INDIAN FOREX REPORT

INDEX WATCH: 1. RBI Reference Rate (USD/ GBP/ EURO/ YEN) 2. GBPINR Chart, Levels and Charts Justification. 3. Technical outlook of GBPINR. 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!!!!

07- AUGUST-2013, WEDNESDAY

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RBI DAILY REFRENCE RATES

Trade Date 06-Aug-2013 05-Aug-2013 02-Aug-2013 01-Aug-2013 31-Jul-2013 30-Jul-2013 29-Jul-2013 26-Jul-2013 25-Jul-2013 24-Jul-2013 1 USD 61.5355 60.8220 60.8035 60.7423 61.1150 59.8280 59.2970 58.9133 58.9415 59.4465 1 GBP 94.3708 92.9664 91.9531 92.0550 92.9742 91.7582 91.1810 90.6794 90.4752 91.2444 1 EURO 81.5785 80.7335 80.3655 80.6025 80.9535 79.3277 78.7129 78.2180 77.8668 78.4355 100 YEN 62.4900 61.7700 61.0400 61.6900 62.4400 60.8400 60.5800 59.6700 59.0100 59.5100

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GBP/INR DAILY TECHNICAL LEVELS

GBPINR FOUR HOURLY CANDLESTICK CHART

S2 93.3967

S1 93.9558

PIVOT 94.6592

R1 95.2183

R2 95.9217

TECHNICAL OUTLOOK:
GBPINR (NSE/MCX-SX) trading major support level @94.37. If break this level then GBP/INR touch the level @94.09 and @93.59 respectively.

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NEAR TERM OUTLOOK FOR RUPEE:

GBP/ INR July futures contract (NSE)

View: Bearish on GBP

Sell GBPINR below 94.35

Market Lot: GBP 1000

Target: 94.09/93.59

Stop Loss: 95.25

Support: S1/ S2: 93.9558/ 93.3967

Resistance: R1/R2: 95.2183/ 95.9217

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