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DAILY FOREX REPORT
                 17TH DECEMBER 2012




WWW.EPICRESEARCH.CO                   +919752199966
 HEADLINES
                       Rupee reverses losses after inflation rate eases

                       The rupee recovered from early losses to trade higher
                       on Friday after headline inflation surprised on the
                       downside, raising hopes the RBI could start cutting
                       interest rates as early as January. India's wholesale
                       price index rose a slower-than-expected 7.24 percent in
                       November, less than the 7.6 percent estimated by a
                       Reuters poll. While most economists and market
                       participants believe the central bank may hold rates
                       steady on Dec. 18., some are now expecting that it will
                       infuse some liquidity in the form of a cash reserve ratio
                       cut. "The trending and expectation in headline inflation
                       has improved, paving way for start of rate cut cycle in
 TRADING TIPS         January-March 2013," said Moses Harding, head of
                       asset liability management at IndusInd Bank. "A CRR
 BUY EUR/INR
                       cut of 25 basis points is seen certain to maintain the
  ABOVE 71.46          positive feel," he said. The government is trying to push
  FOR TGT              through more reforms, approving steps on Thursday to
  71.66/71.86          speed   up    infrastructure    projects      and   facilitate
  SL 71.26             investment into the fertilizer sector.
 PAST
                                      REFERENCE RATE
  PERFORMANCE
                                     As on 14TH December 2012
 BUY EUR/INR
  ABOVE 71.27                    UNDERLYING                 RATE
  FOR TGT                           USDINR                 54.3880
  71.47/71.67                       EURINR                 71.2920
  SL 71.07
                                    GBPINR                 87.7822
  TARGET ACHIEVED
                                    JPYINR                 64.8600




www.epicresearch.co                                      +919752199966
DAILY MARKET STATISTICS

PRODUCT     EXP DATE         OPEN          HIGH         LOW         CLOSE        LTP      CHG     PERCENTAGE
 NAME                                                                                               CHANGE

                                                                                                    Prev.
  Symbol     Series/Expiry          Unit            Open         High         Low        Close
                                                                                                    Close
 CHANA      7/19/2012        4556          4573         4525        4560        4532      -28        -0.61

  EURINR     27-Dec-2012         1 EUR             71.3000      71.5900      71.1425    71.4675    71.2675
 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
  EURINR     29-Jan-2013         1 EUR             71.7200      71.8300      71.4050    71.7175    71.5175

 JEERA      7/19/2012        14955         14960       14650       15052.5      14800    -252.5      -1.68
  GBPINR     27-Dec-2012         1 GBP             87.9000      88.1900      87.6900    88.0175    88.0025
 KAPAS      7/19/2012        1044          1053         1035        1049        1041       -8        -0.76


  GBPINR
 PEPPER       29-Jan-2013 42300 GBP 4255588.3075
            7/19/2012         1               42250 88.4975
                                                        42390 88.0000
                                                                 42435                  88.3300
                                                                                           45      88.3025
                                                                                                     0.11


REF SOYA    7/19/2012        780.5         783.6       777.4       782.85       781.3     -1.55      -0.2
  JPYINR     27-Dec-2012        100 JPY            65.1575      65.3500      64.8800    65.2000    65.4625

SOY BEAN    7/19/2012        4309          4330        4265.5       4303        4315       12        0.28

  JPYINR     29-Jan-2013        100 JPY            65.4350      65.6025      65.1925    65.4275    65.7475
TURMERIC    7/19/2012        4600          4676         4518        4664        4540      -124       -2.66


  USDINR
 WHEAT       27-Dec-2012 12511USD 1282 54.6475
            7/19/2012                       1251 54.7275
                                                      1246                   54.3725
                                                                                 1282   54.6125
                                                                                           36      54.6225
                                                                                                     2.89



  USDINR     29-Jan-2013        1 USD              54.8825      54.9750      54.6325    54.8850    54.8775



  USDINR     26-Feb-2013        1 USD              55.1275      55.2150      54.8800    55.1375    55.1000




      www.epicresearch.co                                                               +919752199966
DAILY USD/INR CHART




