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Does Kite allow me to take positions with my unsettled balances?

If you've sold Equity shares from your Demat account (Delivery Sale), you can only take positions for 80% of such sale credit. This is because, 20% margins are applicable on all Equity transactions.

You cannot utilized any gains made from Intraday Equity transactions on T day & T+1 day on account of Equity transactions settling on T+2 day.

Likewise, any intraday gain made from trading Derivatives, will not be allowed to be used on T day and can only be used from the next trading day.