Premium trades : 18 JANUARY 2012

Premium trade recommendations: 18 January 2012

Currency market:

1.     3M forward dollars has now completed two rounds of end-to-end move between 53.25 and 51.75) and now at 51.75. Now, buy January 2012 dollars in two lots at 50.65/50.50 with stop below 50.45 and sell 3M forward dollars at 52.00-52.25.

2.     Short (first lot) in EUR/USD at 1.2800. Add second lot at 1.2875 with stop above 1.2900 and t/p at 1.2550

3.     Sell USD/JPY at 77.25-77.50 with stop at 77.75

4.     Buy USD/JPY in two lots at 76.50-76.25 (missed entry with low at 76.54) and 75.75-75.50 with stop at 75.25

Interest rate market:

1.     Got entry and exit in 10Y bond at 8.14% and 8.24% respectively (and narrowly missed the buy entry of 8.26%). Now, buy at 8.26-8.29% with stop at 8.31% and t/p at 8.11%

2.     Hold on to 1Y OIS received at 8.0% for t/p at 7.75% (missed t/p narrowly before rally into higher end of receive zone)

3.     Hold on to 5Y OIS received at 7.23% (missed t/p narrowly before rally into 7.27%. Add at 7.30% for t/p at 7.05-7.0%

4.     Receive S/April at/above 8% (112.50) and S/December at/above 5.75-5.90% (277-284) with stop above 6% (289)

Commodity market:

1.     Short first lot in NYMEX crude at 100.50. Add second lot at 102.50 (with stop at 103.50) for 95.50-93.50

2.     Short first lot in Gold at 1660. Add second lot at 1680 (with stop above 1690) for 1630-1620

Equity market:

1.     Short NIFTY average at 4935. Hold with stop above 5000 for 4750-4650

2.     Strategic investors to buy in two lots at 4650-4625 and 4550-4525 with stop below 4500 for 4950-5000

3.     Strategic investors to unlock entry of first lot at 4550 for 500 pip trade at 5050.

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