Premium trades - 16 DEC 2011

Premium trade recommendations for 16 December 2011

Open trades:

1. Sold NIFTY at average 4800 (current 4746). Add at 1.4830 with stop at 1.4860 and t/p at 4680 (missed earlier t/p of 4650 by 23 points; low of 4673)
2. Short March 2012 dollars at 54.65 (missed second lot of 55.35 by 5 paisa; low of 55.30). Add second lot at 54.15 with stop at cost and t/p at 53
3. Bought USD/JPY at 77.75. Add second lot at 77.50 with stop at 77.25 and t/p at 78.50/79.00
4. Paid 5Y OIS at average 7.01 (current 7.10%). t/p at 7.15 and trail stop at 7.05%
5. Short Gold at 1590. Stop at 1610 and t/p at 1530

Fresh initiations:

1. Sell EUR/USD in two lots at 1.3075/1.3150 with stop at 1.3175 and t/p at 1.2790
2. Buy 12M forward dollars at 53.50-54.00 with stop at 53 and t/p at 56
3. Sell 3M forward dollars at 54.00-54.50 with stop at 54.75 and t/p at 52
4. Sell NYMEX crude at 94-96 with stop at 97 and t/p at 91

Closed out trades:

1. Long USD/INR entered at 51.35 exited at 52.35
2. Long USD/INR entered at 51.70 exited at 52.28
3. Paid 5Y OIS at 7.0% out at 7.05%
4. Received 5Y at 7.05% out at 6.97%
5. Short EUR/USD at 1.3400 out at 1.3295
6. Short NIFTY at 4900 out at 4755
7. Received Feb/Nov at 152 out at cost after seeing low of 137
8. Short NYMEX crude at 100 out at 97.50

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