i would like the guidance from members of traderji with regards to my query......
well, i hav been following the markets for the past couple of months and have finally decided to take the plunge...... but i'm a little confused as regards to wid whm should i open my demat a/c.....
i hav inquired with sharekhan and mosl and their quotations wer as follows:
Sharekhan:
Intraday-0.05%
delivery-0.25%
options-2.5% or 100/lot whichevr is higher
AMC-300/-
they asked a cheque for Rs.5000/- whch im not sure for wht purpose
MOSL:
intraday-10p
delivery-50p(the person to whom i spk said tht this chrg was for one leg and tht wld mean i hav to pay Rs.1 as brokerage for every 100Rs. stock i buy and sell)
AMC-400/-
also they insisted on me giving a cheque of 25,000/- which they said wld act as my trading capital(whch i was quite reluctant but they wer adamant tht it was their policy)
im a complete newbie and also am frm a engineering background so its been really tough choosing....
also i wld like to add tht since im a newbie i wld like to trade for a long term rather thn day-trading......
pls pour in ur replies...
tx
well, i hav been following the markets for the past couple of months and have finally decided to take the plunge...... but i'm a little confused as regards to wid whm should i open my demat a/c.....
i hav inquired with sharekhan and mosl and their quotations wer as follows:
Sharekhan:
Intraday-0.05%
delivery-0.25%
options-2.5% or 100/lot whichevr is higher
AMC-300/-
they asked a cheque for Rs.5000/- whch im not sure for wht purpose
MOSL:
intraday-10p
delivery-50p(the person to whom i spk said tht this chrg was for one leg and tht wld mean i hav to pay Rs.1 as brokerage for every 100Rs. stock i buy and sell)
AMC-400/-
also they insisted on me giving a cheque of 25,000/- which they said wld act as my trading capital(whch i was quite reluctant but they wer adamant tht it was their policy)
im a complete newbie and also am frm a engineering background so its been really tough choosing....
also i wld like to add tht since im a newbie i wld like to trade for a long term rather thn day-trading......
pls pour in ur replies...
tx