DAILY FOREX REPORT BY EPIC RESEARCH- 4 DECEMBER 2012
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- The Indian rupee dropped 21 paise against the US dollar to trade at 54.47, due to renewed demand for dollars from banks and exporters as the dollar strengthened overseas. - The RBI reference rate for the USD/INR was 54.5610 as of December 3rd. - Trading tips recommended buying USD/INR above 54.95 for targets of 55.15-55.35 with a stop loss of 54.75.
DAILY FOREX REPORT BY EPIC RESEARCH- 4 DECEMBER 2012
- 1. DAILY FOREX REPORT 4TH DECEMBER 2012 WWW.EPICRESEARCH.CO +919752199966
- 2. HEADLINES Rupee drops 21 paise against dollar The rupee dropped by 21 paise to trade at 54.47 against the dollar today on fresh demand for the US currency from banks and exporters. The rupee resumed slightly lower at 54.27 per dollar as against the last weekend's level of 54.26 at the Interbank Foreign Exchange (Forex) Market and dropped further to 54.48 before quoting 54.47 at 1040 hrs. It hovered in a range of 54.24 and 54.48 per dollar during the morning deals. Renewed dollar demand from banks and exporters in view it being stronger in the overseas market mainly TRADING TIPS affected the rupee value. BUY USD/INR RBI REFERENCE RATE ABOVE 54.95 As on 3RD December 2012 FOR TGT UNDERLYING RATE 55.15/55.35 USDINR 54.5610 SL 54.75 PAST EURINR 71.0815 PERFORMANCE GBPINR 87.4558 SELL EUR/INR JPYINR 66.2700 BELOW 70.97 FOR TGT 70.77/70.57 SL 71.17 UNEXECUTED www.epicresearch.co +919752199966
- 3. 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-Dec-2012 1 EUR 71.0625 71.5225 70.9925 71.4875 70.9725 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 29-Jan-2013 1 EUR 71.3400 71.7725 71.3000 71.7525 71.1550 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Dec-2012 1 GBP 87.6200 88.1850 87.3000 88.1125 87.5400 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 29-Jan-2013 42300 GBP 4255588.0500 7/19/2012 1 42250 88.4200 42390 87.6650 42435 88.4000 45 87.8325 0.11 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 27-Dec-2012 100 JPY 66.0250 66.8750 65.8025 66.8125 66.0550 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 29-Jan-2013 100 JPY 66.3275 67.1450 66.3100 67.0400 66.3000 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 27-Dec-2012 12511USD 1282 54.7025 7/19/2012 1251 55.4525 1246 54.4700 1282 54.9050 36 54.6075 2.89 USDINR 29-Jan-2013 1 USD 54.8625 55.2075 54.7500 55.1675 54.8575 USDINR 26-Feb-2013 1 USD 55.0500 55.4250 54.9875 55.3975 55.0900 www.epicresearch.co +919752199966
- 4. DAILY USD/INR CHART ANALYSIS OPEN: 54.5650 HIGH: 54.9475 LOW: 54.4825 CLOSE: 54.9050 USD/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
- 5. DAILY EUR/INR CHART ANALYSIS OPEN: 71.1600 HIGH: 71.8625 LOW: 70.8475 CLOSE: 70.9725 EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS www.epicresearch.co +919752199966
- 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 9:00am AUD Cash Rate 3.00% 3.25% 9:00am AUD RBA Rate Statement 1:30pm EUR Spanish Unemployment 128.2K Change 3:00pm GBP Construction PMI 50.7 50.9 Tentative USD FOMC Member Tarullo Speaks 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. www.epicresearch.co +919752199966