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DAILY FOREX REPORT 8TH FEBRUARY 2013

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 HEADLINES Rupee gains against dollar in early trade The rupee continued to rule firm in the late morning session by improving five paise to 53.11 per dollar on selling of dollars by banks in view of persistent foreign capital inflows. The rupee resumed higher at 53.12 per dollar as against the yesterday's closing level of 53.16 per dollar at the Interbank Foreign Exchange Market and firmed up further to 53.07 per dollar before quoting at 53.11 per dollar at 1040 hrs.It moved in a range of 53.07 per dollar and 53.17 per dollar during the morning deals. Banks and exporters preferred to reduce their dollar

 TRADING TIPS  BUY USD/INR ABOVE 53.50 FOR TGT 53.65/53.80 SL 53.40 PAST PERFORMANCE  SELL USD/INR BELOW 53.38 FOR TGT 53.26/53.14 SL 53.56 UN EXECUTED www.epicresearch.co

position on the back of persistent foreign capital inflows into equity market. Foreign institutional investors bought shares worth net Rs 1137.95 crore yesterday as per provisional data from the stock exchanges.

REFERENCE RATE As on 7th february 2013 UNDERLYING

RATE

USDINR

53.1445

EURINR

71.9355

GBPINR

83.2695

JPYINR

56.7500

+919752199966


DAILY MARKET STATISTICS PRODUCT NAME

EXP DATE

Symbol

Series/Expiry

CHANA

7/19/2012

EURINR

OPEN

HIGH

LOW

Unit

Open

4556

26-Feb-2013

4573

1 EUR

4525

72.7225

High 4560

72.7225

Low 4532

72.2900

7/19/2012

5060

5060

GUR

7/19/2012

1188

1188

JEERA

7/19/2012

14955

14960

GBPINR

26-Feb-2013

KAPAS

7/19/2012

1049

1041

GBPINR PEPPER

27-Mar-2013 42300 1 GBP 4255584.3000 7/19/2012 42250 84.3900 42390

83.6850 42435

27-Mar-2013

1 EUR

1 GBP 1044

1053

7/19/2012

780.5

783.6

SOY BEAN

7/19/2012

4309

4330

JPYINR TURMERIC

26-Feb-2013

27-Mar-2013

100 JPY

14650

83.7425

REF SOYA

JPYINR

1178

72.8500

100 JPY

1035

777.4

58.0125

4265.5

57.7800 4518

1183.5

72.8500

15052.5

84.0925

782.85

58.0125

4303

57.9375

5018 1178

72.5600 14800

82.5625

781.3

57.2500 4315

57.5075

7/19/2012

4600

4664

4540

WHEAT USDINR

7/19/2012 26-Feb-2013

12511USD 1282 53.3325 1251 53.4800 1246

USDINR

27-Mar-2013

1 USD

53.5325

USDINR

26-Apr-2013

1 USD

53.8500

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4676

5120

LTP

CHILLI

EURINR

5018

CLOSE

CHG

Close -28

72.4550

PERCENTAGE CHANGE

Prev. Close -0.61

72.8775

-102

-1.99

-5.5

-0.46

-252.5

-1.68

72.7250

84.0125 -8

73.1375

84.4975 -0.76

84.3225 45

84.7825 0.11

-1.55

-0.2

12

0.28

57.6200

57.8650

58.0825

58.3350

-124

-2.66

53.0825 1282

53.4375 36

2.89 53.4400

53.7425

53.3525

53.7075

53.7050

54.0200

53.6375

53.9875

53.9850

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DAILY USD/INR CHART

ANALYSIS OPEN: 53.2800 HIGH: 53.5050 LOW: 53.2300 CLOSE: 53.4200

 USD/INR LOOKS UPWARDS  TREND: BULLISH

 STRATEGY: BULLISH

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DAILY EUR/INR CHART

ANALYSIS OPEN: 72.0200 HIGH: 72.5600 LOW: 71.8700 CLOSE: 72.4625

 EUR/INR LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS

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FOREX FORTHCOMING DATA TIME

CURRENCY

DATA

12:30pm

EUR

2:30pm

ACTUAL

FORECAST

PREVIOUS

German Trade Balance

13.7B

14.6B

EUR

Italian Industrial Production m/m

0.2%

-1.0%

Day 2

EUR

EU Economic Summit

7:00pm

USD

Trade Balance

-45.8B

-48.7B

9:00pm

USD

Crude Oil Inventories

-1.6M

-1.0M

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DAILY-FOREX-REPORT BY EPIC RESEARCH 8 JAN 2013  
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