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

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FOREX TECHICAL REPORT!!!!

12- AUGUST-2013, MONDAY

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RBI DAILY REFRENCE RATES

Trade Date 08-Aug-2013 07-Aug-2013 06-Aug-2013 05-Aug-2013 02-Aug-2013 01-Aug-2013 31-Jul-2013 30-Jul-2013 29-Jul-2013 26-Jul-2013 1 USD 61.1150 61.3940 61.5355 60.8220 60.8035 60.7423 61.1150 59.8280 59.2970 58.9133 1 GBP 94.7710 94.1723 94.3708 92.9664 91.9531 92.0550 92.9742 91.7582 91.1810 90.6794 1 EURO 81.5420 81.6990 81.5785 80.7335 80.3655 80.6025 80.9535 79.3277 78.7129 78.2180 100 YEN 63.4400 63.2200 62.4900 61.7700 61.0400 61.6900 62.4400 60.8400 60.5800 59.6700

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USD/INR DAILY TECHNICAL LEVELS

USD/INR DAILY CANDLESTICK CHART

S2 60.6900

S1 60.9150

PIVOT 61.2825

R1 61.5075

R2 61.8750

TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed below major support level @61.20. If USD/INR maintain this level then touch the level @60.81 and @60.55 respectively.

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NEAR TERM OUTLOOK FOR EURO:

USD/ INR July futures contract (NSE)

View: Bearish on USD

Sell USD below 61.20

Market Lot: USD 1000

Target: 60.81/ 60.55

Stop Loss: 61.70

Support: S1/ S2: 60.9150/ 60.6900

Resistance: R1/R2: 61.5075/ 61.8750

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