DAILY FOREX REPORT BY EPIC RESEARCH- 9 OCTOBER 2012

							                      DAILY FOREX REPORT
                       9th OCTOBER 2012




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                            HEADLINES



                            Rupee posts biggest single-day fall in three
                            months
                            The rupee fell to a one-week low on Monday and posted
                            its biggest single-day fall in three months, as custodian
                            banks bought dollars on the back of sharp losses in
                            local shares, while global risk assets weakened on
                            global economy concerns. The euro fell on risk aversion
       TRADING TIPS
                            ahead of global earnings results and after the World

       Buy USD/INR         Bank cut its growth forecasts for the East Asia and
                            Pacific region, reversing the gains seen after the
         Above 52.75 for    stronger-than-expected U.S. jobs data on Friday.

         targets of
                             Rupee loses as risk assets fall; exporters sell
         52.85/52.90        The rupee falls to 52.18-52.19 versus its previous close
                            of 51.85-51.86, as part of a fall in risk assets over
        Stop loss 52.60     conerns about the global economic outlook.

       PAST                             RBI REFERENCE RATE
         PERFORMANCE                        As on 8th October 2012

         Above 52.17 for             UNDERLYING                   RATE
                                        USDINR                   52.2145
         targets of
                                        EURINR                   67.7515
         52.32/51.47
                                        GBPINR                   84.0027
        Target Acheived
                                         JPYINR                  66.4600




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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
 CHILLI     7/19/2012       5060        5060 Open 5018 High 5120         Low
                                                                             5018    Close
                                                                                       -102        -1.99
                                                                                                 Close

              67.8000         68.3500       67.6500       68.2850       68.2850      67.7825    67.8000
 EUR-INR
  GUR       7/19/2012       1188        1188      1178         1183.5        1178       -5.5       -0.46

              67.0075         68.9475       67.0075       68.4825       68.4825      67.9725    67.0075
 EUR-INR
 JEERA      7/19/2012       14955       14960     14650       15052.5       14800      -252.5      -1.68

              84.0200         84.6325       83.9350       84.5350       84.5350      84.3275    84.0200
 GBP-INR
 KAPAS      7/19/2012       1044        1053      1035          1049         1041        -8        -0.76

              84.3975         84.8350       84.2550       84.7450       84.7450      84.5300    84.3975
 GBP-INR
 PEPPER     7/19/2012       42300       42555     42250        42390        42435       45         0.11

              66.4350         67.4950       66.3300       67.4100       67.4100      66.4000    66.4350
 JPY-INR
REF SOYA    7/19/2012       780.5       783.6     777.4        782.85       781.3      -1.55       -0.2

              66.7025         67.6300       66.7025       67.5950       67.5950      66.5575    66.7025
  JPY-INR
SOY BEAN    7/19/2012       4309        4330     4265.5         4303         4315       12         0.28

              52.1000         52.7775       52.1000       52.7200       52.7200      52.1150    52.1000
  USD-INR
TURMERIC    7/19/2012       4600        4676      4518          4664         4540      -124        -2.66

              52.3875         52.9900       52.3625       52.9475       52.9475      52.3075    52.3875
 USD-INR
 WHEAT      7/19/2012       1251        1282      1251          1246         1282       36         2.89

              52.5375         53.1625       52.5300       53.1175       53.1175      52.4700    52.5375
 USD-INR




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                       DAILY USD/INR CHART




ANALYSIS
OPEN: 52.1000
HIGH: 52.7775
LOW: 52.1000
CLOSE: 52.7200

    USD/INR LOOKS UPWARDS
    TREND: BULLISH

    STRATEGY: BUY ON DIPS
                       DAILY EUR/INR CHART




 ANALSIS
OPEN: 68.2850
HIGH: 68.3500
LOW: 68.2850
CLOSE: 68.2850

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




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                       FOREX FORTHCOMING DATA

TIME             CURRENCY                       DATA                  ACTUAL        FORECAST        PREVIOUS

 1:00pm                EUR          ECB President Draghi
                                    Speaks
 2:00pm                GBP          Manufacturing Production                       -0.6%                3.2%
                                    m/m

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