Premium trades for 13 December 2011

Premium trade recommendations for 13 December 2011

Open trades:

1. Received Feb/Nov average at 152 (current 146). Stop at 160 and t/p at 130
2. Received 5Y OIS at 7.05% (current 7.04). Add at 7.08-7.13 with stop at 7.15% and t/p at 6.90%

Fresh initiations:

1. Buy USD/INR in two lots at 52.65 and 52.50. Stop at 52.35 and t/p at 53.65
2. Sell Gold at 1680-1685 with stop at 1690 and t/p at 1620
3. Sell NYMEX crude at 100-102 with stop at 103 and t/p at 95
4. Buy 10Y 8.79% at 8.50-8.55% with stop at 8.58% and t/p at 8.35%
5. Sell EUR/USD in two lots at 1.3250/1.3300 with stop at 1.3325 and t/p at 1.3005
6. Sell NIFTY in two lots at 4775/4825 with stop at 4855 and t/p at 4675

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. Short EUR/USD at 1.3400 out at 1.3295
5. Short NIFTY at 4900 out at 4755

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