Premium trades: 31 January 2012

Premium trade recommendations: 31 January 2012

Currency market

1.      Hold on short December 2012 dollars at 52.80 (current 52.44). Watch t/p at 52.05 with trail stop at cost

2.      Sell April 2012 dollars in two lots at 50.85/51.00 with stop at 51.05

3.      Buy February 2012 dollars in two lots at 49.65/49.50 with stop at 49.45

4.      Sell EUR/USD in two lots at 1.3225/1.3275 with stop at 1.3300

5.      Buy EUR/USD in two lots at 1.3075/1.3025 with stop at 1.3000

6.      Buy USD/JPY in two lots at 76.00/75.50 with stop at 75.25 and t/p at 78.25

Interest rate market

1. Long 10Y bond at 8.38% (current 8.32%; up from low of 8.27%). Add at 8.32-8.35% with stop at 8.36% and t/p at 8.26%
2. Received 1Y OIS average at 8.08% (current 8.15%). Add at 8.20% with stop at 8.25% and t/p at 8.05%
3. Received 5Y OIS average at 7.33% (current 7.27%). Add at 7.38% with stop at 7.41% and t/p at 7.10%

Commodity market

1. Buy Gold in two lots at 1710/1690 with stop at 1680 and t/p in two lots at 1760/1790
2. Buy NYMEX crude in two lots at 99/98 with stop at 97 and t/p at 103

Equity market

1. Buy NIFTY in two lots at 5055/5005 with stop at 4985 and t/p at 5205
2. Sell NIFTY in two lots at 5155/5205 with stop at 5225 and t/p at 5005
3. Strategic investors to buy in 3 lots at 5050/4955/4875 with stop below 4850 for short term objective at 5400-5500.

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