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S

DAILY FOREX REPORT 13TH FEBRUARY 2013

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HEADLINES
Rupee falls to near one-month low, key resistance met The rupee fell to 53.94/95 versus its Monday's close of 53.8450/8550 but the key resistance is met at 54.01 levels, prompting some pullback.54.01 is the strongest since January 18. The rupee was testing major resistance at 53.90-54.05, which has been a rebound low for 7 trading days between January 21-29 and a 38.2 per cent retracement of the 55.89 (26th November) and 52.87 (5th February) decline. Dealers say dollar demand is seen from gold and oil importers. Factory output is eyed for immediate cues. Resistance is expected to hold until the data with further lows towards 54.25 likely if data disappoints.

TRADING TIPS BUY EUR/INR ABOVE 72.68 FOR TGT 72.83/72.98 SL 72.48 PAST PERFORMANCE BUY USD/INR ABOVE 53.96 FOR TGT 54.08/54.10 SL 53.76 TARGET ACHIEVED
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REFERENCE RATE
As on 12th february 2013
UNDERLYING
USDINR EURINR GBPINR JPYINR

RATE
53.9585 72.2305 84.4882 57.4300

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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

26-Feb-2013

1 EUR

72.1450

5018 1178

72.1900

5120

71.8925
5018 1178

72.1675
-102 -5.5

72.0450

EURINR
JEERA

27-Mar-2013

1 EUR

72.2425

72.4900

1183.5

72.1775
14800

72.4600
-252.5

72.3300

7/19/2012

14955

14960 1053

14650 1035

15052.5

GBPINR
KAPAS

26-Feb-2013
7/19/2012

1 GBP
1044

84.9300

85.1750
1049

84.5000
1041

84.6275
-8

84.6600
-0.76

GBPINR PEPPER
REF SOYA

27-Mar-2013 42300 GBP 4255585.3675 1 7/19/2012 42250 85.4650 42390


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

84.8100 42435
781.3 4315

84.9325 45
-1.55 12

84.9600 0.11
-0.2

JPYINR

26-Feb-2013

100 JPY

58.2500

58.3400

57.7325

57.8275

58.1725

SOY BEAN

4265.5

0.28

JPYINR
TURMERIC WHEAT USDINR

27-Mar-2013
7/19/2012 7/19/2012 26-Feb-2013

100 JPY
4600

57.8000
4518

58.5900
4664

57.8000
4540

58.1000
-124

58.4150
-2.66 2.89 53.7550

1251 1USD 1282 53.8300 1251 53.9875 1246

53.7750 1282

53.9525 36

USDINR

27-Mar-2013

1 USD

54.1000

54.2350

54.0300

54.2075

54.0075

USDINR

26-Apr-2013

1 USD

54.3675

54.5250

54.3100

54.5125

54.2900

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DAILY USD/INR CHART

ANALYSIS
OPEN: 54.1100 HIGH: 54.2450 LOW: 53.9800 CLOSE: 54.04252

USD/INR LOOKS UPWARDS TREND: BULLISH

STRATEGY: BUY ON DIPS

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DAILY EUR/INR CHART

ANALYSIS
OPEN: 72.4800 HIGH: 72.7150 LOW: 72.2575 CLOSE: 72.6750

EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA


TIME
3:30pm 4:00pm

CURRENCY
EUR GBP

DATA
Industrial Production m/m BOE Inflation Report

ACTUAL

FORECAST
0.3%

PREVIOUS
-0.3%

7:00pm 7:00pm 9:00pm

USD USD USD

Core Retail Sales m/m Retail Sales m/m Crude Oil Inventories

0.1% 0.1% -1.6M

0.3% 0.5% -1.0M

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