How to place basket orders on Kite?

A basket order allows a client to place multiple orders at the same time. The baskets can be saved on Kite to be used anytime in the future. To place a basket order, follow these steps:

Kite app

1. Tap on Orders.
2. Tap on Baskets.
3. Tap on + New basket.
4. Enter the name of the basket.
5. Tap on search and add the orders.
6. Swipe on Execute.
   

Kite web

1. Click on Orders.
2. Click on Baskets.
3. Click on New basket.
4. Enter the name of the basket.
5. Search and add instruments.
6. Click on Execute.

Margins

Required margin displays the margin that is required to place all the orders in the basket.
Final margin displays the eventual margin that will be blocked in the Zerodha account after the order execution.

Individual orders can be deleted, duplicated, or edited by hovering over them. Additionally, the order sequence can be changed by dragging and dropping. The required margin will be different based on the sequence of the individual orders, while the final margin will be the same. For F&O strategies, placing buy option orders before future or short/writing option orders is advisable. By doing so, the F&O strategy will be executed with the least margin requirement, as displayed below:

The sequence of orders is not significant when placing an equity basket order or when adequate margins are available for placing individual orders.

To include open positions that are not part of the basket and check margin requirements, select the Include existing positions option. However, this option may display a required margin of 0 even when the margin is required to place the order. This is because an order in the basket might reduce the overall margin while still requiring a margin for placement. If this is confusing, it is better to disable the option.

Execution

Duplicate option to get over the order freeze or quantity limit

Maximum limits are set per order when trading stocks and F&O. If orders exceed these limits, they must be placed multiple times. Baskets make this process easy, especially with the duplicate order function.

Replacing a rejected order

Did you know?

• Up to 20 orders can be included in each basket, and a total of 50 baskets can be generated.
• There are no additional charges for basket orders.