Daily forex-report by epic research 7 march 2013
- 1. S DAILY FOREX REPORT 7TH MARCH 2013 WWW.EPICRESEARCH.CO +919752199966
- 2. HEADLINES Rupee off highs as oil firms step in to buy Rupee off the day's high of 54.6150 and currently trading at 54.78/79 versus its previous close of 54.92/93 as oil firms step in to buy dollars. The pair dropped sharply earlier in the session on the back of gains in regional risk assets. Some traders say buying was also seen ahead of RBI's reference rate fixing, though gains are unlikely to sustain for too long. All Asian currencies trading stronger compared to the dollar. TRADING TIPS SELL EUR/INR REFERENCE RATE BELOW 71.65 As on 6th March 2013 FOR TGT 71.50/71.35 UNDERLYING RATE SL 72.85 USDINR 54.7065 PAST EURINR 71.4295 PERFORMANCE SELL EUR/INR GBPINR 82.7873 JPYINR 58.6900 BELOW 71.85 FOR TGT 71.70/71.55 SL 72.05 TARGET ACHIEVED www.epicresearch.co +919752199966
- 3. 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 27-Mar-2013 1 EUR 71.7050 71.8900 71.5425 71.8500 71.6600 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-Apr-2013 1 EUR 72.0825 72.2375 71.9075 72.2125 72.0025 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 GBPINR 27-Mar-2013 1 GBP 83.0975 83.6250 83.0175 83.5700 82.9325 KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 GBPINR PEPPER 26-Apr-2013 42300 GBP 4255583.9000 7/19/2012 1 42250 84.0375 42390 83.4375 42435 83.9975 45 83.3500 0.11 REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2 JPYINR 27-Mar-2013 100 JPY 59.2000 59.2375 58.9450 59.2100 58.9875 SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28 JPYINR 26-Apr-2013 100 JPY 59.3300 59.5075 59.2050 59.4700 59.2400 TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 USDINR WHEAT 27-Mar-2013 1251 7/19/2012 1USD 1282 55.1000 1251 55.1800 1246 54.8950 1282 55.1550 36 55.1575 2.89 USDINR 26-Apr-2013 1 USD 55.4775 55.5075 55.2200 55.4825 55.4775 USDINR 29-May-2013 1 USD 55.7225 55.7800 55.5000 55.7550 55.7525 www.epicresearch.co +919752199966
- 4. DAILY USD/INR CHART ANALYSIS OPEN: 55.0000 HIGH: 55.1550 LOW: 54.9025 CLOSE: 55.0000 USD/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
- 5. DAILY EUR/INR CHART ANALYSIS OPEN: 71.8500 LOW: 71.9450 HIGH: 71.5400 CLOSE: 71.6700 EUR/INR LOOKS DOWNWARDS TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co +919752199966
- 6. FOREX FORTHCOMING DATA TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS 6:15pm EUR 0.75% 0.75% Minimum Bid Rate 7:00pm EUR ECB Press Conference 7:00pm USD Trade Balance -42.8B -38.5B 7:00pm USD Unemployment Claims 354K 344K 8:30pm USD IBD/TIPP Economic 46.3 47.3 Optimism 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