S
DAILY FOREX REPORT 4TH FEBRUARY 2013
WWW.EPICRESEARCH.CO
+919752199966
HEADLINES Rupee weaker on short-covering, weak shares The rupee continued to trade weaker at 53.28/29 versus its Thursday's close of 53.2150/2250 as investors covered their short-dollar positions. The pair had rose to a threeand-a-half month high of 53.07 on Thursday. Losses in most other Asian currencies have also hurt the sentiment. South Korea's threat to impose a broad tax on financial transactions is the first sign of deepening concern in Asia that speculation of competitive currency devaluations is prompting investors to head for the exit. Domestic shares are trading down 0.3 per cent, sending the rupee further
TRADING TIPS SELL USD/INR BELOW 53.44 FOR TGT 53.29/53.14 SL 53.64 PAST PERFORMANCE SELL USD/INR BELOW 53.39 FOR TGT 53.24/53.09 SL 53.59 UNEXECUTED
www.epicresearch.co
down but hopes for inflows towards Oil India's stake sale is keeping the losses in check.
REFERENCE RATE As on 1ST february 2013 UNDERLYING
RATE
USDINR
53.3238
EURINR
72.6296
GBPINR
84.5982
JPYINR
57.8500
+919752199966
DAILY MARKET STATISTICS PRODUCT NAME
EXP DATE
Symbol
Series/Expiry
CHANA
7/19/2012
EURINR
OPEN
HIGH
LOW
Unit
Open
4556
26-Feb-2013
4573
1 EUR
4525
72.6050
High 4560
72.9950
Low 4532
72.6050
7/19/2012
5060
5060
GUR
7/19/2012
1188
1188
JEERA
7/19/2012
14955
14960
GBPINR
26-Feb-2013
KAPAS
7/19/2012
1049
1041
GBPINR PEPPER
27-Mar-2013 42300 1 GBP 4255584.9875 7/19/2012 42250 85.3125 42390
84.7000 42435
27-Mar-2013
1 EUR
1 GBP 1044
1053
7/19/2012
780.5
783.6
SOY BEAN
7/19/2012
4309
4330
JPYINR TURMERIC
26-Feb-2013
27-Mar-2013
100 JPY
14650
84.3500
REF SOYA
JPYINR
1178
72.9475
100 JPY
1035
777.4
58.3850
4265.5
58.5800 4518
1183.5
73.2550
15052.5
85.0225
782.85
58.4375
4303
58.7000
5018 1178
72.9400 14800
84.2500
781.3
57.9550 4315
58.2150
7/19/2012
4600
4664
4540
WHEAT USDINR
7/19/2012 26-Feb-2013
12511USD 1282 53.4475 1251 53.6125 1246
USDINR
27-Mar-2013
1 USD
53.7050
USDINR
26-Apr-2013
1 USD
54.0000
www.epicresearch.co
4676
5120
LTP
CHILLI
EURINR
5018
CLOSE
CHG
Close -28
72.8775
PERCENTAGE CHANGE
Prev. Close -0.61
72.2775
-102
-1.99
-5.5
-0.46
-252.5
-1.68
73.1375
84.4975 -8
72.5550
84.2750 -0.76
84.7825 45
84.5800 0.11
-1.55
-0.2
12
0.28
58.0825
58.3350
58.7175
58.9875
-124
-2.66
53.3825 1282
53.4400 36
2.89 53.3925
53.8775
53.6450
53.7050
53.6575
54.1500
53.9300
53.9850
53.9450
+919752199966
DAILY USD/INR CHART
ANALYSIS OPEN: 53.4150 HIGH: 53.6125 LOW: 53.3825 CLOSE: 53.4400
USD/INR LOOKS DOWNWARDS TREND: BEARISH
STRATEGY: SELL ON RISE
www.epicresearch.co
+919752199966
DAILY EUR/INR CHART
ANALYSIS OPEN: 72.6050 HIGH: 72.9950 LOW: 72.6050 CLOSE: 72.8775
EUR/INR LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS
www.epicresearch.co
+919752199966
FOREX FORTHCOMING DATA TIME
CURRENCY
DATA
ACTUAL
FORECAST
PREVIOUS
1:30pm
EUR
-59.1K
3:00pm
EUR
Spanish Unemployment Change Sentix Investor Confidence
3:30pm
EUR
PPI m/m
-0.2%
8:30pm
USD
Factory Orders m/m
0.0%
9:00pm
USD
Crude Oil Inventories
-7.0
-1.6M
-1.0M
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