ANALYSIS
OPEN: 54.6375
HIGH: 54.7250
LOW: 54.3725
CLOSE: 54.6125

    USD/INR LOOKS SIDEWAYS
    TREND: CONSOLIDATED

    STRATEGY: BUY ON DIPS




         www.epicresearch.co                         +919752199966
DAILY EUR/INR CHART




ANALYSIS
OPEN: 71.3525
HIGH: 71.5825
LOW: 71.1425
CLOSE: 71.4675

    EUR/INR LOOKS SIDEWAYS
    TREND: CONSOLIDATED
    STRATEGY: BUY ON DIPS




        www.epicresearch.co                         +919752199966
FOREX FORTHCOMING DATA
   TIME                CURRENCY                            DATA                  ACTUAL          FORECAST           PREVIOUS
  2:30pm                   EUR                 Italian Trade Balance                                                    0.41B

  3:30pm                   EUR                     Trade Balance                                                        11.3B


  7:00pm                   USD                    Empire State                                        -0.3               -5.2
                                               Manufacturing Index

  7:30pm                   USD             TIC Long-Term Purchases                                   22.3B               3.3B

 11:30pm                   USD                FOMC Member Lacker
                                                   Speaks



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.



          www.epicresearch.co                                                                       +919752199966

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Daily forex-report

  • 1. DAILY FOREX REPORT 17TH DECEMBER 2012 WWW.EPICRESEARCH.CO +919752199966
  • 2.  HEADLINES Rupee reverses losses after inflation rate eases The rupee recovered from early losses to trade higher on Friday after headline inflation surprised on the downside, raising hopes the RBI could start cutting interest rates as early as January. India's wholesale price index rose a slower-than-expected 7.24 percent in November, less than the 7.6 percent estimated by a Reuters poll. While most economists and market participants believe the central bank may hold rates steady on Dec. 18., some are now expecting that it will infuse some liquidity in the form of a cash reserve ratio cut. "The trending and expectation in headline inflation has improved, paving way for start of rate cut cycle in  TRADING TIPS January-March 2013," said Moses Harding, head of asset liability management at IndusInd Bank. "A CRR  BUY EUR/INR cut of 25 basis points is seen certain to maintain the ABOVE 71.46 positive feel," he said. The government is trying to push FOR TGT through more reforms, approving steps on Thursday to 71.66/71.86 speed up infrastructure projects and facilitate SL 71.26 investment into the fertilizer sector.  PAST REFERENCE RATE PERFORMANCE As on 14TH December 2012  BUY EUR/INR ABOVE 71.27 UNDERLYING RATE FOR TGT USDINR 54.3880 71.47/71.67 EURINR 71.2920 SL 71.07 GBPINR 87.7822 TARGET ACHIEVED JPYINR 64.8600 www.epicresearch.co +919752199966
  • 3. DAILY MARKET STATISTICS PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE Prev. Symbol Series/Expiry Unit Open High Low Close Close CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 EURINR 27-Dec-2012 1 EUR 71.3000 71.5900 71.1425 71.4675 71.2675 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 EURINR 29-Jan-2013 1 EUR 71.7200 71.8300 71.4050 71.7175 71.5175 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Dec-2012 1 GBP 87.9000 88.1900 87.6900 88.0175 88.0025 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 29-Jan-2013 42300 GBP 4255588.3075 7/19/2012 1 42250 88.4975 42390 88.0000 42435 88.3300 45 88.3025 0.11 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 27-Dec-2012 100 JPY 65.1575 65.3500 64.8800 65.2000 65.4625 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 29-Jan-2013 100 JPY 65.4350 65.6025 65.1925 65.4275 65.7475 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 27-Dec-2012 12511USD 1282 54.6475 7/19/2012 1251 54.7275 1246 54.3725 1282 54.6125 36 54.6225 2.89 USDINR 29-Jan-2013 1 USD 54.8825 54.9750 54.6325 54.8850 54.8775 USDINR 26-Feb-2013 1 USD 55.1275 55.2150 54.8800 55.1375 55.1000 www.epicresearch.co +919752199966
  • 4. DAILY USD/INR CHART ANALYSIS OPEN: 54.6375 HIGH: 54.7250 LOW: 54.3725 CLOSE: 54.6125  USD/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  • 5. DAILY EUR/INR CHART ANALYSIS OPEN: 71.3525 HIGH: 71.5825 LOW: 71.1425 CLOSE: 71.4675  EUR/INR LOOKS SIDEWAYS  TREND: CONSOLIDATED  STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
  • 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 2:30pm EUR Italian Trade Balance 0.41B 3:30pm EUR Trade Balance 11.3B 7:00pm USD Empire State -0.3 -5.2 Manufacturing Index 7:30pm USD TIC Long-Term Purchases 22.3B 3.3B 11:30pm USD FOMC Member Lacker Speaks 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. www.epicresearch.co +919752199966