Pair Trade for 24-01-2013
PAIR: INDUSIND BANK Vs FEDERAL BANK
Current spread: 20% INDUSINDBANK up
ENTRY:
BUY 5 Lot FEDERALBANK Feb FUT@ 505.00 (5*500*505.00= 12, 62,500.00)
SELL 3 Lot INDUSINDBANK Feb FUT@ 426.00 (3*1000*426.00= 12, 78,000.00)
PROFIT TARGET: 7% of Investment
STOP LOSS: 3% of Investment
PAIR: INDUSIND BANK Vs FEDERAL BANK
Current spread: 20% INDUSINDBANK up
ENTRY:
BUY 5 Lot FEDERALBANK Feb FUT@ 505.00 (5*500*505.00= 12, 62,500.00)
SELL 3 Lot INDUSINDBANK Feb FUT@ 426.00 (3*1000*426.00= 12, 78,000.00)
PROFIT TARGET: 7% of Investment
STOP LOSS: 3% of Investment