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!!!!

31- JULY-2013, WEDNESDAY

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RBI DAILY REFRENCE RATES

Trade Date 30-Jul-2013 29-Jul-2013 26-Jul-2013 25-Jul-2013 24-Jul-2013 23-Jul-2013 22-Jul-2013 19-Jul-2013 18-Jul-2013 17-Jul-2013 1 USD 59.8280 59.2970 58.9133 58.9415 59.4465 59.6875 59.4080 59.7950 59.7120 59.3623 1 GBP 91.7582 91.1810 90.6794 90.4752 91.2444 91.6621 90.7398 91.0319 90.5891 89.6905 1 EURO 79.3277 78.7129 78.2180 77.8668 78.4355 78.6865 78.1135 78.5222 78.2195 77.9875 100 YEN 60.8400 60.5800 59.6700 59.0100 59.5100 59.9600 59.3700 59.7400 59.5900 59.7700

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USD/INR DAILY TECHNICAL LEVELS

USDINR DAILY CANDLESTICK CHART

S2 59.3242

S1 60.0558

PIVOT 60.4892

R1 61.2208

R2 61.6542

TECHNICAL OUTLOOK:
USDINR (NSE/MCX-SX) has trading between strong trading zone. USD/INR break resistance level @ 60.89 then touch the level @61.06 and @61.30 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:

USD/ INR July futures contract (NSE)

View: Bullish on USD

Buy USDINR above 60.90

Market Lot: USD 1000

Target: 61.05/61.30

Stop Loss: 60.50

Support: S1/ S2: 60.0558/ 59.3242

Resistance: R1/R2: 61.2208/ 61.6542

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