You will be required a small office and around 10+ clients who is regularly traders
for amount you will require 1 lakh as a deposit to broker
Rs. 1 lakh or more for vsat connection if you would like to otherwise there is cheaper option for it as a internet + vpn connection which will cost you...
Go for IDBI for shrtterm target of 110 with stop loss of 80 and for midterm target of 140 with stop loss of 76
go for IDFC for long term target of 155 for stoploss of 85
Go for IFCI untill march ending results for target of 45 with stoploss of 19
forget about it.
It is not going to help you much unless you already have good client list
Remember one more thing, If you want good brokerage than go for remisership in Derrivatives or commodities only.
for that you will require NCFM certificates.