Daily forex-report by epic reseach 23 august 2013


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Daily forex-report by epic reseach 23 august 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. EURINR Chart, Levels and Charts Justification. 3. Technical outlook of EURINR. 4. Near Team Outlook for Euro.
  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 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 13-Aug-2013 61.4343 95.0757 81.7770 63.0900 12-Aug-2013 60.8025 94.2074 81.0345 63.0700 08-Aug-2013 61.1150 94.7710 81.5420 63.4400 07-Aug-2013 61.3940 94.1723 81.6990 63.2200
  4. 4. INDIAN FOREX DAILY NEWSLETTER 3 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 EUR/INR DAILY TECHNICAL LEVELS EUR/INR DAILY CANDLESTICK CHART S2 – 85.1567 S1 – 85.7083 PIVOT – 86.6117 R1 – 87.1633 R2 – 88.0667 TECHNICAL OUTLOOK: EUR/INR (NSE/MCX-SX) has closed at the level of @86.2600. If it small bounce back level of @86.65 can sell the EUR/INR and touch the level of @85.11 and @84.49 respectively.
  5. 5. INDIAN FOREX DAILY NEWSLETTER 4 | P a g e WWW.EPICRESEARCH.CO CALL: +917316642300 NEAR TERM OUTLOOK FOR EURO: EUR/ INR July futures contract (NSE) View: Bearish on EUR Sell at 86.65 Market Lot: EUR 1000 Target: 85.11 / 84.49 Stop Loss: 87.65 Support: S1/ S2: 85.7083 / 85.1567 Resistance: R1/R2: 87.1633 / 88.0667
  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