PAIR TRADE "KOTAK-VS-INDUS" !!(26 DEC)!!

Dec 1, 2019

PAIR TRADE
KOTAK-VS-INDUS

"BUY"-KOTAKBANK

FUTURES QTY (26DEC)
LOT:400
QTY:2
RATE:1608
TOTAL BUY VALUE=12.86 LAC

"SELL"-INDUSINDBK

FUTURE QTY (26DEC)
LOT:400
QTY:2
RATE:1570
TOTAL SELL VALUE=12.56 LAC

Dec 2, 2019

Trade active

Trade is still active
PROFIT TILL NOW
kotak
=1633-1608
=25*400
=10000

indus
=1570-1576
=-6*400
=(-2400)

Total profit
=10k-2.4k
=7.6k(exculding cost of brokerage,taxes)

We are holding this trade for another 10k gain only

Dec 3, 2019

Note

PROFIT TILL NOW
kotak
=1638-1608
=30*400
=12000

indus
=1570-1560
=-10*400
=4000

Total profit
=12k+4k
=16k(exculding cost of brokerage,taxes)

We have made 16k without any risk in the trade it is more than enough because more pairs are emerging

Dec 3, 2019

Trade closed: target reached