Daily Forex Report by www.epicresearch.co 28th January 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, Equity Tips, Tips, Intraday Tips,

indore, India (prHWY.com) January 28, 2013 - HEADLINES
Indian Rupee extends loses on strong demand for dollar by oil firms
Rupee extends loses to 53.85/86 versus its previous close of 53.6650/6750, tracking a further decline in the domestic share market and on the back of strong dollar demand from oil firms. Traders say there are no dollar inflows in a holiday-shortened week, with banks preferring to cover short positions ahead of the long weekend. Forex and debt markets are closed on Friday for a local holiday. Demand from oil firms also stronger due to the approaching month-end, when firms need to pay their imports.
TRADING TIPS

* BUY USD/INR
* ABOVE 53.70
* FOR TGT
* 53.82/53.94
* SL 53.50
PAST PERFORMANCE
* SELL USD/INR
* BELOW 53.64
* FOR TGT
* 53.52/54.40
* SL 53.84
* UNEXECUTED
ANALYSIS
DAILY USD/INR CHART
OPEN: 53.6600
HIGH: 53.8925
LOW: 53.5900
CLOSE: 53.6950
* USD/INR LOOKS SIDEWAYS
* TREND: CONSOLIDATED
* STRATEGY: BUY ON DIPS
ANALYSIS

DAILY EUR/INR CHART

OPEN: 71.5000
HIGH: 71.8450
LOW: 71.3450
CLOSE: 71.5750
* EUR/INR LOOKS SIDEWAYS
* TREND: CONSLODATED
* 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. We provide services in equity, commodity and Forex market.

Our research is based around these services:


Stock Tips
Stock Tips Free Trial
Shares Tips
Forex Tips
Commodity Tips
Online Share Trading

Share Market Live

Gold and Silver Tips


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:// http://www.epicresearch.co/images/past_performance/DAILY-FOREX-REPORT.pdf
###

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