hey!
thank you for your suggestions
if anyone can share which broker they are using it will be great.
also @new-bietrader
"Yeah, Zerodha would cost you something like that........BUT only for the first return-trip of the day (assuming NIFTY at around about 5000), after that though, single-lot return-trips no.2nd, 3rd,.... etc would cost about 115 or so which is pretty close to RKG anyway."
why is this which charges we dont have to pay for the 2nd round-trip and onwards ??
also while talking with sharekhan what brokerage shd i ask for and do they give a demo of their product?
Look, Zerodha's ONLY office is in Karnataka & Karnataka's Stamp Duty is very high @0.01% while other states & brokers have it much less @0.001-0.002%......BUT.....the good thing is that Karnataka has a cap of Rs.50/day........so when when buy + sell a single lot first time during the day then it costs Stamp Duty of [(250000 + 250000) x 0.01% = Rs.50].....it very costly for that trip but since cap of Rs.50 is reached, no more Stamp Duty
for the day
Here's more on that -
http://www.traderji.com/brokers-trading-platforms/47790-zerodha-471.html#post593362
BUT.......Zerodha has said that it'll be reduced in the near future -
http://www.traderji.com/brokers-trading-platforms/47790-zerodha-475.html#post594788
As for the demo, you can always tell them you've 1-1.5 lacs to invest & they might consider giving you a demo
As for the brokerage, again, tell them you want to invest 1-1.5 lacs, don't mention any brokerage at first, just see how much they're willing to offer you, then you can ask for something much lower :lol:
Simple rule of thump in economics, while bargaining, as a buyer, try to drag the seller as low as you can, see how low he can go while seller will be trying to drag the buyer upwards :lol: & then the settlement occurs somewhere in the middle.
The best demonstration of this bargaining process can be seen on the markets with "bid-ask spreads" as the "bid" tries to drag the price downwards while "ask" tries to drag it upwards, although it's a form of "silent bargaining" but wonderful tussle to watch, nonetheless.
By the way, I forgot to tell you earlier but have you ever considered Bezel? They're offering Rs.10/lot (& in case you're nitpicky about trading-costs like I am
.......their transaction-charges seem to be much lower than both RKG & Zerodha). If you wish, you can call them up with the number on their website & see if they meet your trading-needs......they also provide Odin. Cheers