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 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: Nilesh Jain

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INDIAN FOREX TECHICAL REPORT!!!!

26- JULY-2013, FRIDAY

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RBI DAILY REFRENCE RATES

Trade Date 25-Jul-2013 24-Jul-2013 23-Jul-2013 22-Jul-2013 19-Jul-2013 18-Jul-2013 17-Jul-2013 16-Jul-2013 15-Jul-2013 12-Jul-2013 1 USD 58.9415 59.4465 59.6875 59.4080 59.7950 59.7120 59.3623 59.3925 60.0510 59.8960 1 GBP 90.4752 91.2444 91.6621 90.7398 91.0319 90.5891 89.6905 89.8965 90.7130 90.8802 1 EURO 77.8668 78.4355 78.6865 78.1135 78.5222 78.2195 77.9875 77.7250 78.4705 78.3241 100 YEN 59.0100 59.5100 59.9600 59.3700 59.7400 59.5900 59.7700 59.5400 60.5100 60.5900

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GBPINR DAILY TECHNICAL LEVELS

GBPINR FOUR HOURLY CANDLESTICK CHART- @59.6575

Z` S2 89.6808 S1 90.0317 PIVOT 90.5508 R1 90.9017 R2 91.4208

TECHNICAL OUTLOOK:
GBPINR (NSE/MCX-SX) has closed @90.3825. If GBP/INR sustain above @90.4450 level then GBP/INR touch the first resistance level @90.70 and second resistance level @ 91.05. Buy GBP/INR Above 90.4450 TGTS 90.7000, 91.05 SL 90.20.

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NEAR TERM OUTLOOK FOR RUPEE:

GBP/ INR July futures contract (NSE)

View: Bullish on GBP

BUY GBP/ INR Above 90.4450

Market Lot: GBP1000

Target: 90.7000/91.0500

Stop Loss: 90.20

Support: S1/ S2: 90.0317/ 89.6808

Resistance: R1/R2: 90.9017/ 91.4208

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