This technical report provides a daily analysis of the Indian forex market. It includes the daily reference exchange rates set by the Reserve Bank of India for currencies like the USD, GBP, Euro and Yen. The report analyzes the USD/INR pair and provides technical support and resistance levels. It recommends a bullish outlook on the USD and suggests buying above 61.68 with targets of 61.83 and 61.94. The report is from Epic Research, a corporate forex research firm based in Indore, India.

1. FOREX TECHICAL REPORT……!!!!
28- OCTOBER-2013, MONDAY

2. INDIAN FOREX DAILY NEWSLETTER
RBI DAILY REFRENCE RATES
Trade Date
1 USD
1 GBP
1 EURO
100 YEN
25-Oct-2013
61.6250
99.9373
85.1350
63.4800
24-Oct-2013
61.4105
99.5280
84.8150
62.9900
23-Oct-2013
61.5340
99.7466
84.7495
63.1800
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
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3. INDIAN FOREX DAILY NEWSLETTER
USD/INR DAILY TECHNICAL LEVELS
USD/INR FOUR HOURLY CANDLESTICK CHART
S2 – 61.2500
S1 – 61.4050
PIVOT – 61.6200
R1 – 61.7750
R2 – 61.9900
TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @61.5600. If USD/INR sustains above the level of @61.68 then it can touch the level
of @61.83 and @61.94 respectively.
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4. INDIAN FOREX DAILY NEWSLETTER
NEAR TERM OUTLOOK FOR RUPEE:
USD / INR Oct futures contract (NSE)
View : Bullish on USD
Buy above 61.68
Market Lot : USD 1000
Target : 61.83 / 61.94
Stop Loss : 61.00
Support: S1/ S2 : 61.4050 / 61.2500
Resistance : R1/R2: 61.7750 / 61.9900
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5. INDIAN FOREX DAILY NEWSLETTER
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that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
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investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to
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The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and
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Research Analyst : Nilesh Jain
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6. INDIAN FOREX DAILY NEWSLETTER
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