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 Pound.

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!!!!

05- SEPTEMBER-2013, THURSDAY

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RBI DAILY REFRENCE RATES

Trade Date 04-Sep-2013 03-Sep-2013 02-Sep-2013 30-Aug-2013 29-Aug-2013 28-Aug-2013 27-Aug-2013 26-Aug-2013 23-Aug-2013 22-Aug-2013 1 USD 67.0289 66.8875 65.8608 66.5742 67.7060 68.3611 65.6675 64.2347 64.6880 65.4207 1 GBP 104.3171 103.9499 102.5189 103.3431 105.1406 106.0281 102.1983 100.0070 100.7968 102.0955 1 EURO 88.2374 88.0950 87.0575 88.1605 90.0295 91.4682 87.7460 85.9342 86.3035 87.3176 100 YEN 67.1800 67.1800 66.8400 67.8300 69.2200 70.2500 66.9500 65.2100 65.3200 66.6200

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GBP/INR DAILY TECHNICAL LEVELS

GBP/INR FOUR HOURLY CANDLESTICK CHART

S2 102.9958

S1 104.0217

PIVOT 105.7458

R1 106.7717

R2 108.4958

TECHNICAL OUTLOOK:
GBP/INR (NSE/MCX-SX) has closed at the level of @105.0475. If GBP/INR sustains above the level of @105.70 then it can touch the level of @106.22 and @107.04 respectively.

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NEAR TERM OUTLOOK FOR POUND:

GBP/ INR July futures contract (NSE)

View: Bullish on GBP

Buy above 105.70

Market Lot: GBP 1000

Target: 106.22 / 107.04

Stop Loss: 104.70

Support: S1/ S2: 104.0217 / 102.9958

Resistance: R1/R2: 106.7717 / 108.4958

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