DAILY FOREX REPORT BY EPIC RESEARCH- 28 DECEMBER 2012

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DAILY FOREX REPORT BY EPIC RESEARCH- 28 DECEMBER 2012

  1. 1. DAILY FOREX REPORT 28TH DECEMBER 2012WWW.EPICRESEARCH.CO +919752199966
  2. 2.  HEADLINES  Rupee gains by 11 paise against dollar in early trade The rupee today strengthened by 11 paise to 54.73 against the US dollar in early trade at the Interbank Foreign Exchange, aided by selling of the American currency by exporters and banks and strong capital inflows. Besides, a higher opening in the domestic equity market and continued capital inflows, strengthening of the euro against the dollar overseas, also supported the rupee, forex dealers said. The rupee had gained 11 paise to end at one-week high of 54.84 against the US dollar in yesterdays trade on sustained selling of the US dollar by exporters and capital inflows. TRADING TIPS  Rupee down; stocks give up gains SELL USD/INR Rupee is trading down versus $ in thin trade as local stocks gave up gains, some buying on rupee futures BELOW 54.83 settlement, says dealer. Currently the pair is at 54.88/89, FOR TGT off 54.72 highs, versus 54.8350/8450 close on 54.68/54.53 Wednesday. Local stocks gave up early gains and are now SL 54.98 trading flat. Pair has short term resistance at 55.05-55.10, PAST with 55.25 to provide extremely good resistance on further PERFORMANCE rallies. SELL USD/INR REFERENCE RATE BELOW 54.89 As on 27TH December 2012 FOR TGT 54.76 SL 55.04 UNDERLYING RATE TARGET ACHIEVED USDINR 54.8465 EURINR 72.6330 GBPINR 88.5497 JPYINR 63.9800 www.epicresearch.co +919752199966
  3. 3. DAILY MARKET STATISTICSPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Symbol Series/Expiry Unit Open High Low Close Prev. Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 29-Jan-2013 1 EUR 72.8000 73.2200 72.7000 73.1800 72.7750 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 EURINR 26-Feb-2013 1 EUR 72.9000 73.4550 72.9000 73.4325 72.9975 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 29-Jan-2013 1 GBP 88.9000 89.4250 88.6500 89.3650 88.9325 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Feb-2013 42300 GBP 4255589.0000 7/19/2012 1 42250 89.6700 42390 88.8975 42435 89.6325 45 89.2150 0.11REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 29-Jan-2013 100 JPY 64.2175 64.4400 64.0125 64.4025 64.5925SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Feb-2013 100 JPY 64.2300 64.6500 64.2300 64.6025 64.7125TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 29-Jan-2013 7/19/2012 1USD 1282 55.0525 1251 1251 55.2600 1246 54.9900 1282 55.2325 36 55.1525 2.89 USDINR 26-Feb-2013 1 USD 55.2875 55.4975 55.2650 55.4750 55.4025 USDINR 27-Mar-2013 1 USD 55.5275 55.7350 55.5025 55.7175 55.6600 www.epicresearch.co +919752199966
  4. 4. DAILY USD/INR CHARTANALYSISOPEN: 54.8225HIGH: 54.8475LOW: 54.7550CLOSE: 54.8350  USD/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  5. 5. DAILY EUR/INR CHARTANALYSISOPEN: 72.5350HIGH: 72.6450LOW: 72.4500CLOSE: 72.5925  EUR/INR LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:15pm EUR French Consumer 0.0% -0.2% Spending m/m Tentative EUR Italian 10-y Bond Auction 4.45|1.2 8:15pm USD Chicago PMI 51.2 50.4 8:30pm USD Pending Home Sales m/m -0.3% 5.2% 9:30pm USD Crude Oil Inventories -1.6M -1.0MDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits themthe most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not provideindividually tailor-made investment advice. Epic research recommends that investors independently evaluate particularinvestments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not beresponsible for any transaction conducted based on the information given in this report, which is in violation of rules andregulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, togetherwith all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holdingpositions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free willand does not read any views expressed as a recommendation for which either the site or its owners or anyone can be heldresponsible for . Any surfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurredwhatsoever for any financial profits or loss which may arise from the recommendations above epic research does notpurport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919752199966

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