INDIAN FOREX REPORT

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.

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: Epic Research

INDIAN FOREX DAILY NEWSLETTER (19 JULY 2013)

INDIAN FOREX TECHICAL REPORT!!!!

19- JULY-2013, FRIDAY

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INDIAN FOREX DAILY NEWSLETTER (19 JULY 2013)

RBI DAILY REFRENCE RATES

Trade Date 18-Jul-2013 17-Jul-2013 16-Jul-2013 15-Jul-2013 12-Jul-2013 11-Jul-2013 10-Jul-2013 09-Jul-2013 08-Jul-2013 1 USD 59.7120 59.3623 59.3925 60.0510 59.8960 59.6420 60.1330 60.0745 61.0455 1 GBP 90.5891 89.6905 89.8965 90.7130 90.8802 90.1370 89.5200 89.9075 90.8906 1 EURO 78.2195 77.9875 77.7250 78.4705 78.3241 77.9850 76.8915 77.4330 78.2746 100 YEN 59.5900 59.7700 59.5400 60.5100 60.5900 60.4000 59.7600 59.3600 60.4000

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INDIAN FOREX DAILY NEWSLETTER (19 JULY 2013)

USDINR DAILY TECHNICAL LEVELS

USDINR TWO HOURLY CANDLESTICK CHART- @59.6625

S2 59.3125

S1 59.4875

PIVOT 59.7050

R1 59.8800

R2 60.0975

TECHNICAL OUTLOOK:
USDINR (NSE/MCX-SX) has Brake short term trendline level 59.6050, and sustain below this level. Then USDINR crash and touch the first support level 59.3250 and continue fall the market than test second support level support Levels 58.9700.

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INDIAN FOREX DAILY NEWSLETTER (19 JULY 2013)

NEAR TERM OUTLOOK FOR RUPEE:

USD/ INR July futures contract (NSE)

View: Bearish on USD

Sell USDINR around 59.7400- 59.7450

Market Lot: USD1000

Target: 59.3300/58.9700

Stop Loss: 59.9900

Support: S1/ S2: 59.4875/ 59.3125

Resistance: R1/R2: 59.8800/ 60.0975

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INDIAN FOREX DAILY NEWSLETTER (19 JULY 2013)

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INDIAN FOREX DAILY NEWSLETTER (19 JULY 2013)

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