Nifty Futures Trading

[Sats]

.0002% brokerage?????????????? That means Rs.1 Brokerage per 500,000 Trade Value?
Really Amazing!!!!!!!!!!!!!!!!!!
How much u trade per day?

I think that would be .02% or .0002*turnover....

Sats.

 

[mahesh2007]

.0002% brokerage?????????????? That means Rs.1 Brokerage per 500,000 Trade Value?
Really Amazing!!!!!!!!!!!!!!!!!!
How much u trade per day?

.0002% brokerge is impossible.

It deciphers- He pays .02 Paise on every 100 Rs. of trade.

Minimum brokerage I have heard for individuals(barring FII/DII) is 1 paisa that too on very large volume.
Often it is 2 paisa on buy and 0 on sell, which comes out around 1 paisa.

 

[Sunil]

Since 22 May, when Nifty SPOT fell below its 20DMA, it has never risen above that....

2 attempts were made though, but both failed...

1st on 18th June, when 20DMA was 4700 and HOD was 4680... after touching 4680, it fell to 4370 over time (over 300 pts)

2nd attempt was recent on 11th july... 20DMA was 4210 and HOD was 4215... from there it fell to 3790 (over 400 pts)

In short, 20DMA was just an opportunity to short more...

i'll post the latest 20DMA soon, as this becomes relevant for monday's trade...

Nifty has finally CLOSED above its 20DMA of 4063 (sensex has, too, closed above its respective 20DMA of 13550)

BUT, as I mentioned in the previous post, 20DMA has just been proving to be a great shorting level in this BEAR market. Also, Nifty's Hourly RSI is nearing over-bought conditions... So, some cooling is expected till atleast 4050 spot(pivot) level. 4000 SPOT would be a good level to re-enter long trades.

Now, if only Nifty can maintain its close above 20DMA on Monday & Tuesday (political circus day), then it would be a big boost to bulls.

 

[uasish]

Thanks for your help ashisbabu. After your post I've visited the website of rkglobal. There are so may conditions that I don't think I'll be fulfill them all. In the meantime I have been able to negotiate and reduce my intraday brokerage by 0.0002% with 5paisa. My health is ok. From your very active participation in the forum it appears to me that your health check up in Vellore went very well and there was no adverse finding. Wishing you continued fitness.

Laksh

Lalith Babu,

No Sub-Broker would be able to offer below .01 paisa ,but your .02 paisa can be further negotiated down to .015,after another couple of months.

Regards.
Asish

 

[Sunil]

Lalith Babu,

No Sub-Broker would be able to offer below .01 paisa ,but your .02 paisa can be further negotiated down to .015,after another couple of months.

Regards.
Asish

Hello Asish Sir,

Hope you are keeping good health. Had really missed your words of wisdom & guidance on Friday.



Sir, just for general information, my broker is Religare Securities, and they have this prepaid brokerage plan where the brokerage is flat 0.015% for all derivatives trades & intraday cash (spot) trades.

There is no negotiation involved over here - it's for all clients. Only thing is that you have to shell out an advance of Rs 15000/-, which will be reversed back to your account once you generate brokerage of the same amount. The time limit for generating atleast Rs 15000 as brokerage is 12 months. In short, you have to achieve a total turnover of Rs 10 crores, and the initial advance of Rs 15000 will be reversed back.

Just wanted to confirm with other thread members if I have got this thing right. Here are the actual wordings of the terms & conditions of the offer/plan:

1. Brokerage will be charged at the rates as mentioned in the applicable brokerage table, during the tenure of scheme.

2. During the tenure of scheme brokerage charged shall be reversed to a maximum of cost of subscription only.
3. Brokerage over and above it within the tenure of plan will have to be paid by the client at the same rate as quoted above.

DOES THIS MEAN THAT THE INITIAL Rs 10 CRORE TURNOVER WILL BE EFFECTIVELY BROKERAGE-FREE, SINCE INITIALLY I PAY THE BROKERAGE IN ADVANCE, WHICH IS REVERSED BACK WHEN I REACH THE TARGET WITHIN 12 MONTHS???


[P. S. Also, you get interest @ 3.5% pa on the cash deposit (margin deposit) credited monthly, and there's also a reward point structure based on brokerage, IPO/MF application etc, and these reward points can be redeemed against gift vouchers, etc.]

 

[uasish]

They will cut brokerage now,whenever it increases Rs 15 K they will return you the earlier 15 K,so you are paying Double now & get back Half.

 

[Sats]

Hello Asish Sir,

Hope you are keeping good health. Had really missed your words of wisdom & guidance on Friday.

...........................
DOES THIS MEAN THAT THE INITIAL Rs 10 CRORE TURNOVER WILL BE EFFECTIVELY BROKERAGE-FREE, SINCE INITIALLY I PAY THE BROKERAGE IN ADVANCE, WHICH IS REVERSED BACK WHEN I REACH THE TARGET WITHIN 12 MONTHS???

................

Sunil,

That is not brokerage-free i suppose.... The thing is that, They initially collecting 15k, and apart from that they will collect brokerage for the first 10 crores which will come to 15K. So at the end of 10 crores, you would have paid 30K as a brokerage. So finally they'll refund the initial 15k that you've paid to them. So the effective brokerage comes around to 15K, which for a beginner like me, is still gr8 one.

Hope you understand. If i'm wrong, let me know.

Thanks,
Sats.

 

[Smart_trade]

The current rate of F & O brokerage in Pune is 0.007 to 0.01% depending on the volume and the relationship with the broker,prompt clearing of debits etc This comes to Rs 700/- per Rs 1,00,00,000/-( Rs 1 Crore turnover)Just opened a new a/c recently so know the current rates.This means that in Rs 700/- I can trade 1200 Nifty futures round trip (buying and selling both including) assuming Nifty future trading around 4000

 

[columbus]

Nifty has finally CLOSED above its 20DMA of 4063 (sensex has, too, closed above its respective 20DMA of 13550)

BUT, as I mentioned in the previous post, 20DMA has just been proving to be a great shorting level in this BEAR market. Also, Nifty's Hourly RSI is nearing over-bought conditions... So, some cooling is expected till atleast 4050 spot(pivot) level. 4000 SPOT would be a good level to re-enter long trades.

Now, if only Nifty can maintain its close above 20DMA on Monday & Tuesday (political circus day), then it would be a big boost to bulls.

Perhaps ,4200 then 4400 on Nifty futures are important levels to be watched out. (Just happens to be One month DMA & Two month's DMA)

 

[Sunil]

Thank you Ashish Sir & Sats for clearing my doubts...

You'll are right; it's actually being paid twice (advance+actuals as per day trade), then I get the advance back.... So, the actuals remain...