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!!!!

15- OCTOBER-2013, TUESDAY

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RBI DAILY REFRENCE RATES

Trade Date 14-Oct-2013 11-Oct-2013 10-Oct-2013 09-Oct-2013 08-Oct-2013 07-Oct-2013 04-Oct-2013 03-Oct-2013 01-Oct-2013 30-Sep-2013 1 USD 61.3036 61.1570 62.1383 61.9170 61.6885 61.7760 61.4050 61.9348 62.3555 62.7770 1 GBP 97.9877 97.7656 99.0236 99.4511 99.2013 99.0640 99.2857 100.4397 101.2030 101.4162 1 EURO 83.1487 82.7795 83.8725 83.9247 83.6875 83.8360 83.6790 84.2360 84.5365 84.6745 100 YEN 62.4000 62.1500 63.5800 63.5400 63.5000 63.6200 63.2500 63.4300 63.5100 64.1500

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USD/INR DAILY TECHNICAL LEVELS

USD/INR DAILY CANDLESTICK CHART

S2 61.1158

S1 61.3917

PIVOT 61.5583

R1 61.8342

R2 62.0008

TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @61.6675. If USD/INR sustains above the level of @61.95 then it can touch the level of @62.26 and @62.57 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:

USD/ INR July futures contract (NSE)

View: Bullish on USD

Buy above 61.95

Market Lot : USD 1000

Target : 62.20 / 62.57

Stop Loss : 61.00

Support: S1/ S2 : 61.3917 / 61.1158

Resistance : R1/R2: 61.8342 / 62.0008

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