DAILY FOREX REPORT BY EPIC RESEARCH- 9 NOVEMBER 2012

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DAILY FOREX REPORT BY EPIC RESEARCH- 9 NOVEMBER 2012

  1. 1. DAILY FOREX REPORT 9TH NOVEMBER 2012WWW.EPICRESEARCH.CO +919752199966
  2. 2.  HEADLINES Rupee drops by 29 paise vs dollar in late morning trade The rupee dropped by 29 paise to 54.49 against the US currency in late morning trade on fresh dollar demand from banks and importers on the back of higher dollar in the overseas market. The rupee resumed lower at 54.55 per dollar as against the last closing level of 54.20 per dollar at the Interbank Foreign Exchange (Forex) Market. It dropped further to 54.67 per dollar before quoting at 54.49 per dollar at 1040hrs.Renewed  TRADING TIPS demand from banks and importers in view of firm dollar in the overseas market mainly affected the rupee  SELL USD/INR value against the dollar, a forex dealer said. In New BELOW 54.60 York market, the dollar rose to a two-month high FOR TGT against a basket of major currencies yesterday as fears 54.40/54.20 about going over the so-called fiscal cliff sunk US equity SL 54.80 markets in the wake of President Barack Obamas election to a second term.  PAST RBI REFERENCE RATE PERFORMANCE As on 8TH November 2012  SELL EUR/INR BELOW 69.65 UNDERLYING RATE FOR TGT USDINR 54.4403 69.45/69.25 EURINR 69.4755 SL 69.85 GBPINR 87.0010 Target Achieved JPYINR 68.1200www.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 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 27-Nov-2012 1 EUR 69.6700 69.9800 69.4550 69.5475 69.6725 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 EURINR 27-Dec-2012 1 EUR 70.1125 70.1500 69.8000 69.8475 70.0150 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 GBPINR 27-Nov-2012 1 GBP 87.1175 87.5075 86.9425 87.0300 86.8875 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Dec-2012 1 GBP 87.7500 87.7825 87.2800 87.3400 87.2350 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 JPYINR 27-Nov-2012 100 JPY 68.2100 69.4400 68.0600 68.3275 67.6125 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 JPYINR 27-Dec-2012 100 JPY 68.7600 68.7700 68.2675 68.5675 67.8350REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 USDINR 27-Nov-2012 1USD 54.5500 54.8000 54.4425 54.6000 54.3600SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 USDINR 27-Dec-2012 1 USD 54.9225 55.0675 54.7275 54.8625 54.6400TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR 29-Jan-2013 1 USD 55.2000 55.3000 54.9700 55.1100 54.8650 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 www.epicresearch.co +919752199966
  4. 4. DAILY USD/INR CHARTANALYSISOPEN: 54.6450HIGH: 54.5925LOW: 54.4500CLOSE: 54.6000  USD/INR LOOKS CONSOLIDATED  TREND: SIDEWAYS  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  5. 5. DAILY EUR/INR CHARTANALYSISOPEN: 69.6700HIGH: 69.9800LOW: 69.4550CLOSE: 69.5475  EUR/INR LOOKS CONSOLIDATED  TREND: SIDEWAYS  STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
  6. 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 1:15pm EUR French Industrial -0.9% 1.5% Production m/m 2:30pm EUR Italian Industrial -1.4% 1.7% Production m/m 7:00pm USD Import Prices m/m 0.0% 1.1% 8:25pm USD Prelim UoM Consumer 82.6 82.6 SentimentDisclaimerThe 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 information herein,together with all estimates and forecasts, can change without notice. Analyst or any person related to epic researchmight be holding positions in the stocks recommended. It is understood that anyone who is browsing through thesite has done so at his free will and does not read any views expressed as a recommendation for which either thesite or its owners or anyone can be held responsible for . Any surfing and reading of the information is theacceptance of this disclaimer.All Rights Reserved. www.epicresearch.co +919752199966Investment 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 Or

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