
Reply
857. Vaman says:

April 5, 2017 at 9:42 pm
I am not able to place BO as system says margin not sufficient. Im sure why such error pops up as BO will have more leverage.
Reply
858. Jagadeesan V says:

April 6, 2017 at 7:37 am
Dear Nithin,
First of all thank you for the wonderful features in Zerodha.
In BO is it possible to exit partial trading quantity??
Reply
Nithin Kamath says:

April 6, 2017 at 3:28 pm
Partial exit not possible.
Reply

April 6, 2017 at 11:37 am
Now in zerodha only Nifty 50 stocks can be short for intraday.

Do you have any plan to enable z category script shorting because as you know in technical trading the trend reversal will be in both direction but it is very difficult to wait for
only buying opportunity??
Reply
Nithin Kamath says:

April 6, 2017 at 3:51 pm
All stocks except for Z and T2T can be shorted for intraday. Exchanges have blocked intraday on such stocks.
Reply

April 6, 2017 at 9:50 pm
Today i tried to short Shankara building corporation (Recently listed) & Jindalstel, the order was rejected and says No holdings present for entity account.
Reply
Nithin Kamath says:
April 7, 2017 at 12:52 am
To short for intraday, you need to use product type as MIS and not CNC. Suggest you to go through this video playlist.
Reply

April 6, 2017 at 10:24 pm
Where we get the exact company category A or B or Z because in BSE website it shows B category script but it couldnt be short
Reply
Nithin Kamath says:

April 7, 2017 at 12:54 am
https://www.nseindia.com/products/content/equities/equities/equities.htm , go to current market reports. You can see complete list.
Reply
862. Pitam says:

April 8, 2017 at 6:13 pm
Hi,
What is the difference between buy and sell order in BO ?
Reply
863. rama says:

April 10, 2017 at 4:25 pm
sir,
for commodity trading do we have BO & CO available.
Reply
Nithin Kamath says:

April 10, 2017 at 6:31 pm
CO yes, BO Not yet
Reply
864. Ashish says:

April 11, 2017 at 11:12 am
Trailing Stoploss facility is only available for Intraday ( and not for delivery) on Zerodha. Is it the same case with all other brokers (like Skhan etc) ?
Reply
Nithin Kamath says:

April 11, 2017 at 12:03 pm
Yes, since exchanges dont support good till cancelled orders, technically quite tough to keep this for overnight.
Reply
865. Rakesh says:

April 12, 2017 at 4:16 pm
Hey Nithin, Need to know whether bracket order is applicable for all equity scripts or only the scrips in nifty 50?
Reply
Venu says:
April 13, 2017 at 2:44 am
The list of scrips is here: https://zerodha.com/margin-calculator/BracketCover/
Reply
866. Prem says:

April 17, 2017 at 7:07 pm
Hi Nithin,
If I suppose buy a stock at Rs.9 and I want to sell it at Rs.9.50 is it possible in bracket order or should I use absolute numbers and can sell only when it reaches Rs.10
Reply
Venu says:
April 17, 2017 at 11:13 pm
Yes, you can set the target 50 ps higher than your purchase price. No need for it to be absolute numbers.
Reply
867. Shankarshan Mukhopadhyay says:

April 17, 2017 at 9:01 pm
My client id is ZU1900. I did a NEFT transfer today at 1 pm . My account is yet to show the credited amount.
I have got the sms confirmation from bank regarding the NEFT transfer being successful. I sent the scanned copy of the receipt. That was hours ago.
How long does it takes, despite repeated emails and phone calls to credit the amount?
Your advertised 2 hour NEFT claim fails seriously.
It is the first time that I have seen such lackadiasical work from your companys end.
I am an intraday trader. It is not okay for me to wait for n number of days, to see the funds that I transfered into my trading account.
Look into the matter. Credit it as soon as you can. I have to trade tomorrow. I hope you will not let me miss that opportunity.
Thanks.
Reply
Gautam Kumar says:

April 17, 2017 at 9:56 pm
The same thing happened to me thrice. They are just looking for ways to harass and scam people. Why else would a trader himself ( if he is so successful ) leave trading
and start a brokerage firm?
Reply
Shankarshan Mukhopadhyay says:

April 17, 2017 at 10:31 pm
The matter has been resolved, Gautam. I dont think they are scammers. Although this kind of late approach is not something that I expect from their side, provided
how ambitious and hard working these guys over at Zerodha are, I am sure they will improve their efficiency.
Reply
Venu says:
April 18, 2017 at 12:04 am
Were dependent on banks to share the source account number from which the transfer has been made, this is to ensure that funds transferred from unmapped
accounts arent credited to clients. This is a regulatory requirement. HDFC who we bank with, have made an update to their core banking because of which theres a
delay in their end to share this data and hence the subsequent delay. Transfers made through the payment gateway gives you instant credit at a nominal cost of Rs.9.
@Gautam: Answering specifically to why Nithin decided to start a brokerage firm; this is from his Linkedin profile: Over a decade of trading the markets for a living.
Felt the fatigue, and with Zerodha decided to be the catalyst for change and started a brokerage firm that I never had as a trader.
You can express displeasure at the service provided but I think you should think twice before passing such obnoxious comments.
Reply
Venu says:
April 17, 2017 at 11:58 pm
Credit of Rs.10,000 has been updated on your trading account.
Reply
868. Krishnas says:

April 19, 2017 at 12:18 am
Sir,
Is there any possible that in kite ,the limit order of MCX cover order option like in PIOr BO in MCX.
Reply
869. Shailesh says:

April 19, 2017 at 6:26 pm
Hi..
I need some help with margin calculations.
I have a balance on 21K in my account. I tried to do a Buy Bracket Order for HDFCBank Apr Futures. One lot of 500 with Entry 1450, Target 1453, SL 1448. On the Zerodha
margin calculator, it shows the margins as Actual Value 7.24L and Margin Required as 13K with 55X leverage. Although my balance was more than 13K, I got an error saying
that RMS Margin exceeds.
What am I missing?
Thanks.
Reply
Venu says:
April 19, 2017 at 7:21 pm
Did you already have another order pending in the system before you place this order? It would help if you could give me the client ID for which you were trying to place
this order. You can email the client ID to venu@zerodha.com if you dont want to share it online.
Reply
Shailesh says:
April 19, 2017 at 7:32 pm
Dear Venu,
My ID is RS6310. Please look up and let me know.
Reply
Venu says:
April 19, 2017 at 8:04 pm
Ah I think I got what youre doing wrong. Your entry was at 1450, if you want the target to be 1453 and the SL to be 1448, youve to mention values of 3 for
target and 2 for SL. Since youve mentioned 1453 in the target column and 1448 in the SL column, the order has gotten rejected.
What goes into the Tgt and the SL boxes is the number of points that you want your Target and SL to be away, not the actual target and SL amounts.
Reply
Shailesh says:
April 19, 2017 at 9:28 pm
Dear Venu,
I guess that resolves it! Thanks a lot for correcting
Reply
870. prem says:

