DAILYFOREX REPORT BY EPIC RESEARCH-13 February 2013

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                    DAILY FOREX REPORT

                     13TH FEBRUARY 2013




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                        HEADLINES
                        Rupee     falls   to   near    one-month      low,    key
                        resistance met

                        The rupee fell to 53.94/95 versus its Monday's close of
                        53.8450/8550 but the key resistance is met at 54.01 levels,
                        prompting some pullback.54.01 is the strongest since
                        January 18. The rupee was testing major resistance at
                        53.90-54.05, which has been a rebound low for 7 trading
                        days between January 21-29 and a 38.2 per cent
                        retracement of the 55.89 (26th November) and 52.87 (5th
                        February) decline. Dealers say dollar demand is seen from
                        gold and oil importers. Factory output is eyed for
                        immediate cues. Resistance is expected to hold until the
 TRADING TIPS          data with further lows towards 54.25 likely if data
                        disappoints.
 BUY EUR/INR
  ABOVE 72.68
  FOR TGT                              REFERENCE RATE
  72.83/72.98
                                       As on 12th february 2013
  SL 72.48
  PAST
                                 UNDERLYING                RATE
  PERFORMANCE
                                   USDINR                 53.9585
 BUY USD/INR
                                   EURINR                 72.2305
  ABOVE 53.96
                                   GBPINR                 84.4882
  FOR TGT
                                    JPYINR                57.4300
  54.08/54.10
  SL 53.76
  TARGET ACHIEVED

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                               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     26-Feb-2013        1 EUR            72.1450      72.1900     71.8925     72.1675      72.0450
 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     27-Mar-2013        1 EUR            72.2425      72.4900     72.1775     72.4600      72.3300

 JEERA      7/19/2012       14955      14960        14650      15052.5     14800     -252.5       -1.68
 GBPINR     26-Feb-2013        1 GBP            84.9300      85.1750     84.5000     84.6275      84.6600
 KAPAS      7/19/2012       1044        1053        1035         1049       1041       -8         -0.76


 GBPINR
 PEPPER     27-Mar-2013 42300 GBP 4255585.3675
            7/19/2012       1               42250 85.4650
                                                      42390              84.8100
                                                                            42435    84.9325
                                                                                      45          84.9600
                                                                                                  0.11


REF SOYA    7/19/2012       780.5       783.6       777.4       782.85     781.3      -1.55       -0.2
 JPYINR     26-Feb-2013       100 JPY           58.2500      58.3400     57.7325     57.8275      58.1725

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

 JPYINR     27-Mar-2013       100 JPY           57.8000      58.5900     57.8000     58.1000      58.4150
TURMERIC    7/19/2012       4600        4676        4518         4664       4540      -124        -2.66


 USDINR
 WHEAT       26-Feb-2013
            7/19/2012          1USD 1282 53.8300
                                              1251 53.9875
                            1251                       1246              53.7750
                                                                            1282     53.9525
                                                                                      36          53.7550
                                                                                                  2.89



 USDINR     27-Mar-2013        1 USD            54.1000      54.2350     54.0300     54.2075      54.0075



 USDINR     26-Apr-2013        1 USD            54.3675      54.5250     54.3100     54.5125      54.2900




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                               DAILY USD/INR CHART




ANALYSIS

OPEN: 54.1100
HIGH: 54.2450
LOW: 53.9800
CLOSE: 54.04252

    USD/INR LOOKS UPWARDS
    TREND: BULLISH

    STRATEGY: BUY ON DIPS




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                              DAILY EUR/INR CHART




ANALYSIS
OPEN: 72.4800
HIGH: 72.7150
LOW: 72.2575
CLOSE: 72.6750

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




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                              FOREX FORTHCOMING DATA
    TIME               CURRENCY                            DATA                    ACTUAL          FORECAST           PREVIOUS
  3:30pm                    EUR                 Industrial Production                                  0.3%               -0.3%
                                                        m/m
  4:00pm                    GBP                 BOE Inflation Report


  7:00pm                    USD                Core Retail Sales m/m                                   0.1%               0.3%

  7:00pm                    USD                    Retail Sales m/m                                    0.1%                0.5%

  9:00pm                    USD                 Crude Oil Inventories                                  -1.6M              -1.0M


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          www.epicresearch.co                                                                       +919752199966

				
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