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DAILY FOREX REPORT
                       29th AUGUST 2012




WWW.EPICRESEARCH.CO                        +919993959693
 HEADLINES


                                Rupee up from session low on euro gains

                                 The rupee rose further from session low of 55.8850, to
                                 55.64/65 from previous close of 55.69/70.
                                 The retreat in the rupee tracks gains in the euro after
                                 ECB President Mario Draghi decides not to attend the
                                 Fed's Jackson Hole conference later this week, citing a
                                 heavy workload.
                                Rupee erases some initial losses; down 8 paise
       TRADING TIPS
                                 against dollar

      Sell USD/INR below         The rupee recovered some of the initial losses today but
                                 was still down 8 paise at 55.77 against the dollar on
      55.61 for targets of       demand for the American currency from banks and
                                 importers.
      55.46/55.30
      Stop loss 55.80
                                              RBI REFERENCE RATE
                                                As on 28TH August 2012
       PAST
         PERFORMANCE                     UNDERLYING                  RATE

                                              USDINR                 55.78
      Sell EUR/INR below
                                              EURINR                69.621
      69.32 for targets of
                                              GBPINR                88.042
      69.20/69.05                             JPYINR                 71.01

      Stop loss 69.50
      Not Executed


www.epicresearch.co                                         +919993959693
PRODUCT        EXP DATE        OPEN      HIGH          LOW         CLOSE            LTP      CHG     PERCENTAGE
 NAME                                                                                                  CHANGE


                                  DAILY MARKET STATISTICS
 CHANA         7/19/2012       4556      4573          4525           4560        4532       -28        -0.61

                                                                                                      Prev.
  Symbol       Series/Expiry      Unit          Open           High           Low         Close
 CHILLI        7/19/2012       5060      5060          5018           5120        5018      -102        -1.99
                                                                                                      Close


 EUR-INR
  GUR           29-Aug-2012
               7/19/2012       1188EUR 118869.76001178 69.9200
                                 1                           1183.5 69.6000
                                                                         1178             69.8475
                                                                                             -5.5    69.7225
                                                                                                        -0.46

 EUR-INR
 JEERA          26-Sep-2012
               7/19/2012          1 EUR 14960
                               14955        69.8500
                                                  14650 70.2050
                                                             15052.5 69.8000
                                                                          14800           70.0675
                                                                                            -252.5   69.9175
                                                                                                        -1.68

 GBP-INR
 KAPAS          29-Aug-2012
               7/19/2012       1044GBP
                                 1       105387.90251035 88.07751049 87.8000
                                                                          1041            87.9075
                                                                                              -8     88.0400
                                                                                                        -0.76

 GBP-INR
 PEPPER         26-Sep-2012
               7/19/2012          1 GBP 42555
                               42300        88.2500
                                                  42250 88.3000
                                                              42390 88.0500
                                                                         42435            88.1400
                                                                                              45     88.2775
                                                                                                        0.11


 GBP-INR
REF SOYA        29-Oct-2012
               7/19/2012         1 GBP 783.6
                               780.5       88.3675777.4 88.5200
                                                              782.85 88.3625
                                                                          781.3           88.5200
                                                                                             -1.55   89.1650
                                                                                                         -0.2


  JPY-INR
SOY BEAN        29-Aug-2012
               7/19/2012       4309 JPY 433070.8325
                                100               4265.571.10004303 70.7325
                                                                         4315             70.7875
                                                                                              12     70.7350
                                                                                                        0.28


  JPY-INR
TURMERIC        26-Sep-2012
               7/19/2012       4600 JPY 467671.08004518 71.2900
                                100                            4664 70.9325
                                                                         4540             70.9750
                                                                                             -124    70.9350
                                                                                                        -2.66


 USD-INR
 WHEAT          29-Aug-2012
               7/19/2012       1251USD 128255.75001251 55.8650
                                 1                            1246 55.6150
                                                                        1282                  36
                                                                                          55.6775       2.89
                                                                                                     55.6850



 USD-INR       26-Sep-2012       1 USD       55.9500          56.0850        55.8500      55.9100    55.9175



 USD-INR       29-Oct-2012       1 USD       56.2900          56.3775        56.1200      56.1700    56.1925




          www.epicresearch.co                                                             +919993959693
 DAILY USD/INR CHART




