daily forex-report by epic research 3 jan 2013
DESCRIPTION
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.TRANSCRIPT
www.epicresearch.co +919752199966
HEADLINES
Rupee trims initial gains, still up 18 paise vs
dollar
The Rupee failed to maintain initial gains, but was still
quoted higher by 18 paise to 54.50 per dollar on bouts of
buying and selling transactions from banks and exporters.
The rupee resumed higher at 54.42 per dollar as against
the yesterday's closing level of 54.68 at the Interbank
Foreign Exchange ( Forex) Market and moved up further
to 54.31. However, it failed to maintain its initial gains and
dropped to 54.54 per dollar before quoting 54.50 at 1050
hrs on renewed demand for the US currency. The rupee
moved in a range of 54.31 and 54.54 per dollar during the
morning deals.Persistent foreign capital inflows into
equity market are still supporting the rupee sentiment
REFERENCE RATE
As on 2ND January 2013
UNDERLYING RATE
USDINR 54.3890
EURINR 72.1900
GBPINR 88.7574
JPYINR 62.3200
TRADING TIPS
SELL EUR/INR
BELOW 72.20
FOR TGT 72.05/71.90 SL 72.35
PAST
PERFORMANCE
SELL USD/INR
BELOW 55.00
FOR TGT 54.85/54.70 SL 55.15 UNEXECUTED
PRODUCT NAME
EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
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
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
www.epicresearch.co +919752199966
DAILY MARKET STATISTICS
Symbol Series/Expiry Unit Open High Low Close Prev. Close
EURINR 29-Jan-2013 1 EUR 72.6000 72.6900 72.1600 72.2125 72.7175
EURINR 26-Feb-2013 1 EUR 72.8500 72.8925 72.4000 72.4425 72.9375
GBPINR 29-Jan-2013 1 GBP 89.0500 89.2900 88.7250 88.8275 89.2825
GBPINR 26-Feb-2013 1 GBP 89.3675 89.5100 89.0125 89.0600 89.5325
JPYINR 29-Jan-2013 100 JPY 63.0975 63.0975 62.0625 62.6775 63.6700
JPYINR 26-Feb-2013 100 JPY 63.7200 63.7200 62.7600 62.8675 63.8825
USDINR 29-Jan-2013 1USD 54.8800 54.8800 54.4725 54.5675 55.0225
USDINR 26-Feb-2013 1 USD 55.1025 55.1025 54.7300 54.8075 55.2725
USDINR 27-Mar-2013 1 USD 55.4000 55.4000 54.9800 55.0750 55.5250
DAILY USD/INR CHART
ANALYSIS
OPEN: 54.7100
HIGH: 54.7650
LOW: 54.4725
CLOSE: 54.6575
USD/INR LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
www.epicresearch.co +919752199966
DAILY EUR/INR CHART
ANALYSIS
OPEN: 72.6000
HIGH: 72.6900
LOW: 72.1600
CLOSE: 72.2125
EUR/INR LOOKS DOWNWARDS
TREND: BEARISH
STRATEGY: SELL ON RISE
www.epicresearch.co +919752199966
FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:25pm EUR German Unemployment Change
11K 5K
3:00pm GBP Construction PMI 49.6 49.3
6:45pm USD ADP Non-Farm
Employment Change
134K 118K
7:00pm USD Unemployment Claims 356K 350K
9:30pm USD Crude Oil Inventories -1.6M -1.0M
www.epicresearch.co +919752199966
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.