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Catch 10 points in nifty without brokerage

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  #1  
Old 1st September 2006, 09:57 PM
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Default Catch 10 points in nifty without brokerage

Dear Friends,
I have been trying to catch 15 points in nifty futures intraday. The killing was ICICI's high brokerage.
But, today, from their site, I was surprised to know that ICICI Direct "HAS ANNOUCED ZERO BROKARAGE" FOR ANY INTRADAY DERIVATIVE TRADE", WITH EFECTIVE FROM 1ST SEPTEMBER.

I am happy for the past 3 years for their non-fradulent behaviour.

I welcome your comments
SENTHIL
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  #2  
Old 1st September 2006, 10:07 PM
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Default Re: Catch 10 points in nifty without brokerage

Quote:
Originally Posted by rasasen View Post
Dear Friends,
I have been trying to catch 15 points in nifty futures intraday. The killing was ICICI's high brokerage.
But, today, from their site, I was surprised to know that ICICI Direct "HAS ANNOUCED ZERO BROKARAGE" FOR ANY INTRADAY DERIVATIVE TRADE", WITH EFECTIVE FROM 1ST SEPTEMBER.

I am happy for the past 3 years for their non-fradulent behaviour.

I welcome your comments
SENTHIL
Dear Friend,
You have seen the ICICI offer but has not read it carefully. In intraday segment (that means squaring the position same day)- the brokerage on second leg is free. it is NOT that no brokerage will be charged at all.
However, It is of interest that over all brokerage rates have been reduced to over 75%.
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