UPDATE: I finally closed the PNB short + HDFCBANK long trade on Friday morning:
1. PNB Short initiated at 1351 - covered at 1288 - total gain was 250*63 = 15750 profit
2. HDFCBANK long initiated at 2354 - covered with loss at 2293 - total loss was 125*61 = 7625
Net gain = 15750-7625 = 8125 -- But I am not satisfied with the exit. It may happen that HDFCBANK will rise about 3-4% next week. But I was not sure if PNB will fall more.
No comments:
Post a Comment