This daily newsletter provides a forex technical report on the Indian market. It includes the RBI reference rates for USD, GBP, Euro, and Yen. It analyzes the GBP/INR chart and levels, giving a technical outlook and near term outlook that is bearish on GBP. The report is intended to help traders make decisions in the Indian forex market.

1. INDIAN FOREX REPORT
INDEX WATCH:
1. RBI Reference Rate (USD/ GBP/ EURO/ YEN)
2. GBPINR Chart, Levels and Charts Justification.
3. Technical outlook of GBPINR.
4. Near Team Outlook for Pound.
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

2. INDIAN FOREX DAILY NEWSLETTER
FOREX TECHICAL REPORT……!!!!
23- OCTOBER-2013, WEDNESDAY
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3. INDIAN FOREX DAILY NEWSLETTER
RBI DAILY REFRENCE RATES
Trade Date
1 USD
1 GBP
1 EURO
100 YEN
22-Oct-2013
61.7800
99.6573
84.4855
62.8600
21-Oct-2013
61.4885
99.4085
84.1215
62.6600
18-Oct-2013
61.2760
99.0281
83.8010
62.5200
17-Oct-2013
61.5810
98.5111
83.4935
62.5100
15-Oct-2013
61.6929
98.5914
83.6735
62.6600
14-Oct-2013
61.3036
97.9877
83.1487
62.4000
11-Oct-2013
61.1570
97.7656
82.7795
62.1500
10-Oct-2013
62.1383
99.0236
83.8725
63.5800
09-Oct-2013
61.9170
99.4511
83.9247
63.5400
08-Oct-2013
61.6885
99.2013
83.6875
63.5000
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4. INDIAN FOREX DAILY NEWSLETTER
GBP/INR DAILY TECHNICAL LEVELS
GBP/INR DAILY CANDLESTICK CHART
S2 – 99.1458
S1 – 99.3367
PIVOT – 99.5908
R1 – 99.7817
R2 – 100.0358
TECHNICAL OUTLOOK:
GBP/INR (NSE/MCX-SX) has closed @99.5275. If GBP/INR breaks the level of @99.35 then it can touch the level of
@99.11 and @98.75 respectively.
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5. INDIAN FOREX DAILY NEWSLETTER
NEAR TERM OUTLOOK FOR POUND:
GBP / INR July futures contract (NSE)
View: Bearish on GBP
Sell below 99.35
Market Lot : GBP 1000
Target : 99.11 / 98.75
Stop Loss : 100.25
Support: S1/ S2 : 99.1458 / 99.3367
Resistance : R1/R2: 99.7817 / 100.0358
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6. INDIAN FOREX DAILY NEWSLETTER
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7. INDIAN FOREX DAILY NEWSLETTER
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