Kite is a next-generation advanced trading application offered by Zerodha in India. It comes in two flavors – website & mobile app, and makes trading super easy and intuitive even for naive users. Zerodha is the fastest growing discount broker in India, valued for its innovative tech offerings. In this post, we’ll learn more about Zerodha Kite, its usage, functionalities, and review.
Zerodha Kite First Look
When you login into Zerodha Kite for the first time, you’ll see a dashboard like below:
Reference : www.zerodha.com
The dashboard contains the summarized information about your available funds and holdings. The left-hand side panel is your watchlist that also can be organized into multiple tabs.
The top left corner contains real-time Nifty and Sensex quotes with percentage change from the previous day. And the top right corner displays your user ID. If you click on the user ID, it will take you to your profile setting page where you can set your profile picture, change the password, and see your account details.
Overall, it is very easy to use interface and pretty much self-explanatory. You would not need any complicated user manuals to get acquainted with Kite UI.
Also Read: How to win Zerodha 60 days Challenge in the first attempt?
Zerodha Kite Login Process
Login to Zerodha Kite from this URL.
You’ll need to enter your User ID, password, and 6-digit pin to login. You’ll get all these details in the welcome email after opening an account with Zerodha.
On the Kite website, you have to enter all these details every time you log in. While in the Kite mobile app, it will prompt you only for the pin after the first successful login.
Once you are successfully logged in, the dashboard page will open by default.
Zerodha Kite Top Features
In terms of features, there is no comparison to Zerodha Kite right now in India. We’ve listed down some of its top features that make this platform unique:
Charting
When you mouse hover on any symbol from your watchlist, you’ll see an option to launch the chart.
By default, a 1 min candlestick chart gets loaded.
There are about 20 different chart styles available which can be accessed from the display tab at the top.
The timeframe can be toggled between 1 minute to 1 month. From the ‘Studies’ tab, you can load technical indicators on the chart. There are about 100 different indicators available out of the box.
The drawing toolbar allows you to draw trendlines, various patterns, and annotations in the chart.
You can also trade directly from the chart using the ‘trade toolbar’. Drag the toolbar up and down to set the price at which you want to trade. Select the product, quantity, and place buy/sell order.
With Zerodha Kite, you can choose among two different charting platforms – ChartIQ and TradingView. ChartIQ was introduced first among the two and is the default platform for all the users. You can switch to TradingView (if required) from your profile settings page.
Personally, we feel both the charting platforms are similar in terms of usage and you can pick one based on your preference.
Portfolio Reporting
You can see your portfolio from the ‘Holdings’ tab at the top. This page will only show your delivery-based stocks and F&O positions.
Reference: www.zerodha.com
From the portfolio page you can:
- Download your holdings in CSV/Excel format
- View your holding period for taxation purposes
- Check sparklines of every stock in your holding to see how it performed over the last 52 weeks
- Exit positions
Fundamentals & Technicals
When you hover over any stock in your watchlist and click on ‘Fundamentals’ or ‘Technicals’ option, you will see an intuitive popup with summarized info about the stock.
The fundamentals popup contains information such as PE ratio, market cap, beta value, dividend yield%, etc.
While the technical popup shows RSI, Moving averages, MACD values along with bullish/bearish indicators based on several technical indicators.
Option Chain
Option chain can be accessed by hovering over the symbol in the watchlist, click More –> Option Chain.
In the option chain, you can see all major strike prices, their call and put LTP and open interests. You can also select the expiry date and find max pain in the same window.
If you hover over any strike price, you will see Buy/Sell buttons that allow you to directly place orders from the option chain.
Market Depth
The market depth gives info on the top 5 bid and ask prices of the stock. You can access it by hovering over the stock symbol in the watchlist and clicking on ‘Market Depth’.
The default depth shown is 5 and can be expanded up to 20. You can click on any price in the market depth and place your order at that price
GTT
GTT stands for ‘Good till Triggered’ and is an innovative feature offered by Zerodha to its customers. Using GTT orders you can:
- Buy a stock for delivery at the desired price. The order remains valid until the trade is executed.
- Place SL and target orders. This works on ‘One cancels Other’ mode by default, which means if the SL condition is met the target order is canceled and vice versa.
You can access it from the ‘Order’ tab in Zerodha Kite.
The GTT trigger remains valid for 1 year from the time it is initiated. That means the GTT conditions are checked in real-time for a period of 1 year, and if the conditions are met the corresponding order is placed.
GTT simplifies trading to a great extent for working professionals as they can now place long term targets and stop loss.
Basket order
Basket order lets you place multiple orders in one click. It’s like a shopping cart experience where you put in items in your cart one by one, and then check out together.
You can access it from the Orders tab in Zerodha Kite.
Basket orders are especially useful for executing multi-leg option strategies. You can add all the options legs to the basket, check the required margin, and click on the Execute button.
Zerodha Kite Mobile App
Kite is also offered as a mobile app for all Zerodha users. You can download the app from below links:
Reference: www.zerodha.com
Once downloaded and installed, the app can be accessed using the same login credentials that you use for the Kite website.
Kite mobile application is very popular owing to its simplicity and user-friendliness. In fact, a significant percentage of Zerodha users only use the app and not the website.
Feature-wise, the app is more or less similar to the website. You’ll see the same menu items organized in a beautiful mobile app.
The app is very lightweight and runs in the background with any considerable memory consumption.
Also Read: The best Automated Trading Softwares in India
Final Thoughts
It’s a known fact that Zerodha has emerged as the best broker in India’s financial market space in the last decade. And it has become the best because of the innovative tech solutions it offers, Kite is one of them
Kite is powerful yet easy to use, such a combination is rare. And it is free to all Zerodha customers. The advent of Kite has put all the traditional trading platforms on the verge of extinction.