Daily Forex Report by www.epicresearch.co 5th February 2013

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,

indore, India (prHWY.com) February 5, 2013 - HEADLINE
Rupee off from record highs; trading above 53 against dollar
The rupee failed to maintain its initial gains against the US dollar on Monday, but was still quoted higher by 13 paise to 53.06 per dollar in the late morning trade on selling of dollars by banks amidst weakness of dollar overseas. Rupee breached the key 53-level by gaining 26 paise to trade at fresh three-and-a-half-month high of 52.90 in early trade today against the dollar. The rupee resumed higher at 53.02 per dollar as against the last weekend's level of 53.19 per dollar at the Interbank Foreign Exchange (Forex) market and firmed up further to a high of 52.93 per dollar on persistent foreign capital inflows.
TRADING TIPS:
* SELL USD/INR
* BELOW 53.40
* FOR TGT
* 53.28/53.16
* SL 53.58
PAST PERFORMANCE
* SELL USD/INR
* BELOW 53.44
* FOR TGT
* 53.29/53.14
* SL 53.64
* UNEXECUTED
ANALYSIS
DAILY USD/INR
* OPEN: 53.2900
* HIGH: 53.4800
* LOW: 53.0825
* CLOSE: 53.4375
* USD/INR LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE


DAILY EUR/INR
* OPEN: 72.7175
* HIGH: 72.7175
* LOW: 72.2900
* CLOSE: 72.4550
* EUR/INR LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE

Option tips
Business analyst jobs
Mcx tips
Intraday tips
Intraday trading tips



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, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. We provide services in equity, commodity and Forex market.


GET FREE TRIAL +91 731 6642300
Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/
Or
http://www.epicresearch.co/images/past_performance/DAILY-FOREX-REPORT.pdf##

###

Tag Words: business analyst jobs, commodity tips, share tips, mcx gold tips, forex tips, mcx tips

Categories: Business

Press Release Contact
411 Milinda Manor (Suites 409 - 417)
2 RNT Marg Opp Central Mall
Indore (M.P.)

Link To This Press Release:

URL HTML Code