Axisbank: Recommendations Revised

2 years, 11 months agoComments closed

axisbank tips

Corporate Action in AXISBANK today: FV SPLIT RS 10 TO RS 2.

Due to the change in face value of axisbank today, stop loss and quantity of following recommendations have been revised.

Recommendation on 14th July
  • Stop loss revised from 1971.08 to 394.2
  • Entry Price from 1839 to 367.8
  • Quantity from 108 to 540
Recommendation on 11th July
  • Stop loss revised from 1971.08 to 394.2
  • Entry Price from 1843.6 to 368.7
  • Quantity from 108 to 540

In addition, please ignore today’s recommendation and exit positions in the morning if you had executed the trade today. Sorry about the wrong recommendation today.

Long AXISBANK, Short ANDHRABANK

4 years, 11 months ago5 Comments

pairs-trading axisbank andhrabank

Update 10th July 2:10PM: Reverting positions. Selling AXISBANK Futures at 1071 and buying ANDHRABANK at 117.6. Total Profit Rs. 10200 (Without deducting Brokerage).

Today’s recommendation is Short ANDHRABANK - Long AXISBANK.

According to our analysis, for every 1 futures lot of AXISBANK, trade 1 futures lot of ANDHRABANK. Use JULY Expiry Futures.

ANDHRABANK July Futures is trading at Rs. 120.2 and AXISBANK July Futures is priced at Rs. 1051.

Keep you stop loss when divergence becomes 2. Divergence right now is 1.3. Book your profits when divergence becomes 0.

Half life of this pair is 5.27. We expect to hold positions to a maximum of 11 days.

Watch this blog for future updates.

Stay tuned for latest updates:

Happy Investing!

Techpaisa Team.

DISCLOSURE: I am short ANDHRABANK and long AXISBANK.

DISCLAIMER: If you trade stocks/derivatives, you do so at your own risk. Trading/Investing in stocks carry high risk. Any trade or action you take in the market is your own responsibility. Techpaisa.com will not be liable for any loss arising out of the use of any information on the website by anybody.

Long AXISBANK Short NIFTY

5 years, 7 months ago0 Comments

pairs-trading tips nifty axisbank

DISCLAIMER: If you trade stocks, you do so at your own risk. Trading/Investing in stocks carry high risk. Any trade or action you take in the market is your own responsibility. Techpaisa.com will not be liable for any loss arising out of the use of any information on the website by anybody.

DISCLOSURE: I have no positions in NIFTY & AXISBANK and no plans to initiate any positions in next 72 hours.

Today’s recommendation is Short NIFTY - Long AXISBANK.

According to our analysis, for every 2 futures lot of AXISBANK, trade 3 futures lot of NIFTY. Use DECEMBER Expiry Futures.

NIFTY December Futures is trading at Rs. 4751.4 and AXISBANK December Futures is priced at Rs. 969.5 on Nov 25 2011 at 11:25PM.

Keep you stop loss when divergence becomes -1.5. Divergence right now is -0.6. Book your profits when divergence becomes 0.

Watch this blog for future updates.

Stay tuned for latest updates:

Techpaisa Team.