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 Yen.

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!!!!

30- SEPTEMBER-2013, MONDAY

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RBI DAILY REFRENCE RATES

Trade Date 27-Sep-2013 26-Sep-2013 25-Sep-2013 24-Sep-2013 23-Sep-2013 20-Sep-2013 19-Sep-2013 18-Sep-2013 17-Sep-2013 16-Sep-2013 1 USD 61.8110 62.2260 62.6981 62.6585 62.5200 62.2430 61.7480 63.1440 63.3770 62.4840 1 GBP 99.4972 100.0594 100.2731 100.4604 100.2571 99.8969 99.5625 100.4810 100.8582 99.6620 1 EURO 83.4200 84.1073 84.4589 84.5955 84.6710 84.2295 83.5460 84.3675 84.5980 83.4960 100 YEN 62.6600 62.8400 63.5700 63.3200 63.1700 62.6700 62.7400 63.6500 63.9300 63.2300

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JPY/INR DAILY TECHNICAL LEVELS

JPY/INR DAILY CANDLESTICK CHART

S2 62.5775

S1 63.3550

PIVOT 63.8150

R1 64.5925

R2 65.0525

TECHNICAL OUTLOOK:
JPY/INR (NSE/MCX-SX) has closed @64.1325. If JPY/INR sustains above the level of @64.30 then it can touch the level of @64.45 and @64.72 respectively.

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NEAR TERM OUTLOOK FOR YEN:

JPY/ INR July futures contract (NSE)

View: Bullish on JPY

Buy above 64.30

Market Lot : JPY 1000

Target : 64.45 / 64.72

Stop Loss : 63.50

Support: S1/ S2 : 63.3550 / 62.5775

Resistance : R1/R2: 64.5925 / 65.0525

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