A weekly reversal is taking place in the pair chart suggesting upside of 3.45/3.60/3.70, the view negates below 3.05
The bias is Lombard could outperform Prudential in short to medium term.
As per Maruti / M&M spread chart. Maruti could outperform M&M from here onwards. A retest of 9 is possible provided 8.20 is not breached.
The pair chart is suggesting Maruti will rally more and fall less than M&M
Pair Spreads are high risk management set ups. They are not to be done in isolation but in sync. Those not affluent with them should refrain.
The pair chart is suggesting a reversal in Relative Strength from this level as it takes support near a rising trend line, suggesting Bajaj Finserv will outperform Bajaj Finance from here onwards. As per this the spread could now resume its uptrend till 1.95 and then 2.10, view negates below 1.72
ICICI BANK-VS-ICICI PRU LIFE INS PAIR TRADE
EXECUTE THE FOLLOWING
ICICI PRU
DEC FUT
BUY@497
QTY:1500
ICICI BANK
DEC FUT
SHORT @540
QTY:1375
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
HINDPETRO-VS-IOC PAIR TRADE
EXECUTE THE FOLLOWING
HPCL(HINDETRO)
DEC FUT
BUY@267.2
QTY:2100
CASH (DEL):
BUY @266.25
QTY:1235
IOC
DEC FUT
SHORT @127.4
QTY:7000
(3500*2)
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
!!PAIR TRADE PETRONET-VS-ONGC!!
EXECUTE THE FOLLOWING
ONGC
DEC FUT
BUY@126.5
QTY:3750
CASH (DEL):
BUY @126
QTY:2745
PETRONET LNG
DEC FUT
SHORT @273.5
QTY:3000
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
HINDPETRO-VS-OIL PAIR TRADE
EXECUTE THE FOLLOWING
HPCL(HINDETRO)
DEC FUT
BUY@267.2
QTY:2100
OIL(OIL INDIA)
DEC FUT
SHORT @155.5
QTY:3399
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
PAIR TRADE IN MARUTI-VS-BAJAJ AUTO
TRADE SETUP
HOLDING PERIOD:-2 TO 10 TRADING DAYS
ALL TRADES IN DEC FUT AND CASH FOR MATCHING VALUES
MARUTI
DEC FUT
BUY @7180
LOT:75
QTY:3"IMP"
TOTAL VALUE=16.16 LAC
BAJAJ AUTO
DEC FUT
SHORT@3260
LOT:250
QTY:2
TOTAL VALUE=16.30 LAC
"PAIR TRADES NEEDS TIME TO GENERATE INCOME"
"STAY TUNED FOR EXITS"
THERE IS A HUGE DIVERGENCE IN THE PRICE RATIO GOOD TIME TO EXECUTE PAIR
STATISTICAL ARBITRAGE POSSIBLE
PAIR TRADE
SBI-VS-ICICI
BUY SBI FUT @286
QTY:1 LOT
BUY SBI CASH @285.45
QTY:972
SHORT ICICI FUT @413
QTY:2 LOTS
WAIT FOR MY EXIT SIGNAL!!
