Just saw the news on http://www.capitalmarket.com/
1. Reliance Industries (RIL) June 2009 futures were at premium at 2,232.10 compared to the spot closing of 2,220.55.
2. Bharti Airtel June 2009 futures were at premium at 798 compared to the spot closing of 795.90.
3. Larsen & Toubro June 2009 futures were at discount at 1,336 compared to the spot closing of 1,345.70.
Now my query is:
Today is 28th May 2009 and May contract expired.
Can we make profit in case of Reliance/Airtel if we take the foolwing position :
Sell RIL/Airtel at 2232.10 in Future and buy at spot at 2220 and pocket risk free profit of Rs 12 per share.
For LT, sell at spot at 1336 and buy at 1336 at future market?
The profits are risk free, is it correct or some other consideration are there?
Please explain.
1. Reliance Industries (RIL) June 2009 futures were at premium at 2,232.10 compared to the spot closing of 2,220.55.
2. Bharti Airtel June 2009 futures were at premium at 798 compared to the spot closing of 795.90.
3. Larsen & Toubro June 2009 futures were at discount at 1,336 compared to the spot closing of 1,345.70.
Now my query is:
Today is 28th May 2009 and May contract expired.
Can we make profit in case of Reliance/Airtel if we take the foolwing position :
Sell RIL/Airtel at 2232.10 in Future and buy at spot at 2220 and pocket risk free profit of Rs 12 per share.
For LT, sell at spot at 1336 and buy at 1336 at future market?
The profits are risk free, is it correct or some other consideration are there?
Please explain.