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DAILY FOREX REPORT
16th
MAY 2013
WWW.EPICRESEARCH.CO +919752199966
www.epicresearch.co +919752199966
 HEADLINES

Rupee stuck in range as strong shares offset
weak euro
The rupee was trading at 54.80/81 versus its close of
54.81/82 as gains in the domestic share market are
offset by the euro's losses versus the dollar.
Sterling falls to 6-week low versus dollar
The pound fell 0.1 percent on the day to $1.5192,
breaking below reported stop loss sell orders through
$1.5200 to mark its lowest since early April.
Swiss franc sets fresh 9 month low vs dollar
The dollar-franc has eroded the 200-week moving
average at 9630, immediate pressure is maintained,"
said Commerzbank technical analysts in a note.
RBI REFERENCE RATE
As on 15 th APRIL 2013
UNDERLYING RATE
USDINR 54.7835
EURINR 70.7189
GBPINR 83.3800
JPYINR 53.55
 TRADING TIPS
 BUY JPY /INR
ABOVE 53.60
for TGTS of
53.72 /53.86
 TRADING TIPS
 BUY GBP/INR
ABOVE 84.40 for TGTS
of 84.52/54.64
2 nd tgt achieve
PRODUCT
NAME
EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
CHANGE
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
www.epicresearch.co +919752199966
DAILY MARKET STATISTICS
Symbol Series/Expiry Unit Open High Low Close
Prev.
Close
EUR-INR 29-MAY-2013 1 EUR 71.1000 71.3800 70.9050 71.1975 70.9450
EUR-INR 26-JUNE-2013 1 EUR 71.5000 71.7800 71.3050 71.6175 71.2400
GBP-INR 29-MAY-2013 1 GBP 82.9400 83.1425 82.5050 82.6925 84.2800
GBP-INR 26-JUNE-2013 1 GBP 83.3525 83.5875 82.9450 83.1100 84.6900
JPY-INR 29-MAY-2013 100 JPY 55.2050 55.5975 54.7450 55.4875 55.3300
JPY-INR 26-JUNE-2013 100 JPY 55.3350 55.9200 55.0900 55.7975 55.6500
USD-INR 29-MAY-2013 1 USD 54.1225 54.2725 53.7825 54.2275 54.2300
USD-INR 26-JUNE-2013 1 USD 54.4825 54.5550 54.0750 54.5125 54.5700
USD-INR 29-MAY-2013 1 USD 54.7800 54.8650 54.3900 54.8200 54.8675
 DAILY USD/INR CHART
ANALYSIS
OPEN: 54.95
HIGH: 55.18
LOW: 54.95
CLOSE: 54.96
 USD/INR LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
 54.2995
 DAILY EUR/INR CHART
ANALYSIS
OPEN 71.34 HIGH 71.52 LOW 71.26 CLOSE 71.45
www.epicresearch.co +919752199966
FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
11:30am EURINR German CPI (MoM) - 0.5 %
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
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Daily forex-report16-may-2013

  • 1. DAILY FOREX REPORT 16th MAY 2013 WWW.EPICRESEARCH.CO +919752199966
  • 2. www.epicresearch.co +919752199966  HEADLINES  Rupee stuck in range as strong shares offset weak euro The rupee was trading at 54.80/81 versus its close of 54.81/82 as gains in the domestic share market are offset by the euro's losses versus the dollar. Sterling falls to 6-week low versus dollar The pound fell 0.1 percent on the day to $1.5192, breaking below reported stop loss sell orders through $1.5200 to mark its lowest since early April. Swiss franc sets fresh 9 month low vs dollar The dollar-franc has eroded the 200-week moving average at 9630, immediate pressure is maintained," said Commerzbank technical analysts in a note. RBI REFERENCE RATE As on 15 th APRIL 2013 UNDERLYING RATE USDINR 54.7835 EURINR 70.7189 GBPINR 83.3800 JPYINR 53.55  TRADING TIPS  BUY JPY /INR ABOVE 53.60 for TGTS of 53.72 /53.86  TRADING TIPS  BUY GBP/INR ABOVE 84.40 for TGTS of 84.52/54.64 2 nd tgt achieve
  • 3. PRODUCT NAME EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 www.epicresearch.co +919752199966 DAILY MARKET STATISTICS Symbol Series/Expiry Unit Open High Low Close Prev. Close EUR-INR 29-MAY-2013 1 EUR 71.1000 71.3800 70.9050 71.1975 70.9450 EUR-INR 26-JUNE-2013 1 EUR 71.5000 71.7800 71.3050 71.6175 71.2400 GBP-INR 29-MAY-2013 1 GBP 82.9400 83.1425 82.5050 82.6925 84.2800 GBP-INR 26-JUNE-2013 1 GBP 83.3525 83.5875 82.9450 83.1100 84.6900 JPY-INR 29-MAY-2013 100 JPY 55.2050 55.5975 54.7450 55.4875 55.3300 JPY-INR 26-JUNE-2013 100 JPY 55.3350 55.9200 55.0900 55.7975 55.6500 USD-INR 29-MAY-2013 1 USD 54.1225 54.2725 53.7825 54.2275 54.2300 USD-INR 26-JUNE-2013 1 USD 54.4825 54.5550 54.0750 54.5125 54.5700 USD-INR 29-MAY-2013 1 USD 54.7800 54.8650 54.3900 54.8200 54.8675
  • 4.  DAILY USD/INR CHART ANALYSIS OPEN: 54.95 HIGH: 55.18 LOW: 54.95 CLOSE: 54.96  USD/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS  54.2995
  • 5.  DAILY EUR/INR CHART ANALYSIS OPEN 71.34 HIGH 71.52 LOW 71.26 CLOSE 71.45 www.epicresearch.co +919752199966
  • 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 11:30am EURINR German CPI (MoM) - 0.5 % 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.