Daily forex report by epic research 18th october 2013

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

1 USD

1 GBP

1 EURO

100 YEN

17-Oct-2013

61.5810

98.5111

83.4935

62.5100

15-Oct-2013

61.6929

98.5914

83.6735

62.6600

14-Oct-2013

61.3036

97.9877

83.1487

62.4000

11-Oct-2013

61.1570

97.7656

82.7795

62.1500

10-Oct-2013

62.1383

99.0236

83.8725

63.5800

09-Oct-2013

61.9170

99.4511

83.9247

63.5400

08-Oct-2013

61.6885

99.2013

83.6875

63.5000

07-Oct-2013

61.7760

99.0640

83.8360

63.6200

04-Oct-2013

61.4050

99.2857

83.6790

63.2500

03-Oct-2013

61.9348

100.4397

84.2360

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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