Zerodha Market Depth Explained with Examples

Published on Wednesday, May 12, 2021 by Chittorgarh.com Team

The market depth in Zerodha allows its customers to view the best five bids and offers (known as level 2 data) for a particular instrument on the selected exchange on real-time basis. Zerodha has further enhanced this feature by introducing a 20 market depth view, also known as level 3 data.

Apart from the bid details, the market depth screen in Zerodha Kite also displays the details on High, Low, Open, Close, last traded price, quantity, Open interest, and expiry details in case of derivative contracts.

20 Market Depth Zerodha

20 market depth feature provided by Zerodha allows its client to view the top 20 bids and offers for NSE scrips and F&O contracts. This level 3 market depth data provides clients with more visibility over the spread of orders. It helps in knowing the details of the highest bid quantity and price that can help identify better price points for trade execution.

Steps to view the market depth in Zerodha:

1. Select a scrip on the market watch.
2. Hover the mouse over the selected scrip. You will see few buttons popped.
3. Click on the third button with three lines on it or hit D on your keyboard to open the market depth screen.
4. To further view the 20 market depth, click on View 20 depth available at the bottom of the displayed bids and offer list.