You are on page 1of 7

INDIAN FOREX REPORT

INDEX WATCH: 1. RBI Reference Rate (USD/ GBP/ EURO/ YEN) 2. JPYINR Chart, Levels and Charts Justification. 3. Technical outlook of JPYINR. 4. Near Team Outlook for Yen.

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

INDIAN FOREX DAILY NEWSLETTER

FOREX TECHICAL REPORT!!!!


13- SEPTEMBER-2013, FRIDAY

1|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES


Trade Date 12-Sep-2013 11-Sep-2013 10-Sep-2013 06-Sep-2013 05-Sep-2013 04-Sep-2013 03-Sep-2013 02-Sep-2013 30-Aug-2013 29-Aug-2013 1 USD 63.6673 63.9035 64.2162 65.9600 66.0430 67.0289 66.8875 65.8608 66.5742 67.7060 1 GBP 100.7089 100.4691 100.8259 102.9108 103.1063 104.3171 103.9499 102.5189 103.3431 105.1406 1 EURO 84.7230 84.6510 85.2073 86.5828 86.9940 88.2374 88.0950 87.0575 88.1605 90.0295 100 YEN 64.1000 63.6800 64.2800 66.0900 66.1800 67.1800 67.1800 66.8400 67.8300 69.2200

2|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

JPY/INR DAILY TECHNICAL LEVELS


JPY/INR DAILY CANDLESTICK CHART

S2 63.0183

S1 63.7342

PIVOT 64.2308

R1 64.9467

R2 65.4433

TECHNICAL OUTLOOK:
JPY/INR (NSE/MCX-SX) has closed @64.4500. If JPY/INR sustains above the level of 64.90 then it can touch the level of @65.42 and @65.92 respectively.

3|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

NEAR TERM OUTLOOK FOR YEN:

JPY/ INR July futures contract (NSE)

View: Bullish on JPY

Buy above 64.90

Market Lot : JPY 1000

Target: 65.42 / 65.92

Stop Loss: 63.90

Support: S1/ S2: 63.7342 / 63.0183

Resistance: R1/R2: 64.9467 / 65.4433

4|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

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.

5|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300

INDIAN FOREX DAILY NEWSLETTER

CONTACT US:

WWW.EPICRESEARCH.CO

Epic Research Private Limited Corporate Office 411 Milinda Manor (Suites 409 - 417) 2 RNT MargOpp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 / 2427 / 2230 Alternate: +91 731 664 2320 / 2226 +91 97521 99966 Or give us a missed call at 026 5309 0639

6|P a ge WWW.EPICRESEARCH.CO CALL: +917316642300