ANALYSIS
OPEN: 55.8000
HIGH: 55.8650
LOW: 55.6150
CLOSE: 55.6775

      USD/INR LOOKS DOWNWARDS
      TREND: BEARISH
      STRATEGY: SELL ON RISE
 DAILY EUR/INR CHART




 ANALSIS
OPEN: 69.7600
HIGH: 69.9200
LOW: 69.6000
CLOSE: 69.8475

       EUR/INR LOOKS UPWARDS
       TREND: BULLISH
       STRATEGY: BUY ON DIPS




www.epicresearch.co                             +919993959693
FOREX FORTHCOMING DATA

TIME          CURRENCY                     DATA                  ACTUAL        FORECAST         PREVIOUS
6:00pm            USD          Prelim GDP q/q                                      1.7%            1.5%




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DAILY FOREX REPORT BY EPIC RESEARCH-29 AUGUST 2012

  • 1. DAILY FOREX REPORT 29th AUGUST 2012 WWW.EPICRESEARCH.CO +919993959693
  • 2.  HEADLINES  Rupee up from session low on euro gains The rupee rose further from session low of 55.8850, to 55.64/65 from previous close of 55.69/70. The retreat in the rupee tracks gains in the euro after ECB President Mario Draghi decides not to attend the Fed's Jackson Hole conference later this week, citing a heavy workload.  Rupee erases some initial losses; down 8 paise  TRADING TIPS against dollar Sell USD/INR below The rupee recovered some of the initial losses today but was still down 8 paise at 55.77 against the dollar on 55.61 for targets of demand for the American currency from banks and importers. 55.46/55.30 Stop loss 55.80 RBI REFERENCE RATE As on 28TH August 2012  PAST PERFORMANCE UNDERLYING RATE USDINR 55.78 Sell EUR/INR below EURINR 69.621 69.32 for targets of GBPINR 88.042 69.20/69.05 JPYINR 71.01 Stop loss 69.50 Not Executed www.epicresearch.co +919993959693
  • 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE DAILY MARKET STATISTICS CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 Prev. Symbol Series/Expiry Unit Open High Low Close CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 Close EUR-INR GUR 29-Aug-2012 7/19/2012 1188EUR 118869.76001178 69.9200 1 1183.5 69.6000 1178 69.8475 -5.5 69.7225 -0.46 EUR-INR JEERA 26-Sep-2012 7/19/2012 1 EUR 14960 14955 69.8500 14650 70.2050 15052.5 69.8000 14800 70.0675 -252.5 69.9175 -1.68 GBP-INR KAPAS 29-Aug-2012 7/19/2012 1044GBP 1 105387.90251035 88.07751049 87.8000 1041 87.9075 -8 88.0400 -0.76 GBP-INR PEPPER 26-Sep-2012 7/19/2012 1 GBP 42555 42300 88.2500 42250 88.3000 42390 88.0500 42435 88.1400 45 88.2775 0.11 GBP-INR REF SOYA 29-Oct-2012 7/19/2012 1 GBP 783.6 780.5 88.3675777.4 88.5200 782.85 88.3625 781.3 88.5200 -1.55 89.1650 -0.2 JPY-INR SOY BEAN 29-Aug-2012 7/19/2012 4309 JPY 433070.8325 100 4265.571.10004303 70.7325 4315 70.7875 12 70.7350 0.28 JPY-INR TURMERIC 26-Sep-2012 7/19/2012 4600 JPY 467671.08004518 71.2900 100 4664 70.9325 4540 70.9750 -124 70.9350 -2.66 USD-INR WHEAT 29-Aug-2012 7/19/2012 1251USD 128255.75001251 55.8650 1 1246 55.6150 1282 36 55.6775 2.89 55.6850 USD-INR 26-Sep-2012 1 USD 55.9500 56.0850 55.8500 55.9100 55.9175 USD-INR 29-Oct-2012 1 USD 56.2900 56.3775 56.1200 56.1700 56.1925 www.epicresearch.co +919993959693
  • 4.  DAILY USD/INR CHART ANALYSIS OPEN: 55.8000 HIGH: 55.8650 LOW: 55.6150 CLOSE: 55.6775 USD/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE
  • 5.  DAILY EUR/INR CHART ANALSIS OPEN: 69.7600 HIGH: 69.9200 LOW: 69.6000 CLOSE: 69.8475 EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919993959693
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