NIFTY - HCLTECH Pair Analysis

home > strategies > pairs-trading
End-of-day divergence (Standardized residual) is 0.866.
Half life of pair is 10.5.
Real time (live) divergence is calculating using following formula:
[hcltech_price - (0.0476 * nifty_price) - 0.712]/23.3

(where 0.712 is mean error and 23.3 is standard error)
Technical strength of NIFTY is 3.25. (Support & Resistance)
Technical strength of HCLTECH is 1.7. (Support & Resistance)
Recommendation
You need to register and login with clearnifty to view detailed recommendations.
Entry Criterion: Take positions when divergence becomes (+/-)2.5. And exit positions when divergence becomes (+/-)0.0.
Stop Loss: Put your stop loss when divergence becomes more than 3.0 or less than -3.0. We suggest you always use stop losses.
Note: When you trade in futures, keep in mind the expiry date of futures as divergence might not end before expiry date.
Click here to see all recommendations for pair nifty-hcltech.
Analyse any other pair:

How to choose pairs?
Choose stocks from same sector/subsector.
Use stock with large market capitalization as first stock.

Charts

NIFTY Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
April 30, 2020 8084.5 9590325.0 255856.0 255856.0 8083.8
May 28, 2020 8103.5 1236600.0 6440.0 6440.0 8083.8
June 25, 2020 8113.75 106950.0 1066.0 1066.0 8083.8
Lot size: 75.

HCLTECH Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
April 30, 2020 406.0 22170400.0 4802.0 4802.0 405.8
May 28, 2020 414.5 117600.0 41.0 41.0 405.8
June 25, 2020 451.1 1400.0 0.0 0.0 405.8
Lot size: 1400.
Click here for backtesting results.

NIFTY-HCLTECH Analysis with different time frames and thresholds

Time Frame 1year, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 82777.5022531
Time Frame 6months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 75719.3573532
Time Frame 6months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 63557.1710209
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 61303.5976362
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 58805.9993856

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play