DAILY FOREX REPORT BY EPIC RESEARCH-14 SEPTEMBER 2012

Document Sample
DAILY FOREX REPORT BY EPIC RESEARCH-14 SEPTEMBER 2012 Powered By Docstoc
					                      DAILY FOREX REPORT
                      14th SEPTEMBER 2012




WWW.EPICRESEARCH.CO                         +919993959693
                              HEADLINES



                              Euro steadies near 4-month peak after German
                               court ruling.
                               The euro held near a four-month high on Thursday
                               after Germany's Constitutional Court gave the green
                               light for Berlin to ratify the euro zone's permanent
                               rescue fund, looking to extend gains further on possible
                               stimulus from the US Federal Reserve.
       TRADING TIPS
      Buy USD/INR above       Rupee sheds 20 paise against dollar
                                The rupee depreciated by 20 paise to 55.41 against the
      55.56 for targets of     dollar in early trade today on fresh demand for the
                               American currency. Forex dealer said increased
      55.71/55.86
                               demand for the US dollar from oil importers mainly put
      Stop loss 55.41          pressure on the local unit, however, higher opening in
                               the equity market and weak dollar against other
                               currencies overseas capped rupee's losses.

       PAST                          RBI REFERENCE RATE
         PERFORMANCE                      As on 13th September 2012

      Buy USD/INR above                 UNDERLYING                 RATE

      55.45 for targets of                USDINR                  55.443


      55.60/55.75                         EURINR                  71.616

                                          GBPINR                  89.3076
      Stop loss 55.30
                                           JPYINR                 71.3300
      Above cost


www.epicresearch.co                                      +919993959693
PRODUCT        EXP DATE        OPEN      HIGH          LOW         CLOSE            LTP      CHG     PERCENTAGE
 NAME                                                                                                  CHANGE


                                      DAILY MARKET STATISTICS
 CHANA         7/19/2012       4556      4573          4525           4560        4532       -28        -0.61

                                                                                                      Prev.
  Symbol       Series/Expiry      Unit          Open           High           Low         Close
 CHILLI        7/19/2012       5060      5060          5018           5120        5018       -102       -1.99
                                                                                                      Close


 EUR-INR
  GUR           26-Sep-2012
               7/19/2012       1188EUR 1188
                                 1                         1183.5 71.3250
                                          71.40001178 71.7100          1178               71.4625
                                                                                             -5.5    71.3400
                                                                                                        -0.46

 EUR-INR
 JEERA          29-Oct-2012
               7/19/2012          1 EUR 14960
                               14955              1465071.9900
                                            71.7800         15052.5 71.7200
                                                                         14800 71.7725
                                                                                 -252.5              71.6625
                                                                                                        -1.68

 GBP-INR
 KAPAS          26-Sep-2012
               7/19/2012         1
                               1044GBP      88.99001035 89.4400
                                                              1049 88.9900
                                         1053                           1041              89.1800
                                                                                              -8     88.9650
                                                                                                        -0.76

 GBP-INR
 PEPPER         29-Oct-2012
               7/19/2012          1 GBP 42555
                               42300              4225089.7500
                                            89.4500          42390 89.4500
                                                                        42435 89.5275
                                                                                  45                 89.3000
                                                                                                        0.11


 JPY-INR
REF SOYA        26-Sep-2012
               7/19/2012       780.5 JPY 783.6
                                 100         71.0675         782.85 71.0675
                                                   777.471.4975          781.3            71.2700
                                                                                             -1.55   70.9925
                                                                                                         -0.2


  JPY-INR
SOY BEAN        29-Oct-2012
               7/19/2012        100        71.3750
                               4309 JPY 4330     4265.5      4303 71.3750
                                                       71.7000         4315               71.5125
                                                                                              12     71.2325
                                                                                                        0.28


  USD-INR
TURMERIC        26-Sep-2012
               7/19/2012       4600USD 4676
                                 1                          4664 55.3050
                                          55.45004518 55.5700         4540                55.4275
                                                                                             -124    55.3000
                                                                                                        -2.66


 USD-INR
 WHEAT         7/19/2012
                29-Oct-2012      1        55.63001251 55.8275
                               1251USD 1282                 1246 55.6250
                                                                      1282                55.6925
                                                                                              36     55.5675
                                                                                                        2.89


 USD-INR        27-Nov-2012      1 USD       71.4000          71.7100        71.3250      71.4625    71.3400




          www.epicresearch.co                                                              +919993959693
                        DAILY USD/INR CHART




ANALYSIS
OPEN: 55.3050
HIGH: 55.5650
LOW: 55.3050
CLOSE: 55.4275

      USD/INR LOOKS UPWARDS
      TREND: BULLISH

      STRATEGY: BUY ON DIPS
                         DAILY EUR/INR CHART




 ANALSIS
OPEN: 71.3250
HIGH: 71.7100
LOW: 71.3250
CLOSE: 71.4625

       EUR/INR LOOKS UPWARDS
       TREND: BULLISH
       STRATEGY: BUY ON DIPS




www.epicresearch.co                             +919993959693
                       FOREX FORTHCOMING DATA

TIME          CURRENCY                     DATA                  ACTUAL        FORECAST        PREVIOUS
6:00pm            USD          Core Retail Sales m/m                               0.6%            0.8%




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.

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:0
posted:9/14/2012
language:
pages:6
Description: Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.