This Indian forex report provides analysis and trading strategies for the Indian forex market. It includes the daily reference rates for USD, GBP, Euro, and Yen set by the Reserve Bank of India. The report also provides a technical analysis of USD/INR including daily technical levels, charts and near-term trading outlook recommending a bearish position on the USD below 62.60. Disclaimers are also included.

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. USDINR Chart, Levels and Charts Justification.
3. Technical outlook of USDINR.
4. Near Team Outlook for Rupee.

2. INDIAN FOREX DAILY NEWSLETTER
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FOREX TECHICAL REPORT……!!!!
17- SEPTEMBER-2013, TUESDAY

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RBI DAILY REFRENCE RATES
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
16-Sep-2013 62.4840 99.6620 83.4960 63.2300
13-Sep-2013 63.7890 100.7037 84.6675 63.8800
12-Sep-2013 63.6673 100.7089 84.7230 64.1000
11-Sep-2013 63.9035 100.4691 84.6510 63.6800
10-Sep-2013 64.2162 100.8259 85.2073 64.2800
06-Sep-2013 65.9600 102.9108 86.5828 66.0900
05-Sep-2013 66.0430 103.1063 86.9940 66.1800
04-Sep-2013 67.0289 104.3171 88.2374 67.1800
03-Sep-2013 66.8875 103.9499 88.0950 67.1800
02-Sep-2013 65.8608 102.5189 87.0575 66.8400

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USD/INR DAILY TECHNICAL LEVELS
USD/INR DAILY CANDLESTICK CHART
S2 – 62.0892 S1 – 62.6058 PIVOT – 63.1792 R1 – 63.6958 R2 – 64.2692
TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @63.1225. If USD/INR breaks the level of 62.60 then it can touch the level of
@62.32 and @61.96 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:
USD/ INR July futures contract (NSE) View: Bearish on USD
Sell below 62.60 Market Lot : USD 1000
Target : 62.32 / 61.96 Stop Loss : 63.60
Support: S1/ S2 : 62.6058 / 62.0892 Resistance : R1/R2: 63.6958 / 64.2692

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DISCLAIMER
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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.
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