Premium trades: 01 February 2012

Premium trade recommendations: 01 February 2012

Closed out trades:

1. Long 10Y bond entered at 8.38%; added at 8.33% and reversal from there hit t/p of 8.26% (low of 8.23%)

Currency market

1. Hold on to short December 2012 dollars at 52.80 (current 52.19). Watch t/p at 51.80 with trail stop at 52.40
2. Sell April 2012 dollars in two lots at 50.70/50.85 (close at 50.49) with stop at 51.00
3. Buy February 2012 dollars in two lots at 49.55/49.40 (close at 49.78) with stop at 49.25
4. Sell EUR/USD in two lots at 1.3100/1.3125 with stop at 1.3150 (missed sell at 1.3225 saw high of 1.3213 after capturing the earlier high to 1.3230)
5. Buy EUR/USD in two lots at 1.2925/1.2875 with stop at 1.2850
6. Buy USD/JPY in two lots at 76.00/75.50 with stop at 75.25 and t/p at 78.25 (saw low of 76.18)

Interest rate market

1. Received 1Y OIS average at 8.08% (current 8.16%). Add at 8.20% with stop at 8.25% and t/p at 8.05%
2. Received 5Y OIS average at 7.33% (current 7.31%). Add at 7.37% with stop at 7.41% and t/p at 7.20%
3. Received Feb/Dec premium at 244 (current 240). Hold to sell February 2012 dollars at 49.96 (for effective short December 2012 dollars at 52.40)
4. Buy 10Y bond in two lots at 8.29-8.30% and 8.32-8.33% with stop at 8.35% and t/p at 8.21%
5. Sell 10Y bond in two lots at 8.20-8.19% and 8.17-8.16% with stop at 8.14% and t/p at 8.29%

Commodity market

1. Buy Gold in two lots at 1730/1720 with stop at 1710 and t/p at 1760.
2. Sell Gold in two lots at 1760/1770 with stop at 1780 and t/p at 1730
3. Strategic investors can buy in three lots at 1730/1710/1690 with stop below 1680 for 1790
4. Long NYMEX crude average at 98.5 (current 98.5). Hold with stop below 97 and t/p at 101.5
5. Sell NYMEX crude in two lots at 102/103 with stop at 104 and t/p at 99.

Equity market

1. Buy NIFTY in two lots at 5150/5125 with stop at 5100 and t/p at 5245
2. Short NIFTY at average of 5180 (close at 5199). Hold with stop at 5225 and t/p at 5125
3. Strategic investors to buy in 3 lots at 5050/4950/4875 with stop below 4850 for short term objective at 5400-5500.

Good luck.................Moses Harding