April 20, 2017 at 9:56 am
Hi Nithin,
I have noticed for the last 2 times in bracket order if the target is reached nothing happens but once I exit the order Immideately the order completes, let me say i sold a stock
at 90.90 and the target was 90.40 and after some times I modified the target to 90.50 but once the price reached the target it didnot executed but it went down to 90.30 so I
decided to exit and then buy it by myself but once i exited the order it got complete by itself at 90.50 but the market price at that time was 90.3 or 90.4(not sure), I think
unmodified orders are getting executed properly..
Reply
prem says:
April 20, 2017 at 11:21 am
t just happened again I have to exit to execute my order(modified), but before that an unmodified order got executed by itself once the target reached
Reply
871. pawan says:

April 20, 2017 at 5:48 pm
i have problem in applying trailing stoploss in bracket order. in kite only absolute sl values are given. if i trade nalco @ 68, sl 67.75, tgt 68.5. want to put trailing sl .05 . but
Trailing sl show value 01 and above. how i apply ?
Reply
Venu says:
April 20, 2017 at 8:32 pm
The minimum points for Trailing SL is 1. You cant place TSL less than 1 point for now.
Reply
872. Prince says:

April 21, 2017 at 9:35 pm
Dear sir why BO in bank nifty option has been stopped
Reply
Venu says:
April 21, 2017 at 10:27 pm
The reason we blocked bo/co and in bank nifty options is because of the increase transactions in deep out of the money far month bank nifty weekly options which doesnt
have any intrinsic value. We are hitting open interest limits of 15% set by the exchanges which is causing inconvenience to our other clients who want to trade closer series
options.
Reply
Kalpesh says:
April 24, 2017 at 4:51 pm
Cant you develop a system where only far options are not allowed.
But at least Monthly and Immediate weekly Options can be traded with BO.
or BO for Bank Nifty Options is permanently disabled only??
Reply
873. Naitik Nakrani says:

April 22, 2017 at 9:45 am
Dear Sir,
Does stoploss in BO automatically updates as per trailing stoploss, if i modify stoploss manually in between after first trade???
Reply
Nithin Kamath says:

April 22, 2017 at 4:35 pm
Yes
Reply
874. Mary Margaret says:

April 23, 2017 at 12:32 pm
Can i place trailing stop loss in paise with points or ticks.

if so What is the minimum points or ticks are applicable.
In My first trading I lost because I had given 0.20 points trailing stop loss which did not act.
Reply
Nithin Kamath says:

April 23, 2017 at 4:12 pm
Mary, minimum ticks is 20 or 1 point. Check this video on brackets.
Reply
875. Kalpesh says:

April 24, 2017 at 4:45 pm
From Last 2 3 days, BO for Bank Nifty Options is also not working
Any Particular Reason??

and any chance of it being resuming??
Reply
Nithin Kamath says:

April 24, 2017 at 9:32 pm
Kalpesh, we have stopped supporting BO for bank nifty options temporarily. Will take us some more time for this.
Reply
Kalpesh says:
April 25, 2017 at 10:27 pm
How will we come to know, if its started??
Reply
Nithin Kamath says:

April 25, 2017 at 10:29 pm
We will announce it as soon as it is done.
Reply
876. gautam says:

April 26, 2017 at 10:13 am
how to trail stop loss automatic if someone has ordered without bracket order..
Reply
Nithin Kamath says:

April 26, 2017 at 11:58 am
Not possible.
Reply
877. Moumita Ghosh says:

April 26, 2017 at 2:50 pm
Hi, If I buy SBIN (Lot) NFO for future under cover order, shall I have to sell 3000 shares at a time or I can sell them part by part? Please advise. Thanks
Reply
Nithin Kamath says:

April 26, 2017 at 3:38 pm
Futures have to be traded in lots. Not possible to break 3000 down. Suggest you to go through http://zerodha.com/varsity/ and futures and options module. F&O is risky,
best not to trade until you are 100% sure on how it works.
Reply
878. Harshit says:

April 27, 2017 at 1:33 pm
Hi,
Does Zerodha provide to enter Trigger price while buying? E.g. price of script ABC is 100 and I want to buy script ABC when price reaches 105, but not before. In normal Order
and in Bracket Order
Thanks.
Reply
Nithin Kamath says:

April 27, 2017 at 7:46 pm
In normal order you can do it using stoploss and trigger. You cant do it with brackets. Check this post.
Reply
Harshit says:
May 17, 2017 at 11:56 am
Hi Nithin,
I am really struggling to trade on zerodha without this feature. If there is no trigger price then I have to keep checking the price every few seconds. As a result I have
not created any order so far.
Still I use Sharekhan since it has this feature. If Zerodha cannot provide this feature then I have to close this account soon.
Thanks.
Reply
Akshay.A says:
May 17, 2017 at 5:16 pm
Harshit, You can use an SL order. Check this link to know the different order types
Reply
879. Vishwanath says:

April 29, 2017 at 9:02 pm
Is bracket order is limit order? Can we execute bracket order in premarketing session?
Reply
Nithin Kamath says:

April 30, 2017 at 8:01 pm
Yes entry order is limit. No brackets in premarket.
Reply
880. Arun Krishnan U says:

May 1, 2017 at 3:49 pm
I am not a day trader but used to make short term investments with a clear target and stop loss. My targets may take one week to 10 days to achieve and sometimes i
continue with the momentum and take more time to exit. And i am working so will not be able to be hooked to computer.
Now i place orders daily and biggest challenge is to put stop loss.
Is there any product in which i can put stop loss as an AMO type.
Reply
Nithin Kamath says:

May 2, 2017 at 12:22 am
Not currently. But we will have it available soon.
Reply
881. Nikunj says:

May 2, 2017 at 7:18 pm
Hello,
Let me start by thanking you for the state of the art platforms. Huge thank you .. you guys rock. The only requirement I see which is very useful to me personally is bracket
order for commodities.
This should help people who are on the go who wouldnt need to track market continuously. Cover orders covers the risk part but not the profit booking.
Cheers
Reply
882. Parag says:

May 4, 2017 at 10:11 pm
The Pi is good trading platform and it is easy as well. A few things i think should be there to ease the operation of it.
1. There should be an easier way to increase/decrease the buy price/stop loss price etc. (similar to how it is in web platform KITE) instead of typing the value in the text box.
2. Bracket order should be placed when reviewing the charts in full view within Pi.
Reply
883. Kaushik Dedhiya says:

May 5, 2017 at 7:28 pm
Sir, there seems some error while putting Bracket or Cover Order. When we mention stop loss let say 1 and the price of the stock is 510 for an e.g. The said order is buy order.
So, technically my order shall get closed if stock goes below to 509 itself. But, in reality in many of my trades the stop loss that was hit was not the price that i mentioned but
stop was hit even @508.70 whereas it shall have been hit at 509 only. If that was one of the case than understandable but many of my trades has faced same issue. Can you
please guide if i am faltering in my understanding of BO & CO orders?
Reply
Nithin Kamath says:

