I have a few questions regarding brokerage and margin money at RKG.
Brokerage per side is a flat Rs. 9 per lot. So a single Nifty Options lot would cost 9+9+(0.0927*2(Service Tax))+Transaction tax... so effectively, one Nifty option lot trade cycle(buy+sell) should not cost more than 22-25 rupees. Am I right?
Now, as far as margin goes, lets say, I transfer Rs. 10,000 to my RKG account from my bank account. How much would I be able to trade for on the given day?
Say, if I initially buy for 5,000 and sell the same in one hour. Would I be able to trade for 10,000 provided I haven't suffered a loss in the previous trade, or would my margin reduce by 5,000. Am a newbie so please excuse my rather amateurish questions which may obviously make the veterans laugh out loud...
Thanks in advance.