What is validity in Zerodha Kite?

Validity in Zerodha Kite means the time until which an order, once placed, remains valid in the market. There are options such as daily orders and immediate or cancelled orders (IOC) or minutes. Zerodha also offers customers the option of placing GTT (Good Till Triggered) orders.

Day orders are orders that remain valid throughout the day until the market closes. Once placed, these orders wait until 3.30 p.m. for a matching order. The order is executed as soon as a match is found. Unlike IOC orders, day orders are not automatically cancelled. The order is terminated as soon as the market is closed for the day. 

IOC orders allow an investor to buy or sell a security as soon as the order is released on the exchange. As the name implies, an IOC order is either executed immediately or automatically cancelled immediately, depending on whether or not it finds a matching order. IOC orders are not included in the pending order at any time. In the event of a partial match, the order is partially executed and the remainder is cancelled. 

(Good Till valid Triggered) Orders are orders that remain valid until the trigger condition is met or one year, whichever comes first. If no suitable order is found within this period or the trigger conditions are not met, the order is cancelled and must be placed again. 

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