Buy Intraday Shares in Zerodha Kite App

Investing in the stock market can be a thrilling yet challenging endeavor, especially when dealing with intraday trading, which involves buying and selling shares within the same trading day. Zerodha, one of India’s leading discount brokers, offers the Zerodha Kite App, a powerful platform for trading various financial instruments, including intraday shares.

This article will walk you through how to buy intraday shares in Zerodha Kite App, breaking down the process step by step. Whether you are a beginner or an experienced trader, this guide will help you navigate the complexities of intraday trading using Zerodha Kite efficiently.

Intraday Trading in Zerodha App

Intraday trading, also known as day trading, refers to the process of buying and selling financial instruments, primarily stocks, within the same trading day. Unlike traditional investing where positions are held for an extended period, intraday traders aim to profit from short-term price movements, often leveraging tools like technical analysis, market news, and price charts.

For anyone interested in pursuing intraday trading, it is crucial to have access to a reliable trading platform. The Zerodha Kite App is one of the most preferred choices among Indian traders due to its user-friendly interface, wide range of features, and low brokerage costs. However, how to buy intraday shares in Zerodha Kite App might seem complicated at first. This article will simplify the process, ensuring that you can trade with confidence.

Zerodha Kite App

Before delving into how to buy intraday shares in Zerodha Kite App, it’s important to understand the app itself. Zerodha Kite is an online trading platform designed to provide seamless access to stock markets, commodities, mutual funds, and more. Its clean interface and advanced trading tools make it an ideal choice for traders and investors alike. It supports both desktop and mobile versions, ensuring that traders can operate on the go or from the comfort of their homes.

Key Features of Zerodha Kite:

1. Market Watch: Monitor multiple stocks simultaneously.
2. Charts and Indicators: Real-time charts with various indicators for technical analysis.
3. Order Types: Offers various order types, including market, limit, stop loss, and more.
4. Portfolio Tracking: Keep track of all your investments and trades.
5. Trading Across Segments: Trade in stocks, F&O, commodities, and currency markets.

Now that you have a basic understanding of the Zerodha Kite App, let’s move on to how to buy intraday shares in Zerodha Kite App with a step-by-step guide.

Opening an Account with Zerodha

The first and most important step before learning how to buy intraday shares in Zerodha Kite App is opening a trading account with Zerodha. Without a valid account, you won’t be able to access the Zerodha Kite platform or perform any trading activities.

Steps to Open an Account:

1. Visit the Zerodha Website: Head to the Zerodha homepage and click on the ‘Sign Up’ or ‘Open Account’ button.
2. Enter Details: Fill in your basic information such as your name, phone number, and email address.
3. Complete KYC: Upload required documents like PAN card, Aadhaar, and bank details to complete the KYC (Know Your Customer) process.
4. Account Activation: Once the documents are verified, your account will be activated, and you’ll receive login credentials for the Zerodha Kite App.

With your Zerodha account up and running, you are now ready to explore how to buy intraday shares in Zerodha Kite App.

Logging Into the Zerodha Kite App

After your Zerodha account is activated, the next step is to log into the Kite App. Whether you’re using a mobile device or desktop, the login process remains the same.

Steps for Logging In:

1. Download the App: If you’re using a smartphone, download the Zerodha Kite App from the Play Store or App Store. For desktop, visit the official Kite website.
2. Enter Credentials: Use the client ID and password provided by Zerodha during the account opening process. After entering your credentials, you’ll also be prompted to enter a 2FA (Two-Factor Authentication) pin for additional security.
3. Dashboard Access: Once logged in, you’ll be directed to the main dashboard, where you can access various features such as Market Watch, Orders, and Funds.

Now that you’re logged in, we will dive into how to buy intraday shares in Zerodha Kite App and how to set up your trading environment for efficient buying and selling.

Adding Stocks to Market Watch

The Market Watch feature in Zerodha Kite allows you to track and monitor the stocks you’re interested in. Before buying shares, it’s essential to add the desired stock to your Market Watch list.

