Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>



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, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

More Info
									                DAILY FOREX REPORT

                  7TH JANUARY 2013

WWW.EPICRESEARCH.CO                  +919752199966
                        HEADLINES
                        Rupee down for second day on short-covering

                        Traders say short-covering in the dollar seen on the back
                        of losses in regional equity markets, but exporters are
                        expected to step up sales at higher levels, holding the pair
                        in a 54.65 to 54.95 range. Asian shares fall tracking
                        overnight weakness in global equities after senior Federal
                        Reserve officials express concerns about continuing to
                        expand simulative bond buying. Traders will also watch
                        domestic share market moves for cues on foreign fund
                        flows. Shares trading down 0.1 percent in early trade.

                        Rupee down 33 paise Vs dollar in early trade

 TRADING TIPS          The rupee today weakened by 33 paise to 54.83 against
                        the dollar in early trade at the Interbank Foreign
 BUY EUR/INR           Exchange market due to increased demand for the US
  ABOVE 71.97           currency from importers amid firm global cues. Forex
  FOR TGT               dealers said besides dollar's gains against euro and yen

  72.12/72.27           overseas, increased demand from oil importers for the
                        American currency and a weak opening in the stock
  SL 71.82
                        market also put pressure on the rupee. The rupee had lost
                        15 paise to close at 54.50 against the US dollar yesterday.
 SELL USD/INR                        REFERENCE RATE
  BELOW 54.70                         As on 4THJanuary 2013
  54.55/54.40                    UNDERLYING                 RATE
                                    USDINR                 54.8458
  SL 54.85
  UNEXECUTED                        EURINR                 71.5405

                                    GBPINR                 88.1646

                                    JPYINR                 62.5000                                      +919752199966
                               DAILY MARKET STATISTICS

PRODUCT     EXP DATE        OPEN        HIGH        LOW         CLOSE       LTP      CHG       PERCENTAGE
 NAME                                                                                            CHANGE

 Symbol     Series/Expiry       Unit             Open         High        Low         Close      Prev. Close
 CHANA      7/19/2012       4556        4573        4525         4560      4532      -28          -0.61

 EURINR     29-Jan-2013        1 EUR            71.6500      72.0425     71.5700     71.9600      71.7075
 CHILLI     7/19/2012       5060        5060        5018         5120      5018      -102         -1.99

  GUR       7/19/2012       1188        1188        1178        1183.5     1178      -5.5         -0.46
 EURINR     26-Feb-2013        1 EUR            71.8400      72.2775     71.8125     72.1825      71.9600

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800    -252.5        -1.68
 GBPINR     29-Jan-2013        1 GBP            88.6000      88.6950     88.2125     88.5950      88.4875
 KAPAS      7/19/2012       1044        1053        1035         1049      1041       -8          -0.76

 PEPPER      26-Feb-2013 42300 GBP 4255588.5700
            7/19/2012        1               42250 88.9700
                                                       42390             88.5125
                                                                           42435     88.8575
                                                                                      45          88.7475

REF SOYA    7/19/2012       780.5       783.6       777.4       782.85     781.3     -1.55        -0.2
 JPYINR     29-Jan-2013       100 JPY           62.7325      62.8350     62.5125     62.7100      62.9725

SOY BEAN    7/19/2012       4309        4330        4265.5       4303      4315       12          0.28

 JPYINR     26-Feb-2013       100 JPY           62.9050      63.0575     62.7525     62.9050      63.1525
TURMERIC    7/19/2012       4600        4676        4518         4664      4540      -124         -2.66

 WHEAT       29-Jan-2013
            7/19/2012          1USD 1282 54.8300
                                              1251 55.3900
                            1251                       1246              54.8300
                                                                            1282     55.3325
                                                                                      36          54.7300

 USDINR     26-Feb-2013        1 USD            55.1600      55.6325     55.1600     55.5800      54.9675

 USDINR     27-Mar-2013        1 USD            55.3950      55.8700     55.3925     55.8275      55.2175
                               DAILY USD/INR CHART

OPEN: 54.9450
HIGH: 55.3900
LOW: 54.9250
CLOSE: 55.3325



                              DAILY EUR/INR CHART

OPEN: 71.7050
HIGH: 72.0425
LOW: 71.5700
CLOSE: 71.9600


                              FOREX FORTHCOMING DATA
    TIME                CURRENCY                           DATA                    ACTUAL          FORECAST           PREVIOUS
   1:30pm                   CHF             Foreign Currency Reserves                                                    427.4B

   3:00pm                   EUR             Sentix Investor Confidence                                                    -16.8

   3:30pm                   EUR                         PPI m/m                                                           0.1%

   8:30pm                   CAD                         Ivey PMI                                                           47.5

   9:30pm                   USD                 Crude Oil Inventories                                 -1.6M               -1.0M

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.


To top