If you have no idea about how to Buy Shares in Zerodha for Intraday, then let’s get that query solved in this quick review. First of all, we assume that you have an active demat and trading account with Zerodha.
For intraday trading, you need to perform the technical analysis of the stock that you are interested in. This includes looking at the price trend of the stock along with the usage of a few technical indicators or simply performing a price action strategy, depending on your analysis style.
Zerodha Technical Analysis
For you to Buy Shares in Zerodha for Intraday, the Kite mobile app (and the rest trading apps of this stockbroker) provide you with a few analysis features such as:
- Click on the Technicals section under the stock detail pop up. This is available at the bottom part of the screen.
- Zerodha has a partnership with Streak where the latter shows different aspects for short-term trading decision-making process such as:
- Bearish/Bullish inclination of the stock across different time horizons
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- Ratings of different technical indicators such as RSI, EMA, MACD, CCI etc
- Different moving averages of the price trend of the stock across different time horizons
- Various Buy/Sell strategies of the stock based on the observations based on what different technical indicators have to say about the price trend.
- You can always go to the Chart of the stock where different features are waiting for you. These features include:
- Technical indicators
- Chart Types
- Views
- Time Horizons
How to Buy Shares in Intraday trading in Zerodha?
Once you are done analyzing the price trend of the stock, you can simply go back to the Buy button (or simply press ‘B’ on top of the chart you are looking at.
Here you’d need to enter different values based on your preference, however, there is one thing that you need to take care of while selecting the order type. That must be ‘Intraday’ i.e. MIS or Margin Intraday Square off ONLY.
This is how the screen looks like:
The rest of the fields that you need to take care of include:
- Index
- NSE
- BSE
- Order Type
- Regular
- Cover
- AMO
- Quantity
- Price
- Product
- Intraday or MIS (Margin Intraday Square off): Choose this one
- Long Term or CNC (Cash and Carry)
- Type
- Market
- Limit
- SL or Stop Loss
- SL-M (Stop Loss Market)
- GTT (Good Till Trigger)
- Set Stoploss
- Set Target
- Order Validity
- Day
- IOC (Immediate or Cancel)
- Disclosed Quantity
Once you have entered the values of the above-mentioned fields, then you must click on the ‘Swipe to Buy’ button (again, remember to choose the Product type as ‘Intraday’ or MIS). This selection will help you to Buy Shares in Zerodha for Intraday.
To take an early position in the market for intraday trading, you can choose to place AMO order in Zerodha.
Also, you can modify order in Zerodha until it is not executed.
We hope that we were able to solve your queries around How to Buy Shares in Zerodha for Intraday. If you still would like to learn more and talk to us, feel free to share your details in the form below and the Share Jawab team will get back to you:
