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……!!!!
24- SEPTEMBER-2013, TUESDAY

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RBI DAILY REFRENCE RATES
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
23-Sep-2013 62.5200 100.2571 84.6710 63.1700
20-Sep-2013 62.2430 99.8969 84.2295 62.6700
19-Sep-2013 61.7480 99.5625 83.5460 62.7400
18-Sep-2013 63.1440 100.4810 84.3675 63.6500
17-Sep-2013 63.3770 100.8582 84.5980 63.9300
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

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USD/INR DAILY TECHNICAL LEVELS
USD/INR FOUR HOURLY CANDLESTICK CHART
S2 – 62.1275 S1 – 62.3850 PIVOT – 62.7925 R1 – 63.0500 R2 – 63.4575
TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @62.6250. If USD/INR breaks the level of @62.45 then it can touch the level of
@62.15 and @61.90 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:
USD/ INR July futures contract (NSE) View: Bearish on USD
Sell below 62.45 Market Lot : USD 1000
Target : 62.15 / 61.90 Stop Loss : 63.25
Support: S1/ S2 : 62.3850 / 62.1275 Resistance : R1/R2: 63.0500 / 63.4575

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