Daily Forex Report By Epicresearch 23 November 2012
Epic Research is a leading financial services provider with presence in Indian and other global c0apital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday
Daily Forex Report by epicresearch 23 November 2012
HEADLINE
Rupee fails to hold gains against dollar
The rupee failed to hold early gains and fell to 55.15/16 versus its previous close of 55.11/12. The pair had risen as high as 55.0025 in early trade.
Rupee edges higher as shares rise; Parliament winter session eyed
The rupee edges up against US dollar to 55.03/04 versus its previous close of 55.11/12 tracking gains in the domestic share market with a mild risk-on mood globally also hurting the American currency. Asian shares rose as a survey showed China's manufacturing sector expanded for the first time in 13 months in November, adding to optimism after firm US factory data that the global growth slowdown may have turned a corner.
TRADING TIPS:
· TRADING TIPS
BUY USD/INR ABOVE 55.27 FOR TGT 55.47/55.67 SL 55.07
PAST PERFORMANCE
BUY USD/INR ABOVE 55.17 FOR TGT 55.30 SL 54.93
· TARGET ACHIEVED
ANALYSIS
DAILY USD/INR
ANALYSIS
OPEN: 55.1225
HIGH: 55.3050
LOW: 55.0325
CLOSE: 55.2625
USD/INR LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
DAILY EUR/INR
OPEN: 70.5800
HIGH: 71.1650
LOW: 70.5800
CLOSE: 71.1325
EUR/INR LOOKS SIDEWAYS
TREND: CONSOLIDATED
STRATEGY: BUY ON DIPS
Epic Research is a leading financial services provider with presence in Indian and other global c0apital 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. Share Tips We provide services in equity, commodity and Forex market.
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