May 6, 2017 at 1:16 pm
Stoploss orders in BO/CO are stoploss market orders. What it means is that as soon as your trigger of 509 hits, a market order to sell is fired to exchange. From the time
of trigger to hitting the exchange, if stock moves, it can be lesser than 509.
Reply
884. S.B says:

May 9, 2017 at 12:06 am
My Bracket orders are getting rejected. In between 9:20 am to 9:50 am today I tried 2 Bracket Orders , 1200 ICICIBANK NSE Equity and 1 lot (200) ULTRACEMCO17MAYFUT
NFO . I had more than 50k in my account, and the margin required was around 13k for ICICI and 16k for ULTRACEMCO, but in both the cases the orders were rejected with the
following error:-
rms:margin exceeds.
It showed the required margin properly (3.6 L and 10L respectively) but margin available was shown as 50k , i.e my total account value and not the margin which I got in
Zerodha margin Calculator.
However my MIS order was executed properly for both the shares.
Reply
Akshay.A says:
May 9, 2017 at 12:49 pm
Hi,
In BO, if you are buying a scrip at 100 and if you wish to keep Target at 105 and Stoploss at 97, then; you have to place the values as shown below:
Target = 105-100 = 5
Stoploss = 100-97 = 3
You have to place this difference value and not the actual stock price. This is very important.
If you wish to keep a trailing stop-loss, then you can keep it as 1.
Check here
Reply
885. Ranjeet Kumar says:

May 10, 2017 at 1:01 pm
Dear Nithn Sir,
In FNO BO order is ok But when i place Bo order for cash with big qty.
if i place 1000 sh @ mkt with stop loss of 2 rupees and target 4 rupees.
my order execute partially at different price and each execution have a Stop loss and target.
in that case modification is complicated.
it is not possible to one order has only one stop loss and one target
regards
Reply
Akshay.A says:
May 10, 2017 at 5:23 pm
Hi Ranjeet,
BO orders get executed as and when a certain quantity is available to fill your order until it gets completely executed. Sometimes this gets executed at one shot but at
other times, especially for equity trades with a high quantity, it gets divided into multiple partial trades and each trade will be treated as a separate order. You can trade
the same equity in FNO if it is available in order to trade only in lot sizes and avoid multiple partially executed orders.
Reply
Ranjeet Kumar says:

May 10, 2017 at 7:38 pm
Dear Akshay Ji,
Thanks for your Response !
Some of the equity has big lot size like IBREAL has 10,000/- and i want to trade in 2000-3000 qty . After execution partially my order book showing 10-15 orders of
stop loss and target. as a fast trader not possible to modify all order in few second. Rest all system is good i like and refer my friend.
hope you understood my point if possible then fix it at single stop loss and single target order so that modification is simple.
my view for this if you and your technical team thing about it .
if i place a order with 2000-3000 qty and get execute partially then system calculate average price of those executed order and according AEP place stop loss and
target.
Regards !
Reply
886. samir yadav says:

May 10, 2017 at 8:35 pm
Dear Nitin Sir,

whenever I placed a intraday trade using Bracket order, the zerodha Pi rejects it with RMS
I cant use a very powerful feature of Zerodha.. Please help me to solve this problem..
regards..
samir yadav
Reply
Akshay.A says:
May 11, 2017 at 10:22 am
Hi Samir,
Could you send a screenshot of the rejection reason to support@zerodha.com
Reply
887. Piyush says:

May 11, 2017 at 10:17 pm
Hi
I am not geting leverage while using BO on kite platform.It gives rms error insufficient fund
Reply
Akshay.A says:
May 12, 2017 at 12:31 am
Piyush,
Check BO margin calculator to find out the required margins for the trade. If youre still getting an RMS error, can you send a screenshot to support@zerodha.com
Reply
888. Haribabu says:

May 13, 2017 at 9:59 am
Hi Nithin,
I want BO with Average Price for triggering. that I should be able to set average of last 14 / 20 / 30 candles as trigger price for Stop Loss. This is to reduce the stop loss hitting
due to noise.
Ex. if Stop loss price hits Average of last 14 candles then exit.
facility for number of candles for average should be given and also option to select the same.
Reply
889. JINGYA BEHERA says:

May 14, 2017 at 7:50 am
Hi Nithin sir,
Thanks a lot to make kite so user friendly.i have a concern that is it possible to place a bracket order through SL order.Now its available only limit order & in that case if i want
to buy nifity then i have to place a buy order below the market price,but maximum time i want to buy or sell nifty above or below the market price like some breakout tricks,in
that case i am not able to do that.i am a working professional and its very difficult to place a order without SL in intraday. so please if possible then implement this facility to
trading system is very helpful to day traders with working professional.Thanks.
Reply
Akshay.A says:
May 15, 2017 at 4:11 pm
Jingya, BO is a type of order where you can enter a new position along with a target/exit and a stoploss order. As soon as the main order is executed the system will place
two more orders (profit taking and stoploss). When one of the two orders (profit taking or stoploss)
gets executed, the other order will get cancelled automatically. When you place a bracket order, you get an option to either place a fixed stoploss order, or also an ability to
trail your stoploss. What this would mean is that if the contract/stock moves in your direction by a
particular number of ticks, the stop loss will go up/down based on if you are long or short automatically.
Reply
890. sushil sharma says:

May 14, 2017 at 8:20 pm
i am buy Oder in coll and put nifty but nse exchange say your account not permit for this please tell me this issue
Reply
Akshay.A says:
May 15, 2017 at 4:41 pm
Sushil, Could you share the screenshot to support@zerodha.com
Reply
891. Mohan Seerangan says:

May 16, 2017 at 5:57 pm
Hi All,
Dont get confuse while placing an order. Please refer the below snapshot of different types orders

1. PRODUCT Type:

a) Cash & Carry (CNC) > BTST, Short & Long term stocks. Cant sell the stocks on same day until convert into intra day sell.
b) Intra Day Square Off (MIS) > BUY and SELL on same day with Stop loss price (i.e either Fixied Stop Loss (SL) or Trailling Stop Loss (SLM) Price). Intraday Positions
automatically Squared off off normally 10 minutes before market close. If you required BTST, Short & Long term, need to convert from MIS to CNC.
-
ORDER TYPE:
-
a) Market Price Order (MKT) > Market orders provide instruction to execute, as quickly as possible at the best available Market price for Buy or Sell order. However the
execution and the price is not guaranteed.
b) Limit Price Order (LMT) > Limit orders allow you to set a maximum purchase price for your buy order or a minimum sale price for your sell orders. If the market doesnt
reach your limit price, your order will not be executed.
c) STOP Loss Order (SL) > This allows the trading member to place an order with Limit price, which gets activated only when the Last traded price (LTP) of the Share is
reached or crosses a threshold price called as the trigger price.
The order will be automatically sell only when the Last traded price (LTP) of the Share is reached or crosses Stop loss price in case of placed Buy order. The order will be
automatically Buy only when the Last traded price (LTP) of the Share is reached or crosses Stop loss price in case of placed Sell order.
Please note that in a buy order the Trigger Price (TP) cannot be less than the last traded price.
d) STOP Loss Market Order (SL-M) > This similar to the Stop Loss Order except trading member to place an order with available market price.
-
Advanced Options:

