Hi,
I am a new trader, I tried figuring this out myself, but couldn't. So I am hoping if someone can help me out on this one:
I would like a formula with which one can find out how much should the selling price be for both intraday and delivery for break even, for a given brokerage,
In deriving the formula I was trying to use the selling price same as cost price to calculate the brokerage and other taxes levied on the squaring off trade.
For ex: my brokerage is .05 for Intra and .5 for delivery.
So if I buy a share at certain price I would like some number that I can multiply its cost price to arrive at a breakeven price (approx) for intraday and delivery.
I guess there could be others also who might find this info helpful, so if someone takes pains to derive the formula, it'd be really helpful for other members if you could post for other common brokerage rates, for ex:
Intra: .02, .03, .05 paisa, and,
Delivery: .2, .3, .5 paisa
Thanks in advance guys
P.S. The reason I couldn't derive it was I want to include everything, all the other taxes like STT, regulatory charges, Stamp duty etc..
I am a new trader, I tried figuring this out myself, but couldn't. So I am hoping if someone can help me out on this one:
I would like a formula with which one can find out how much should the selling price be for both intraday and delivery for break even, for a given brokerage,
In deriving the formula I was trying to use the selling price same as cost price to calculate the brokerage and other taxes levied on the squaring off trade.
For ex: my brokerage is .05 for Intra and .5 for delivery.
So if I buy a share at certain price I would like some number that I can multiply its cost price to arrive at a breakeven price (approx) for intraday and delivery.
I guess there could be others also who might find this info helpful, so if someone takes pains to derive the formula, it'd be really helpful for other members if you could post for other common brokerage rates, for ex:
Intra: .02, .03, .05 paisa, and,
Delivery: .2, .3, .5 paisa
Thanks in advance guys
P.S. The reason I couldn't derive it was I want to include everything, all the other taxes like STT, regulatory charges, Stamp duty etc..