DAILY FOREX REPORT BY EPIC RESEARCH - 25 JULY 2012

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    DAILY FOREX REPORT

    25

    TH

    JULY 2012

    WWW.EPICRESEARCH.CO +919993959693

    http://www.epicresearch.co/http://www.epicresearch.co/http://www.epicresearch.co/
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    www.epicresearch.co +919993959693

    HEADLINES

    Rupee range bound; global risk seen key:

    The rupee is trading at 56.06/07 against the dolla

    versus its previous close of 55.9650/9750. It has trade

    in the 55.90-56.10 range during the session, largel

    tracking developments in the euro and global ris

    sentiment.

    Euro vulnerable as poor PMI data darkens

    outlook:

    The euro fell against the dollar on Tuesday after wea

    German economic data fuelled concerns about slowin

    growth in Europe's largest economy, and looked likel

    to extend losses on mounting concerns Spain may nee

    a full bailout.

    RBI REFERENCE RATE

    As on 24TH

    July 2012

    UNDERLYING RATE

    USDINR 56.0150

    EURINR 67.8361

    GBPINR 86.8905

    JPYINR 71.5800

    TRADING TIPS

    Buy USD/INR above

    56.20 for targets of

    56.32/56.44

    Stop loss 56.00

    PREVIOUS

    PERFORMANCE

    Buy GBP/INR above

    87.05 for targets of

    87.17/87.30

    Stop loss 86.90

    2nd

    target achieved

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    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

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    DAILY MARKET STATISTICS

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

    EUR-INR 27-Jul-12 1 EUR 67.8525 68.1075 67.8100 68.0525 67.8875

    EUR-INR 29-Aug-12 1 EUR 67.5475 68.3650 67.5475 68.3175 68.1325

    GBP-INR 27-Jul-12 1 GBP 87.0000 87.2575 86.8225 87.1875 86.9675

    GBP-INR 29-Aug-12 1 GBP 87.0550 87.5700 87.0550 87.5375 87.2625

    GBP-INR 26-Sep-12 1 GBP 87.4000 87.8400 87.4000 87.8400 88.0450

    JPY-INR 27-Jul-12 100 JPY 71.6000 71.9300 71.3825 71.8725 71.5300

    JPY-INR 29-Aug-12 100 JPY 71.8100 72.1750 71.6500 72.1425 71.8100

    USD-INR 27-Jul-12 1 USD 56.1075 56.2825 55.9550 56.2300 56.0075

    USD-INR 29-Aug-12 1 USD 56.4300 56.5675 56.2375 56.5225 56.2850

    USD-INR 26-Sep-12 1 USD 56.6250 56.8200 56.5025 56.7800 56.5375

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    DAILY USD/INR CHART

    ANALYSIS

    OPEN: 56.1075

    HIGH: 56.2825

    LOW: 55.9550

    CLOSE: 56.2300

    USD/INR LOOKS BULLISH

    TREND: UPWARDS

    STRATEGY: BUY ON DIPS.

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    DAILY EUR/INR CHART

    ANALYSIS

    OPEN: 67.9000

    HIGH: 68.1075

    LOW: 67.8100

    CLOSE: 68.0525

    EUR/INR LOOKS BULLISH

    TREND: BULLISH

    STRATEGY: BUY ON DIPS

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