6
DAILY FOREX REPORT 24 TH DECEMBER 2012 WWW.EPICRESEARCH.CO +919752199966

Daily forex-report by epic research 24 dec 2012

Embed Size (px)

DESCRIPTION

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.

Citation preview

Page 1: Daily forex-report by epic research 24 dec 2012

DAILY FOREX REPORT 24TH DECEMBER 2012

WWW.EPICRESEARCH.CO +919752199966

Page 2: Daily forex-report by epic research 24 dec 2012

www.epicresearch.co +919752199966

HEADLINES

Rupee extends losses on oil demand; weak shares

The rupee extended losses to 54.84/85 versus its previous

close of 54.55/56 on the back of dollar demand from oil

firms and also helped by weak domestic shares. A broad

risk-off mood globally also aided the dollar, traders said.

Asian shares retreated from near 17-month highs and

commodities fall as negotiations to avert a US fiscal

crunch turns to personal taunts, putting at risk a timely

solution as well as the health of the world's largest

economy.

Rupee down 12 paise against dollar in early

trade

The rupee today fell by 12 paise to trade at 54.67 against

the dollar in early trade at the Interbank Foreign

Exchange, due to increased demand for the American

currency from oil importers. Besides, euro and yen

weakness against the dollar overseas and a lower opening

in the equity market also put pressure on the local unit,

forex dealers said. The rupee had gained 30 paise

yesterday to close at 54.55 against the dollar on fresh

selling of the American currency by banks.

REFERENCE RATE

As on 21ST December 2012

UNDERLYING RATE

USDINR 55.0860

EURINR 72.7730

GBPINR 89.5368

JPYINR 65.5000

TRADING TIPS

BUY USD/INR

ABOVE 55.17

FOR TGT 55.32/55.47 SL 55.02

PAST

PERFORMANCE

SELL USD/INR

BELOW 54.90

FOR TGT 54.75/54.60 SL 55.05 UNEXECUTED

Page 3: Daily forex-report by epic research 24 dec 2012

PRODUCT NAME

EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE

CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61

CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99

GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46

JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68

KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76

PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11

REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2

SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28

TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66

WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89

www.epicresearch.co +919752199966

DAILY MARKET STATISTICS

Symbol Series/Expiry Unit Open High Low Close Prev. Close

EURINR 27-Dec-2012 1 EUR 72.6875 73.0850 72.6000 72.8075 72.7725

EURINR 29-Jan-2013 1 EUR 72.9100 73.3300 72.8900 73.0550 73.0150

GBPINR 27-Dec-2012 1 GBP 89.4800 89.8200 89.4500 89.5600 89.3025

GBPINR 29-Jan-2013 1 GBP 89.8000 90.1100 89.8000 89.8625 89.5975

JPYINR 27-Dec-2012 100 JPY 65.7125 65.8975 65.5500 65.6000 65.3700

JPYINR 29-Jan-2013 100 JPY 66.1550 66.1600 65.6775 65.8575 65.6300

USDINR 27-Dec-2012 1USD 55.0500 55.3425 55.0125 55.1700 54.9125

USDINR 29-Jan-2013 1 USD 55.2675 55.6050 55.2050 55.4375 55.1775

USDINR 26-Feb-2013 1 USD 55.5200 55.8675 55.5200 55.6975 55.4425

Page 4: Daily forex-report by epic research 24 dec 2012

DAILY USD/INR CHART

ANALYSIS

OPEN: 55.0225

HIGH: 55.3425

LOW: 55.0125

CLOSE: 55.1700

USD/INR LOOKS UPWARDS

TREND: BULLISH

STRATEGY: BUY ON DIPS

www.epicresearch.co +919752199966

Page 5: Daily forex-report by epic research 24 dec 2012

DAILY EUR/INR CHART

ANALYSIS

OPEN: 72.6900

HIGH: 73.0850

LOW: 72.6000

CLOSE: 72.8075

EUR/INR LOOKS UPWARDS

TREND: BULLISH

STRATEGY: BUY ON DIPS

www.epicresearch.co +919752199966

Page 6: Daily forex-report by epic research 24 dec 2012

FOREX FORTHCOMING DATA

TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS

www.epicresearch.co +919752199966

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.