Hi Ullastp,
Yes right I was aware of that fact of capital equilibrium. But I entered at that time because I was running out of capital in that pair trading A/c. Out of my total capital, about 75% is left at MCX and at that time, I was also running several other pairs.
That was the new trade and I admit, I really made that mistake and came out before any further thought.
Anyway, you deserve a very good thanks for pointing me out that also because mistake is a mistake.
In my trade, the unhedged capital was around a whoping 19% (towards YESBANK) of the total trade value, whereas in your example it was 0.9%. making it perfectly market neutral.