MH Indicator: Intra-day case study- Nifty 50 Vs. HUL

During the month of October 2022 (30 September 2022 to 25 October 2022), the pair strategy of Nifty 50 Vs Hindustan Unilever (HUL) was executed in the Future segment for which a total investment of INR 3,00,000 was required. MH Indicator was used for identifying the opportunities of Buying one asset (under valued) and simultaneous Selling of another asset (over valued) and vice-versa. The details of execution of strategy have also been duly marked in the chart given above.

Results: The pair strategy gave a return of 8.09% (Profit 24,275).

However, the return on Nifty was only 3.17% and on HUL it was -6.29%