How to use the basket order feature on Kite app?

To create a basket order on Kite app, follow these steps:

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.

Execution: Once a basket is executed, the orders are placed in the sequence as listed in the basket. To check the status of all the individual orders within the basket, review the Kite order book. This will enable the client to determine if the orders have been placed, executed, or rejected.

Margins: Required margin is the amount required to place all the orders in the basket.

The final margin is the amount that will be blocked in the trading account after the order execution.

The required margin will differ based on the sequence of the individual orders, while the final margin will be the same. For the same Nifty spread example above, check how the required margin changes by rearranging the orders. Hence, it is better always to place the buy option orders first to lower the required margin when entering an F&O strategy. This sequence of orders will make no difference when trading stocks.

Duplicate option to get over the order freeze or quantity limit

Per-order maximum limits are set when trading stocks and F&O called Freeze quantity. Multiple orders must be placed to execute orders larger than the freeze quantity. This can be done easily with baskets, especially using the clone order function.

Tap on the order and select Clone to duplicate an order.

Edit Basket / Delete basket

Tap on the basket and then on Edit to edit or delete orders or the basket.

In the edit option, orders can also be rearranged.

Replacing a rejected order

Assume a few orders from the basket get rejected.

Edit the order and execute them manually from the basket order window.

To learn more about placing basket orders on Kite web, see How to place basket orders on Kite?

Did you know?

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