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Daily forex-report 29-08-2013


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Daily forex-report 29-08-2013

  1. 1. INDIAN FOREX REPORT EPIC Research Report This Report contains all the study and strategy required by trader to trade on INDIAN FOREX MARKET (NSE-FX AND MCX-SX). Refer to the chart attracted in the Report to take proper Trading Decision. Research Analyst: Nilesh Jain INDEX WATCH: 1. RBI Reference Rate (USD/ GBP/ EURO/ YEN) 2. JPYINR Chart, Levels and Charts Justification. 3. Technical outlook of JPYINR. 4. Near Team Outlook for Yen.
  3. 3. INDIAN FOREX DAILY NEWSLETTER 2 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 RBI DAILY REFRENCE RATES Trade Date 1 USD 1 GBP 1 EURO 100 YEN 28-Aug-2013 68.3611 106.0281 91.4682 70.2500 27-Aug-2013 65.6675 102.1983 87.7460 66.9500 26-Aug-2013 64.2347 100.0070 85.9342 65.2100 23-Aug-2013 64.6880 100.7968 86.3035 65.3200 22-Aug-2013 65.4207 102.0955 87.3176 66.6200 21-Aug-2013 63.4605 99.4172 85.1205 65.0200 20-Aug-2013 63.7335 99.7875 85.0698 65.5100 19-Aug-2013 62.3461 97.3721 83.0686 63.8300 16-Aug-2013 61.8195 96.5682 82.4510 63.2900 14-Aug-2013 61.5160 94.9869 81.6266 62.5600
  4. 4. INDIAN FOREX DAILY NEWSLETTER 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 JPY/INR DAILY TECHNICAL LEVELS JPY/INR DAILY CANDLESTICK CHART S2 – 67.7617 S1 – 69.2558 PIVOT – 70.5967 R1 – 72.0908 R2 – 73.4317 TECHNICAL OUTLOOK: JPY/INR (NSE/MCX-SX) has closed at the level of @70.7500. If JPY/INR sustains above the level of @71.28 then it can touch the level of @71.93 and @72.15 respectively.
  5. 5. INDIAN FOREX DAILY NEWSLETTER 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NEAR TERM OUTLOOK FOR YEN: JPY/ INR July futures contract (NSE) View: Bullish on JPY Buy above 71.28 Market Lot: JPY 1000 Target: 71.93 / 72.15 Stop Loss: 70.00 Support: S1/ S2: 69.2558 / 67.7617 Resistance: R1/R2: 72.0908 / 73.4317
  6. 6. INDIAN FOREX DAILY NEWSLETTER 5 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 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.
  7. 7. INDIAN FOREX DAILY NEWSLETTER 6 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 CONTACT US: WWW.EPICRESEARCH.CO Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639