a) Regular Order > Place an order as normal during market hours without any stop loss or trigger price.
b) Bracket Order (BO) > Bracket order contains Entry price, Target Price, Fixed Stop Loss and optional Trailling Stop Loss all placed simultaneously in Intraday Limit price
Order. Stop Loss automatically cancelled if target is met and target automatically cancelled if Stop loss is hit. Trailing SL which is optional trails the stoploss price or moves the
SL price everytime the scrip moves in a favorable direction by the trailing stoploss value mentioned.
This is an Intraday product (IMS), so all Bracket order (BO) positions will be Squared off off normally 10 minutes before market close. You cannot carry forward bracket order
positions to the next day and shouldnt be used in pre-market hours.
To modify or cancel a pending bracket order, visit the order book and edit the order. But shouldnt switch off the tradining system until order executed else go off. Please note
that Trailling Stop Loss price can be set as minimum of 1.
c) Cover Order (CO) > Cover order contains Entry price, Target Price and predetermined Stop Loss (trigger Price) all placed simultaneously in Intraday Limit price Order.
Trigger price automatically cancelled if target is met and target automatically cancelled if trigger price is hit.
Similar to bracket orders, higher leverage due to fixed stoploss and all positions auto-squared off before market close.
d) After Market Order (AMO) > Place orders for the next trading day the previous day itself. You can place Limit or Market Order. All accumulated orders will be sent to the
stock exchange when market opens. Order executed is based on margin availability while pushing order to exchange.
-
ORDER VALIDITY:

a) Full Day Validity (Day) > A day order is an order to buy or sell a security that automatically expires if not executed on the day the order was placed. If it is not filled, it is
canceled, and it is not filled if the limit or stop order price was not met during the trading session.
b) Immediate or Cancel (IOC) > An Immediate or Cancel order requires all or part of the order to be executed immediately, and any unfilled parts of the order are cancelled.
Partial fills are accepted with this type of order duration.
c) Good til canceled (GTC) > A good til canceled (GTC) or valid till canceled (VTC) order can be placed by an investor to buy or sell a security at a specified price that remains
active until it is either rescinded by the investor or the trade is executed. GTC orders offer an alternative to placing a sequence of day orders, which expire at the end of each
trading day.

Disclosed QTY:

a) It is an order in which only a part of the order quantity is disclosed to the market. The next part is automatically released after the previous order quantity is fulfilled and so
on till the full order is executed.
I hope this will be clear understanding for everyone.
Thanks,
Mohan S
Reply
Sandhya nagar says:

May 18, 2017 at 11:00 pm
Please explain with suitable (numeric value) how bracket orders /co can be used for intraday share trading in zerodha kite.
Reply
Akshay.A says:
May 19, 2017 at 11:11 am
Sandhya, Check this video to learn more abot Bracket order
Reply
snehasis says:
May 29, 2017 at 7:34 am
Sometimes I bought by CNC and sold the same by CNC on the same day without converting to MIS. So please tell me it was wrong or this is allowed. I am confused.
Reply
Nithin Kamath says:

May 29, 2017 at 11:27 am
It is allowed, no issues.
Reply
892. Inder Jit Sehgal says:

May 18, 2017 at 12:10 am
I am a full time intra-day trader, Can I Put a triggered FNO order with stop-loss and Target both with same trade.
e.g. stock future is at 100 & I want to sell below 95 with stoploss of 100 & target of 90.
or stock future is at 100 & I want to buy above 105 with stoploss of 100 & target of 110.
Thank You
Reply
Akshay.A says:
May 18, 2017 at 11:16 am
Yes, you can with a Bracket Order. Check this link
Reply
Inder Jit Sehgal says:

May 24, 2017 at 9:43 am
Am not able to do, please explain by example.
Reply
Nithin Kamath says:
May 24, 2017 at 4:05 pm
Check the video on bracket orders here.
Reply

May 24, 2017 at 4:55 pm
Dear Mr. Nithin,

I could not get the reply to my query in the video.
Can I Put a triggered FNO order with stop-loss and Target both with same trade.
e.g. stock future is at 100 & I want to sell below 95 with stoploss of 100 & target of 90 in single order.
or stock future is at 100 & I want to buy above 105 with stoploss of 100 & target of 110 in single order.
Reply
Nithin Kamath says:

May 24, 2017 at 5:15 pm
Not possible to enter using triggers the way you are asking on bracket.
Reply

May 31, 2017 at 11:12 am
Thanks Nithin, one more query,

for existing future position can we put stoploss & target order together. On execution of one other gets cancels similar to BO.
Reply
Nithin Kamath says:

May 31, 2017 at 11:28 am
Not possible INder. Possible only if entering using BO.
Reply
893. Inder Jit Sehgal says:

May 18, 2017 at 10:39 am
For existing future position can we put stoploss & target order together. On execution of one other gets cancels similar to BO.
Reply
894. ANSHUL GOSWAMI says:

May 22, 2017 at 10:31 pm
Team Zerodha
when are you going to add the feature to buy above the market level in bracket orders
Reply
895. Zamir ahmed says:

May 24, 2017 at 12:56 pm
Sir can we use bracket order in after market order. Can it be activated in my account.
Reply
Nithin Kamath says:

May 24, 2017 at 4:08 pm
No Zamir.
Reply
896. shafik s says:

May 24, 2017 at 1:10 pm
Dear Nitin sir,

I am a big fan of yours, Thank you for all the work you have done and will be doing for investing community.
I would like to suggest you that why dont Zerodha give its customers, list of all the rejection message list. because every time for any reason if any order gets cancelled etc by
RMS we receive reason for the cancellation in shortcut words or format. That is not understandable every time. so if we have a list to refer to that message it would not need us
to call zerodha support and find out the same.
Thank you,
shafik.
Reply
Nithin Kamath says:

May 24, 2017 at 4:08 pm
Thanks Shafik, adding to our list of things to do.
Reply
897. Awadhesh Kumar says:

May 27, 2017 at 8:24 am
Can we get same intraday leverage (20%) in Bracket Order as we got in Cover Order ?
Reply
Nithin Kamath says:

May 27, 2017 at 4:33 pm
Yes you get it.
Reply
898. Shreedhar Chandra says:

May 27, 2017 at 8:37 am
Although I am new to Zerodha, and just started trading for a week on Kite Platform, I found lot of issues with the platform, which a trader would definitely will not want to see.
1. The charts are not matching with the quotes on the scrip in watchlist.
2. The Span/Margin calculation is not matching with the calculator when we actually trade.
3. The Reporting doesnt provide tradewise brokerage breakdown, but instead only a overall final brokerage applied for that day trades.
4. I cant trade on chart.
5. I Applied for Pi Trader download, its still not activated.
Really do we need to have so much problem trading??
Reply
Nithin Kamath says:

