Pair Trade of UNION BANK_VIJAYA BANK is in profit of 3600..........!!!!!!!!!
On 12th oct 2012 ,Sold 1 LOT OF UNIONBANK @ 205.65 AND Bought 1 LOT OF VIJAYA BANK @ 56.85....
Entry PRICE RATIO : 3.617
TARGET RATIO : 3.40-3.45
STOP LOSS RATIO: 3.75
NOW(15th oct 2012) Unionbank future (Lot size 1000) CMP @ 204.05 i.e. in profit of 1600 and VIJAYABANK FUTURE(Lot size 4000) now CMP @ 57.35 i.e. in profit of 2000....
Thereby pair is in net profit of 3600.......Right now price ratio is 3.559... one can book profit...
*** Pair trading dairy one can see under 'Banking stocks' tab above... updated daily after trading hours... 'Pair trading strategy' one can read on left side of blog under 'reading gem' *****
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