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!!!!

18- OCTOBER-2013, FRIDAY

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RBI DAILY REFRENCE RATES

Trade Date 17-Oct-2013 15-Oct-2013 14-Oct-2013 11-Oct-2013 10-Oct-2013 09-Oct-2013 08-Oct-2013 07-Oct-2013 04-Oct-2013 03-Oct-2013 1 USD 61.5810 61.6929 61.3036 61.1570 62.1383 61.9170 61.6885 61.7760 61.4050 61.9348 1 GBP 98.5111 98.5914 97.9877 97.7656 99.0236 99.4511 99.2013 99.0640 99.2857 100.4397 1 EURO 83.4935 83.6735 83.1487 82.7795 83.8725 83.9247 83.6875 83.8360 83.6790 84.2360 100 YEN 62.5100 62.6600 62.4000 62.1500 63.5800 63.5400 63.5000 63.6200 63.2500 63.4300

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USD/INR DAILY TECHNICAL LEVELS

USD/INR DAILY CANDLESTICK CHART

S2 60.7133

S1 61.0567

PIVOT 61.7033

R1 61.0467

R2 62.6933

TECHNICAL OUTLOOK:
USD/INR (NSE/MCX-SX) has closed @61.4000. If USD/INR breaks the level of @61.30 then it can touch the level of @61.14 and @60.92 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:

USD/ INR July futures contract (NSE)

View: Bearish on USD

Sell below 61.30

Market Lot : USD 1000

Target : 61.14 / 60.92

Stop Loss : 62.05

Support: S1/ S2 : 61.0567 / 60.7133

Resistance : R1/R2: 62.0467 / 62.6933

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