Test an intraday order and its margin requirement

Failure modes in this flow

The margin figure is the one number here that cannot be checked by eye, which is exactly why it belongs in an assertion.

• Order value - 15,000 rupees, which is ten shares at a limit of 1,500.
• Margin required - 3,000 rupees, a fifth of the value because the intraday product carries five times leverage.
• The order status - open rather than filled, because the limit sits below the last traded price.
• The order book - a row with the order number carrying an open badge.

Asserting the margin against the order value in the same step is what makes the leverage ratio verifiable. Either figure alone is just a number on a screen.

Writing the objective

The product and the order type are both set explicitly rather than relying on defaults, because the margin calculation depends entirely on which product is selected.

---
mode: testing
url: https://my-testing-repo-main.vercel.app/zerodha-clone-app/orders?reset=true
max_steps: 45
tags: [zerodha, fintech, trading]
---

# Zerodhaa Kyte 17.1: Intraday order

Catalog objective: place an intraday limit order on a stock.
Key assertion: the order appears in the order book as open.

## Set the order up
With "RELIANCE" selected, choose "MIS - Intraday" as the product and "LIMIT" as the order type, set "Quantity" to "10" and "Price" to "1500".

## Verify the margin benefit of intraday
Verify "Order value" reads "₹15,000.00" and "Margin required" reads "₹3,000.00", which is a fifth of the value because MIS carries 5x leverage.

## Place the order
Click "Buy RELIANCE" and verify a banner titled "Order OPEN" shows a placed price of "₹1,500.00", a status of "OPEN" and an order number of "26092601".

## Verify it sits in the order book as open
Verify the order book has a row for "26092601" carrying an "OPEN" badge, since the limit of ₹1,500.00 is below the last traded price of ₹1,530.40.

The fourth step states why the order is open, that the limit is below the last traded price, which keeps the expected outcome and its reason together in the file.

The assertions in detail

Setup, the calculation, the action, the record.

Order number, status and price are all asserted on placement. A broker that returns an order number without a status leaves the client unsure whether they have a position.

Running it locally

kane-cli testmd run tests/zerodha/intraday-order_test.md

Add a delivery product variant, since the margin requirement changes completely and that difference is the point of having two products.

Margin rules change with regulation more often than with releases. Deriving a suite from written requirements covers keeping the expected ratios tied to their source, and running in CI covers catching drift automatically.