SUNPHARMA - LUPIN Pair Analysis

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End-of-day divergence (Standardized residual) is -1.02.
Half life of pair is 34.9.
Real time (live) divergence is calculating using following formula:
[lupin_price - (1.72 * sunpharma_price) - 0.0212]/95.3

(where 0.0212 is mean error and 95.3 is standard error)
Technical strength of SUNPHARMA is 8.3. (Support & Resistance)
Technical strength of LUPIN is 5.5. (Support & Resistance)
Recommendation
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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 sunpharma-lupin.
Analyse any other pair:

How to choose pairs?
Choose stocks from same sector/subsector.
Use stock with large market capitalization as first stock.
Here is a list of pairs chosen analytically.

Charts

SUNPHARMA Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
December 28, 2017 568.55 5488000.0 20142.0 24029.0 568.4
January 25, 2018 571.45 47535400.0 16943.0 19906.0 568.4
February 22, 2018 574.5 1981100.0 189.0 244.0 568.4
Lot size: 800.0.

LUPIN Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
December 28, 2017 880.2 1903600.0 14460.0 19882.0 880.55
January 25, 2018 886.25 14608200.0 12787.0 16213.0 880.55
February 22, 2018 890.6 120000.0 164.0 257.0 880.55
Lot size: 400.0.
Click here for backtesting results.

SUNPHARMA-LUPIN Analysis with different time frames and thresholds

Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 118608.836961
Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 109087.592475
Time Frame 6months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 61278.2706957
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 51611.7012947
Time Frame 3months, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 38981.5464046

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