Steps to Add Stocks to Market Watch:

1. Navigate to Market Watch: Once you’re on the dashboard, click on the ‘Market Watch’ tab.
2. Search for Stocks: In the search bar, type the name or ticker symbol of the stock you want to monitor.
3. Add to Market Watch: Click on the ‘+’ button next to the stock name to add it to your watchlist.
4. Real-Time Monitoring: Now, you can monitor the stock’s live price, change percentage, and volume from the Market Watch section.

Adding stocks to the watchlist is the foundation of how to buy intraday shares in Zerodha Kite App since it helps you stay updated with price movements and market trends.

Placing an Intraday Buy Order

Now comes the most critical part of how to buy intraday shares in Zerodha Kite App: placing the actual buy order for intraday trading.

Steps to Place an Intraday Buy Order:

1. Select the Stock: From your Market Watch, select the stock you want to buy.
2. Click on Buy: A Buy-Sell window will pop up.
3. Choose MIS (Margin Intraday Square-Off): For intraday trades, always select the ‘MIS’ option under product type. This indicates that the position will be squared off within the same trading day.
4. Enter Quantity: Specify the number of shares you want to buy.
5. Order Type: Choose your order type—Market (buy at current price) or Limit (buy at a specific price).
6. Confirm and Place Order: Review the details and click on ‘Buy’ to place the order.

Once you’ve placed your order, the shares will be bought, and the trade will appear under the ‘Orders’ tab. This step is central to how to buy intraday shares in Zerodha Kite App as it directly executes your buy trade.

Monitoring and Modifying Orders

After placing your buy order, you need to monitor it closely. Intraday trading requires quick decisions as market prices fluctuate rapidly. Zerodha Kite provides tools to track your orders in real time.

Steps to Monitor and Modify Orders:

1. Go to Orders Tab: Click on the ‘Orders’ tab to view all the trades placed.
2. Modify or Cancel: If the order hasn’t been executed yet, you can modify or cancel it. To modify, click on ‘Modify’ and adjust the quantity or price.
3. Check Trade Execution: Once the order is executed, it will move from the pending section to the executed section.

Selling Intraday Shares

Selling your shares on the same day is the core of intraday trading. To complete your intraday trade, you need to sell the shares before the market closes.

Steps to Sell Intraday Shares:

1. Go to Holdings or Positions: In the app, click on ‘Positions’ to view the stocks you bought intraday.
2. Select the Stock: Choose the stock you want to sell.
3. Click on Sell: A Sell window will pop up. Select the ‘MIS’ product type.
4. Enter Quantity: Specify how many shares you want to sell (it’s typically all the shares bought for intraday trading).
5. Confirm and Place Order: Review the details and click on ‘Sell’ to place the order.

Selling shares correctly and within the day is critical when learning to do intraday in Zerodha Kite App, as it helps you close positions profitably or minimize losses.

7. Reviewing Your Intraday Trades

Once your intraday trading is complete, it’s important to review your trades to analyze your performance and refine your strategies. Zerodha Kite offers a comprehensive report of all your trades.

Steps to Review Trades:

1. Go to Reports Section: Access the reports section from the dashboard.
2. View Trade Summary: Select the date range to see a summary of all trades, including profits or losses incurred during intraday trades.
3. Analyze Data: Use the data to analyze where you succeeded or could improve.

Conclusion

Intraday trading can be a rewarding endeavor if done correctly, and Zerodha Kite provides all the necessary tools to help you succeed. From adding stocks to Market Watch, placing buy and sell orders, and reviewing your trades, this guide has covered every aspect of how to buy intraday shares in Zerodha Kite App. By following these steps, you’ll be well on your way to becoming a more confident and successful intraday trader.

If you found this guide helpful or have any questions, feel free to leave a comment below! We’d love to hear about your experiences and any tips you have for fellow traders.