28.07.2012
ULTRACEMCO and ACC spread is currently at 336.50 and Max spread was at 357.15 (26th July 2012). One year correlation between ULTRACEMCO and ACC is at 83% which shows strong and health relationship.
We recommend traders to go long on ACC (1 Lot Aug futures) and short ULTRACEMCO (1 lot Aug futures) at a spread of 330-335 with Stop loss placed at 370 for target of 295, 240 in 2 to 3 months.
ACC August Future CMP : 1288.55
ULTRACEMCO August Future CMP : 1625.05
*~Outlflow(`1 lacs), Time horizon - 2 to 3 Months, Expected return 20-25%
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Thanks for giving your valuable inputs, TRENDGURUS