We have given pair trade call for
ALBK and ANDHRA BANK for July future
on 27th June 2013 :
on 27th June 2013 :
Sell Andhrabank (1 Lot) July future @73.55
Buy ALBK (2 lots) july future @88.95
we booked profit as :
Albk (2 lots)July future @92 (on 3rd July 2013)
Again bought ALBK (1 LOT) @90.55 (On 9th July 2013)
Exit from ALBK (1 lOT) @83 (On 24th July 2013)
Exit Andhra bank July future @74.85 (on 25th July 2013)
Sell Andhra August future (Rollover)@75.60 (on 25th july 2013)
Andhrabank August future closed @ 73.05 (on 26th July 2013)
Booked profit : INR 2100
Again bought ALBK (1 LOT) @90.55 (On 9th July 2013)
Exit from ALBK (1 lOT) @83 (On 24th July 2013)
Exit Andhra bank July future @74.85 (on 25th July 2013)
Sell Andhra August future (Rollover)@75.60 (on 25th july 2013)
Andhrabank August future closed @ 73.05 (on 26th July 2013)
Booked profit : INR 2100
(Note : In this pair we applied rescue strategy to exit atleast cost to cost or with minimum loss... Because Andhrabank has declared dividend of Rs.5/- and before declaring dividend andhrabank future was in discount of Rs. 4 to 5 as compared to its cash price and after declaring dividend cash price came down but future price remain same. And because of disappearance of this discount factor in future price this pair gone into holding for long time )
=============================
For Steady Growth of Wealth
'Trade Less Trade Smart'
WITH
JUST BANKNIFTY
Comments
Post a Comment