Re: Stock FUTURES To Keep A Close Eye On
Hi Amit,
As Single Entities Both Are Still On B.HOLD List Of Stock Futures
IDBI Had Triggered BUY On 02/09/2009 @ 101.50 & IDFC Had Triggered BUY On 17/08/2009 @ 131.40
Therefore If You Were Following The Trigers, You Would Still Be Long In Either Or Both.
Now Coming To Pair Trade
There Are Various Reasons For Pair Trade
a) If The Market Is Highly Volatile & Choppy
b) If The Sector Has The Tailwind, It Is Much Safer To Short Something In The Sector Which Has Had A Huge Move On A Single Day & Go Long On Something That Has Remained Quiet & Rangebound.
c) Acts As Both Hedge & Nimble Trading Strategy, If We Are Undecided About Market Move The Following Day.
d) Strategy Was Outlined In The Last 30 Minutes...For Position To Be Taken On Thursday, Going Forward One Shouldn't Take Position On Monday.
e) Invariably Both Pairs End Up Giving Profits.
Anyways For This Month Watch For FEDERALBANK....Could Prove Profitable But Can Only Confirm EOD On Monday.
Posts Were Moved By Me Because I Thought We Were Through With The Q&A On The Subject...There Is No Problem Posting Queries In The Futures Thread.[/COLOR]
Happy & Safer Trading
SavantGarde
Savantda
Any confirmation on Federal Bank
regards
Amit