WEEKLY FOREX REPORT BY EPIC RESEARCH-09 APRIL 2012

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WEEKLY FOREX REPORT BY EPIC RESEARCH-09 APRIL 2012

  1. 1. weekly Forex Report (09 APR 2012)Weekly News  Rupee falls as Fed view boosts dollar.  SEBI listing guidelines painful, but doable.  Call/Put Options: Valid?  Eurozone composite PMI confirms contraction.Weekly trends of the market  Rupee fell on Wednesday weighed by gains in the dollar after expectations of fresh monetary stimulus in the United States faded and local oil importers looked to cover payment obligations before the long weekend.  Rupee ended at 51.06/07 per dollar, 0.71 per cent down from Tuesdays close of 50.70/71 per dollar  The much vexed issue of options has found some clarity; thanks to the Bombay High Courts decision in the MCX_SX case. As you know, for some time now, SEBI has held that call & put options, tag & drag rights and the like are not legally valid as they violate the Securities Contract Regulation Act, Sections 16 & 18(a). And in some cases courts have cited free transferability contained in Section 111(a) of the companies act to strike down ROFRs.
  2. 2. www.epicresearch.co +919993959693 WEEKLY CHARTS EUR/USD USD/JPY www.epicresearch.co +919993959693
  3. 3. www.epicresearch.co +919993959693 GBP/USD USD/INR www.epicresearch.co +919993959693
  4. 4. www.epicresearch.co +919993959693 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate 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 information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible 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 incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.epicresearch.co +919993959693

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