Premium trade recommendations (for strategic players):
USD/INR Spot:
1. To sell in two lots at 52.35/52.45 with stop at 52.55 (watch this space for t/p)
2. To buy in two lots at 51.65/51.55 with stop at 51.45 (watch this space for t/p)
3. t/p for long entered at 51.35 is at 52.65 with trail stop at 52.15
4. Long entered at 51.75-51.70 yesterday is out today at 52.28 (see previous update)
EUR/USD:
1. To buy in three lots at 1.3250/1.3200/1.3150 with stop at 1.3125
2. To sell in two lots at 1.3375/1.3425 with stop at 1.3459 and t/p at 1.3250
USD/JPY:
1. To buy in two lots at 77.25/76.75 with stop at 76.50 and t/p at 78.00
2. To sell in two lots at 77.75/78.25 with stop at 78.50 and t/p at 77.25
FX premium:
1. Receive Feb/Nov at 3.75-3.90% (149-155) with stop at 4% (160)
Gold:
1. To sell in two lots at 1740/1755 with stop at 1765 and t/p at 1705
2. To buy in two lots at 1675/1660 with stop at 1655 and t/p at 1705
NYMEX Crude:
1. To sell in two lots at 100.5/102.5 with stop at 103.5 and t/p at 95.5
2. To buy in two lots at 95.5/93.5 with stop at 92.5 and t/p at 100.5
Bonds/OIS:
1. Having chased 10Y from 9.0 to 8.5%; recommend to stay away
2. Pay 5Y OIS at 7.0-6.90% with stop at 6.85% and t/p at 7.20%
3. Receive 1Y OIS at 7.85-7.95% with stop at 8% and t/p at 7.65%
NIFTY
1. To sell in two lots at 4900/4950 with stop at 4975 and t/p at 4750
Good luck.................Moses Harding
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