Premium trades for 15 DEC 2011

Premium trade recommendations for 15 December 2011

Open trades:

1. Sold NIFTY at average 4800 (current 4763). Add at 1.4830 with stop at 1.4860 and t/p at 4650
2. Short March 2012 dollars at 54.65 (first lot). Add second lot at 55.35 with stop at 55.50

Fresh initiations:

1. Buy spot USD/INR in two lots at 53.50/53.00 with stop below 52.75 and t/p at 54.75
2. Sell EUR/USD in three lots at 1.3050/1.3150/1.3250 with stop at 1.3275 and t/p at 1.2650
3. Buy USD/JPY in two lots at 77.75/77.50 with stop at 77.25 and t/p at 78.50
4. Pay 5Y OIS in two lots at 7.03/6.98 with stop at 6.93% and t/p at 7.40%
5. Sell NYMEX crude in two lots at 97/99 with stop at 100.5 and t/p at 90.5
6. Sell Gold in two lots at 1590/1605 with stop at 1615 and t/p at 1510

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