Trade in Rs 20, No more % brokerage

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    What could be a reasonable stop loss in options trading?

    If I am trading a NIFTY 1 lot(close to current NIFTY) generally my investment amount varies anywhere between 3000 to 5000/lot. I use sharekhan basic a/c and the brokerage for options trading is >= Rs.100 per lot. That means brokerage+tax = Rs.260 will go out of my pocket no matter what...