INDIAN FOREX REPORT

INDEX WATCH: 1. RBI Reference Rate (USD/ GBP/ EURO/ YEN) 2. USDINR Chart, Levels and Charts Justification. 3. Technical outlook of USDINR. 4. Near Team Outlook for Rupee.

EPIC Research Report

This Report contains all the study and strategy required by trader to trade on INDIAN FOREX MARKET (NSE-FX AND MCX-SX). Refer to the chart attracted in the Report to take proper Trading Decision.
Research Analyst: Nilesh Jain

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FOREX TECHICAL REPORT!!!!

17- SEPTEMBER-2013, TUESDAY

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RBI DAILY REFRENCE RATES

Trade Date 16-Sep-2013 13-Sep-2013 12-Sep-2013 11-Sep-2013 10-Sep-2013 06-Sep-2013 05-Sep-2013 04-Sep-2013 03-Sep-2013 02-Sep-2013 1 USD 62.4840 63.7890 63.6673 63.9035 64.2162 65.9600 66.0430 67.0289 66.8875 65.8608 1 GBP 99.6620 100.7037 100.7089 100.4691 100.8259 102.9108 103.1063 104.3171 103.9499 102.5189 1 EURO 83.4960 84.6675 84.7230 84.6510 85.2073 86.5828 86.9940 88.2374 88.0950 87.0575 100 YEN 63.2300 63.8800 64.1000 63.6800 64.2800 66.0900 66.1800 67.1800 67.1800 66.8400

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USD/INR DAILY TECHNICAL LEVELS

USD/INR DAILY CANDLESTICK CHART

S2 62.0892

S1 62.6058

PIVOT 63.1792

R1 63.6958

R2 64.2692

TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @63.1225. If USD/INR breaks the level of 62.60 then it can touch the level of @62.32 and @61.96 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:

USD/ INR July futures contract (NSE)

View: Bearish on USD

Sell below 62.60

Market Lot : USD 1000

Target : 62.32 / 61.96

Stop Loss : 63.60

Support: S1/ S2 : 62.6058 / 62.0892

Resistance : R1/R2: 63.6958 / 64.2692

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