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Daily Forex Report 31 JANUARY 2013: WWW - Epicresearch.Co

The rupee strengthened against the dollar to its highest point in over three months due to dollar inflows for upcoming share sales and a stronger euro. Exporters were also seen selling dollars based on expectations of further rupee gains. The forex report provides the daily reference rates for USD, EUR, GBP and JPY against the INR and recommends selling USD/INR above 53.52 with targets of 53.37/53.22. Charts of USD/INR and EUR/INR trends are shown to be bearish, with a strategy to sell on rises. Upcoming economic data releases from Europe and the US are also listed.

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Daily Forex Report 31 JANUARY 2013: WWW - Epicresearch.Co

The rupee strengthened against the dollar to its highest point in over three months due to dollar inflows for upcoming share sales and a stronger euro. Exporters were also seen selling dollars based on expectations of further rupee gains. The forex report provides the daily reference rates for USD, EUR, GBP and JPY against the INR and recommends selling USD/INR above 53.52 with targets of 53.37/53.22. Charts of USD/INR and EUR/INR trends are shown to be bearish, with a strategy to sell on rises. Upcoming economic data releases from Europe and the US are also listed.

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DAILY FOREX REPORT 31STJANUARY 2013

WWW.EPICRESEARCH.CO

+919752199966

HEADLINES
Rupee strengthens to over 3-month peak on dollar inflows The rupee rose to its highest level in more than three months on Wednesday on the back of dollar inflows for upcoming share sales and positive sentiment from a stronger euro. At 3:30 p.m. (1000 GMT), the partially convertible rupee was at 53.3550/3650 per dollar, its strongest since Oct. 23, 2012 and stronger than its close of 53.76/77 on Tuesday. Traders said exporters were also seen selling the greenback of expectations of a stronger rupee in the near-term. India's ministerial panel approved selling a 10 percent stake in Oil India BSE -2.30 % on Feb. 1, the oil secretary said.

TRADING TIPS SELL USD/INR ABOVE 53.52 FOR TGT 53.37/53.22 SL 54.72 PAST PERFORMANCE SELL USD/INR ABOVE 54.00 FOR TGT 53.85/53.3070 SL 54.20 TARGET ACHIEVED

REFERENCE RATE
As on 30th January 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
53.5678 72.2340 84.3746 58.9500

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DAILY MARKET STATISTICS


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

Symbol
CHANA

Series/Expiry
7/19/2012 7/19/2012 7/19/2012

Unit
4556 5060 1188 4573 5060 1188

Open
4525

High
4560

Low
4532

Close
-28

Prev. Close
-0.61 -1.99 -0.46 -1.68

EURINR
CHILLI GUR

29-Jan-2013

1 EUR

72.4200

5018 1178

72.6300

5120

72.3525
5018 1178

72.5575
-102 -5.5

72.5100

EURINR
JEERA

26-Feb-2013

1 EUR

72.6750

72.9175

1183.5

72.6275
14800

72.8325
-252.5

72.7775

7/19/2012

14955

14960 1053

14650 1035

15052.5

GBPINR
KAPAS

29-Jan-2013
7/19/2012

1 GBP
1044

84.7900

84.7900
1049

84.2900
1041

84.3550
-8

84.9250
-0.76

GBPINR PEPPER
REF SOYA

26-Feb-2013 42300 GBP 4255585.1600 1 7/19/2012 42250 85.1600 42390


7/19/2012 7/19/2012 780.5 4309 783.6 4330 4676 777.4 782.85 4303

84.6000 42435
781.3 4315

84.6925 45
-1.55 12

85.2000 0.11
-0.2

JPYINR

29-Jan-2013

100 JPY

59.2300

59.2800

58.6500

58.7025

59.8275

SOY BEAN

4265.5

0.28

JPYINR
TURMERIC WHEAT USDINR

26-Feb-2013
7/19/2012 7/19/2012 29-Jan-2013

100 JPY
4600

59.4475
4518

59.5500
4664

58.9250
4540

58.9800
-124

60.0950
-2.66 2.89 54.0375

1251 1USD 1282 53.8450 1251 53.8450 1246

53.4950 1282

53.5350 36

USDINR

26-Feb-2013

1 USD

54.1500

54.1500

53.7575

53.7900

54.3000

USDINR

27-Mar-2013

1 USD

54.3400

54.3675

54.0500

54.0825

54.5775

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DAILY USD/INR CHART

ANALYSIS
OPEN: 53.7700 HIGH: 53.8250 LOW: 53.4950 CLOSE: 53.5350

USD/INR LOOKS DOWNWARDS TREND: BEARISH

STRATEGY: SELL ON RISE

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DAILY EUR/INR CHART

ANALYSIS
OPEN: 72.4200 HIGH: 72.6300 LOW: 72.3575 CLOSE: 72.55575

EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE

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+919752199966

FOREX FORTHCOMING DATA


TIME
12:45am All Day

CURRENCY
USD EUR

DATA
FOMC Statement German Prelim CPI m/m

ACTUAL

FORECAST
164K -0.5%

PREVIOUS
215K 0.9%

1:15pm 7:00pm 9:00pm

EUR USD USD

French Consumer Spending m/m Unemployment Claims Crude Oil Inventories

0.3% 362K -1.6M

0.2% 330K -1.0M

Disclaimer
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.

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