Here is a quiz for you guys, from the above trade.
What will be the final settlement amount I will receive by evening?
170.12 (Pro plan, selected the state of TN).
Good,
What is the break even?
1.35 right?
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My plan is dream plan, the calculator says break even is 3.15
Wrong. Wrong. Wrong.
I have made the exact trade, my final take home settlement is: 98.74 !!!
Lets keep score in points, for 1 lot.
98.74 INR = (98.74/25) points = 3.95 points.
Although I have made 8.15 points, brokerage+tax has eaten 4.2 points (i.e 8.15-3.95).
So my actual break even is 4.2 NOT 3.15
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All calculators amazingly misleading....
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Let me know if you guys have better real break even schemes and plans.
Code:
1 Lot = 25
Buy = 8889.65
sell= 8897.80
Profit = 203.75 (i.e 8.15*25)
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First detection brokerage:
40 for brokerage
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Second detection:
serv tax : 4.8
cess : 0.14
STT :22.24
stampduty :26.68
transaction charges : 8.45
clearing charges : 0.89
sebi fees : 0.89
ST on transaction : 1.05
ST on clearning : 0.11
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Total :65.00
Take home: Profit - first detection - second detection
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203.75 - 40 -65 = 98.75
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