Premium trades for 12 December 2011

Premium trade recommendations for 12 December 2011

Open trades:

1. Paid 5Y OIS at 7.0% (current 7.09). Take profit at 7.15% with trail stop at cost
2. Short NIFTY at 4900 (current 4866). Add at 4950 with stop at 4975 and t/p at 4755
3. Short EUR/USD at 1.3400 (current 1.3350). Stop at cost and t/p at 1.3275
4. Received Feb/Nov average at 152 (current 155). Stop at 160 and t/p at 149

Fresh initiations:

1. Buy USD/INR in two lots at 52.10 and 52.00. Stop at 51.95 and t/p at 52.35
2. Sell Gold in two lots at 1700-1705 and 1710-1715 with stop at 1720 and t/p at 1665
3. Sell NYMEX crude at 100-102 with stop at 103 and t/p at 95

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

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