Friday, December 9, 2011

status update on premium trades

Rupee held well above the s/l at 52.15 (low of 52.16) before triggering the sell at 52.35.

Closed out trades for rupee:

1. Long entered at 51.75-51.70 out at 52.28
2. Long entered at 51.35 out at 52.35

Open trades:

1. Paid 5Y OIS first lot at 7.0% (low at 6.99). Now, add second one at 6.95%; third one at 6.90% with stop at 6.85%)
2. Short NIFTY first lot at 4900 (high at 4902). Now add second one at 4950 with stop at 4975.

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

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