Premium trade recommendations: 12 January 2012
Currency market:
1. Buy USD/INR in two lots at 51.65/51.50 with stop at 51.45 and t/p at 52.35
2. Sell USD/INR in two lots at 52.05/52.20 with stop at 52.25 and t/p at 51.35
3. Hold short EUR/USD at 1.2750. Add at 1.2800 with stop at 1.2850 and t/p at 1.2575
4. Sell USD/JPY in two lots at 77.75/78.25 with stop at 78.50 and t/p at 76.25
5. Buy USD/JPY in two lots at 76.00/75.50 with stop at 75.25 and t/p at 77.50
6. Sell March 2012 dollars in two lots at 52.75/53.25 with stop at 53.50
7. Buy March 2012 dollars in two lots at 52.25/51.75 with stop at 51.50
Interest Rate market:
1. Sell 10Y bond at 8.20-8.15% with stop at 8.13% and t/p at 8.30%
2. Buy 10Y bond at 8.30-8.35% with stop at 8.37% and t/p at 8.20%
3. Receive 1Y OIS at 7.90-8.0% with stop at 8.05% and t/p at 7.75-7.65%
4. Receive 5Y OIS at 7.20-7.30% with stop at 7.35% and t/p at 7.05-6.95%
5. Pay 12M FX premium at 4.85-4.60% with stop at 4.5% and t/p at 5.45%
6. Receive 12M FX premium at 5.50-5.65% with stop at 5.75% and t/p at 5.0%
Commodity market:
1. Sell Gold in two lots at 1665/1680 with stop at 1690 and t/p at 1610
2. Buy Gold in two lots at 1610/1595 with stop at 1585 and t/p at 1665
3. Hold short NYMEX crude entered at 103. Add at 104.50 with stop at 105.50
4. Buy NYMEX crude at 100/98.50 with stop at 97.50
Equity market:
1. Sell NIFTY at 4950-5000 with stop at 5025 and t/p at 4775
2. Buy NIFTY at 4750-4700 with stop at 4675 and t/p at 4925
Good luck................Moses Harding
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