Zerodha provides the pre-market order facility to minimise the market volatility and to discover the securities during the opening process of the stock market every day.
Pre-open market session is the period where the trading activities take place just before the regular trading session begins in the stock market.
You can place pre-market orders in Zerodha between 9.00 AM to 9.08 AM only in the Equity segment for both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
You can collect, modify or cancel the order in the first 8 minutes (between 9:00 AM and 9:08 AM). Additionally, you can place either limit or market orders during the order collection window in the pre-market session.
The pre-market order collection window closes at any time between 9:07 AM and 9:08 AM. Once the order collection window closes, orders placed are matched, and trades are confirmed between 9:08 AM to 9:15 AM.
Zerodha Pre-Market Orders Timing
| Transaction | Timing |
| New order, modify or cancel the order | 9:00 AM and 9:08 AM (8 Minutes) |
| Orders matched and trades confirmed | 9.08M to 9.15 AM |
Technically you can place orders only for the first 8 minutes.
How To Place Pre Market Order in Zerodha
To place a pre-market order in Zerodha, you can follow these steps:
Step #1. Login to your Zerodha account using the Kite web or mobile app.
Step #2. If you do not have sufficient funds in your account, firstly you can add funds to your Zerodha account through UPI or net banking or RTGS/NEFT.
Step #3. Go to the “Watchlist” and select the equity stock that you want to trade in.
Step #4. Click on the “Buy/Sell” button.
Step #5. Before the order place, you can check the watchlist for the stock’s buying or selling price. Ensure that there is no significant difference between the market price and your desired price.
Step #6. Select the “Longterm/CNC or Intraday/MIS.”
Step #7. Enter the quantity of shares you want to buy or sell.
Step #8. Enter the price at which you want to buy or sell the shares.
Step #9. Choose the order type as ‘Limit’ or ‘Market’ order.
Step #10. Verify the details and click on the ‘Buy’ or ‘Sell’ button to place the order.
Step #11. To minimize the loss, you can make use of stop loss order.
Step #12. You can also modify or cancel the order before 9:08 AM under the “order” window. To modify or cancel the order, click on the three dots and select modify or cancel the order. Note that you cannot modify or cancel the order between 9:08 AM and 9:15 AM.
Step #13. Go to the “Positions” window to check if your order has been placed or not. You can check your order status between 9:08 AM to 9:5 AM.
Step #14. If your order is not executed between 9:08 AM to 9:15 AM, then you can execute your order by opening your orders after 9:15 AM.
You can also get the leverage up to 5 times (20% margin) in Zerodha for equity intraday using the product MIS and CO.
Zerodha Pre Market Order Charges
Zerodha charges brokerage fees based on the execution of your trade. Zerodha provides the pre-market order facility only to equity cash segments. You can use the pre-market order facility to place trades either for equity delivery or intraday trading.
| Segments | Pre Market Order Charges |
| Equity Delivery | Zero |
| Equity Intraday | 0.03% or Rs. 20 per trade whichever is lower |
Conclusion
If you have any questions regarding how to place pre-market orders in Zerodha, let me know in the comment section below.
FAQs
Zerodha charges zero brokerage fees for pre-market orders in the Equity Delivery segment and 0.03% or Rs. 20 per trade (whichever is lower) in the Equity Intraday segment.
Yes, you can modify or cancel the pre-market order before 9:08 AM under the “order” window. To modify or cancel the order, click on the three dots and select modify or cancel the order. Note that you cannot modify or cancel the order between 9:08 AM and 9:15 AM.
You can place pre-market orders in Zerodha between 9.00 AM to 9.08 AM only in the Equity segment for both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
