DAILY FOREX REPORT BY EPIC RESEARCH- 20 NOVEMBER 2012

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DAILY FOREX REPORT BY EPIC RESEARCH- 20 NOVEMBER 2012 Powered By Docstoc
					                      DAILY FOREX REPORT
                      20TH NOVEMBER 2012




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                       HEADLINES
                       Rupee extends gains; custodian banks sell
                        dollars

                        The rupee extended gains to 54.95/96 versus its
                        previous close of 55.1650/1750 on the back of dollar
                        inflows with some custodian banks, traders say.
                        Domestic shares, however, were trading up 0.3 per cent.
                        Traders do not see more downside for the pair on the
                        back of a choppy share market. The pair is expected to
                        hold in a 54.85 to 55.10 range for the rest of the session.

                       Rupee up by 12 paise vs dollar in late morning
                        deals
      TRADING TIPS
                        The Indian rupee recovered by 12 paise to 55.04 against

      SELL EUR/INR     the US dollar in the late morning trade today on fresh
                        selling of the American currency by banks amid
       BELOW 70.35
                        persistent capital inflows into the equity market. The
       FOR TGT          rupee resumed higher at 55.07 per dollar as against the
       70.15/69.95      last weekend's level of 55.16 at the Interbank Foreign
       SL 70.55         Exchange (Forex) market and moved up further to
                        54.98, before quoting 55.04 at 1040 hrs. It moved in a
      PAST             range of 54.98 and 55.08 per dollar during the morning

       PERFORMANCE      deals.

     • BUY USD/INR                    RBI REFERENCE RATE
       ABOVE 55.31
                                      As on 19TH November 2012
       FOR TGT
       55.46/55.61
                                  UNDERLYING                 RATE
       SL 55.11
                                    USDINR                 54.9665
       UNEXECUTED
                                    EURINR                 70.1595

                                    GBPINR                 87.4957

                                    JPYINR                 67.6500




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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     7/19/2012       4556         4573         4525      4560          4532       -28        -0.61
  EURINR    27-Nov-2012       1 EUR            70.4725    70.4725        70.1900      70.3525    70.4650
 CHILLI    7/19/2012       5060         5060        5018        5120        5018        -102       -1.99
  EURINR    27-Dec-2012       1 EUR            70.7350      70.7350      70.5050      70.6825    70.7575
  GUR      7/19/2012       1188         1188        1178        1183.5      1178        -5.5       -0.46
  GBPINR    27-Nov-2012       1 GBP            87.7900      87.8500      87.3900      87.6475    87.6150
 JEERA     7/19/2012       14955      14960        14650       15052.5      14800      -252.5      -1.68
  GBPINR    27-Dec-2012       1 GBP            88.1000      88.1600      87.7800      88.0050    87.9750
 KAPAS     7/19/2012       1044         1053        1035        1049        1041         -8        -0.76
  JPYINR    27-Nov-2012       100 JPY          67.9225      68.0300      67.6050      67.8375    68.1500
 PEPPER    7/19/2012       42300      42555        42250        42390       42435       45         0.11
  JPYINR    27-Dec-2012       100 JPY          68.1575      68.1975      67.8850      68.1025    68.3775
REF SOYA   7/19/2012       780.5      783.6         777.4       782.85      781.3      -1.55        -0.2
  USDINR    27-Nov-2012        1USD            55.2450      55.2450      54.9825      55.1125    55.3150
SOY BEAN   7/19/2012       4309         4330       4265.5       4303        4315        12         0.28
  USDINR    27-Dec-2012       1 USD            55.4650      55.4700      55.2500      55.3875    55.5600
TURMERIC   7/19/2012       4600         4676        4518        4664        4540        -124       -2.66
  USDINR    29-Jan-2013       1 USD          55.8000    55.8000          55.5000      55.6450    55.7825
 WHEAT     7/19/2012       1251         1282       1251      1246            1282        36        2.89




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                              DAILY USD/INR CHART




ANALYSIS
OPEN: 55.2400
HIGH: 55.2400
LOW: 54.9825
CLOSE: 55.1125

    USD/INR LOOKS SIDEWAYS
    TREND: CONSOLIDATED

    STRATEGY: SELL ON RISE




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                             DAILY EUR/INR CHART




ANALYSIS
OPEN: 70.3525
HIGH: 70.4725
LOW: 70.3525
CLOSE: 70.3525

    EUR/INR LOOKS SIDEWAYS
    TREND: CONSOLIDATED
    STRATEGY: SELL ON RISE




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                             FOREX FORTHCOMING DATA
    TIME               CURRENCY                            DATA                    ACTUAL         FORECAST            PREVIOUS
  12:30pm                   EUR                   German PPI m/m                                       0.2%               0.3%

   All Day                  EUR                 Eurogroup Meetings                                                       4.75M


   7:00pm                   USD                    Building Permits                                  0.87M              0.89M

   7:45pm                   USD                 Industrial Production                                 0.3%                0.4%
                                                        m/m

  10:45pm                   USD               Fed Chairman Bernanke
                                                      Speaks




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         www.epicresearch.co                                                                       +919752199966

				
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