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INDIAN FOREX REPORT

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

INDIAN COMEX DAILY NEWSLETTER

FOREX TECHICAL REPORT!!!!


29- JULY-2013, MONDAY

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RBI DAILY REFRENCE RATES


Trade Date 26-Jul-2013 25-Jul-2013 24-Jul-2013 23-Jul-2013 22-Jul-2013 19-Jul-2013 18-Jul-2013 17-Jul-2013 16-Jul-2013 15-Jul-2013 1 USD 58.9133 58.9415 59.4465 59.6875 59.4080 59.7950 59.7120 59.3623 59.3925 60.0510 1 GBP 90.6794 90.4752 91.2444 91.6621 90.7398 91.0319 90.5891 89.6905 89.8965 90.7130 1 EURO 78.2180 77.8668 78.4355 78.6865 78.1135 78.5222 78.2195 77.9875 77.7250 78.4705 100 YEN 59.6700 59.0100 59.5100 59.9600 59.3700 59.7400 59.5900 59.7700 59.5400 60.5100

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JPYINR DAILY TECHNICAL LEVELS


JPYINR DAILY CANDLESTICK CHART

S2 59.2275

S1 59.5650

PIVOT 59.7775

R1 60.1150

R2 60.3275

TECHNICAL OUTLOOK:
JPYINR (NSE/MCX-SX) has maintain a strong support level @58.88 and break the level @59.90. JPYINR touch the level @60.70. and continue sustain this level the touch the level @61.27.

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NEAR TERM OUTLOOK FOR RUPEE:

JPY/ INR July futures contract (NSE)

View: Bearish on JPY

Buy JPYINR above 59.90 Target: 60.70/61.27

Market Lot: JPY 1000 Stop Loss: 58.85

Support: S1/ S2: 59.5650/ 59.2275

Resistance: R1/R2: 60.1150/ 60.3275

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