Team-BHP - Do you play the stock market

After a long time I could sell some shares to day due to the upside trend. India cement was idle for a long time out of 390 I sold 290. Tata Steel has been sold for a reasonable profit and kept some for future sale or may add up if it comes down to 450.Other one is ONGC which is expecting to issue FPO and keeping pending for a long time. In case if it brings FPO issue I can add to my portfolio. Keenly watching on PFC,Cipla,Exide and Sail

Hey guys, I need some help. I have a religare demat account which I have not used after my relationship manager caused losses of 4lakhs in 2008. I want to start trading by myself, albeit slowly so that I can learn and get a hang of things myself, rather than depend on these shady RM's. Please suggest the best brokers with whom I can open a new demat account, also the charges that they levy ( if possible ).

Regards,
Zahed

Quote:

Originally Posted by princezahed (Post 2560788)

Hey guys, I need some help. I have a religare demat account which I have not used after my relationship manager caused losses of 4lakhs in 2008. .

Regards,
Zahed

thats horrible:Shockked: at the first place you should not have allowed him to trade on his own. anyways, now you have made the good decision to learn and trade yourself. there are few good brokers like motilaloswal, kotak etc. charges vary from broker to broker but you will get good deal in bangalore.

Quote:

Originally Posted by BaCkSeAtDrIVeR (Post 2560804)

You can transfer the existing demat a/c to another broker, of course.

But if you want to start trading on your own .... you need a good research team first.

Is it possible to do that? I do not want to have anything to do with that old demat account of mine with religare.

Quote:

Originally Posted by vsh (Post 2560972)

I never did. The RM was known to me and was a family friend. When I had invested, I had clearly told him not to trade daily. Sadly, to fill his pockets, he traded and traded till I was left with nothing but 7000 rupees in my account. He did not even spare his relative also, who put in his hard earned money after retirement.

Quote:

Originally Posted by navan49 (Post 2553512)

Thank you VSH. I did select some strong shares only. But the present volatile market I am also worried about some shares which are too low from the purchase.
Andhra Bank Purchase @ 125 to days Market 119
Cipla @303 to day's 288
Coal India @383 to day 329
Exide 144 to day 119
HDFC @ 449 to day 487
ICICi @ 836 to day 874
India Cem @76 to day 73
ITC @ 201 to day 204
ONGC @273 to day 264
PFC @163 to day 149
SAIL @121 to day 105
Sunpharma @465 today 483
Tata Steel @460 to day 432
What to do with Coal India,Exide PFC and Sail. can I buy some more and average for Tata steel too.I can hold till June 1012.Any advise.

all stocks are good to hold and you may get exits in some counters. coal india , pfc, sail- you can hold them. exide -you may try to exit.

Princezahed
Sad that your RM let you down so badly.
Have you thought of trading/demat account with Sbi and HDFC.
I have an demat account with HDFC as well as a trading one.I am not bound to buy or sell through them so i find it very convenient as i have another broker.I have only 1 demat account with HDFC.Their charges a re a bit higher.Check charges of SBI and decide.
Hope this helps.
Regards

Quote:

Originally Posted by princezahed (Post 2560788)

Hey guys, I need some help. I have a religare demat account Zahed

I also have a Religare Demat account and I also want to close it and transfer my shares to ICICI which is tad expensive but easy to use and manage. My relationship manager quit the job within one month of my opening the account. Their web server never opened. And now they want me to visit their regional office to close the account. I so regret opening that account in the first place. Religare is best avoided as far as trading is concerned. It leaves you like :Frustrati

Hey guys, I was thinking about how many people would like to meet up in Pune for a trading discussion where we could discuss trading systems, brokers, data feeds, software, etc. Informal, free flowing discussion.

Note from Mod - please avoid ...dotty... posts

Avingodb
Hi
In case you transfer your shares from Religare to ICICI(or any other) and the transferor and the transferee is the same individual or in case of joint account if the sequence of the holders is in the same order you do not have to pay the transfer charges.The transfer is free.This is as per the SEBI guideline.
Hope this helps
Regards

[quote=Altaf Petiwala;2572975]Hey guys, I was thinking about how many people would like to meet up in Pune for a trading discussion where we could discuss trading systems, brokers, data feeds, software, etc. Informal, free flowing discussion.

When markets are down, no one wants to discuss the markets. I was looking forward to a get together on saturday, but looks like its not going to happen. Maybe when the sensex is at 28000 more people will respond. But then who needs to discuss then, even our doodhwala and sabziwala and paanwala is making money in stocks at those times :)