Understanding 1st Leg and 2nd Leg in intraday trading

#1
Hi:

I want clarity on what exactly is 1st Leg and 2nd Leg in intraday trading?

I've a sharekhan account which charges .1% on 1st leg and .1% on 2nd Leg.
What does this mean?

Does 1st-leg means buy and 2nd-leg means sell?
Or it means a given transaction is processed in 2 parts?

isn't .1% + .1% brokerage from either side (buy&sell) too high for intraday??

PFA image of brokerage structure...
 

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#2
I found following definition @ http://www.investopedia.com/terms/l/leg.asp

I found following definition

What Does Leg Mean?
1. Term describing an order entry technique used by brokers. A leg occurs when a broker executes contingent orders in separate phases, thus increasing the risk for price swings through time delays.

2. A description of different aspects in a combination option.
 
#3
I think your understanding is correct that first leg is stocks bought and second leg is stocks sold. It could also be vice versa if we do short selling first and then square off the stocks by buying them. If both legs fall in same day, it is intra day trading and invites lower brokerage of .1%. Otherwise, it is .5% (applicable to delivery of stocks). If you want to spend less on brokerage, you can register with the broker for one time payment policy for one year. For instance, sharekhan has schemes of getting lumpsum payment of Rs.2000, or more with reduced brokerage structure.
 

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