Today the price of Fame India in NSE and BSE varies by 50 Paise and so it means that the amount of units purchased before can be sold in NSE and repurchased in BSE again.
Fame India is hitting upper circuits for few days and there exist an Arbitrage in Fame India.
Yesterday I Purchased Fame India when it was in upper circuit in NSE @ 27.60. I placed buy order in circuit and it took almost 2 hours for my order to be executed but it finally got executed in circuit.
Today the price of Fame India in NSE and BSE varies by 50 Paise and so it means that the amount of units purchased yesterday by me can be sold in NSE and repurchased in BSE again. This would give me some bucks but would not loose the shares in my account.
I would suggest before indulging into anything related read my disclaimer and also my brokerage plans are quite low for this arbitrage to work.
Hey Shabbir now whats your prsent brokerage .
My Broker is Geojit it charges me Rs 20 minimum brokerage + Rs 10 for stt etc TOTAL Rs 30 for Intraday even if I trade with 10k . What you say is it fine. ?
Zerodha how is it . I heard they dont have their own Demat they use Third party service.
Any advice?
2 paise 20 paise. If you are not trading in large quantity, I think its all ok but if you are looking to switch for brokerage opt for Zerodha – http://shabbir.in/zerodha-review/
ok
Thank you sir I think I should find a good brokerage firm because sharekhan has got minimum transaction charges which eats away profits in stocks below 250
Negotiate with them and they will reduce or brokerage in fear of loosing a customer. I have an account with Sharekhan and their brokerage for me is 2 paise/ 20 paise
But I think it would have been considered as delivery and you would have paid delivery charges for the buy and sell transaction. Did you still make money because the delivery charges would have eaten your profits.
Yes I know that and yes I did make a profit on top of the brokerage charges as well.
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