Premium trades (revised) - 12/12/2011

Premium trade recommendations for 12 December 2011

Open trades:

1. Paid 5Y OIS at 7.0% (current 7.06). Take profit at 7.15% with trail stop at 7.05%
2. Short NIFTY at 4900 (current 4821). Add at 4850 with stop at 4905 and t/p at 4755
3. Short EUR/USD at 1.3400 (current 1.3340). Stop at cost and t/p at 1.3290
4. Received Feb/Nov average at 152 (current 152). Stop at 160 and t/p at 149

Fresh initiations:

1. Buy USD/INR in two lots at 52.25 and 52.15. Stop at 52.10 and t/p at 52.70
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
4. Receive 5Y OIS at 7.05-7.10% with stop at 7.15% and t/p at 6.90%
5. Buy 10Y 8.79% at 8.50-8.55% with stop at 8.58% and t/p at 8.35%

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