How to place basket orders on Kite? (2024)

FAQs

How to place basket orders on Kite? ›

Understanding the concept of basket orders

This strategy streamlines trading, enabling investors to manage diverse portfolios or execute complex strategies more efficiently. With a basket order, you can execute multiple orders, including after-market orders, simultaneously with just one click.

Understanding the concept of basket orders

This strategy streamlines trading, enabling investors to manage diverse portfolios or execute complex strategies more efficiently. With a basket order, you can execute multiple orders, including after-market orders, simultaneously with just one click.

To access the Bulk Order tool, log into your Zerodha account, click 'Trade' > 'Intraday' > 'Bulk Orders'. From here, you can enter the details of your orders, such as order type, quantity, price and more. Once you have entered all the data, click 'Save' and your orders will be placed.

Basket orders execute multiple trades in these securities simultaneously, often requiring a program that executes all the trades at once. Because of the program element, baskets are commonly a part of program trading strategies.

Example. Imagine an investor in India who wants to diversify their portfolio by investing in a basket option. He/she purchases an option with stocks from various sectors, such as technology, healthcare, and finance. The investor believes the technology sector will experience significant growth.

A basket trade is a portfolio management strategy used by institutional investors to purchase or sell a large number of securities at the same time. A basket trade typically involves the sale or purchase of 15 or more securities and is generally used to purchase stocks.

Basket Order is the functionality provided by ICICIdirect for placing multiple orders at the same time or in a single click of a button.

Basket options are usually priced using an appropriate industry-standard model (such as Black–Scholes) for each individual basket component, and a matrix of correlation coefficients applied to the underlying stochastic drivers for the various models.

However, if there are 2 buy orders in equity and 2 in the F&O segment then you need to create two different baskets. Here are some more features of basket order in Zerodha: A single basket can hold a maximum of 20 orders. There is a limit of 50 baskets that can be made.

What is the difference between iceberg order and basket order? ›

While a basket order is used for placing multiple orders at once, an iceberg order is used for splitting a large order into smaller pieces to conceal its full size. In Zerodha, traders can place both basket orders and iceberg orders, and the process of placing these orders is different.

With Iceberg orders, an order to buy 10000 or 200 lots of Nifty or more can be placed at the same time. This will not only mean not having to place multiple orders in case of a large order but also help reduce impact costs. Freeze quantity limits can be checked under Volume Freeze Quantity on the NSE website (WEB).

Which order types are allowed within the basket? Order types available within the basket are: Limit Order and Market Order. Delivery, Margin, Carryforward, and Intraday.

Basket order allow you to place multiple buy or sell orders for different stocks or securities all at once. Instead of doing each trade separately, you put them together in a 'basket' and execute them together. This saves time, especially for investors managing multiple investments or traders using various strategies.

A basket order is an order type or a feature which facilitates placing multiple orders in one go. This helps you take timely advantage of market movements, reduces time spent on order execution, and avoids slippages. In its simplest form, a basket order is like a shopping cart.

Basket trading is a unique investment approach that enables an investor to trade a diversified group of securities in a single transaction. This method offers a distinct balance between managing individual securities and broad-based funds, providing flexibility to align investments with specific strategies.