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: Nilesh Jain

INDIAN FOREX DAILY NEWSLETTER

FOREX TECHICAL REPORT!!!!

02- SEPTEMBER-2013, MONDAY

1|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date 30-Aug-2013 29-Aug-2013 28-Aug-2013 27-Aug-2013 26-Aug-2013 23-Aug-2013 22-Aug-2013 21-Aug-2013 20-Aug-2013 19-Aug-2013 1 USD 66.5742 67.7060 68.3611 65.6675 64.2347 64.6880 65.4207 63.4605 63.7335 62.3461 1 GBP 103.3431 105.1406 106.0281 102.1983 100.0070 100.7968 102.0955 99.4172 99.7875 97.3721 1 EURO 88.1605 90.0295 91.4682 87.7460 85.9342 86.3035 87.3176 85.1205 85.0698 83.0686 100 YEN 67.8300 69.2200 70.2500 66.9500 65.2100 65.3200 66.6200 65.0200 65.5100 63.8300

2|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

USD/INR DAILY TECHNICAL LEVELS

USD/INR DAILY CANDLESTICK CHART

S2 65.6392

S1 66.1833

PIVOT 67.0567

R1 67.6008

R2 68.4742

TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed at the level of @66.7275. If USD/INR breaks the level of @66.40 then it can touch the level of @65.58 and @64.59 respectively.

3|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

NEAR TERM OUTLOOK FOR RUPEE:

USD/ INR July futures contract (NSE)

View: Bearish on USD

Sell below 66.40

Market Lot: USD 1000

Target: 65.58 / 64.59

Stop Loss: 68.00

Support: S1/ S2: 66.1833 / 65.6392

Resistance: R1/R2: 67.6008 / 68.4742

4|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

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.

5|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

CONTACT US:

WWW.EPICRESEARCH.CO

Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639

6|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300