May 27, 2017 at 4:36 pm
1. At the same time there could be multiple ticks happening on the exchange, what chart shows and what marketwatch shows may not be the same. Check this link, very
similar explanation to this query.
2. The calculations can vary by 10%. Exchanges continuously during the day keep changing the margin requirements, so not possible for this to match exactly.
3. Yes, this is coming in the new release of our reporting tool.
4. It is available on Pi. You can send an email to support@zerodha.com, if Pi still not activated.
Reply
899. Bala says:

June 4, 2017 at 11:24 pm
Hi,
I need to get BO activated on my zerodha trader(nest) my ID is DB1677, I have been using them in PI and kite. Please advise
Reply
Akshay.A says:
June 5, 2017 at 12:51 pm
It has been enabled on NEST as well. Also, best to write account specific requests to support@zerodha.com
Reply
900. Ganesh says:

June 8, 2017 at 5:30 pm
You saying for long time bracket order for commodities, but you are not bringing it. You are bringing other studies etc but not this? Is that not high priority as everyone
demands it. Is there anything stopping or any real reasons?
Reply
Nithin Kamath says:

June 8, 2017 at 8:51 pm
We havent yet got exchange approvals for this.
Reply
Ganesh says:
June 12, 2017 at 5:06 pm
Thanks for your reply.
Reply
901. Ashwin says:

June 10, 2017 at 10:51 am
I am a bit confused with the stop loss concept. While buying a scrip, say, CMP 100 TGT 110 SL 98, I want to know whether the stop loss is set based on the trigger of the spot
price reaching the stop loss price of 98. i.e. is it possible for the price to move from 100-99-97-96, without touching the trigger price and thus skipping the stop loss price and
thereby ending in a much larger loss if we are leaving the terminal unattended. Is such a scenario possible? Or are we already having an order placed at 98 and thereby there is
no chance the price goes past it without execution of my stop loss order.
Reply
Ashwin says:
June 10, 2017 at 11:34 am
Ok i did some reading and got to know some more regarding the stop loss order. Please help me by letting know whether my understanding is correct considering the
example of buying.
The stop loss price is always a trigger price and if the spot touches it or goes below then the stop loss order is triggered and sent to the exchange. But that does not
ensure that the loss will be stopped. There will be two scenarios:
1. If I had placed the SL order as a part of a bracket order then there is a chance that the order might remain as a pending order, in other words, the sl order in BO is a
limit order.
2. If I had placed the SL order as a part of cover order then my SL gets executed at market price as soon as the spot touches or goes below the trigger price. That means
there is a 100% chance for the loss to be limited.
So this means that the stop loss in CO gives me a definite way of limiting my losses and hence can we say that CO is better than BO when it comes to protecting our
capital from losses ?
Reply
Nithin Kamath says:

June 10, 2017 at 2:28 pm
1. No, SL order in Brackets are SL-M, so they will always execute. But not at the exact price, since it is market.
2. Yep, both CO/BO work same way.
Reply
Nithin Kamath says:

June 10, 2017 at 2:26 pm
As soon as LTP hits the trigger or goes lower, stoploss order is fired. In your case a market sell order. The only time it cannot go through is if there was no liquidity at all
after hitting your trigger. So goes below 98, but no buyers to sell, then order becomes pending.
Reply
Ashwin says:
June 10, 2017 at 6:45 pm
Thanks for that information.
Reply
902. Ganesh says:

June 13, 2017 at 3:02 pm
You are telling MCX is not approving BO. Can you provide little higher leverage as other brokers are providing. SO the leverage provided is very less.
Reply
903. Ankit says:

June 13, 2017 at 6:34 pm
Hello sir,
For some time a question raising in my my about leaverage in BO AND CO
Sir what is the maximum limit for a trading account for which a broker can provide learage
I mean consider this hypothical situation suppose
Trader a has 10 crore, 100 crore ,even 1000 crore in trading account and he want to put all this money in a particular trade for intraday purpose using BO OR CO as order type
so would you provide him leaverage 20X as per BO OR CO
Sir i just want to know what is the limit for a broker to handle this trade And how things works from brokers perspective.WHAT IS THE max possible amount a broker can leaver
in india right now.
Reply
Nithin Kamath says:

June 13, 2017 at 6:41 pm
Ankit, when a broker allows intraday leverage, there is his capital also getting blocked. What is the maximum leverage will depend on the broker you are trading with. If
you come to Zerodha with Rs 10 crores and you take positions for Rs 30 crores for intraday we will happily provide. If you come with Rs100 crore and want to take
intraday leverage of Rs 300 crores, we will not be able to. The risks wouldnt make sense for us.
Reply
Ankit says:
June 14, 2017 at 7:11 pm
Thanks for reply sir

But as you said what kind of risk associated with this kind of trade if someone want to take possition for 300 crore while having 100 crore in his account. After all if
losses incurred that will suffer to his basic 100 crore not from brokers capital till there is compulsory stop loss in place. I think there nothing to loss for a broker or
there is . Pls correct me sir if i am getting it wrong.
Reply
Nithin Kamath says:

June 14, 2017 at 7:13 pm
In a leverage trade, there is always risk. Do you remember when Satyam fell 70% in few minutes.
Reply
904. Ankit says:

June 14, 2017 at 7:25 pm
Ooh i forget to mentioned in above query i am a zerodha client and very happy with you guys. You dont know how you give me many answer about what will be my future but
now picture is quite clear and all of this due to you.
I also experienced a disturbing thing with you but its OK as my prefer broker your team did a lot for me or for others like me so its worth for me
But if you like to know what was the reason i was angry due to you few days back i can share you that stuff may be this is a good thing to do for you to stay at top in this cut
throat competition.
so would you like to hear nithin sir?????????
Reply
Nithin Kamath says:

June 14, 2017 at 7:43 pm
Sure Ankit, you can email me on nithin@zerodha.com
Reply
905. Ravi Prakash says:

June 16, 2017 at 3:31 pm
In Bracket order i buy and if SL hits then selling will be at market price?
Reply
Venu says:
June 16, 2017 at 7:34 pm
Yes, theyre all SL-M orders.
Reply
906. Chandrasekaran says:

June 18, 2017 at 12:56 am
Sir,
Please clarify the following. Suppose Nifty is trading at 9500. I expect it will go to 9800, if it crosses 9600. Can I use bracket order for buying at 9600 with target of 9650 and
stop loss of 9580. ? If not what order should I use ?
Reply
Nithin Kamath says:

June 19, 2017 at 9:52 am
Not possible using bracket. You can use NRML SL orders for this. So open SL-M buy order with product NRML. Mention trigger as 9600. So it will get bought once price is
above 9600. Check the video on stoploss orders here.
Reply
907. Avirat says:

June 18, 2017 at 10:59 am
Hello Sir,
Can you please make trailing stoploss limit less than 1 Rs ,because as i am student and new in this field i prefer taking profits of 0.3 to 0.5 per share, if there is stoploss i can
surely increase my profit with surity and safety .
Hoping for postive update
Thank you
Reply
Nithin Kamath says:

