DAILY FOREX REPORT BY EPIC RESEARCH-18 OCTOBER 2012

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DAILY FOREX REPORT BY EPIC RESEARCH-18 OCTOBER 2012

  1. 1. DAILY FOREX REPORT 19th OCTOBER 2012WWW.EPICRESEARCH.CO +919752199966
  2. 2.  HEADLINES Rupee loses at open; oil demand watched The rupee loses to 52.99-53.00 versus its previous close of 52.87-52.88 in early trade tracking overnight losses in the euro compared to levels seen during end of domestic trade on Wednesday. Slight dip in the euro levels from late in the domestic session on Wednesday hurts sentiment for the local unit. However, most other Asian units were stronger compared to the dollar, and that is seen limiting sharp gains in the USD/INR.Traders expect good dollar demand from oil firms to continue to pressure the pair TRADING TIPS higher. 52.80 to 53.30 is expected to be the band for the day. Domestic share market performance would BUY EUR/INR be another key element which is expected to provide ABOVE 69.83 direction to the pair. For targets of Rupee recovers marginally against USD; still 69.98/70.13 down 16 paise Stop loss 69.68 The rupee recovered some of its initial losses against PAST the American currency but was still down by 16 paise at 53.03 on fresh dollar demand from banks and PERFORMANCE importers despite its weakness in global market. BUY EUR/INR ABOVE 69.47 RBI REFERENCE RATE For targets of As on 18 Th October 2012 69.62/69.77 Stop loss 69.32 UNDERLYING RATE Target Achieved USDINR 52.9690 EURINR 69.4560 GBPINR 85.4549 JPYINR 66.9400www.epicresearch.co +919752199966
  3. 3. DAILY MARKET STATISTICSPRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Prev. Symbol Series/Expiry Unit Open High Low Close Close CHANA EURINR 7/19/2012 29-Oct-2012 4556 1 EUR 4573 69.3400 452569.97754560 69.3400 4532 69.8375 -28 -0.61 69.4700 CHILLI EURINR 7/19/2012 27-Nov-2012 5060 1 EUR 5060 69.6950 501870.19005120 69.6500 5018 70.0225 -102 -1.99 69.6825 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 GBPINR 29-Oct-2012 1 GBP 85.4850 86.1400 85.3800 86.0375 85.6050 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Nov-2012 1 GBP 85.7775 86.4000 85.7400 86.3425 85.8425 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 JPYINR 29-Oct-2012 100 JPY 67.0000 67.3400 66.8100 67.2375 67.2875 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 JPYINR 27-Nov-2012 100 JPY 67.2150 67.5150 67.1000 67.4600 67.4850REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 USDINR 29-Oct-2012 1USD 52.9000 53.4400 52.8625 53.3425 52.9600SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 USDINR 27-Nov-2012 1 USD 53.1800 53.6600 53.1800 53.5750 53.1850TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR 27-Dec-2012 1 USD 53.4175 53.8800 53.4175 53.8050 53.4225 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 www.epicresearch.co +919752199966
  4. 4. DAILY USD/INR CHARTANALYSISOPEN: 52.8625HIGH: 53.4400LOW: 52.8625CLOSE: 53.3425  USD/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  5. 5. DAILY EUR/INR CHARTANALSISOPEN: 69.4700HIGH: 69.9775LOW: 69.3400CLOSE: 69.8375  EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 2:00pm GBP Public Sector Net -11.9B 12.4B Borrowing 7:30pm USD Retail Sales m/m 4.73M 4.82MDisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose theproduct/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis 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 doesnot provide individually tailor-made investment advice. Epic research recommends that investors independentlyevaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.Epic research shall not be responsible for any transaction conducted based on the information given in this report,which is in violation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epicresearch might be holding positions in the stocks recommended. It is understood that anyone who is browsingthrough the site has done so at his free will and does not read any views expressed as a recommendation for whicheither the site or its owners or anyone can be held responsible for . Any surfing and reading of the information isthe 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 lossincurred whatsoever for any financial profits or loss which may arise from the recommendations above epicresearch does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid OrUnpaid), www.epicresearch.co +919752199966 Any third party or anyone else have no rights to forward or share our calls or SMS or Report or AnyInformation Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.

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