Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack and NCDEX Tips. We provide services in equity, commodity and Forex market.
2. HEADLINES
Rupee extends gains on second day; euro rise
hurts
The rupee extends gains for a second straight session
to 52.68-52.69 versus its previous close of 52.87-
52.88, tracking a risk-on mood globally after strong
US earnings reports and after Spain averts a ratings
downgrade.USD/INR expected to hold in a 52.40 to
52.80 range for the day, say traders.All other Asian
currencies also trading stronger compared with the
dollar.The euro hits a one-month high against the
dollar and yen after Moody's affirmation of Spain's
TRADING TIPS credit ratings eases concerns the euro zone debt crisis
would have worsened had Madrid been cut to junk
BUY EUR/INR status.Traders will also watch the domestic stock
ABOVE 69.47 market moves for direction during the day.
For targets of
Rupee off highs on suspected defence demand
69.62/69.77
Stop loss 69.32 The rupee trades at 52.91/92 versus its previous close
of 52.87/88 and off the day's high of 52.6750 on the
PAST back of dollar demand, seen tied for some defence
related payments.
PERFORMANCE
BUY EUR/INR RBI REFERENCE RATE
ABOVE 68.92
As on 17 Th October 2012
For targets of
69.07/69.22 UNDERLYING RATE
Stop loss 68.77 USDINR 52.7510
Target Achieved
EURINR 69.0385
GBPINR 85.0768
JPYINR 67.0700
www.epicresearch.co +919752199966
6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
Day 1 EUR EU Economic Summit -0.2K -15.0K
2:00pm GBP Retail Sales m/m 0.4% -0.2%
7:30pm USD Philly Fed Manufacturing 1.3 -1.9
Index
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we
do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is
based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does
not provide individually tailor-made investment advice. Epic research recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.
Epic research shall not be responsible for any transaction conducted based on the information given in this report,
which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information
herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic
research might be holding positions in the stocks recommended. It is understood that anyone who is browsing
through the site has done so at his free will and does not read any views expressed as a recommendation for which
either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is
the acceptance of this disclaimer.
All Rights Reserved.
Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss
incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic
research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or
Unpaid), www.epicresearch.co +919752199966
Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any
Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious
Legal Actions can be taken.