DAILY FOREX REPORT BY EPIC RESEARCH-23 OCTOBER 2012
DAILY FOREX REPORT 23RD OCTOBER 2012WWW.EPICRESEARCH.CO +919752199966
HEADLINES Rupee falls at open; debt limit auction flows seen The rupee opened weaker but was flat at 53.84-53.85 as some dollar inflows from investors looking to bid at the foreign institutional investor debt limit auction later in the day seen, traders say."There are some flows from FIIs looking to bid at the auction. Exporters are likely to step in only around 54 levels," said a senior dealer with a state-run bank.USD/INR is seen holding in a 53.60 to 53.95 range with a sell on upticks strategy. Domestic shares will also be watched TRADING TIPS for cues on fund flows during the day. BUY EUR/INR RBI REFERENCE RATE ABOVE 69.95 As on 22ND October 2012 For targets of 70.15/70.35 UNDERLYING RATE Stop loss 69.75 USDINR 53.6735 PAST EURINR 70.0675 PERFORMANCE GBPINR 86.0494 BUY EUR/INR ABOVE 70.39 JPYINR 67.4500 For targets of 70.54/70.69 Stop loss 70.24 Target Achievedwww.epicresearch.co +919752199966
FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 6:30pm EUR Belgium NBB Business -10.8 -11.6 Climate 7:30pm EUR Consumer Confidence -26 -26 7:30pm USD Richmond Manufacturing 3 4 Index 10:30pm GBP BOE Gov King SpeaksDisclaimerThe 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 the product/sthat 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 does notprovide individually tailor-made investment advice. Epic research recommends that investors independently evaluateparticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic researchshall not be responsible for any transaction conducted based on the information given in this report, which is inviolation 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 the sitehas done so at his free will and does not read any views expressed as a recommendation for which either the site orits owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance ofthis disclaimer.All Rights Reserved. www.epicresearch.coInvestment in equity & bullion market has its own risks. +919752199966We, 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 doesnot purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Anythird party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Providedby us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can betaken.