Selling stocks in Zerodha through its Kite platform is straightforward, but if you’re new to the process, it’s important to follow the steps carefully to avoid errors. Zerodha offers an intuitive trading platform that allows users to buy and sell stocks seamlessly. Here’s a step-by-step guide to help you sell your stocks in Zerodha.
Step-by-Step Process to Sell Stocks in Zerodha
- Login to Zerodha Kite
Start by logging into your Zerodha Kite account using your User ID and Password on the web or mobile app. Ensure you’re using the correct credentials to avoid delays. - Access the Holdings Section
Once logged in, go to the Portfolio tab and click on Holdings. This will show you all the stocks currently held in your account, along with details like quantity and current market value. - Select the Stock to Sell
Identify the stock you wish to sell. Click on the stock and select the Exit option to begin the selling process. - Enter Sell Order Details
In the order window, enter the number of shares you want to sell. You can choose to sell all or a portion of your holdings. Now, select the CNC (Cash and Carry) option for delivery-based selling. - Choose Order Type
- Market Order: The stock will sell at the best available price in the market.
- Limit Order: You set a specific price, and the sale occurs only if the stock reaches that price.
You can also set stop-loss orders, depending on your strategy.
- Review and Place the Order
Double-check the details, including the number of shares and order type. Once satisfied, confirm and place the order by swiping or clicking on the sell option. - Monitor the Order Status
After placing your order, you can monitor its status under the Orders section. The system will update you when the sale is executed.
FAQ
- What is the CNC option in Zerodha?
CNC stands for Cash and Carry, used for delivery-based trades where stocks are held in your demat account until sold. - What is the difference between a market and a limit order?
A market order sells the stock at the current market price, while a limit order allows you to set a price at which the stock should be sold. - Are there any charges for selling stocks on Zerodha?
Zerodha doesn’t charge for equity delivery, but other costs like DP charges of ₹13.5 per day per order and taxes apply. - What is a stop-loss order?
A stop-loss order automatically sells your stock when its price hits a predetermined level, helping you minimize losses. - Can I sell my shares after market hours?
Yes, you can place Market Orders (AMO), but they will only be executed when the market opens.