June 19, 2017 at 10:06 am
Avirat, allowing smaller trailing SL means order getting modified every few seconds. Not really possible to support now.
Reply
908. Suriya says:

June 22, 2017 at 12:57 am
Dear sir,
If i want to buy 400 lots of Nifty futures,that is 30000 , but the current limit is set as 5000 per order. I have to put orders 6 times and then take profit also 6 times and SL
also 6 times Does Zerodha have something to buy or sell 400 lots that is an execution algo that will split this 30000 into 6 or 10 orders automatically ? Earlier i think Nest i3
was there , but currently any way is it possible to buy huge quantities of nifty futures ?
Thanks, Surya
Reply
Nithin Kamath says:

June 22, 2017 at 12:21 pm
Hmm.. no other way currently.
Reply
Suriya says:
June 24, 2017 at 3:41 pm
Dear sir,
Thanks for the reply. Is Nest i3 still there ? Is there any chance for a client to buy/use Nest i3 ?
I saw somewhere that they have stopped i3.
Thanks, Suriya
Reply
Nithin Kamath says:

June 25, 2017 at 11:52 am
Nest i3 is discontinued.
Reply
909. P.Deshpande says:

June 22, 2017 at 12:05 pm
Hi Zerodha,
I am facing problems in BO that.. when order is executed it goes into many segments (8/10/or more) for modification of order such as target change or stop loss change we
have to exercise for every segment (in Kite). Is it possible in a single command to exercise?
Secondly in CO .After executed can we give command for limit order? otherwise we have to constantly watch market which may not be possible for job holders
Reply
Nithin Kamath says:

June 22, 2017 at 1:14 pm
Unfortunately both not possible currently.
Reply
910. Aishwarya says:

June 23, 2017 at 12:07 pm
Hello support team,

1) What is the minimum target we can have in Bracket order?? Can I have 0.2 points as well??
2) I want to sell a particular scrip which is trading at 295.35 but in BO, the sell price is showing as 295.15. How do I go about it??
Thanks in advance.
Regards,
Aishwarya
Reply
Nithin Kamath says:

June 23, 2017 at 11:28 pm
1. Yes, you can have.

2. hmm.. didnt get your question.
Reply
911. ZE5172 says:

June 23, 2017 at 10:16 pm
hello sir, in bracket order for futures trading does it square off within the day?
in one of the symbol of nfo in bracket order its showing leverage is infinity x and margin required 0 then how many lots can i buy so what is this an error in calculator where
bracket order doesnt work a but its showing in f&o calculator margin and exposure margin so i confused does it give in bracket order unlimited margin?
and when trading in futures using bracket order what should be the expiry date and if the date is already passed away then next month date to take or the previous one still
work till the month end (sorry for this question i became really confused in this one after seeing a youtube video where the youtuber was trading on already passed away date
for futures) ???
Reply
Nithin Kamath says:

June 23, 2017 at 11:36 pm
Yes brackets are only for intraday. If leverage is showing infinity, I am guessing something wrong with the calculator. Having this checked. As a ballpark, you can assume
that whatever NRML margin, 25% of that is required for BO. Expiry date will be preselected based on the contract you wish to trade. You cant trade a contract that has
expired.
Reply
912. amol sapkal says:

June 24, 2017 at 8:45 pm
hello sir,
if possible can you make all your zerodha videos that are available in english, in a simple hindi language as well for easy understanding.. though they are easy to understand
in english.
Reply
913. Dr.Nagaraj says:

June 25, 2017 at 10:08 am
Sir,
Is this facility there in Zerodha: Trade Tiger (Advanced) Bracket Orders, allowing bracket orders with trigger price entry?
With regards,
Reply
Nithin Kamath says:

June 25, 2017 at 12:13 pm
Not currently.
Reply
Padam says:
July 9, 2017 at 10:28 am
Hi Nitin,
We need BO entry at Trigger Price. Missing out lot of opportunities and incurring losses due to non-availability of the feature.
Please consider as urgent issue. We have been demanding this for long.
Regards
Padam,
Reply
914. Aadiethya says:

June 25, 2017 at 1:32 pm
Dear Sir,
I am user of Zerodha Kite for regular trading. Want to learn about F & O and really like to trade in BO mode as a small trader. Can you please guide or advice is there a platform
for dummy trading purpose? So that User can put the Order and understand mechanism of BO trade in particular segments.
Please revert.
Thank you.
Aadiethya
9822669976
Reply
Nithin Kamath says:

June 25, 2017 at 5:24 pm
Currently no demo platform as such.
Reply
915. Vishnu says:

June 27, 2017 at 10:24 am
Hi nithin,
Why you people not introduced BO option i.e trialing stop loss for Stock futures with Normal option.
If we place target price and stop loss along with trailing stop loss while buying Stock futures with NRML option. It would be better to us to get the max profit in few days.
Is there any technical concerns are there?. your answer will be highly appreciated.
Thanks,
Vishnu
Reply
Nithin Kamath says:

June 27, 2017 at 11:45 am
Yes technical limitation as all pending orders get cancelled by exchanges end of every day.
Reply
916. Vijay Vishwakarma says:

June 28, 2017 at 6:29 pm
Dear Nitin
There is no any sound alert or pop up alert in scanner in pi .
I Think it is better if only those stocks should be shown under scanner whose criteria is matched with the script given
in scanner to scan this will help immensely to scan multiple stocks.
Thanks
Reply
917. singh says:

June 29, 2017 at 1:34 pm
i have excuted a cover order and now it want to close this executed cover order at 13.00 pm.please guide me
Reply
Nithin Kamath says:

June 29, 2017 at 1:53 pm
Check the cover order video here
Reply
918. Dr.Nagaraj says:

June 29, 2017 at 3:25 pm
Sir,
In Bracket Orders, what is the word Margin stand for, and what is its significance?
Thank you in advance,
Reply
Nithin Kamath says:

June 29, 2017 at 5:05 pm
hmm margin is money required to trade a particular stock.
Reply
Dr.Nagaraj says:
June 29, 2017 at 10:05 pm
Thank you,
Reply
919. ZE5172 says:

June 30, 2017 at 12:11 pm
hi sir, i wanna purchase tata steel in futures for july segment but in this i dont wanna wait for expiry intraday trading using bracket order so here is the confusion i calculated
the lot in bracket order in the nfo so the amount i should have should be the margin required 18,964 or 40% of the margin required as its in intraday trade
also will i be charged extra if i m selling the future on intraday basis rather then waiting for expiry
Reply
Nithin Kamath says:

June 30, 2017 at 7:31 pm
Bracket order only allowed for intraday. If you want to hold till expiry, you have to buy using product type as NRML. No extra charges for intraday.
Reply
ZE5172 says:
June 30, 2017 at 9:58 pm
thanks sir for answer, sorry but i have not properly asked the question
1.when calculated using f&o calculator Span

Rs: 21,518
Exposure margin
Rs: 8,639
Total margin ?
Rs: 30,157
so in this should i calculate on total Margin 40% for intraday trade or the total Margin here is Money i should have as balance
2.when using bracket or cover order in futures then

