DAILY FOREX REPORT BY EPIC RESEARCH-23 OCTOBER 2012

					                      DAILY FOREX REPORT
                      23RD OCTOBER 2012




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                       HEADLINES
                       Rupee falls at open; debt limit auction flows
                       seen

                       The rupee opened weaker but was flat at 53.84-53.85
                       as some dollar inflows from investors looking to bid at
                       the foreign institutional investor debt limit auction
                       later in the day seen, traders say."There are some
                       flows from FIIs looking to bid at the auction.
                       Exporters are likely to step in only around 54 levels,"
                       said a senior dealer with a state-run bank.USD/INR is
                       seen holding in a 53.60 to 53.95 range with a sell on
                       upticks strategy. Domestic shares will also be watched
 TRADING TIPS         for cues on fund flows during the day.

 BUY EUR/INR                       RBI REFERENCE RATE
  ABOVE 69.95                       As on 22ND October 2012
   For targets of
  70.15/70.35
                                UNDERLYING                RATE
  Stop loss 69.75
                                  USDINR                  53.6735


 PAST                            EURINR                 70.0675

  PERFORMANCE
                                  GBPINR                 86.0494
 BUY EUR/INR
  ABOVE 70.39                     JPYINR                 67.4500

   For targets of
  70.54/70.69
  Stop loss 70.24
 Target Achieved




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                              DAILY MARKET STATISTICS

PRODUCT     EXP DATE       OPEN       HIGH       LOW           CLOSE         LTP      CHG    PERCENTAGE
 NAME                                                                                          CHANGE
                                                                                              Prev.
 Symbol    Series/Expiry     Unit         Open          High           Low          Close
                                                                                              Close
 CHANA
 EURINR    7/19/2012
           29-Oct-2012     4556
                             1 EUR    4573        70.4075 4560
                                       70.4075 4525                            -28
                                                             69.7375 4532 69.9325                -0.61
                                                                                            70.3925

 CHILLI
 EURINR    7/19/2012
           27-Nov-2012     5060
                             1 EUR    5060        71.1700 5120
                                       71.1700 5018                            -102
                                                             69.9550 5018 70.1725                -1.99
                                                                                            70.6300

  GUR      7/19/2012       1188       1188     1178       1183.5      1178      -5.5             -0.46
 GBPINR    29-Oct-2012       1 GBP     86.6000    86.6000     85.7700      85.8575          86.5825

 JEERA     7/19/2012       14955      14960     14650     15052.5     14800     -252.5      -1.68
 GBPINR    27-Nov-2012       1 GBP      86.6575    86.8550    86.0225       86.1050    86.8325

 KAPAS     7/19/2012       1044       1053     1035       1049       1041       -8               -0.76
 JPYINR    29-Oct-2012      100 JPY    68.0350    68.1300    66.9325      67.0725           68.1725

 PEPPER    7/19/2012       42300    42555     42250      42390      42435       45               0.11
 JPYINR    27-Nov-2012      100 JPY   68.1800    68.1800    67.1775       67.2975           68.4000

REF SOYA   7/19/2012       780.5      783.6     777.4      782.85      781.3      -1.55          -0.2
 USDINR    29-Oct-2012       1USD       53.9650    53.9850     53.4725       53.5325        53.9900

SOY BEAN   7/19/2012       4309       4330     4265.5     4303       4315       12               0.28
 USDINR    27-Nov-2012       1 USD     54.7550    54.7550    53.6900      53.7750           54.2000

TURMERIC   7/19/2012       4600       4676     4518       4664       4540      -124              -2.66
 USDINR    27-Dec-2012       1 USD     54.3750    54.3750    53.9100      53.9600           54.4150

 WHEAT     7/19/2012       1251       1282       1251          1246          1282      36        2.89




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                             DAILY USD/INR CHART




ANALYSIS
OPEN: 53.9700
HIGH: 53.9850
LOW: 53.4750
CLOSE: 53.5325

    USD/INR LOOKS UPWARDS
    TREND: BULLISH

    STRATEGY: BUY ON DIPS



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                             DAILY EUR/INR CHART




ANALSIS
OPEN: 69.9325
HIGH: 70.3625
LOW: 69.9325
CLOSE: 69.9325

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




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                          FOREX FORTHCOMING DATA

  TIME                 CURRENCY                     DATA                   ACTUAL        FORECAST           PREVIOUS
   6:30pm                EUR              Belgium NBB Business                               -10.8             -11.6
                                                 Climate
   7:30pm                EUR              Consumer Confidence                                -26               -26

  7:30pm                 USD            Richmond Manufacturing                                 3                4
                                                Index

   10:30pm               GBP              BOE Gov King Speaks


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