1 Pair Trade - Heromotoco vs BajajAuto

One year co-relation between Heromotoco and Bajaj Auto is above 80%.

I will open this trade in coming week by going long on Heromotoco September future and short Bajaj Auto september future at price ratio of 1.11 - 1.09 with Stop loss placed at 1.06 for target of 1.25+

Heromotoco (SEP FUTURE Lot size 125) : 1935
Bajaj-Auto (SEP FUTURE Lot size 125) : 1728

*~Outlflow(`1.0 lac), Time horizon - 30 days, Expected return 10-12%

Disclosure/Disclaimer and FAQ

*If you have any questions, queries or need more explanation, leave comments below.

1 comments:

  1. This strategy is giving us 4500 Rs profit as of now...Enjoy!!

    ReplyDelete

Thanks for giving your valuable inputs, TRENDGURUS

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