How much does a share have to gain ( in day trading as well as long term) to get tangiable profit? ?

Question

Eg: I buy 10 shares worth Rs 100 (ie1000 invested) considering the brokerage and the taxes i will pay when i sell these shares.....what is the breakeven value? ie. if the share is worth 102 , so that the total investment is 1020 wud i get ne profit out of this transaction?? (considering nett profit Rs 20- brokerage- tax) is tax and brokerage standardised?

Answer 1

It depends on your brokerage comission and taxes. Taxes will only reduce your profit, they will never give you a loss. You need to make a gain greater than twice the brokerage commission to have any actual gain at the sale (because the commission is applied at the buy and at the sell).