Actual value
Rs 1,76,700
Margin required
Rs 20,717
Leverage
8.5x
so here should i have Margin required in balance needed to trade or here also i will get 40% to Margin required??
3. yes here i know its intraday it will square-off but can i convert it into cnc ,if loss is there or is there is no possibility to convert intraday futures brought into cnc or
carry forward it to next day even if there can be balance to convert little shares into carry forward atleast till expiry?
4. difference between 1 and 2 method which is more profitable when doing intraday trade and in both method which is the balance amount i should have?
sorry i know this question is still basic i did read previous comments too but i m still getting confused
Reply
Nithin Kamath says:

June 30, 2017 at 11:49 pm
1. If you are using NRML and want to hold till expiry, you need entire 30k. If you want to do intraday using MIS, then 40% of this.
2. you will need Rs 20k
3. BO&CO cant be converted. You will have to exit them and buy again as NRML(cnc is for equity).
4. BO& CO are higher leverage. But higher leverage is not necessarily good.
Reply
920. aaa aaa says:

July 4, 2017 at 10:46 am
Hi,
If a buy bo is successful with buy, both sl and limit sell are placed. Now can I change the limit sell to market either in kite or pi? I tried
Reply
Nithin Kamath says:
July 4, 2017 at 7:20 pm
Yes, if you change the limit price to a limit price higher than the market price, it automatically becomes a market buy order.
Reply
venkat says:
July 4, 2017 at 8:37 pm
no, I am not talking about the 1st buy ordr. after the buy is executed, there will be a sell order to be executed. how can I make this sell order a market order. your
logic is working for the initial buy order.
Reply
Nithin Kamath says:

July 4, 2017 at 10:46 pm
It works the same way. Change the limit of your pending sell order to less than the current market price. It will become a market sell order.
Reply
921. Atul Pandure says:

July 4, 2017 at 9:55 pm
Hello Sir,
Recently BO for BN options are not working, when you are planning to start BO for BN options
Reply
Nithin Kamath says:

July 4, 2017 at 10:48 pm
BN options are highly volatile, it is a risk for us to offer BO on it. So we have stopped.
Reply
922. Danny! says:

July 11, 2017 at 11:42 am
Is CO and BO available on Kite android app? Are there any restrictions to the number of lots to trade on CO and BO ?
Reply
Nithin Kamath says:

July 11, 2017 at 3:05 pm
Yes they are available. No restrictions on lots just for these order types.
Reply
923. Abhay says:

July 12, 2017 at 1:23 pm
In a bracket order, is it possible to execute the second order at different rates (i.e. sell/buy partially).
e.g. If i placed a buy bracket order on 100 shares@ Rs. 10 each, with profit order of Rs 12 & stop loss of Rs 9.
Is it possible to sell 50 shares @ Rs 11 & remaining 50 shares @ Rs 12?
Can it be done by modifying the order after the buy is executed?
Reply
siva says:
July 12, 2017 at 2:11 pm
This is not possible while initiating the trade but is totally dependent on the number of orders main/parent/first leg is traded. It could be traded at one shot or in 5 or in
any different orders. If it is traded in one shot then one corresponding target and one corresponding stoploss will be placed in to the system, then for one target limit we
cant have two different prices unless corresponding single target also got executed partially and then we managed to change the price for remaining quantity. But if parent
leg got traded multiple times then multiple corresponding target legs will be sent to the system and only in this case one can change the target price manually again for
each target leg. If still you need any further clarification on this I recommend you to call 080-40402020.
Reply
924. Hemanth Roy M V says:

July 12, 2017 at 9:41 pm
In BO the Absolute Trailing SL is confusing

if trading in stock worth 1000+ for eg. Reliance or Infy a SL of 10 and TGT of 20 with a trail of 2 or whatever is ok
But what of stocks worth below 100.

what does a trail of 1 mean on a stock trading at 60 or 70 mean
we are playing for 10 paisa with 20000 shares here
Regards
Hemanth
Reply
Nithin Kamath says:

July 12, 2017 at 11:04 pm
Yes Hemanth, the minimum trail of 1 point, makes it tougher to trade on smaller value stocks. Best to not have trail at all and just use brackets on such stocks. Suggest
you to go through this playlist.
Reply
925. Hemanth Roy M V says:

July 12, 2017 at 9:46 pm
Also this format of z-connect is uncomfortable

we cant find our own queries let alone any replies
the standard bulletin board format is well known since ages
Reply
926. DEEPAK says:

July 13, 2017 at 11:10 am
My account value is 20,000 and I use BO leverage given in intraday and do multiple trades for around 20lakhs or more depending on available margin. Other than my realized
profit or loss (which automatically gets reduced/added to account value and usual brokerage/stt/gst/transaction/stamp duty/sebi charges do I need to pay any other charges?
For an account value of 20,000 and trade of over 20 lakhs,my maximum payable charges will not exceed my account value for the day? Are there any risk of me losing more
than 20,000 in the above case for a single day?
Reply
Nithin Kamath says:

July 13, 2017 at 11:58 am
If you make profits, you have to pay income tax at end of the year. Check this module: https://zerodha.com/varsity/module/markets-and-taxation/. Yes there is risk to
lose more, if the stocks suddenly falls/goes up causing a loss of more than 20000 (trigger doesnt hit because it fell fast).
Reply
DEEPAK says:
July 13, 2017 at 12:59 pm
In that case of a sudden fall, do RMS takes charge and square off? I am new to ZERODHA and also for trading and I came across RMS of yours in some article,
wherein it squares off a position if the loss percentage hits more than 60 or 70% of the account value in intraday equity trading? So for the given example of 20,000
rs account value,if my trade position get me a loss of upwards Rs.14,000, will my position be squared off by RMS itself and save me from further loss which I cannot
afford?
Reply
Nithin Kamath says:

July 14, 2017 at 12:23 am
Yes it will be squared off, but it is also possible that markets moves fast so RMS doesnt get time to square off.
Reply
DEEPAK says:
July 14, 2017 at 7:30 am
Thanks Nithin, I am using ZERODHA for past 1 month and learning to trade-till now I am so happy with the platform and the support ZERODHA provides
that I even recommended one of my friends to use the platform. I have one final question. Are there any interest on the leverage amount that I use for
Intraday equity trade?
Reply
Nithin Kamath says:

July 14, 2017 at 2:44 pm
Thanks and no interest on intraday leverage.
Reply
927. Kshitij Agrawal says:

July 13, 2017 at 11:47 am
What are the shares available for bracket order , because I have seen that no of shares are not available for bracket order , what are these shares and why they are not
available for bracket order.?
Reply
928. viveksah says:

July 13, 2017 at 3:51 pm
If I am holding a F&O position of 1 lot which is currently trading at 300/- per share and would like to place a bracket order how do I go about it, each time I try I get an error.
Basically, I would like to sell the lot for Rs. 325 and if it falls then I would like to have a trailing stop loss of 275. Can you advise how the same can be placed in bracket order?
Reply
Nithin Kamath says:

