Daily forex report by epic research 11 dec 2013

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FOREX TECHNICAL REPORT……!!!! 11- DECEMBER-2013, WEDNESDAY


INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

10-Dec-2013

61.2070

100.6488

84.1510

59.29

09-Dec-2013

61.1785

100.0146

83.8195

59.3800

06-Dec-2013

61.6673

100.6472

84.2546

60.4000

05-Dec-2013

61.6895

101.0782

84.0690

60.4400

04-Dec-2013

62.3330

102.1825

84.6848

60.7700

03-Dec-2013

62.3443

102.0639

84.4570

60.3800

02-Dec-2013

62.2260

102.1378

84.6410

60.7400

29-Nov-2013

62.3948

102.0592

84.9755

60.9700

28-Nov-2013

62.3896

101.8011

84.7547

61.1000

27-Nov-2013

62.3625

101.1083

84.6755

61.4300

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INDIAN FOREX DAILY NEWSLETTER

EUR/INR DAILY TECHNICAL LEVELS EUR/INR DAILY CANDLESTICK CHART

S2 – 83.8617

S1 – 84.0533

PIVOT – 84.3367

R1 – 84.5283

R2 – 84.8117

TECHNICAL OUTLOOK: EUR/INR (NSE/MCX-SX) has closed @84.2450. If EUR/INR breaks the level of @84.14 then it can touch the level of @83.99 and @83.82 respectively. 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300


INDIAN FOREX DAILY NEWSLETTER

NEAR TERM OUTLOOK FOR EURO:

EUR / INR Dec futures contract (NSE)

View : Bearish on EUR

Sell below 84.14

Market Lot : EUR 1000

Target : 83.99 / 83.82

Stop Loss : 84.55

Support: S1/ S2 : 84.0533 / 83.8617

Resistance : R1/R2 : 84.5283 / 84.8117

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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. Research Analyst : Nilesh Jain

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INDIAN FOREX DAILY NEWSLETTER

CONTACT US: WWW.EPICRESEARCH.CO

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