July 14, 2017 at 12:31 am
If you are already holding a F&O position, you cant set bracket for it. Bracket orders are a separate intraday product type. While buying/shorting itself you need to choose
bracket order. Check the video on brackets here.
Reply
929. Mehander Singh says:

July 13, 2017 at 8:17 pm
Hello Sir, Zerodha kite platform is good and easy. But one thing which make it more easy that is target price option. I think you should place an option of target price in MIS
orders directly. It will be easy for us to take profit in auto manner rather than doing it manually. Hope you would like my suggestion, because this things works awesome in MT5
and forex trading. Thank you
Reply
930. Brahmareddy says:

July 15, 2017 at 2:37 pm
I didnt understand any thing. will you explain again
Reply
931. Yugesh Mathur says:

July 15, 2017 at 3:00 pm
Hi,
I would like to know if I can punch Buy and Sell Order at the same time using BO facility and will these orders be treated as two different orders.
Thanks,
Yugesh
Reply
932. Joy says:

July 16, 2017 at 10:49 am
I saw the limit cover order is not allowed in Kite. I contacted support team. They said, that limit cover order is only allowed in PI, Isnt it strange disappointing?
I dont understand why Kite user will not get limit cover order
Please get this enabled in Kite also
Thanks
Joy
Reply
933. Mukesh says:

July 16, 2017 at 4:06 pm
I am using kite mobile and web to place orders. The query I have is
when does the trailing stop loss kick in? Is it when the target has been achieved or as soon as the market moves in our direction?
For e.g- Lets say I buy bank nifty futures at 29000. I am ready to take a hit of 20 points on the position. However I am looking only for 10 points profit. So in a bracket order I
put limit price as 29000, target price -29010, stop loss -20 and trailing stop loss -20. What happens in the following cases-
1. The price moves to 29005. What is the SL now? Is it 28985?
2. Post this move it goes back to 28985. IS the SL triggered now?
3. Another scenario- the price moves to 29010. Does the market order trigger as target price achieved or does it mean that the SL has moved to 28995?
4. when does the trailing sl trigger, when the price movement happens in my direction or when the target price is achieved?
An early reply will be really appreciated. Thanks much.
Reply
Nithin Kamath says:

July 16, 2017 at 9:46 pm
Have you checked the Kite bracket order video? Check this. All values target, SL and trail has to be put as points.
If you put trail as 20 points, market has to move 20 points for SL to move up. Since in your case target is 10 points up, the trail will never get activated. So assuming your
target was 29050. If market moved to 29020, SL would have moved from 28980 to 29000.
Reply
Mukesh says:
July 17, 2017 at 7:55 pm
Thanks Nithin. I understand the concept much better now. Just a query- Can we change the Trailing stop loss after the order is completed?
I understand you cant increase the stop loss as the RMS wont allow it. However can you increase it. Just trying to find a work around for achieving trailing in BO.
lets say I have tgt of 10 points, but if market is behaving I would want to trail by 2 points. In order to achieve this-
Let say BNF is at 25000. I want to scalp 10 points of it. However, if there is a run, I dont want to miss it either. ANd I can take a loss of 20 points.
So I set the play as BO-

Limit price- 25000 , TGT price-100 points ( assuming at one go it can fly 100 points, however I am happy to get 10 points too), SL- 20, TSL= 12, So the trail begins
only when it has moved to my internal tgt+ TSL that I want.
In this case if there is price fall, then the SL gets activated. However, if I achieve my internal tgt of 10 points + mt TSL i.e. 25012, the SL will be 24992.
Now when this happens I go back and change the TSL to 2 points so after next movement to 25014 the SL is set to 25012.
Is this a valid scenario ?
Reply
Hanan says:
July 18, 2017 at 10:49 am
The bracket order functionality doesnt allow you to modify a bracket order which is already in play. You enter the position predetermined of what your actions
will be if an event happens so this cant be changed. Youll have to either exit the order and re enter or use Kite Connect to code something that will work in the
way you want it to. Check out https://kite.trade for more info.
Reply
Post a comment
Name (required)
Mail (will not be published) (required)
Comment
Copyright 2017 Z-Connect by Zerodha

Bracket Orders &amp; Trailing Stoploss (SL) Z-Connect by Zerodha

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Bracket Orders &amp; Trailing Stoploss (SL) Z-Connect by Zerodha

Uploaded by

Copyright:

Available Formats

0% brokerage on zerodha.

Bracket Orders & Trailing Stoploss (SL)

Important things to know

Buy Bracket Order Entry : Shift + F3

Sell Bracket Order Entry: Shift + F4

Or right click on the scrip to choose Bracket Order Entry

Flow: Order Placement & Execution

Step 2: Place a Target/Square off by choosing either Ticks or Absolute

Order Placement BO using Ticks

An example below on using BO with the absolute option, shorting at 6842:

Order Placement BO Using absolute

Modifying & Exiting a Bracket Order

Minimum Trailing SL for your Target

Equity F&O Currency

Absolute : 1 or Ticks 20 Absolute : 1 or Ticks 20 Absolute : 0.0500 or Ticks 20

Check out the Margin Calculator for Bracket/Cover orders.

*Bracket orders shouldnt be used in pre-market open, between 9 am to 9.15 am

*Bracket orders cannot be placed/modified by the dealers at Zerodha.

Does Same apply for option writing

Nithin Kamath says:

Is trailing Stop loss available in mobile trading platform?

Nithin Kamath says:

mahesh inani says:

SATYAJIT BEHERA says:

Nithin Kamath says:

SATYAJIT BEHERA says:

Nithin Kamath says:

No call n trade for now. Will take a bit to get it live.

Keshava naik m says:

sandeep das says:

when we will get this feature in bo?any tentative time?

Nithin Kamath says:

It might take a bit, no dates as such.

Nithin Kamath says:

No, entry using SL for bracket still not allowed.

Nithin Kamath says:

Yes you can.

Nithin Kamath says:

Kamlesh Uttam says:

Kamlesh Uttam says:

Nithin Kamath says:

Nithin Kamath says:

Trailing stop loss available for web and mobile platforms?

Nithin Kamath says:

No adi, these are algorithms and available only on desktop versions.

Nithin Kamath says:

Yep, the in-house mobile apps are on the way.

Thanks for the update

Manoj Bagul says:

Venu Madhav says:

Nithin Kamath says:

Need clarification is bracket order is enabled for commodity trading?

Nithin Kamath says:

GOURAV JAIN says:

Nithin Kamath says:

No Gourav, not yet.

Nithin Kamath says:

hi nithin when will ncdex get started on zerodha long overdue,

Nithin Kamath says:

Exchanges havent given approval.

Nithin Kamath says:

Currently bulk orders for brackets is not possible.

Sanjay Kumar saini says:

Dear Nithin sir,

Bracket Orders & Trailing Stoploss (SL) Z-Connect by Zerodha

Bracket Orders & Trailing Stoploss (SL) Z-Connect by Zerodha